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NEWS-133 13Mar Steel News

Indonesia’s Slab Decline Expands, Hot Coil Supply Is Expected To Increase

This week, the latest quotation for slab from a mainstream steel plant in Indonesia is 540 USD/ton FOB, a decrease of 30 USD/ton from last week. At present, local demand in Indonesia is very sluggish, and there are relatively few slab transactions in the Southeast Asian region. Although the demand for Southeast Asian slabs in Europe has not significantly declined, inquiries from European buyers have decreased compared to before.Due to poor demand for sheet metal, Italian sheet metal prices have continued to weaken recently. Currently, the local market price for medium and thick sheet metal is about $808/ton EXW, while...
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What-do-we-mean-by-the-term-mild-steel-banner 13Mar STEEL

What do we mean by the term mild steel?

For example, “green steel” is often seen. For some people, it is just a marketing term with neither definition nor scope. You can use it whenever you want. But others believe that “green steel” is a term that requires certification. To use this term, it must cover the entire scope of sustainable development. Although these two groups of people are a bit extreme, how “green” does it need to be called “green steel”? Is the “green steel” I call “clean steel” or “zero carbon steel” what you call? Where exactly is the dividing line between “net zero carbon steel”, “zero...
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NEWS-132 30Jan Steel News

International Steel Market Daily: Under Cost Pressure, Tokyo Iron Works Raises Board Prices in February

Against the backdrop of tight domestic quotas and rising raw material prices, Tokyo Steel announced on January 29 that it will raise the prices of some sheet materials by 2000 yen/ton (14 US dollars/ton) in February, marking the company’s first increase since July 2023. Although the pace of demand recovery in local automotive and other manufacturing industries remains uneven, with generally low freight volumes, due to long-term procurement restrictions by steel mills, their distribution inventory is at a low level, and some sheet products are in short supply.The company has not yet adjusted the prices of construction steel, citing a...
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NEWS-131 15Jan Steel News

International Steel Market Daily: The Red Sea Crisis Continues To Heat Up, South American Plate Prices Rise Overall

On January 12th, the United States and Britain launched a joint attack on the Yemeni Husai armed forces, leading to further escalation of conflicts in the Red Sea region and continued pressure on freight costs. In addition, the month on month increase in mainstream export quotes from China has driven up the overall import prices of South American sheet materials this week. In this context, Brazilian National Steel Company (CSN) announced a price increase of 5.00-6.25% forย hot rolled steel coils,ย cold rolled steel coils, andย hot-dip galvanized coilsย starting from mid January. Considering that China’s steel exports to Brazil may decline this year,...
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NEWS-130 11Jan Steel News

International Steel City Daily: Tรผrkiye’s Rebar Prices Continue To Rise, And The Production Monitoring System Is Delayed

Recently, the price of rebar in Tรผrkiye has shown an upward trend, and the domestic sales volume has increased significantly. Some products have also been exported to Yemen. In Izmir, Tรผrkiye, the sales price of rebar is 610-615 dollars/ton EXW, and the export quotation of some steel mills is 630 dollars/ton FOB.After the earthquake on February 6, 2023, the General Administration of Mint and Printing of Tรผrkiye proposed and implemented a monitoring system to ensure that the production, testing and use of rebar comply with the safety standards of construction and taxation. According to the initial regulations of the system,...
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NEWS-129 10Jan Steel News

International Steel Market Daily: Local Oversupply, India’s Heatwave Reappears in The Vietnamese Market

At present, some Indian buyers have ended their holidays and returned to the trading market, but due to high inventory, local hot rolled coil transactions in India are still sluggish. Last week, localย hot rolled coilย prices in India decreased by approximately $24USD/MT on a week on week basis, with ex factory prices ranging from $661-673USD/MT EXW. As of the date of publication, prices remained stable. The trading atmosphere is poor, and considering profits, some Indian steel mills have expressed willingness to even lower prices to exportย hot rolled coilย in an effort to maintain local prices forย hot rolled coil. In such a fundamental...
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Detailed-price-introduction-of-Prepainted-Galvanized-Color-coated-Coils-banner 08Jan Galvanized Steet/Galvalume/PPGI/PPGL/ZAM

Detailed price introduction of Prepainted Galvanized Color-coated Coils

Prepainted Galvanized Color-coated Coilsย (PPGI)is an important metal material widely used in the fields of construction, home appliances, automobiles, etc. Its surface has the characteristics of beauty, durability, corrosion resistance, etc., so it is highly favored in the market. This article will provide a detailed introduction toย PPGI, including their manufacturing process, performance characteristics, application areas, and market prospects. 1, Manufacturing processPPGIย are formed from hot-dip galvanized steel plates as the substrate after surface coating treatment. The manufacturing process mainly includes the following steps:Hot dip galvanizing: After degreasing, cleaning, melting and other treatments, the steel plate is hot-dip galvanized in a zinc pot...
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NEWS-128 08Jan Steel News

International Steel Market Daily: JSW India Plans To Invest 650 Billion Rupees To Expand Production Capacity And Build India’s Largest Single Steel Plant

ย On January 5, 2024, JSW Utkal Steel, a subsidiary of JSW Steel, announced that it had obtained a document from the forest officials of the Rajanogor Mangrove Department in Orissa, India, and successfully obtained the legal right to use 2677.80 acres of forest land. This batch of land will be used to build a comprehensive steel plant with an annual crude steel production capacity of 13.2 million tons. In September 2023, JSW obtained the revised and conditional approval from the Indian Ministry of Environment, Forests and Climate Change. The total investment for this project, including the construction of related steel...
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The-difference-between-CRGO-and-CRNGO-banner 05Jan Silicon Steel

The difference between CRGO and CRNGO

1, The difference between CRGO and CRNGOCRGOย and CRNGO are commonly used silicon steel sheet materials inside transformers.ย CRGOย is cold-rolled oriented electrical steel, while CRNGO is cold-rolled non oriented electrical steel. Their difference lies in the difference in magnetic flux density and permeability.ย CRGOย has a higher magnetic flux density than CRNGO, but a lower magnetic permeability. This means that the magnetic permeability of CRGO is lower than that of CRNGO, but it also has higher energy conversion efficiency due to its high magnetic flux density.2, Differences in application scenariosCRGOย and CRNGO are commonly used to manufacture equipment such as transformers, motors, and generators. Due...
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NEWS-127 05Jan Steel News

Kocaer A1 plant in Tรผrkiye will stop production for two months

ย Kocaer Steel, a large steel profile and commercial bar producer in Tรผrkiye, will suspend the production of Aliaga A1 Plant during the second phase of the investment plan (January 5 to March 5), and conduct commissioning of the investment project to put new machinery and equipment into use.In order to achieve its growth goals for the next few years, the company is making strategic investments in renewable energy and high value-added new products, and has stated that all necessary preparations have been completed to ensure that production and delivery targets for 2024 will not be affected due to production suspensions.Previously,...
Read More
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NEWS-133 13Mar Steel News

Indonesia’s Slab Decline Expands, Hot Coil Supply Is Expected To Increase

This week, the latest quotation for slab from a mainstream steel plant in Indonesia is 540 USD/ton FOB, a decrease of 30 USD/ton from last week. At present, local demand in Indonesia is very sluggish, and there are relatively few slab transactions in the Southeast Asian region. Although the demand for Southeast Asian slabs in Europe has not significantly declined, inquiries from European buyers have decreased compared to before.Due to poor demand for sheet metal, Italian sheet metal prices have continued to weaken recently. Currently, the local market price for medium and thick sheet metal is about $808/ton EXW, while...
Read More
What-do-we-mean-by-the-term-mild-steel-banner 13Mar STEEL

What do we mean by the term mild steel?

For example, “green steel” is often seen. For some people, it is just a marketing term with neither definition nor scope. You can use it whenever you want. But others believe that “green steel” is a term that requires certification. To use this term, it must cover the entire scope of sustainable development. Although these two groups of people are a bit extreme, how “green” does it need to be called “green steel”? Is the “green steel” I call “clean steel” or “zero carbon steel” what you call? Where exactly is the dividing line between “net zero carbon steel”, “zero...
Read More
NEWS-132 30Jan Steel News

International Steel Market Daily: Under Cost Pressure, Tokyo Iron Works Raises Board Prices in February

Against the backdrop of tight domestic quotas and rising raw material prices, Tokyo Steel announced on January 29 that it will raise the prices of some sheet materials by 2000 yen/ton (14 US dollars/ton) in February, marking the company’s first increase since July 2023. Although the pace of demand recovery in local automotive and other manufacturing industries remains uneven, with generally low freight volumes, due to long-term procurement restrictions by steel mills, their distribution inventory is at a low level, and some sheet products are in short supply.The company has not yet adjusted the prices of construction steel, citing a...
Read More
NEWS-131 15Jan Steel News

International Steel Market Daily: The Red Sea Crisis Continues To Heat Up, South American Plate Prices Rise Overall

On January 12th, the United States and Britain launched a joint attack on the Yemeni Husai armed forces, leading to further escalation of conflicts in the Red Sea region and continued pressure on freight costs. In addition, the month on month increase in mainstream export quotes from China has driven up the overall import prices of South American sheet materials this week. In this context, Brazilian National Steel Company (CSN) announced a price increase of 5.00-6.25% forย hot rolled steel coils,ย cold rolled steel coils, andย hot-dip galvanized coilsย starting from mid January. Considering that China’s steel exports to Brazil may decline this year,...
Read More
NEWS-130 11Jan Steel News

International Steel City Daily: Tรผrkiye’s Rebar Prices Continue To Rise, And The Production Monitoring System Is Delayed

Recently, the price of rebar in Tรผrkiye has shown an upward trend, and the domestic sales volume has increased significantly. Some products have also been exported to Yemen. In Izmir, Tรผrkiye, the sales price of rebar is 610-615 dollars/ton EXW, and the export quotation of some steel mills is 630 dollars/ton FOB.After the earthquake on February 6, 2023, the General Administration of Mint and Printing of Tรผrkiye proposed and implemented a monitoring system to ensure that the production, testing and use of rebar comply with the safety standards of construction and taxation. According to the initial regulations of the system,...
Read More
NEWS-129 10Jan Steel News

International Steel Market Daily: Local Oversupply, India’s Heatwave Reappears in The Vietnamese Market

At present, some Indian buyers have ended their holidays and returned to the trading market, but due to high inventory, local hot rolled coil transactions in India are still sluggish. Last week, localย hot rolled coilย prices in India decreased by approximately $24USD/MT on a week on week basis, with ex factory prices ranging from $661-673USD/MT EXW. As of the date of publication, prices remained stable. The trading atmosphere is poor, and considering profits, some Indian steel mills have expressed willingness to even lower prices to exportย hot rolled coilย in an effort to maintain local prices forย hot rolled coil. In such a fundamental...
Read More
Detailed-price-introduction-of-Prepainted-Galvanized-Color-coated-Coils-banner 08Jan Galvanized Steet/Galvalume/PPGI/PPGL/ZAM

Detailed price introduction of Prepainted Galvanized Color-coated Coils

Prepainted Galvanized Color-coated Coilsย (PPGI)is an important metal material widely used in the fields of construction, home appliances, automobiles, etc. Its surface has the characteristics of beauty, durability, corrosion resistance, etc., so it is highly favored in the market. This article will provide a detailed introduction toย PPGI, including their manufacturing process, performance characteristics, application areas, and market prospects. 1, Manufacturing processPPGIย are formed from hot-dip galvanized steel plates as the substrate after surface coating treatment. The manufacturing process mainly includes the following steps:Hot dip galvanizing: After degreasing, cleaning, melting and other treatments, the steel plate is hot-dip galvanized in a zinc pot...
Read More
NEWS-128 08Jan Steel News

International Steel Market Daily: JSW India Plans To Invest 650 Billion Rupees To Expand Production Capacity And Build India’s Largest Single Steel Plant

ย On January 5, 2024, JSW Utkal Steel, a subsidiary of JSW Steel, announced that it had obtained a document from the forest officials of the Rajanogor Mangrove Department in Orissa, India, and successfully obtained the legal right to use 2677.80 acres of forest land. This batch of land will be used to build a comprehensive steel plant with an annual crude steel production capacity of 13.2 million tons. In September 2023, JSW obtained the revised and conditional approval from the Indian Ministry of Environment, Forests and Climate Change. The total investment for this project, including the construction of related steel...
Read More
The-difference-between-CRGO-and-CRNGO-banner 05Jan Silicon Steel

The difference between CRGO and CRNGO

1, The difference between CRGO and CRNGOCRGOย and CRNGO are commonly used silicon steel sheet materials inside transformers.ย CRGOย is cold-rolled oriented electrical steel, while CRNGO is cold-rolled non oriented electrical steel. Their difference lies in the difference in magnetic flux density and permeability.ย CRGOย has a higher magnetic flux density than CRNGO, but a lower magnetic permeability. This means that the magnetic permeability of CRGO is lower than that of CRNGO, but it also has higher energy conversion efficiency due to its high magnetic flux density.2, Differences in application scenariosCRGOย and CRNGO are commonly used to manufacture equipment such as transformers, motors, and generators. Due...
Read More
NEWS-127 05Jan Steel News

Kocaer A1 plant in Tรผrkiye will stop production for two months

ย Kocaer Steel, a large steel profile and commercial bar producer in Tรผrkiye, will suspend the production of Aliaga A1 Plant during the second phase of the investment plan (January 5 to March 5), and conduct commissioning of the investment project to put new machinery and equipment into use.In order to achieve its growth goals for the next few years, the company is making strategic investments in renewable energy and high value-added new products, and has stated that all necessary preparations have been completed to ensure that production and delivery targets for 2024 will not be affected due to production suspensions.Previously,...
Read More
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