NEWS-101 Steel News

The Middle East Region Hot Coil Import Prices Are Mainly Stable

September 5 UAE Hot coil import appraisal $575-610 / ton (CFR), slightly lower than last week’s $575-615 / ton (CFR); September 5 Saudi Hot coil (1.2mm) import appraisal $620-640 / ton (CFR), unchanged week on week. According to the Middle East market, at the beginning of this week China hot to the UAE mainstream exports $575-585 / ton (CFR), down from last week’s $575-600 / ton (CFR); at the beginning of the week Japanese mainstream hot exports to the UAE $610-620 / ton (CFR). At the beginning of the week, there was not heard of a significant number of imported...
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NEWS-100 Steel News

Iranian Apparent Finished Steel Consumption Inched Up 2.2% On-year in The First Four Months Of The Iranian Year

The country increased its on-year semis and finished steel production over four months by 8.2% and 5.3%, respectively. Meanwhile, its exports of semis and finished steel combined soared 24.5% on-year to 3.84 million tonnes,according to an Iranian Steel Producers Association (ISPA) report on its online Chilan portal. Four-month finished long products use surged 3.6% on-year to 3.6mt, with rebar and bar-in-coil consumption ticking up 2.2% to 2.86mt and beams rising 21.9% to 473,000t. Flats use was up 6.8% on-year to 3.42mt. Hot rolled coil consumption slightly increased by 1.7% to 3.18mt; cold rolled coil was up 11.9% to 965,000t. Use of coated...
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NEWS-99 Steel News

The European Hot-rolled Coil Market Saw Light Prices Fall

On August 2, the factory price index of Nordic hot coil was 647.92 euros ($706.2) / ton, down 8.33 euros / ton week on week. According to the European market news, the recent week of the European hot coil market continues to light, due to the current in the traditional summer demand season, most buyers are more inclined to purchase in September, recently some European mainstream steel mills have not released the hot coil factory price. In Germany, this week, a major steel mill offered 660 euros per ton for September hot rolls. In southern Europe, the factory price index...
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NEWS-98 Steel News

The Middle East Region Hot-rolled Coil Import Prices Continued To Rise

On August 1, the UAE hot volume import valuation was $610-640 / ton (CFR), up from the previous week of $590-640 / ton (CFR). According to the UAE market, the mainstream export price of Chinese hot volume to the UAE was $610-620 / ton (CFR), up from the $590-620 / ton (CFR) last week; at the beginning of the week, the mainstream export price to the UAE was $640-650 / ton (CFR). August 1 Saudi Hot coil (1.2mm) import valuation of $630-650 / ton (CFR), up $10 / ton week on week. Recently, a Saudi buyer purchased a batch of...
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NEWS-97 Steel News

Import Prices For Hot-rolled Rolls Rose in The Middle East

On July 25, the UAE hot volume import valuation was $590- $640 / ton (CFR), up $10- $30 / ton week on week. According to the UAE market, at the beginning of this week, the mainstream export price of the UAE was $590-620 / ton (CFR), up $10-20 / ton from the beginning of last week, the mainstream export price of the Indian hot volume to the UAE was $640-660 / ton (CFR), up $40-45 / ton from last week. Some market participants said that the hot coil inventory of the end users in the UAE is generally low, and...
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NEWS-96 Steel News

Import And Export Prices Of Hot-rolled Rolls in India Rose

July 21 India Hot roll import appraisal $570-575 / ton (CFR), up $5 / ton week on week; July 21 India hot roll export appraisal $590-630 / ton (FOB), up $20- $30 / ton week on week; According to the Indian market news, since July, the supply of three mainstream Indian steel mills in the hot coil production lines has decreased, and some Indian suppliers have generally raised their hot coil export prices last week. A domestic hot coil dealer in India said that the current domestic demand for hot coil in India is weak, but the supply of resources...
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NEWS-95 Steel News

Import Prices For Hot-rolled Rolls in The Middle East Fell

On July 11, the UAE hot volume import valuation was $580-610 / ton (CFR), down from the previous week of $580-620 / ton (CFR). According to the UAE market news, the mainstream export quotation of overseas hot rolls to the UAE early this week: China hot roll $580-610 / ton (CFR), unchanged compared with last week; India hot roll $605-640 / ton (CFR), $620-640 / ton (CFR); Japan hot coil $605-610 / ton (CFR); Saudi hot coil $610-615 / ton (CFR), the UAE market said the current demand for hot rolls is low. July 11 Saudi Hot Volume (1.2mm) import...
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NEWS-94 Steel News

Vietnam Import Hot Rolled Coil Market Is Light

July 7 Vietnam hot coil import valuation of $570-575 / ton (CFR), an upward trend from $560-575 / ton (CFR) in the previous week (mainly refer to 2-3mm SAE1006 rerolled grade hot coil and similar products). According to Vietnam market, Vietnam hot import market actual transaction last week relatively light, on the one hand is the downstream demand not significantly improved, on the other hand is Vietnam’s first hot volume producer river static steel will release a new hot price policy, so the buyers are waiting for river static steel pricing information, there are some market rumors that the river...
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NEWS-93 Steel News

Southeast Asia Long Timber Import Prices Fell

On July 10, Singapore rebar is valued at $550-560 / ton (CFR), slightly lower than last week’s $555-560 / ton (CFR) price. According to the Singapore market news, at the beginning of this week, a parent Malaysian mainstream steel mills to Singapore rebar export quoted $570 / ton (CFR), including the freight from the port to the buyer; an Indian steel mills to Singapore rebar export quoted $562-565 / ton (CFR), but the steel mills said that this price has no orders. A Singapore trader said that he had not heard of a large number of imported rebar orders in...
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NEWS-92 Steel News

Import Prices Of Hot-rolled Rolls in The Middle East Have Remained Stable

July 4, UAE hot volume import valuation of $580-620 / ton (CFR), remained stable week on week. At the beginning of this week, the mainstream export prices of China and India to the UAE were $580-610 / ton (CFR) and $620-640 / ton (CFR) respectively. At the beginning of this week, there were no obvious orders in the imported hot coil market in the UAE. July 4 Saudi Hot coil (1.2mm) import valuation of $625-635 / ton (CFR), unchanged week on week. At the start of the week, and some market participants expect about a week for the market to...
Read More
NEWS-101 Steel News

The Middle East Region Hot Coil Import Prices Are Mainly Stable

September 5 UAE Hot coil import appraisal $575-610 / ton (CFR), slightly lower than last week’s $575-615 / ton (CFR); September 5 Saudi Hot coil (1.2mm) import appraisal $620-640 / ton (CFR), unchanged week on week. According to the Middle East market, at the beginning of this week China hot to the UAE mainstream exports $575-585 / ton (CFR), down from last week’s $575-600 / ton (CFR); at the beginning of the week Japanese mainstream hot exports to the UAE $610-620 / ton (CFR). At the beginning of the week, there was not heard of a significant number of imported...
Read More
NEWS-100 Steel News

Iranian Apparent Finished Steel Consumption Inched Up 2.2% On-year in The First Four Months Of The Iranian Year

The country increased its on-year semis and finished steel production over four months by 8.2% and 5.3%, respectively. Meanwhile, its exports of semis and finished steel combined soared 24.5% on-year to 3.84 million tonnes,according to an Iranian Steel Producers Association (ISPA) report on its online Chilan portal. Four-month finished long products use surged 3.6% on-year to 3.6mt, with rebar and bar-in-coil consumption ticking up 2.2% to 2.86mt and beams rising 21.9% to 473,000t. Flats use was up 6.8% on-year to 3.42mt. Hot rolled coil consumption slightly increased by 1.7% to 3.18mt; cold rolled coil was up 11.9% to 965,000t. Use of coated...
Read More
NEWS-99 Steel News

The European Hot-rolled Coil Market Saw Light Prices Fall

On August 2, the factory price index of Nordic hot coil was 647.92 euros ($706.2) / ton, down 8.33 euros / ton week on week. According to the European market news, the recent week of the European hot coil market continues to light, due to the current in the traditional summer demand season, most buyers are more inclined to purchase in September, recently some European mainstream steel mills have not released the hot coil factory price. In Germany, this week, a major steel mill offered 660 euros per ton for September hot rolls. In southern Europe, the factory price index...
Read More
NEWS-98 Steel News

The Middle East Region Hot-rolled Coil Import Prices Continued To Rise

On August 1, the UAE hot volume import valuation was $610-640 / ton (CFR), up from the previous week of $590-640 / ton (CFR). According to the UAE market, the mainstream export price of Chinese hot volume to the UAE was $610-620 / ton (CFR), up from the $590-620 / ton (CFR) last week; at the beginning of the week, the mainstream export price to the UAE was $640-650 / ton (CFR). August 1 Saudi Hot coil (1.2mm) import valuation of $630-650 / ton (CFR), up $10 / ton week on week. Recently, a Saudi buyer purchased a batch of...
Read More
NEWS-97 Steel News

Import Prices For Hot-rolled Rolls Rose in The Middle East

On July 25, the UAE hot volume import valuation was $590- $640 / ton (CFR), up $10- $30 / ton week on week. According to the UAE market, at the beginning of this week, the mainstream export price of the UAE was $590-620 / ton (CFR), up $10-20 / ton from the beginning of last week, the mainstream export price of the Indian hot volume to the UAE was $640-660 / ton (CFR), up $40-45 / ton from last week. Some market participants said that the hot coil inventory of the end users in the UAE is generally low, and...
Read More
NEWS-96 Steel News

Import And Export Prices Of Hot-rolled Rolls in India Rose

July 21 India Hot roll import appraisal $570-575 / ton (CFR), up $5 / ton week on week; July 21 India hot roll export appraisal $590-630 / ton (FOB), up $20- $30 / ton week on week; According to the Indian market news, since July, the supply of three mainstream Indian steel mills in the hot coil production lines has decreased, and some Indian suppliers have generally raised their hot coil export prices last week. A domestic hot coil dealer in India said that the current domestic demand for hot coil in India is weak, but the supply of resources...
Read More
NEWS-95 Steel News

Import Prices For Hot-rolled Rolls in The Middle East Fell

On July 11, the UAE hot volume import valuation was $580-610 / ton (CFR), down from the previous week of $580-620 / ton (CFR). According to the UAE market news, the mainstream export quotation of overseas hot rolls to the UAE early this week: China hot roll $580-610 / ton (CFR), unchanged compared with last week; India hot roll $605-640 / ton (CFR), $620-640 / ton (CFR); Japan hot coil $605-610 / ton (CFR); Saudi hot coil $610-615 / ton (CFR), the UAE market said the current demand for hot rolls is low. July 11 Saudi Hot Volume (1.2mm) import...
Read More
NEWS-94 Steel News

Vietnam Import Hot Rolled Coil Market Is Light

July 7 Vietnam hot coil import valuation of $570-575 / ton (CFR), an upward trend from $560-575 / ton (CFR) in the previous week (mainly refer to 2-3mm SAE1006 rerolled grade hot coil and similar products). According to Vietnam market, Vietnam hot import market actual transaction last week relatively light, on the one hand is the downstream demand not significantly improved, on the other hand is Vietnam’s first hot volume producer river static steel will release a new hot price policy, so the buyers are waiting for river static steel pricing information, there are some market rumors that the river...
Read More
NEWS-93 Steel News

Southeast Asia Long Timber Import Prices Fell

On July 10, Singapore rebar is valued at $550-560 / ton (CFR), slightly lower than last week’s $555-560 / ton (CFR) price. According to the Singapore market news, at the beginning of this week, a parent Malaysian mainstream steel mills to Singapore rebar export quoted $570 / ton (CFR), including the freight from the port to the buyer; an Indian steel mills to Singapore rebar export quoted $562-565 / ton (CFR), but the steel mills said that this price has no orders. A Singapore trader said that he had not heard of a large number of imported rebar orders in...
Read More
NEWS-92 Steel News

Import Prices Of Hot-rolled Rolls in The Middle East Have Remained Stable

July 4, UAE hot volume import valuation of $580-620 / ton (CFR), remained stable week on week. At the beginning of this week, the mainstream export prices of China and India to the UAE were $580-610 / ton (CFR) and $620-640 / ton (CFR) respectively. At the beginning of this week, there were no obvious orders in the imported hot coil market in the UAE. July 4 Saudi Hot coil (1.2mm) import valuation of $625-635 / ton (CFR), unchanged week on week. At the start of the week, and some market participants expect about a week for the market to...
Read More