runfei news&blogs

20Aug Steel News

The UK Government Will Provide £ 13.5 Million in Support For Workers And Businesses Affected By The Closure Of Tata Steel’s Port Talbot Steel Plant

Previously, due to long-term losses in the UK steel business, Tata Steel UK announced that it will close Port Talbot’s Blast Furnace 5 by the...

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08Aug Steel News

Poor Transactions in The Chinese Sheet Metal Export Market Due To Price Decline

The price of flat materials in China has continued to decline over the past week. According to feedback from market traders, due to extreme high...

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06Aug Steel News

Türkiye’s Rebar Price Remains Stable, And The Demand For Billet Imports Is Stronger Than That For Scrap

Recently, due to the low demand in China and the promulgation of the new national standard for rebar, many Chinese steel mills actively sold their...

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01Aug Steel News

Trading in The European Hot Coil Market Is Light, And It Is Difficult To Raise Prices For Imported Resources

Today, the prices of hot coils in Europe remain unchanged, and the spot market for hot coils in Europe is currently in a state of...

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30Jul Steel News

Nippon Steel Will Withdraw From Its Joint Venture BNA With Baosteel in China

According to reports, Nippon Steel has reached an agreement with Baosteel to withdraw from its joint venture with Baoshan Iron and Steel in China, Baosteel...

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19Jul Steel News

Iran Faces Summer Power Outages, Russia Faces Export Pressure

 Currently, the Iranian steel industry is experiencing traditional summer power outages, and local steel mills are trying to find ways to maintain operational balance and...

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16Jul Steel News

Türkiye’s Electricity Price Rises, Steel Mills Cut Output

  Since July 1, the electricity price in Türkiye has risen. Residential electricity prices have increased by 38%, while for high energy consuming users such...

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12Jul Steel News

The Seasonal Monsoon Affects The Increase Of Imported Resources, And The Domestic Steel Market in India Continues To Be Under Pressure

  Major steel mills in India have lowered prices for hot-rolled coils in July due to weak demand affected by seasonal monsoons. In terms of...

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10Jul Steel News

The Price Of Imported Scrap Steel in Türkiye Remains High, And The Cost Is High. The Quotation Of Thread in Türkiye Is Firm

Recently, the price of imported scrap steel in Türkiye has remained stable at a high level. In the case of high prices of imported raw...

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03Jul Steel News

China’s Quotation For Singapore’s Long Materials Continues To Decline, And Wire Rods Are Rumored To Have Sold in Small Quantities

Recently, China’s overall quotation for Singapore long materials has fallen again compared to the previous period. Specifically, Mysteel has heard that Chinese steel mills are...

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26Jun Steel News

Indian Buyers Have Lower Bargaining Power For Chinese Hot Coils. Vietnam’s Price Advantage Resources Flow Into The Indian Market

  Recently, Indian hot coil importers have offered a counteroffer of approximately $530-535 per ton of CFR to Chinese hot coils, a decrease of approximately...

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24Jun Steel News

Cost Pressure Is High, Demand Is Weak, Italian Steel Mills Hope To Increase Domestic Prices Of Long Materials

  Currently, due to the surge in energy costs, the prices in the Italian long rod market have further compressed the profits of steel mills....

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