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...
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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...
GCC Exports Billet To Turkiye
Turkey has made several inquiries about billets, and Jindal Shadeed in Oman, Emirates Steel in the United Arab Emirates, Qatar Steel in Qatar, and Hadeed...
Spanish Rates For Scrap And Rebar Rise
In the final days of February, the majority of the big mills raised their purchase prices by nearly €15/tonne ($16.01) for all categories, according to...
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...
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....
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...
