Brazilian Steel Association IABr has announced expectations that apparent steel consumption in Brazil will fall by 1.0% compared to 2022 to 23.2 million mt. The previous forecast published at the end of last year was 1.5% growth. Marco Polo de Mello Lopes, CEO of IABr, said that activity in Brazil’s two most important steel consuming sectors, civil construction and machinery and equipment, is decreasing, while the automotive industry will increase production, not necessarily solid growth, as it compares to last year’s low base. He mentioned that these three industries account for 82% of Brazil’s steel consumption. High interest rates, a...

According to the announcement of China’s National Bureau of Statistics NBS, from January to March this year, the added value and output value of China’s ferrous metal smelting and manufacturing industry increased by 5.9% year-on-year, and in March alone, the industrial added value and output value of China’s ferrous metal smelting and manufacturing industry increased by 6% month-on-month. At the same time, in the first three months of this year, the total output value of China’s industrial added value increased by 3% year-on-year, and the total industrial added value in March alone increased by 3.9% year-on-year and 0.12% month-on-month. It...

Last week, the import price of plate in South America continued its downward trend, on the one hand, the overall demand was relatively sluggish, on the other hand, Chinese suppliers generally lowered the export quotation of plate to South America. At present, the freight from China to the Pacific coastal countries in South America is about 35-45 US dollars / ton, and the freight to Brazil is about 50-55 US dollars / ton. In terms of hot-rolled sheets, on April 14, the import assessment price of hot rolled steel coil in South America was 680-700 US dollars / ton (CFR),...

On April 13, the US Midwest hot rolled steel coil ex-factory price index was 1302.3 USD / ton, up slightly by 1.3 USD / ton week-on-week. According to the US market, the current delivery time of hot rolled steel coil orders in the Midwest region is 8 to 10 weeks. Recently, the mainstream steel mill Cleveland Cliff in the United States raised its hot rolled steel coil base price to 1433.3 USD / ton, but this price has not actually been traded, the vast majority of buyers are currently unwilling to accept the price of more than 1323 USD /...

On April 12, the factory price index of hot rolled steel coil in the Nordic region was 855 euros / ton, down 4.38 euros / ton week-on-week. According to Nordic market news, the Nordic hot rolled steel coil market this week is mainly light, suppliers release the latest quotations and buyers bid very little, most buyers believe that the current more feasible hot rolled steel coil factory transaction price of 830-860 euros / ton. At present, steel mills are generally more abundant in hand, so they still try to keep hot rolled steel coil quotations at a high level, some...

The UAE hot rolled steel coil import assessment price on April 11 was $675-720/ton (CFR), unchanged week-on-week. According to UAE market news, at the beginning of this week, India’s hot rolled steel coil to the mainstream bid price of the UAE was $725/ton (CFR), down $15-25/ton from last week; Japan’s hot rolled steel coil to the UAE mainstream bid price of 715 USD / ton (CFR), down 20-25 USD / ton from last week, at the beginning of this week did not hear that the UAE market has imported hot rolled steel coil orders actually transacted. On April 11, the...

Singapore rebar import prices continued to fall by $15/mt On April 10, the assessment price of Singapore rebar imports was $630/ton (CFR), down $15/ton week-on-week. According to Singapore market news, at the beginning of this week, a long-process mainstream steel mill in Vietnam rebar to Singapore was quoted at a price of 640 USD / ton (CFR) according to the weight of the export; At the beginning of the week, some overseas traders to Singapore quoted a mainstream export price of $640/mt (CFR). Last weekend, a Singaporean buyer ordered a batch of 25,000 tons of rebar from a mainstream Vietnamese...

Vietnam’s hot rolled steel coil import assessment price on April 7 was 665-675 US dollars / ton (CFR), which showed a slight downward trend from 665-680 US dollars / ton (CFR) US dollars / ton in the previous week (mainly refer to 2-3mm SAE1006 rerolled grade hot rolled steel coil and similar products). According to Vietnamese market news, the actual transaction of Vietnam’s imported hot rolled steel coil market last week was not much, and the overall trend continued to be light, and the current market bearish sentiment is heavier, and buyers are mostly in a wait-and-see state. Last week,...

Argentina produced 61104 light commercial vehicles and sedans in March, an increase of 26.1% compared to February 2022 and 25.4% compared to March 2022. From February to March, automobile exports increased by 35.3% to 32420 vehicles, a year-on-year increase of 31.7% compared to March 2022. Domestic sales in March were 38027 vehicles, an increase of 26.4% compared to February and 12.6% compared to March. According to Martin Galdino, Chairman of the Adefa Association of the Automobile Industry in the country, the data obtained by the industry in the first quarter confirms the upward trend predicted for 2023. He added that...

On April 5, the factory price index of hot rolled steel coil in the Nordic region was 859.38 euros / ton, up 15.63 euros / ton week-on-week. According to Nordic market news, the Nordic hot rolled steel coil market in the first half of this week is actually light, the current Nordic steel mill on the hot rolled steel coil order psychological price is about 900 euros / ton, but buyers generally believe that such a high price is unacceptable, and the evaluation of the current hot rolled steel coil order more reasonable factory transaction price in 840-860 euros /...