News
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European hot roll market volume light import and export price advantage is not obvious
European local hot roll recent offer basically stable at 768 euros/ton EXW, week on week basically holding flat, rising transaction volume is not much. The price is around 750 euros per ton. Some European steel mills are considering price increases for hot coil in the second quarter. Supply cuts ...Read more -
Domestic demand and foreign demand for joint recovery of China’s steel export sentiment boosted
Part of China’s downstream steel enterprises have not completely resumed work, but steel prices bullish sentiment, leading steel mills are strongly willing to raise prices. The export resources of most Southeast Asian and Chinese steel mills in March are basically sold out, and the price of...Read more -
Vietnam Ho Fa Steel raised March – April hot coil delivery prices
It is reported that recently, Vietnam’s large steel producer Hefa Steel raised the base price of hot coil delivery in March and April to $650 / ton CIF, an increase of $55 / ton compared to February, the price is the same as another large Vietnamese steel mill Formosa Ha Tinh. Recently, th...Read more -
European steel prices rose significantly volume expectations are not good
At present, the price of European local hot roll is 758 euros/ton EXW, a month-on-month increase of 90 euros/ton EXW, the real transaction price is about 770 euros/ton. For local hot roll prices rising trend of sustainability, some traders expressed doubts. The main reason is that downstream dema...Read more -
Asian hot roll prices rose after the holiday bullish sentiment
Despite the approaching Spring Festival holiday, the export price of Chinese hot rolls continues to rise, with the price of SS400 hot rolls around $630 / ton FOB. At present, most steel mills in China have stopped quoting prices, the market supply of goods is reduced, and the appreciation of the ...Read more -
China’s rebar exports to open new markets
As the Chinese Lunar New Year holiday approaches, the pace of long materials trading in the region has slowed. However, prices of raw materials and semi-finished goods continue to rise, supporting the price of Asian long materials factories. China Rebar is offering $655-660 / t CFR to Singapore R...Read more -
Southeast Asia billet buyers return to the obvious price increase
Recently, Southeast Asian steel mills and traders holiday, return to the market, the price of square billet rose significantly. It is understood that the current export price of Vietnam billet is about $580 / ton FOB, a substantial increase of $10-15 / ton. The specification of Indonesia is 3SP,...Read more -
Southeast Asia long wood import prices continue to rise market expectations for a better
Recently, Southeast Asian steel mills and traders holiday, return to the market, the price of square billet rose significantly. It is understood that the current export price of Vietnam billet is about $580 / ton FOB, a substantial increase of $10-15 / ton. The specification of Indonesia is 3SP,...Read more -
RMB appreciation momentum does not reduce China’s steel export price rise
Onshore and offshore RMB exchange rates rose sharply against the US dollar, both recovering the 6.8 mark. With the rapid recovery of economic vitality in China, the RMB/US dollar exchange rate is still supported by factors of strengthening in the short term. As a result, some large steel mills ra...Read more -
The fall in Turkish steel production has yet to ease pressure on the future
After the conflict between Russia and Ukraine in March 2022, the market trade flow changed accordingly. The former Russian and Ukrainian buyers turned to Turkey for procurement, which made Turkish steel mills quickly seize the export market share of billet and rebar steel, and the market demand f...Read more -
Baosteel raises list price of HRC for January sales by US$29/
Baoshan Iron & Steel Co., Ltd. (Baosteel), the listed subsidiary of the world’s largest steelmaker China Baowu Steel Group, has decided to raise the list price of carbon steel hot-rolled coil (HRC) by RMB 200/ton ($28.7/ton), according to the company. Through its new pricing policy offi...Read more -
Italian producers are shutting down longer and prices are rising well
Italian steelmakers, already on holiday, are expected to shut down production for around 18 days this winter over the Christmas break, but for around 13 days in 2021. The downtime is expected to be longer if the market does not recover as expected, mainly due to the slow recovery of demand in the...Read more -
European plate trading cold – clear steel mill expectations optimistic
Recently due to the Christmas holiday, European plate trading is quiet, but most producers remain optimistic about expectations. Some producers said demand would recover in January and now plan to gradually raise prices. In Germany, the factory price of the plate is about 900 euros/ton, up about...Read more -
New Year holiday to overseas steel prices temporarily stable operation
Due to the upcoming New Year holiday, overseas trading atmosphere light, steel prices mostly stable operation. In Europe, steel demand stagnated over the Christmas holiday. In the past month, with the continuous rise of international steel prices, overseas merchants have increased the price of s...Read more -
India will introduce more policies to encourage steel exports as domestic demand continues to languish
India’s domestic sheet metal prices fell this week, with spot IS2062 hot coil prices falling to Rs 54,000 / tonne in Mumbai market, down Rs 2,500 / tonne from two weeks ago, as demand continued to be insufficient to support the earlier price boost due to the removal of export duties. There ...Read more -
The strengthening of the Chinese yuan steel export prices soared
The offshore yuan surged more than 300 points against the dollar today, returning to the “six times” for the first time since Sept. 21. The recent sharp rebound of the RMB, on the one hand, is the cooling of the US inflation data, the Federal Reserve “hinted” to slow down...Read more -
Beijing Tianjin-Hebei medium – thick board prices are expected to rise slightly next week consolidation operation
This week, Beijing Tianjin-Hebei medium and thick plate market prices rose slightly, the general transaction. In terms of raw materials, iron ore and scrap prices were firmer, coke prices rose and fell, and cost support strengthened. On the supply side, the steel mill profit recovery is not obv...Read more -
Returning to the international market and removing tariffs will enable the Indian steel market
Over the past three years, the EU’s share of imports of Indian hot rolls has grown by almost 11 per cent to 15 per cent of Europe’s total hot roll imports, amounting to around 1.37 million tonnes. Last year, Indian hot rolls became one of the most competitive in the market, and its pr...Read more -
Crude steel production high US hot coil prices fell to the lowest in 2 years
In the run-up to the US Thanksgiving holiday, domestic steel prices continue to show a downward trend. As of the last trading day, the price of mainstream hot roll was $690 per ton (4,950 yuan), the lowest in nearly two years. The current glut of steel in the United States is not easing. Accordi...Read more -
Seamless tube price shock is expected to run today black futures night float red
National seamless tube price overall stable. Prices of raw materials are stabilizing. As for the pipe factory, the mainstream seamless pipe factory was temporarily stable, and the output of the pipe factory increased, but the factory warehouse decreased for two weeks in a row, and the inventory p...Read more -
Big European steelmakers will cut production in the fourth quarter
European steel giant ArcelorMittal reported a 7.1% drop in third-quarter shipments to 13.6 million tons and a more than 75% drop in profit due to lower shipments and lower prices. This is due to the combination of lower shipments, higher electricity prices, higher carbon costs and overall lower d...Read more
