runfei news&blogs

09Oct NewsSteel News

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...

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26Sep NewsSteel News

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...

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22Aug NewsSteel News

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...

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20Aug NewsSteel News

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...

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08Aug NewsSteel News

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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06Aug NewsSteel News

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...

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01Aug NewsSteel News

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...

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30Jul NewsSteel News

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...

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19Jul NewsSteel News

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...

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16Jul NewsSteel News

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...

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12Jul NewsSteel News

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...

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10Jul NewsSteel News

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...

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