The No. 1 hot rolling mill of Krakatau Steel, a mainstream steel mill in Indonesia, was shut down after a fire broke out on May 5. some industry insiders predict that the No. 1 hot rolling mill may stop production for about six months at most, but Karakato Steel said it would repair the damaged production line and resume production as soon as possible. At present, the No. 2 hot rolling mill of Caracato Iron and Steel Company is operating normally, so all the production of hot rolled coil will be transferred to the No. 2 hot rolling plant. The...

According to data released by the Port Authority of Port Hedland, Australia, iron ore exports from Port Hedland in April 2023 were about 43.27 million tons, down 2.49 million tons from 45.76 million tons in March 2023 and 5 per cent month-on-month. There was a decrease of 2.51 million tons from 45.78 million tons in the same period last year, and a decrease of 5 per cent from the same period last year. Of this total, the volume of iron ore shipped to China was about 35.53 million tons, down 4.88 million tons from 40.41 million tons in March 2023,...

On May 5, Turkish hot roll imports were valued at US $585,600 / tonne (CFR), down US $10-15 / tonne from the previous week, and Turkish hot coil exports were valued at US $720,750USD / tonne (FOB) on May 5th, down US $10-20 per tonne from the previous week. According to the Turkish market news, this week Chinese hot rolls in late June ship to Turkey mainstream export quotation of US $585,600USD / ton (CFR), down from last week’s quotation by US $15-20 / tonne. At present, Chinese hot coil quotations have obvious price advantages in the Turkish market. This...

On April 26, the ex-factory price index of hot rolled steel coil in the Nordic region was 837.50 euros ($921.3) / ton, down 5 euros / ton week-on-week. According to Nordic market news, this week’s Nordic hot rolled steel coil market overall continued to be light, steel mills rarely released quotations, to digest the current handheld orders, most of the region’s May-June delivery time of hot rolled steel coil orders are full, a buyer said that one of the steel mills has not released hot rolled steel coil quotations for three and a half weeks. Due to the high price...

The UAE hot rolled steel coil import assessment price on April 25 was $640-720/ton (CFR), unchanged week-on-week. According to the UAE market news, due to the Eid al-Fitr holiday in the recent week, the UAE plate market as a whole is in a light state, and there are almost no overseas suppliers to the UAE to release the latest hot rolled steel coil export quotations, but market participants generally expect that with the recent weakening of the international steel market, especially the decline in China’s domestic steel prices, the UAE’s hot rolled steel coil import prices will also fall. On...

Singapore rebar import prices continued to fall by $10-15/mt. On April 24, the assessment price of Singapore rebar imports was 600-615 USD / ton (CFR), down 10-15 USD / ton week-on-week. According to Singapore market news, the Singapore import rebar market continued to be light in the past week. At the beginning of this week, the mainstream export price of rebar from other Southeast Asian countries to Singapore was 615-620 USD / ton (CFR), and Singapore buyers were bidding below 600 USD / ton (CFR) for imported rebar. A Singaporean trader said that buyers continue to be mostly bearish on...

Vietnam’s hot rolled steel coil import assessment price of $640-650/ton (CFR) on April 21 remained unchanged week-on-week. According to Vietnamese market news, the overall Vietnamese hot rolled steel coil market continued to be light last week, and buyers maintained a wait-and-see state. Last week, China’s SAE1006 hot coil to Vietnam’s mainstream export quotation was 640 USD / ton (CFR), unchanged from the previous week; Q195 hot rolled steel coil mainstream export quotation of 585 USD / ton (CFR), down 575 USD / ton (CFR) from the previous week; Last week, some Vietnamese buyers offered $575/mt (CFR) for China’s SS400 hot...

In March, iron ore shipments at Australia’s Port Hedland rose 17.9% year-on-year and fell 1.6% year-on-year, totalling 45,762,554 tonnes. Port Hedland shipped 40.41 million mt of iron ore to China that month, up 18.8% year-on-year and 2.3% year-on-year, according to information released by the Port Hedland Port Authority. Port Hedland handles production from mines owned by BHP Billiton, Atlas Iron and Fortescue Metals Group in Western Australia’s iron-ore-rich Pilbara region

China’s Ministry of Industry and Information Technology (MIT) announced that China’s total shipbuilding production between January and March this year was 9.17 million deadweight tons (dwt), down 4.6% year-on-year.During the period, China’s new ship orders were 15.18 million dwt, up 53.0% year-on-year. As of the end of March this year, the book orders of China’s shipbuilding industry enterprises were 114.52 million deadweight tons, an increase of 15.6% year-on-year. In the first three months, China’s shipbuilding output and newbuilding orders accounted for 43.5% and 62.9% of the total global market, respectively. At the end of the first three months, Chinese shipbuilders...

Ohio-based Welded Tube today announced the opening of a new 55,000-square-foot facility in Monterrey, Mexico, which will begin operations in early 2024 with a focus on small-diameter, tight-tolerance tubes for the automotive industry. “Our customers are increasing their presence in Mexico and are asking us to continue to support their expansion and their commitment to OEMs,” Joe Frandanisa, president of Welded Tube lnc., said in a press release that we are listening to our customers’ needs and that our expansion in Monterrey will allow us to grow and strengthen ours relationship with them. The plant is breaking ground on a...