China’s Masteel expects increased net loss for 2024
China’s steel sector faced a tumultuous 2024, with Ma’anshan Iron and Steel Company (Masteel) emerging as a prime example of the industry’s struggles. The Anhui-based...
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China’s Stainless Steel Exports Show Impressive Growth in 2025
As of the first five months of 2025, China’s stainless steel exports have posted a strong performance despite some market turbulence. According to official data...
GCC HRC Buyers Minimise Restocking Amid China Uncertainty
Gulf Cooperation Council hot rolled coil buyers have decided to minimise their mandatory restocking due to price fluctuations in China. Non-Chinese HRC suppliers have meanwhile informed customers...
The Asian Sheet Metal Market Has Raised Prices, And The Price Difference Between Hot And Cold Is Basically The Same
During the week ending September 24th, due to the Chinese government’s announcement of a series of economic stimulus measures, prices for cold-rolled coils in Asia have significantly...
Chinese Board Export Prices Boost Market Bottom Adjustment
Currently, there is a trend of price recovery in China’s export market. Today, SAE006 hot coil was quoted by a Chinese steel mill at $505/ton...
The UK Government Will Provide £ 13.5 Million in Support For Workers And Businesses Affected By The Closure Of Tata Steel’s Port Talbot Steel Plant
Previously, due to long-term losses in the UK steel business, Tata Steel UK announced that it will close Port Talbot’s Blast Furnace 5 by the...
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...
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...
