News
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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 -
Inventory pressure is gradually emerging, steel market is not confident enough to wait for demand to exert force
Although the market temporarily stopped the impact of the market decline caused by the negative impact of US CPI data and interest rate hikes, black futures rebounded slightly overnight to correct the market. However, the market mentality is still unstable, and there are many people who have di...Read more -
Impact on Steel Prices and Supply
With an annual capacity of 1.5 million short tons, the pending closure will narrow overall U.S. capacity. That said, the domestic market continues to grapple with a supply glut. This issue has led to falling prices for HRC, CRC and HDG since late April. Beyond that, new capacity continues to come...Read more -
Prices rise, market uncertain.
S hot-rolled coil (HRC) prices increased slightly this week as the market remained uncertain of direction amid continued subdued demand. The Argus weekly domestic US HRC Midwest assessment increased by $20/short ton (st) to $800/st, while the southern assessment edged up by $2.25/st to $800/st. H...Read more -
Chinese steel prices remain range bound
According to the latest monthly report of the China Iron and Steel Association (CISA), Chinese steel prices should remain range-bound in the future, given market expectations that supply and demand will be in balance again. The association pointed out that with the steady recovery of China’...Read more -
The age of green steel is coming
The world would look very different without steel. No railways, bridges, bikes or cars. No washing machines or fridges. Most advanced medical equipment and mechanical tools would be almost impossible to create. Steel is essential for the circular economy, and yet some policymakers and NGOs contin...Read more -
How to prevent the development of wet storage stain or white rust?
To avoid the likelihood of wet storage stain developing, please follow the instructions : 1.Don’t stack newly galvanized articles on top of each other, and don’t store them too close together 2.Store inside if possible, off the ground and at an incline 3.Ensure there is plenty of free-flowing air...Read more -
What is the white rust on galvanized steel?
While wet storage stain or ‘white rust’ rarely impairs the protective ability of a galvanized coating, it’s an aesthetic blight that’s fairly easy to avoid. Wet storage stain occurs when freshly galvanized materials are exposed to moisture such as rain, dew or condensation (high humidity), and re...Read more -
TO Foresee Steel Market Trend
GlobalGrowth On China, BHP expects demand to improve in fiscal 2023, although it also nodded to lingering risks from Covid-19 lockdowns and the deep slump in construction. The world’s No.2 economy will be a source of stability in the coming year and “perhaps something much more than that” if prop...Read more -
Investment on Solar Energy increasing
IEA report, global energy investment will grow by 8% in 2022, surpassing the 300GW mark for the first time, reaching $2.4 trillion, accounting for nearly three-quarters of the overall energy investment growth. Solar energy is expected to account for 60% of global renewable energy additions this y...Read more
