On November 22, 2023, the Australian Anti dumping Committee issued Announcement 2023/082, stating that the second anti-dumping sunset review investigation was launched against hot rolled structural steel sections imported from Japan, South Korea, Thailand and Taiwan, China, China, in response to the application of OneSteelManufacturing Pty Limited (trade name: Liberty PrimarySteel), a domestic enterprise in Australia. The dumping investigation period in this case is from October 1, 2022 to September 30, 2023, and the injury investigation period is from October 1, 2019 to September 30, 2023. The Australian customs codes for the products involved are 7216.31.030, 7216.32.031, 7216.33.032, 7216.40.0033, 7228.70.0011,...

Recently, Nippon Steel, the leading steel plant in Japan, announced that it will conduct maintenance on the hot coil rolling mill in February 2024, which will reduce its hot coil production by about 160000 tons. The average monthly export volume of the company is between 500000 and 600000 tons, and the export quota will be further reduced after the shutdown and maintenance of the rolling mill. Considering the high cost of raw materials and the squeeze on steel mill profits, the company has raised the export price of hot coils by $50/ton to $700/ton CFR EU and $600-630/ton CFR Asia,...

Mysteel learned that weak market demand and rising input costs have been putting pressure on steel pricing of Türkiye’s steel mills. Despite the continuous downturn in demand, rebar producers still maintain high quotations against the background of high scrap import prices in Türkiye.Recently, a company based in Marmara booked an order for HMS1&2 (90:10) from a US scrap exporter for $393 per ton of CFR, and also confirmed a Baltic origin transaction for $385 per ton of CFR. After new orders from the United States and the Baltic Sea were confirmed, suppliers continued to maintain a bullish attitude, and the...

Mysteel learned that recently, with the appreciation of the RMB, the export prices of Chinese hot coils have continued to rise. The export quotation of Chinese steel mills is about 564-580 US dollars per ton FOB, with a weekly increase of about 20 US dollars per ton.Mysteel estimates that the price of China’s export heatwave today is between 548-564 US dollars per ton FOB, an increase of 5 US dollars per ton compared to the previous day. Recently, due to the rise of the RMB exchange rate, reaching a new high in nearly four months, the economic fundamentals have been...

In recent years, Malaysia’s steel production capacity has continued to grow, but its demand growth has significantly slowed down, and the industry is in a state of overcapacity. According to data released by the World Iron and Steel Association, Malaysia’s crude steel production capacity in 2022 was approximately 17 million tons, with a consumption of only 7.5 million tons. The pressure on production capacity of steel products such as threaded steel, construction wire rods, and cold rolling is increasing. On November 14th, Liu Zhendong, Deputy Minister of Investment, Trade and Industry (MITI) of Malaysia, stated that in order to reassess...

In November, the scrap import price of Türkiye rose significantly. Last Friday (November 10), Mysteel heard that two exports of heavy waste HMS 1&2 80:20 resources from the West Coast of the United States were sold to steel mills in southwest Türkiye at a price of 379-379.5 dollars/ton CFR. According to Mysteel’s understanding, the export price of the US/Baltic HMS 1&280:20 is mainly about 379-380 US dollars/ton CFR Türkiye, up about 14 US dollars/ton from the end of October. Mysteel also heard that last week, the transaction price of heavy waste HMS 1&2 80:20 in Europe was $373/ton CFR Marmara,...

Today, China’s steel prices are generally stable. As of press release, the mainstream spot hot coil price for Q235 in Shanghai is 3930 yuan/ton (539 US dollars), indicating a slight lack of market confidence.In terms of exports, currently, the export prices of ordinary coils from large steel mills in the north are higher than 550 US dollars/ton FOB, and the markup for SAE1006 material hot coils is between 15 and 20 US dollars, with very limited counteroffer space. The main factor is that the high price of iron ore has led to a significant increase in production costs for Chinese...

The current heatwave price in the European market is around 650 euros/ton EXW, with a decrease in tradable prices of around 20 euros/ton and an increase of around 30 euros/ton on a weekly basis. The price decline this time is mainly due to steel mills actively reducing production. Against the backdrop of poor demand expectations, the recent wave of price strength has also led market traders to start restocking. However, even in the face of the upcoming Christmas holiday and winter, traders are not in a hurry to accumulate inventory, mainly due to the inconsistent views of the market on...

In the past week, due to the strong performance of the domestic flat material market in Russia, most suppliers have not yet turned to the export market, resulting in a relatively calm export market.It is understood that the latest quotation from Russian steel mills is between 565 to 575 US dollars per ton FOB, and buyers estimate that the available price is between 535 to 545 US dollars per ton FOB. On Tuesday, Mysteel assessed the price of the CIS export heatwave as $545-565 per ton FOB Black Sea, which was unchanged from the previous day.In addition, competition between suppliers...

At present, Türkiye’s rebar exporters quote at 575-585 dollars/ton FOB, up about 5-10 dollars/ton from last week. But most market participants indicate that the actual transaction price is between 555-560 US dollars per ton FOB. Among them, the Malmara regional steel plant stated that due to the continuous high raw material costs, the lowest acceptable transaction price is currently 560 USD/ton FOB. In addition, the current domestic rebar quotation in Türkiye is USD 575-595/ton EXW. At present, the shipping date in November has arrived, and steel mills have begun to replenish the goods. The price of imported scrap steel in...