runfei news&blogs

09Feb Steel News

Prices For Hot Rolled Coils in The Gulf Cooperation Council Are Falling, Especially For Those With Chinese Origin

The GCC’s regular buyers of Indian mills aren’t getting rates from them. The cost of HRC has dropped by $10–$15 per tonne this week compared...

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08Feb Steel News

Last Week, The Southeast Asian Billet Import Market Gained Traction

Due to weak regional demand, regional mills’ target offer prices continue to be out of reach for consumers. On February 2, a 10,000-tonne cargo of...

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07Feb Steel News

Saudi Stainless Steel Seamless Pipe Manufacturing Project Started

The King Salman Energy Park (SPARK) in northern Saudi Arabia is the site of the groundbreaking for SeAH Gulf Special Steel Industries (SeAH GSI), a...

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06Feb Steel News

GCC Mills Commit To Exporting Billets

Direct reduced iron-route long steel producers signed two standard billet contracts with a trading firm last week with the intention of selling the product to...

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03Feb Steel News

Italian HR Plate Prices Rose Again Slightly

Available prices for Italian S275JR plate are €850-900/t EXW, compared to €850-870/t EXW a week ago, for deliveries in March-April. Sufficient demand and high slab...

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02Feb Steel News

Russian Copper Company To Invest $1 Billion in Kazakhtan Factory

According to regional governor Nurlan Urankhaev, the corporation would be given the permission to develop the Aidarly copper deposit in the Abay region. In a...

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01Feb Steel News

India Considers Raising HRC Due To Favorable Domestic Opinion

The hike is supported by strong domestic demand in India and restocking by traders in advance of the publication of the Indian budget, with predictions...

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31Jan Steel News

Iron Ore Remains Stable After China’s Return

On Monday, the 62% Fe index decreased $0.02/t to $126.98/dry metric tonne cfr. The 58% Fe index increased $0.02/t to $110.64/dmt cfr, and the 65%...

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30Jan Steel News

Mexico Has Prolonged A Countervailing Tariff On Imports Of Wire Rod From China For A Further Five Years.

This is in accordance with a document from the Ministry of Economy that was released in the DOF on January 19. On July 28, 2016,...

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29Jan Steel News

As China Relaxes Its Prohibition On Australian Imports, Coking Coal Prices Rise.

The week ended January 20 saw an upward trend in seaborne coking coal prices as mood improved following China’s relaxation of its ban on Australian...

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28Jan Steel News

ArcelorMittal Raises The HRC Offer Prices in Europe

According to reports, the supplier is currently supplying HRC to clients in Western Europe for €780 per tonne ($848), while clients in Eastern Europe are...

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17Jan Steel News

Export Prices For Japanese Scrap Have Increased.

Tight lending restrictions in Vietnam continue to harm the steel industry. Sangyo Shinko received 6,000 tonnes of H2 grade scrap in the most recent tender,...

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