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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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...
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...
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...
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...
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...
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%...
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,...
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...
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...
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,...
In 2023 The Carrying Capacity Of The Eastern Test Site Is Planned To Increase By 9.5%
During the implementation of the main infrastructure modernization and expansion plan in 2022, the total transportation volume of BAMA and Trans-Siberia to the east will...
