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...
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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...
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...
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...
International Steel City Daily: Türkiye’s Rebar Prices Continue To Rise, And The Production Monitoring System Is Delayed
Recently, the price of rebar in Türkiye has shown an upward trend, and the domestic sales volume has increased significantly. Some products have also been...
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...
International Steel Market Daily: JSW India Plans To Invest 650 Billion Rupees To Expand Production Capacity And Build India’s Largest Single Steel Plant
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...
Kocaer A1 plant in Türkiye will stop production for two months
Kocaer Steel, a large steel profile and commercial bar producer in Türkiye, will suspend the production of Aliaga A1 Plant during the second phase of...
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...
