News 18 - Runfei Steel | Steel Supply Since 1998

07Mar Steel News

Induction Furnace Billet Is Becoming More Popular Among Filipino Re-rollers As A More Affordable Option Than Blast Furnace And EAF Billet

Vietnamese induction billet is rumored to have recently been sold by a Chinese dealer for $622–623 per ton cfr Manila. Traders claim to have seen...

06Mar Steel News

Turkish Mills Agree On Pricing And Ensure Supply For Reconstruction

On February 1, rebar was selling for about $710 per tonne ex-works, but since then, scrap values have risen by more than $30 per t....

03Mar Steel News

Saudi Sharp Steel Tariff Cuts Confuse Markets

On March 1, clearing agents notified buyers of hot rolled coil and billet that the import duties on each had been decreased from 15% to...

27Feb Steel News

At IJmuiden, Tata Steel Nederland Declares A Force Majeure

A broader dimensional window for its high-strength steels was one of the goals of the upgrade, which got under way in August of last year....

24Feb Steel News

Turkish Rebar Costs Increase Due To The Domestic Market

Additionally, this has led scrap suppliers to raise their rates and withdraw from the market. Since the beginning of the week, some rebar producers have...

23Feb Steel News

World Steel Output Remains Weak

With 145.3 million tonnes produced, crude steel production in the 63 nations tracked by worldsteel was down 3.3% from a year ago but up from...

22Feb Steel News

EU Coil Prices Face Uncertainty

Several mills have reportedly adopted ArcelorMittal’s hot-rolled coil price announcement of €820/t ($877), according to a Dutch service center buyer. According to him, delivery timeframes...

21Feb Steel News

Billet Import Prices in Southeast Asia Have Quickly Bounced Back

Blast furnace billet import bookings continued through early last week at less than $600 per ton ex-Manila. Open-origin ASEAN/Chinese 3sp/5sp 150mm billet, according to a...

20Feb Steel News

Taiwanese Scrap Prices Fall On Increasing Supply

The price for containerized US-origin HMS 1&2 80:20 was $420/t cfr Taiwan, which was unchanged from the previous week. Deals were, however, reported earlier this...

17Feb Steel News

Bahrain-based Sulb Sections Are Free From Import Taxes in Saudi

The buyers have received an email informing them that they are exempt from issuing a payment guarantee or paying import duty until June 2023. This...

16Feb Steel News

Poland Scrap Traders Replace Turkish Market With Exports To India

Exports to Bangladesh increased 158% to 144,326t, while shipments to India witnessed an unusually significant increase, from 56,364t to 236,225t. Nevertheless, shipments to Pakistan decreased...

14Feb Steel News

In Spite Of The Euro-dollar Instability, Indian HRC Export Offers Gains

10,000 tonnes of structural grade HRC were sold last week by a tier-1 Indian mill to Italy and Antwerp for $800–805 per tonne cfr, netting...

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