News
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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 -
Pipe factory prices generally lower expected today welded pipe prices or shock weaker
At present, the output of welded pipe increases slightly, the operating rate of welded pipe factory decreases slightly, the market replenishment enthusiasm is not good, and the inventory in the factory rises synchronously. As the epidemic continues to ferment, the downstream and terminal demand...Read more -
North China disc buckle steel pipe scaffold price down market wait-and-see atmosphere strong
This week in North China 145 narrow-band price shock down, weekly year-on-year down 100-150 yuan/ton, the overall mentality of the market deviation. Up to now, the average price of 2.5m vertical pole in North China is 5730 yuan/ton, 81.54 yuan/ton lower than the same period last week. In recent...Read more -
Russian hot roll export price pressure,Asian resources competitive advantage is obvious
Recently, Russian hot roll export price at $560/ ton FOB Black Sea, month-on-month down $20/ ton. According to Mysteel, Russian hot coil export prices peaked in early September and late October (around $600/ ton) and have fallen since then. The current price hovers aroun...Read more -
Southeast Asia manufacturing export orders slip sheet demand light
Today, the steel price in China is weak. The export price of hot coil of some steel mills is reduced to about 520 USD/ton FOB. The counter price of Southeast Asian buyers is generally below 510 USD/ton CFR, and the transaction is quiet. Recently, the purchasing intention of Southeast Asian mercha...Read more -
Asian resource competition, Brazilian slab export quotation falls
Brazilian slab exports are now around $570-580 / ton FOB, down about $10 / ton on a week-on-week basis due to competing resource offers from Asia. At present, some Brazilian slab exporters are quoted as low as US $560-575 / ton FOB, about US $640-650 / ton CFR Italy, while some sources from Indo...Read more -
European steel market multi – pressure
European steel market for a period of time because of a variety of factors, transaction is not active. Unprecedented energy costs are putting increasing pressure on steel prices, while weakness in key steel consumer sectors and inflationary pressures are eating into the profits of Europe’...Read more -
Southeast Asia long timber price drop China wire export advantages outstanding
Recently, the import and export prices of long timber in Southeast Asia fell. Due to the lack of demand, some steel mills in Vietnam and Malaysia have lowered the price to ease the sales pressure. It is reported that, in accordance with the price, Malaysia offers Singapore rebar about 580-585 US...Read more -
Some large steel mills in Asia cut the export price of sheet metal
Formosa Ha Tinh, a large Vietnamese steel mill, on Friday cut the price of its SAE1006 hot coil for delivery in December to $590 per tonne CFR Vietnam home. Although down about $20 a ton from November delivery, prices are still high in Asia. At present, the export price of mainstream SS400 hot v...Read more -
After the Chinese plate export price is generally stable
Enquiries from overseas have picked up after China’s National Day holiday. According to Mysteel, some large domestic steel mills basically maintain the quotation level before the festival. At present, the export transaction price of SS400 hot volume from Northern Steel mills is $570 / ton F...Read more -
Part of the steel variety quota exhausted,the European Union sanctions Russia semi-finished materials
Just a week after the latest EU quotas were issued on October 1, the three countries have already exhausted their quotas for some steel varieties and 50 percent of some steel varieties, which are scheduled to last three months until December 31. Turkey had already exhausted its rebar import quo...Read more -
Russian steel export flows to transform the market price differentiation
Seven months after sanctions imposed by the US and Europe made it difficult to export Russian steel, the flow of trade to supply the global steel market is changing. At present, the market is basically divided into two categories, low price variety market (mainly Russian steel) and high price var...Read more -
The continued weakening of the yuan pulled down the FOB price in September orders overall improved
The dollar traded above 7.2 against both the onshore and offshore yuan, with the dollar hitting a 14-year high of 7.2305 against the onshore yuan. Affected by this, the USD price of China’s steel export fell slightly today, although the domestic trade price of various varieties is stable an...Read more -
Steel market price forecast this week
According to Mysteel research, 237 traders traded 188,000 tons of construction steel per day last week, up 24% week on week, indicating that there is a stock demand in the downstream before the National Day holiday, and the overall volume performance is good. On September 26, the volume of cons...Read more -
Multiple suppliers
While using a single supplier has its advantages (for example, you can create a close business relationship that benefits both parties), it also has its risks. If your supplier goes out of business or fails to deliver, your business will suffer. You should consider building relationships with mul...Read more -
Stand firm at the key support level, the ferrous metals have not yet ended the long layou
Affected by more news from the outside, the opening trend was not good, and it remained low and fluctuated. However, due to the stimulation of the news during the session, and some short sellers left the market, futures rose in the afternoon. The spot quotations in the day were different, some of...Read more