News
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Our advantage in Steel Angle
Our strengths in the steel industry are unrivaled, and we pride ourselves on being our customers’ first choice for high-quality steel. We, Tianjin Rainbow Steel Group, have been involved in the steel manufacturing industry since 2000. After years of development, we have developed into a lea...Read more -
India’s leading steel mills continue to increase bullish sentiment in the market outlook
To boost sentiment in the domestic market, India’s JSW Steel and ArcelorMittal Nippon Steel India (AM/NS India) raised their Hot coil offer prices by INR 1,000/ton ($12/ton). After the price adjustment, the quotation of JSW hot coil is 61,500-61,750 Indian rupees/ton (752-755 US dollars/ton...Read more -
The price of domestic hot coils in Europe is stable, and the competitiveness of imported resources is increasing
Market transactions were slow this week due to the European Easter holiday (April 1-April 4). Nordic mills once wanted to raise the price of Hot Coil to €900/t EXW ($980/t), but the feasible price is expected to be around €840-860/t. Affected by the two fires, some of ArcelorMittal’s Steel...Read more -
Steel prices in Southeast Asia slow down, Chinese steel mills start export orders in June
Recently, Steel prices in some overseas regions continue to show a slight downward trend. In the past month, most Middle Eastern merchants have mainly purchased Chinese plate resources, and the price advantage of Russian Plate is not obvious. As of last Friday, the mainstream S235JR Hot Coil expo...Read more -
Overseas hot coil prices are weakening, leading Indian steel mills may continue to increase
The demand for Hot Rolled watches continued to rise this week, and it is expected to hit the peak next week. The speed of destocking is difficult to increase significantly in the short term, and the pressure on supply and demand balance may accumulate. At present, downstream consumption is relat...Read more -
European steel mills have a strong bullish sentiment, and the export market is not competitive enough
European steelmakers withdrew their quotations for domestic Hot Rolled Coil issued to the market on March 28 due to plans to increase the market price of hot coils, and are expected to increase the ex-factory price of hot coils to about 900 euros/ton. Due to the tight supply caused by the shutdo...Read more -
The price advantage of China’s plate resources is obvious
Recently, overseas steel prices continue to run at a high level.In Southeast Asia, Vietnam’s two leading steelmakers, Formosa Plastics and Hefa Iron and Steel, delivered local SAE1006 Hot coil delivery prices in May above US$700/ton CIF. Last week, some large Chinese steel mills lowered the...Read more -
Should the increase be insufficient, European steel prices will rise steadily
It is reported that due to factors such as low domestic supply, good order volume, long delivery cycle and small quantity of imported resources, the prices of cold rolling and Hot Dipped Galvanized in various parts of Europe have further risen this week, and the production volume of most Steel mi...Read more -
Imports of long products in Southeast Asia maintain light rebar quotations and run steadily
This week, the import price of rebar Steel in Southeast Asia has risen compared with last week, but the overall transaction is still light. On the 21st, the import price of rebar in Southeast Asia was estimated at US$650/ton CFR, an increase of US$10/ton from last week. According to market news, ...Read more -
HRC supply in Europe is still tight and prices are expected to continue to rise
ArcelorMittal has recently raised its Hot Rolled Steel Coil prices, other mills are not active in the market, and the market generally believes that prices will rise further. At present, ArcelorMittal quotes the local hot coil price for June shipment at 880 euros/ton EXW Ruhr, which is 20-30 euro...Read more -
HRC supply in Europe is still tight and prices are expected to continue to rise
ArcelorMittal has recently raised its Hot Rolled Steel Coil prices, other mills are not active in the market, and the market generally believes that prices will rise further. At present, ArcelorMittal quotes the local hot coil price for June shipment at 880 euros/ton EXW Ruhr, which is 20-30 euro...Read more -
It will take time for the European steel price to rise enough to drive demand to recover
European Hot coil producers are optimistic about the expectation of price rise, which will support the expectation of price rise in the future. Traders will replenish their stocks in March, and the transaction price of small tonnage is expected to be 820 euros/ton EXW, considering that the termi...Read more -
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
