NEWS-126 Steel News

International Steel Market Daily: Russia’s Active Export Of Finished Sheet Metal And Slab Trading Remains Sluggish

Recently, the export market of Russian sheet metal has been trading actively. Due to the turbulent situation in the Red Sea, the hot rolled coils from nearby importing countries are more concerned by Tรผrkiye’s traders than those from far away in China, which has provided some support for the rise in prices of related resources.The tradable price of the export resources of hot rolled coils from the Commonwealth of Independent States in Tรผrkiye is between 595-620 dollars/ton FOB, a slight increase of 5-10 dollars/ton compared with last week. In addition, a batch of cold rolled coils from Russia were exported...
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Detailed-Introduction-to-Pure-Aluminum-Plate-1060-Aluminum-Alloy-banner Aluminum

Detailed Introduction to Pure Aluminum Plate 1060 Aluminum Alloy

Many people in the aluminum industry have been exposed to 1060 aluminum plates. 1060 aluminum plate is relatively common in the 1 series aluminum alloy plate, and currently accounts for about 30% of the market’s sales. Especially, 1060 aluminum plate belongs to pure aluminum plate, which has good insulation performance and relatively high aluminum content, because pure aluminum plate 1060 is also very popular in the insulation industry. 1.What is pure aluminum plate 1060? 1060 aluminum plate, with an aluminum content of over 99.60%, according to national standards. The aluminum plate and strip processing and production at the beginning of...
Read More
NEWS-125 Steel News

International Steel Market Daily: The Escalating Tensions in The Red Sea Have Hindered China’s Steel Exports

According to Mysteel, the recent tense situation in the Red Sea region has had a serious impact on China’s steel exports. Due to the attack by the Hussein organization, ships on the Red Sea route were suspended, which not only led to an increase in export costs but also affected steel orders for exporters and affected areas. Some ships are forced to divert to South Africa, and carriers who choose not to do so will face an additional 15% fee. Affected by the situation, the willingness of Chinese steel exporters to trade with Middle Eastern buyers has decreased, and shipping...
Read More
NEWS-124 Steel News

International Steel Market Daily: China’s Hot Coil Price Advantage Is Obvious. Some Steel Mills Start Shipping in March To Accept Export Orders

Today, the price of Chinese hot coils is stable and trending towards strength. As of the time of publication, the spot price of mainstream 3.0 hot coils in Shanghai is 4170 yuan/ton (584 US dollars).In terms of exports, the export quotations of large steel mills are all above 580 US dollars/ton FOB, which has some room for negotiation. Some steel mills are starting to accept export orders for the March shipping schedule next year. According to feedback from a Southeast Asian merchant to Mysteel, as the end of the year approaches and there are more holidays, although the demand for...
Read More
NEWS-123 Steel News

Import Dependence Is Temporarily Difficult To Alleviate. The 12th Round Of EU Sanctions Extends The Quota Period For Russian Slab Production

On December 18, 2023, the European Commission released details on the twelfth round of sanctions against Russia. Among them, the European Commission extended the quota for slab imports until September 30, 2028, and the ban on importing billets remained unchanged. Starting from April 1, 2024, the import of billets originating from Russia was prohibited.According to the documents of the European Commission, there are four stages of changes in the Russian slab quota from 2024 to 2028. The quota is 3.185 million tons from October 1, 2024 to September 30, 2023, 2.998 million tons from October 1, 2025 to September 30,...
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NEWS-122 Steel News

International Steel City Daily: Seasonal Factor Challenges Hit Tรผrkiye’s Rebar Market Fell Into A Downturn

Recently, influenced by seasonal factors, the demand for rebar in Tรผrkiye has slowed down and the market has fallen into a downturn. At present, the mainstream price of rebar in Tรผrkiye is US $610-620/ton FOB, the higher price of some resources is US $640/FOB, and the tradable price is US $600-610/ton FOB. No transaction has been heard yet. To stimulate consumption, some steel mills are willing to reach deals at lower prices. However, due to high raw material costs, the currently acceptable lowest price in the market remains at $600/ton FOB. In addition, some traders have stated that compared to...
Read More
NEWS-121 Steel News

Russia Remains Tรผrkiye’s Largest Semi Finished Timber Supplier

According to the latest monthly data of Tรผrkiye Institute of Statistics (TUIK), Tรผrkiye’s total imports of semi finished timber in October fell 22% year-on-year to 352500 tons. However, as of the first nine months of 2023, the total import volume still increased by 46% year-on-year, reaching 4.6 million tons. Until October, Russia was still Tรผrkiye’s largest semi finished timber supplier. In October, the supply was 191300 tons, up 37% year on year, lower than 338000 tons in the same period last year.The European Union announced on June 23 that steel imported into the EU must prove that its materials are...
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NEWS-120 Steel News

International Steel Market Daily: China’s Steel Prices Remain Stable, With No Improvement in Newly Signed Export Orders

Today, the price trend of Chinese hot coils is generally stable. As of the time of publication, the spot price of mainstream 3.0 hot coils in Shanghai is 4150 yuan/ton (578 US dollars), indicating a slight lack of market confidence.In terms of exports, there is currently a significant differentiation in steel mill quotations. Large state-owned steel mills generally offer hot coil prices above $590/ton FOB, while some private steel mills offer prices around $565/ton FOB. There are a few orders completed during the February shipping schedule. Overall, the purchasing enthusiasm of overseas buyers has declined to a certain extent. On...
Read More
NEWS-119 Steel News

International Steel Market Daily: Significant Price Differentiation Of Rebar in The UAE Domestic Market, Market Pessimism Spreading

ย Recently, the imported rebar prices in the United Arab Emirates have remained stable, but due to a slowdown in buyer demand to avoid year-end inventory accumulation, the local price range has expanded, mainly through rigid demand procurement.During the local National Day holiday, the market closed on December 4th, and it is expected that steel mills will end their bookings this week. It is reported that the listed price of rebar for delivery to the UAE domestic benchmark steel plant (UAE Steel Company) in December is 710 USD/ton EXW Dubai, with a slightly lower tradable price of approximately 685 USD/ton EXW...
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NEWS-118 Steel News

International Steel City Daily: The Cost Of Raw Materials Remains High, And The International Competitiveness Of Tรผrkiye’s Resources Continues To Decline

Recently, supported by the cost of raw materials, the rebar price in Tรผrkiye continues to run at a high level. At present, most of Tรผrkiye’s steel mills are quoted at USD 585-595/ton FOB, while one steel mill in Marmara region is quoted at USD 605/ton FOB. Under current market conditions, the transaction price of rebar exported from Tรผrkiye is 590-595 dollars/ton FOB. Israel, Yemen and some South American countries can accept a transaction price of 580 US dollars/ton FOB, but Tรผrkiye traders believe that in the case of high cost of scrap and other raw materials, the transaction possibility of...
Read More
NEWS-126 Steel News

International Steel Market Daily: Russia’s Active Export Of Finished Sheet Metal And Slab Trading Remains Sluggish

Recently, the export market of Russian sheet metal has been trading actively. Due to the turbulent situation in the Red Sea, the hot rolled coils from nearby importing countries are more concerned by Tรผrkiye’s traders than those from far away in China, which has provided some support for the rise in prices of related resources.The tradable price of the export resources of hot rolled coils from the Commonwealth of Independent States in Tรผrkiye is between 595-620 dollars/ton FOB, a slight increase of 5-10 dollars/ton compared with last week. In addition, a batch of cold rolled coils from Russia were exported...
Read More
Detailed-Introduction-to-Pure-Aluminum-Plate-1060-Aluminum-Alloy-banner Aluminum

Detailed Introduction to Pure Aluminum Plate 1060 Aluminum Alloy

Many people in the aluminum industry have been exposed to 1060 aluminum plates. 1060 aluminum plate is relatively common in the 1 series aluminum alloy plate, and currently accounts for about 30% of the market’s sales. Especially, 1060 aluminum plate belongs to pure aluminum plate, which has good insulation performance and relatively high aluminum content, because pure aluminum plate 1060 is also very popular in the insulation industry. 1.What is pure aluminum plate 1060? 1060 aluminum plate, with an aluminum content of over 99.60%, according to national standards. The aluminum plate and strip processing and production at the beginning of...
Read More
NEWS-125 Steel News

International Steel Market Daily: The Escalating Tensions in The Red Sea Have Hindered China’s Steel Exports

According to Mysteel, the recent tense situation in the Red Sea region has had a serious impact on China’s steel exports. Due to the attack by the Hussein organization, ships on the Red Sea route were suspended, which not only led to an increase in export costs but also affected steel orders for exporters and affected areas. Some ships are forced to divert to South Africa, and carriers who choose not to do so will face an additional 15% fee. Affected by the situation, the willingness of Chinese steel exporters to trade with Middle Eastern buyers has decreased, and shipping...
Read More
NEWS-124 Steel News

International Steel Market Daily: China’s Hot Coil Price Advantage Is Obvious. Some Steel Mills Start Shipping in March To Accept Export Orders

Today, the price of Chinese hot coils is stable and trending towards strength. As of the time of publication, the spot price of mainstream 3.0 hot coils in Shanghai is 4170 yuan/ton (584 US dollars).In terms of exports, the export quotations of large steel mills are all above 580 US dollars/ton FOB, which has some room for negotiation. Some steel mills are starting to accept export orders for the March shipping schedule next year. According to feedback from a Southeast Asian merchant to Mysteel, as the end of the year approaches and there are more holidays, although the demand for...
Read More
NEWS-123 Steel News

Import Dependence Is Temporarily Difficult To Alleviate. The 12th Round Of EU Sanctions Extends The Quota Period For Russian Slab Production

On December 18, 2023, the European Commission released details on the twelfth round of sanctions against Russia. Among them, the European Commission extended the quota for slab imports until September 30, 2028, and the ban on importing billets remained unchanged. Starting from April 1, 2024, the import of billets originating from Russia was prohibited.According to the documents of the European Commission, there are four stages of changes in the Russian slab quota from 2024 to 2028. The quota is 3.185 million tons from October 1, 2024 to September 30, 2023, 2.998 million tons from October 1, 2025 to September 30,...
Read More
NEWS-122 Steel News

International Steel City Daily: Seasonal Factor Challenges Hit Tรผrkiye’s Rebar Market Fell Into A Downturn

Recently, influenced by seasonal factors, the demand for rebar in Tรผrkiye has slowed down and the market has fallen into a downturn. At present, the mainstream price of rebar in Tรผrkiye is US $610-620/ton FOB, the higher price of some resources is US $640/FOB, and the tradable price is US $600-610/ton FOB. No transaction has been heard yet. To stimulate consumption, some steel mills are willing to reach deals at lower prices. However, due to high raw material costs, the currently acceptable lowest price in the market remains at $600/ton FOB. In addition, some traders have stated that compared to...
Read More
NEWS-121 Steel News

Russia Remains Tรผrkiye’s Largest Semi Finished Timber Supplier

According to the latest monthly data of Tรผrkiye Institute of Statistics (TUIK), Tรผrkiye’s total imports of semi finished timber in October fell 22% year-on-year to 352500 tons. However, as of the first nine months of 2023, the total import volume still increased by 46% year-on-year, reaching 4.6 million tons. Until October, Russia was still Tรผrkiye’s largest semi finished timber supplier. In October, the supply was 191300 tons, up 37% year on year, lower than 338000 tons in the same period last year.The European Union announced on June 23 that steel imported into the EU must prove that its materials are...
Read More
NEWS-120 Steel News

International Steel Market Daily: China’s Steel Prices Remain Stable, With No Improvement in Newly Signed Export Orders

Today, the price trend of Chinese hot coils is generally stable. As of the time of publication, the spot price of mainstream 3.0 hot coils in Shanghai is 4150 yuan/ton (578 US dollars), indicating a slight lack of market confidence.In terms of exports, there is currently a significant differentiation in steel mill quotations. Large state-owned steel mills generally offer hot coil prices above $590/ton FOB, while some private steel mills offer prices around $565/ton FOB. There are a few orders completed during the February shipping schedule. Overall, the purchasing enthusiasm of overseas buyers has declined to a certain extent. On...
Read More
NEWS-119 Steel News

International Steel Market Daily: Significant Price Differentiation Of Rebar in The UAE Domestic Market, Market Pessimism Spreading

ย Recently, the imported rebar prices in the United Arab Emirates have remained stable, but due to a slowdown in buyer demand to avoid year-end inventory accumulation, the local price range has expanded, mainly through rigid demand procurement.During the local National Day holiday, the market closed on December 4th, and it is expected that steel mills will end their bookings this week. It is reported that the listed price of rebar for delivery to the UAE domestic benchmark steel plant (UAE Steel Company) in December is 710 USD/ton EXW Dubai, with a slightly lower tradable price of approximately 685 USD/ton EXW...
Read More
NEWS-118 Steel News

International Steel City Daily: The Cost Of Raw Materials Remains High, And The International Competitiveness Of Tรผrkiye’s Resources Continues To Decline

Recently, supported by the cost of raw materials, the rebar price in Tรผrkiye continues to run at a high level. At present, most of Tรผrkiye’s steel mills are quoted at USD 585-595/ton FOB, while one steel mill in Marmara region is quoted at USD 605/ton FOB. Under current market conditions, the transaction price of rebar exported from Tรผrkiye is 590-595 dollars/ton FOB. Israel, Yemen and some South American countries can accept a transaction price of 580 US dollars/ton FOB, but Tรผrkiye traders believe that in the case of high cost of scrap and other raw materials, the transaction possibility of...
Read More