European Domestic Hot Coil Prices Are Stable And Imported Resources Have No Advantage
In the northwest European market, the price of German hot coils has bottomed out at present. Although demand is weak, a wave of replenishment is...
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Brazil Raises Import Tariffs On Steel Products. The Products Involved Include Hot Coils, Cold Coils, Galvanizing, Etc.
On April 23, 2024, the Brazilian Commerce and Foreign Trade Executive Management Committee (Gecex-Camex) issued an official document announcing an increase in import tariffs on...
Türkiye’s Imports Of Hot-rolled Coils From China Continued To Grow From January To February
According to the latest monthly data from the Turkish Statistical Institute (TUIK), Turkey’s total hot-rolled coil imports fell 8.5% year-on-year to 755,000 tons from January...
Geopolitical Tensions in The Middle East Lead To Sluggish Performance in The Black Sea Steel Billet Market
Since April 15, the Black Sea steel billet market has been sluggish, geopolitical tensions in the Middle East have been tense, and Turkey recently banned...
U.S. Steel Shareholders Voted Over 98% in Favor Of Being Acquired By Nippon Steel
U.S. Steel (X.US) shareholders voted on Friday to approve Nippon Steel’s proposed $14.9 billion acquisition of the company, in line with market expectations. U.S. Steel...
Gaza And Israel Conflict Continues, Türkiye Restricts Steel Exports To Israel
As Türkiye celebrates the holiday of Bayram and Ramadan comes to an end, the country’s rebar market is experiencing a quiet period. Despite the sluggish...
Italian Market Demand Is Sluggish（china Steel FOB Price）
Quotations for imported billets from Italy have fallen recently due to sluggish demand and weak market fundamentals, particularly falling iron ore prices. Billet demand is...
Ramadan Is Coming To An End And The Market Still Needs To Recover
The Muslim holy month of Ramadan begins on March 11 and ends with the celebration of Eid al-Fitr on April 11.In the last few days...
Ministry Of Industry And Information Technology Takes Action
The Department of Raw Materials Industry of the Ministry of Industry and Information Technology held a working meeting on stabilizing growth and increasing efficiency of...
Asian Hot Rolls Continue To Fall
Last week, affected by the futures market, Asian hot coil prices continued to fall. The current price of SS400 (3mm) hot coils in Southeast Asia...
How Much Steel Will The World Need By 2050?
How much steel will the world need by 2050? There are now 8 billion people on the earth and “consume” about 1.8 billion tons of...
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...
