The ASEAN Billet Industry Is Stagnant Due To Negativity
Since early last week, Chinese 3SP grade 150mm billet has been reported to be sold at $610/tonne cfr Manila. A trader in Manila claims that...
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Hyundai Steel Of South Korea Decreased Its Most Recent Bid Rates For Japanese Scrap On Friday
A reduction in the procurement price for H2 grade scrap trucked to Tokyo Steel’s Utsunomiya steelworks was revealed at the same time by the industry’s...
Brazil Rejects Request To Impose Anti-dumping Measures On Chinese HRC
For a maximum of five years, Brazil placed countervailing duties and AD measures on Chinese HRC in 2018. However, these were never used for the...
Egyptian Rebar Prices Continue To Rise
Market leader Ezz Steel has increased its ex-works domestic rebar price by 9.7% to EGP 32,135 ($922), with 14% VAT included. The prior price was...
Export And Import Prices Of Turkish HRC Increased
According to Turkish market news, last week China’s May delivery hot coils were quoted at USD 730-735/ton (CFR) for Turkey’s mainstream exports, an increase of...
European Mills Increase Coil Costs Even More
According to reliable sources, ArcelorMittal increased its price hints this week by an additional €20/tonne ($21), raising HRC offers to €870/t ex-works for all of...
HBIS Group Serbia Iron & Steel Will Restart Activities At Its Dormant Blast Furnace This Week
The company will reportedly run both blast furnaces, but one BF will be shut down for repairs in the summer. Due to a decline in...
This Week Is Quiet On The Hot Rolled Coil Market in The Gulf Cooperation Council
A re-roller purchased 10,000t of HRC in the SAE 1006 and SAE 1008 (re-rolling) grades from a Japanese firm last week for $730/t cfr Jebel...
US Scrap Prices Rise Sharply in March
A mill in Detroit took the initiative and joined the market with a bid that was more than $100/gross ton higher than in February for...
India Is Not Considering Re-imposing Steel Export Duties
“Although input prices have slightly increased from their lowest levels, which were reached about four to five months ago, the situation has not reached a...
Iron Ore Prices Are Expected To Return To Below $100/t By The End Of The Year
The research firm claims that the market may receive short-term support from the most recent measures revealed by the Chinese government to encourage property lending....
Mexico Reviews Countervailing Duties On Chinese Welded Pipes
The removal of duties, according to Mexican businesses Forza SPL, Pytco, and Tubera Laguna, would have a negative effect on domestic production, according to a...
