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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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...
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...
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...
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...
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...
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...
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...
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...
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...
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....
The Demand in The Indian Market Has Improved Slightly Due To The End Of The General Election, But The Improvement Is Limited Due To The Influence Of Off-season Factors
Currently, India is in the period of the end of the general election, and market transactions are gradually recovering and demand is improving. At the...
