News
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Turkey’s rebar price growth slows down and the market has a strong wait-and-see sentiment
Following the start of post-earthquake reconstruction work in Turkey since late February and the strengthening of imported scrap prices, Turkish rebar prices have continued to rise, but the upward trend has slowed down in recent days. In the domestic market,steel mills in Marmara, Izmir and Isken...Read more -
Overseas steel prices continue to be strong, China’s resource prices have obvious advantages
Recently, overseas steel prices continue to show an upward trend. In the United States, relevant departments previously stated that infrastructure construction projects such as roads and bridges that receive government subsidies must use construction materials produced in the United States. In re...Read more -
Raw material cost support is strong, India’s leading steel mills rise slightly
Under the background that the global Hot Rolled Steel Coil is supported by raw material costs and the price continues to rise, this week India’s leading steel mills ArcelorMittal Nippon Steel India (AM/NS India) and JSW Steel respectively raised the prices of hot coil and cold coil After th...Read more -
Strong US dollar, China’s steel export prices slightly loose
Today, the central parity rate of USD/RMB increased by 630 points from the previous day to 6.9572, the highest since December 30, 2022, and the largest increase since May 6, 2022. Affected by the strengthening of the US dollar, the export price of Chinese steel products has been loosened to a cer...Read more -
There is limited room for European steel prices to rise, and it will take time for terminal demand to pick up
European GI Hot Dipped Galvanized Steel coil prices are currently on an upward trend. ArcelorMittal announced that the price of GI Galvanized Steel Coils is 850 euros per ton EXW (900 US dollars / ton), followed by other steel mills. basically remained stable. Part of the reason for the price inc...Read more -
Today a large number of IBC products are exported
On February 23, 2023, Tianjin Ruibao International Trading Co., Ltd. We are specialized in the production of steel lintel angles, fabricated H beam UC and UB, and the welded and stamping steel parts. So far we are sending lots of our products to Australia market, like galvanized angle lintel, ret...Read more -
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