World Steel Output Remains Weak
With 145.3 million tonnes produced, crude steel production in the 63 nations tracked by worldsteel was down 3.3% from a year ago but up from...
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EU Coil Prices Face Uncertainty
Several mills have reportedly adopted ArcelorMittal’s hot-rolled coil price announcement of €820/t ($877), according to a Dutch service center buyer. According to him, delivery timeframes...
Billet Import Prices in Southeast Asia Have Quickly Bounced Back
Blast furnace billet import bookings continued through early last week at less than $600 per ton ex-Manila. Open-origin ASEAN/Chinese 3sp/5sp 150mm billet, according to a...
Taiwanese Scrap Prices Fall On Increasing Supply
The price for containerized US-origin HMS 1&2 80:20 was $420/t cfr Taiwan, which was unchanged from the previous week. Deals were, however, reported earlier this...
Bahrain-based Sulb Sections Are Free From Import Taxes in Saudi
The buyers have received an email informing them that they are exempt from issuing a payment guarantee or paying import duty until June 2023. This...
Poland Scrap Traders Replace Turkish Market With Exports To India
Exports to Bangladesh increased 158% to 144,326t, while shipments to India witnessed an unusually significant increase, from 56,364t to 236,225t. Nevertheless, shipments to Pakistan decreased...
In Spite Of The Euro-dollar Instability, Indian HRC Export Offers Gains
10,000 tonnes of structural grade HRC were sold last week by a tier-1 Indian mill to Italy and Antwerp for $800–805 per tonne cfr, netting...
The Anti Dumping Committee Of Indonesia This Week Launched A Sunset Review Investigation On Hot Rolled Coils
This week, the Indonesian Anti-dumping Committee began an investigation into hot rolled coil imports from China, India, Russia, Belarus, Kazakhstan, Taiwan, and Thailand. This is...
Last Week, The Southeast Asian Billet Import Market Gained Traction
Due to weak regional demand, regional mills’ target offer prices continue to be out of reach for consumers. On February 2, a 10,000-tonne cargo of...
Prices For Hot Rolled Coils in The Gulf Cooperation Council Are Falling, Especially For Those With Chinese Origin
The GCC’s regular buyers of Indian mills aren’t getting rates from them. The cost of HRC has dropped by $10–$15 per tonne this week compared...
Last Week, The Southeast Asian Billet Import Market Gained Traction
Due to weak regional demand, regional mills’ target offer prices continue to be out of reach for consumers. On February 2, a 10,000-tonne cargo of...
Saudi Stainless Steel Seamless Pipe Manufacturing Project Started
The King Salman Energy Park (SPARK) in northern Saudi Arabia is the site of the groundbreaking for SeAH Gulf Special Steel Industries (SeAH GSI), a...
