runfei news&blogs

03Apr Steel News

India’s ArcelorMittal-Nippon Steel Will Obtain A $5 Billion Mortgage From A Consortium Of Japanese Banks To Increase Manufacturing Ability in Hazira.

Luxembourg-based steelmaker ArcelorMittal said it had agreed a $5 billion deal with Japanese banks, including the Japan Bank for International Cooperation. The mortgage agreement will...

Read More

31Mar Steel News

Second-half Steel Consumption in Vietnam Is Expected To Increase

Although the demand for steel in Vietnam has been slower than expected this year, with the country’s GDP expected to increase by 6.47 to 6.83%...

Read More

30Mar Steel News

Second-half Steel Consumption in Vietnam Is Expected To Increase

While Vietnamese steel demand has so far been slower this year, it has the potential to improve on the back of the country’s GDP growth...

Read More

29Mar Steel News

Ukraine’s Steel Industry Will Only Recover Once Seaports Are Unblocked To Enable Exports

“Therefore, the group calls on the authorities, diplomats, and international partners of Ukraine to make every effort to open the sea to Ukrainian steel,” he...

Read More

28Mar Steel News

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...

Read More

27Mar Steel News

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...

Read More

24Mar Steel News

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...

Read More

22Mar Steel News

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...

Read More

21Mar Steel News

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...

Read More

20Mar Steel News

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...

Read More

17Mar Steel News

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...

Read More

16Mar Steel News

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...

Read More