On April 12, the factory price index of hot rolled steel coil in the Nordic region was 855 euros / ton, down 4.38 euros / ton week-on-week. According to Nordic market news, the Nordic hot rolled steel coil market this week is mainly light, suppliers release the latest quotations and buyers bid very little, most buyers believe that the current more feasible hot rolled steel coil factory transaction price of 830-860 euros / ton. At present, steel mills are generally more abundant in hand, so they still try to keep hot rolled steel coil quotations at a high level, some...

The UAE hot rolled steel coil import assessment price on April 11 was $675-720/ton (CFR), unchanged week-on-week. According to UAE market news, at the beginning of this week, India’s hot rolled steel coil to the mainstream bid price of the UAE was $725/ton (CFR), down $15-25/ton from last week; Japan’s hot rolled steel coil to the UAE mainstream bid price of 715 USD / ton (CFR), down 20-25 USD / ton from last week, at the beginning of this week did not hear that the UAE market has imported hot rolled steel coil orders actually transacted. On April 11, the...

Singapore rebar import prices continued to fall by $15/mt On April 10, the assessment price of Singapore rebar imports was $630/ton (CFR), down $15/ton week-on-week. According to Singapore market news, at the beginning of this week, a long-process mainstream steel mill in Vietnam rebar to Singapore was quoted at a price of 640 USD / ton (CFR) according to the weight of the export; At the beginning of the week, some overseas traders to Singapore quoted a mainstream export price of $640/mt (CFR). Last weekend, a Singaporean buyer ordered a batch of 25,000 tons of rebar from a mainstream Vietnamese...

Vietnam’s hot rolled steel coil import assessment price on April 7 was 665-675 US dollars / ton (CFR), which showed a slight downward trend from 665-680 US dollars / ton (CFR) US dollars / ton in the previous week (mainly refer to 2-3mm SAE1006 rerolled grade hot rolled steel coil and similar products). According to Vietnamese market news, the actual transaction of Vietnam’s imported hot rolled steel coil market last week was not much, and the overall trend continued to be light, and the current market bearish sentiment is heavier, and buyers are mostly in a wait-and-see state. Last week,...

Argentina produced 61104 light commercial vehicles and sedans in March, an increase of 26.1% compared to February 2022 and 25.4% compared to March 2022. From February to March, automobile exports increased by 35.3% to 32420 vehicles, a year-on-year increase of 31.7% compared to March 2022. Domestic sales in March were 38027 vehicles, an increase of 26.4% compared to February and 12.6% compared to March. According to Martin Galdino, Chairman of the Adefa Association of the Automobile Industry in the country, the data obtained by the industry in the first quarter confirms the upward trend predicted for 2023. He added that...

On April 5, the factory price index of hot rolled steel coil in the Nordic region was 859.38 euros / ton, up 15.63 euros / ton week-on-week. According to Nordic market news, the Nordic hot rolled steel coil market in the first half of this week is actually light, the current Nordic steel mill on the hot rolled steel coil order psychological price is about 900 euros / ton, but buyers generally believe that such a high price is unacceptable, and the evaluation of the current hot rolled steel coil order more reasonable factory transaction price in 840-860 euros /...

On April 3, Singapore’s rebar import assessment price was US$645/ton (CFR), a week-on-week decrease of US$15/ton. According to market news in Singapore, some overseas suppliers quoted USD 645/ton (CFR) for rebar export to Singapore earlier this week, and the delivery date is June. A Singapore trader said that the demand for rebar in Singapore was still relatively sluggish in the latest week, but it was slightly better than the previous week. End-user rebar purchases on construction sites increased, but the current end-user rebar inventory is still at a high level. It is expected that by the end of April 5...

Brazilian steelmaker CSN and its iron ore mining companion CSN Mineracao announced a $1.4bn economic mortgage with a group of banks led by using the Japan Bank for International Co-operation (JBIC). The time period of the contract is 12 years. The proceeds of the mortgage will be used to enlarge pellet feed grade iron ore manufacturing at the Casa de Pedra mine in the southeastern country of Minas Gerais, in accordance to CSN. The growth will consist of the development of a new iron sorting plant at the mine CSN delivered that the quit of the operation will rely on...

On March 31, Vietnam’s hot rolled steel coil import assessment price was 665-680 US dollars / ton (CFR), which showed a downward trend from 680 US dollars / ton (CFR) in the previous week (mainly referring to 2-3mm SAE1006 re-rolled grade hot coil and similar products). According to Vietnamese market news, last week’s export quotation of SAE1006 hot rolled steel coil to Vietnam was mostly 665-680 US dollars / ton (CFR), there was a Chinese mainstream steel mill at the end of April delivery period of SAE1006 hot coil to Vietnam export quotation of 695 US dollars / ton (CFR),...

Liaoning Anshan Iron and Steel Co., Ltd. released its financial report for 2022, stating that its annual operating revenue was 131.072 billion yuan ($1.91 billion), a year-on-year decrease of 3.71%, and its net profit was 156 million yuan ($22.7 million)., A year-on-year decrease of 97.76%. In 2022, Angang Iron and Steel produced 26.23555 million tons of pig iron, crude steel, and steel, and 25.0838 million tons of crude steel, with year-on-year growth of 3.5%, 0.45%, and 1.14%. At the same time, the company’s sales of steel products reached 258.165 million tons, a year-on-year increase of 5.83%.