The price of the CIS ticket increased by $ 3.5 and was valued at about $ 385 FOB, while Ukraine sold a shipment of tickets to Saudi Arabia for $ 395.
Saudi Arabia usually buys a premium ticket and it will be $ 385 with a deduction of $ 10. Also, about 10,000 tons of tickets were resold for $ 385.
Last week, the price of scrap increased and the increase in the price of scrap imported to Turkey caused the prices of the CIS area to increase as well, although the situation is different in North Africa and its different regions.
Prices are expected to rise slightly in the GCC market after the end of the Eid al-Adha holiday and from September onwards, although the consumption situation is still not very interesting in August due to the extreme heat and the problems caused by the corona. From September onwards, the steel situation in GCC will improve.
Due to the fact that in GCC countries, especially Oman, Kuwait and Dubai, the amount of budget allocated for projects and infrastructure has decreased compared to last year, so we are facing problems with the consumption of long products. This lack of consumption increased the number of active participants in the market for the export of tickets.
*** Export tickets to China from Oman and UAE
Interestingly, Oman and the UAE have begun exporting tickets to China. The latest price offered to the Chinese by their exporters is $ 415 to $ 418 CFR China. Kuwait has joined the ranks of exporters and is announcing its ticket price of $ 420 to $ 425 CFR China.
In the case of slabs, the situation is slightly better, with CIS prices rising by $ 5 to $ 385 on the Black Sea FOB, and Turkey buying a shipment of slabs at $ 410 CFR, while the price of its export sheet (HRC) increased by $ 455. The FOB dollar announced this week.
In the case of Italy, the purchase of slabs is somewhat weak, with prices of $ 405 to $ 410 CFR being heard and little trading being done, but plate and sheet prices in Europe are rising and this situation will be offset. Therefore, the market outlook for positive slabs is evaluated.
The Chinese continue to import tickets from a variety of sources, with the latest shipment purchased from Vietnam for $ 423- $ 427 CFR in November, equivalent to $ 415- $ 418 in Vietnam FOB.
There have been rumors that Indonesia exported tickets to the Philippines for $ 430 CFR, although this has not been confirmed.
*** Growth of ticket sales in Russia
On the other hand, the Russian company Evraz (EVRAZ) has published its performance report, according to which the production and sales of this company has grown in the first half of the year and during that period its ticket production increased from 5.9 million tons to 6.1 million tons in the first half of 2020. . On the other hand, while the company sold one million tons of slabs in the first half of 2019, this figure reached 1.3 million tons in the first six months of this year. Ticket sales have also increased from 1.2 million tons to 1.5 million tons.
The company attributed the increase in sales volume to lower prices, saying that the average price of semi-finished products sold in the first half of last year was $ 387 and this year was $ 319, indicating a sharp drop in sales prices.
Regarding the Chinese market, we are talking about air pollution and environmental restrictions in Tangshan Province, which will probably be lifted on August 1 and the market will increase production. However, some analysts believe that these restrictions may be extended. These issues have also affected imports to some extent and the market has weakened.
China’s export wire prices are around $ 470 FOB without a trade, and the highest price buyers are willing to buy from China is $ 460, which of course is not a sharp sale.
In the case of North Africa, rebar prices have been stable and sometimes declining in most areas, and imported billet prices have varied. Algeria, for example, raises the price of domestic rebar to $ 520 at the factory door, and construction activity is weak due to the corona, resulting in reduced domestic production.
*** Ticket prices in African countries
Despite this, there are reports that Algeria wants to impose a tariff on imports of rebar, sheet and wire to support domestic production. Algeria billet $ 390 to $ 400 FOB Black Sea requested, valued at $ 415 CFR. Algeria imports most of its rebar from the European Union, which imported 27,000 tonnes in May.
In the case of Egypt, rebar prices are stable and demand is weak. The Egyptian government has recently imposed restrictions on the implementation of construction projects. The price of an Egyptian ticket is requested by the CIS at about $ 400 CFR.
In the case of Libya, the price of an imported ticket was traded at $ 400 to $ 405 CFR, equivalent to $ 385 FOB CIS.
Morocco is also trying to increase and strengthen its exports, especially cars, to the European Union by devaluing its national currency (the dirham). The country bought the billet for $ 438 per ton CFR from Spain, and due to the billet import tariff, it does not import from the CIS and Turkey, and imports most of it from Europe, especially Spain.
In Tunisia, demand is weak and the factory door rebar is valued at $ 570. Ukraine has offered a shipment of $ 410 to $ 415 CFR, which, of course, was not attractive and was not purchased as a result.
Jafari Tehrani
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