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  • Competitive prices of Russian cargoes softened hot-rolled coil prices in Asia over the past week, though the rate of decline are likely to slow down from this week with Indian offers gaining some stability, sources told Fastmarkets.

  • Prices paid for flat steel imports into the United Arab Emirates and Saudi Arabia decreased in the week ended Tuesday July 30, with demand improving in the latest deals heard.


    Buying was strong this week in the UAE, with several new orders being placed.

    *** UAE

    Offers of hot-rolled coil (HRC) imports from China to the UAE came in at $500-505 per tonne cfr, but no major deals were heard. Ukraine offered similar product at $490-500 per tonne cfr. And Indian offers of HRC were heard at $495 per tonne cfr, with one deal made at this price. Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE, was $495-500 per tonne cfr on July 30, falling from $500-510 per tonne cfr.

    Chinese suppliers were offering 1mm hot-dipped galvanized coil (HDG), with 275g per square meter zinc coating, at $660-670 per tonne cfr, while Indian HDG was on offer to the UAE at $730-750 per tonne cfr, sources told Fastmarkets. These prices were lower than offers heard last week at $680-690 per tonne cfr from China and $750 per tonne cfr from India. One deal was heard made at $670 per tonne cfr from China and another deal was heard at $730 per tonne cfr from India. Fastmarkets’ weekly price assessment for steel HDG, import, cfr Jebel Ali, UAE, was $660-730 per tonne cfr on July 30, falling from $680-750 per tonne cfr. The price difference between material from China and India reflects the fact that India-origin HDG is quality assured and certified for use in the UAE by the authorities there.

    Suppliers in China were reported to be offering cold-rolled coil (CRC) at around $575-580 per tonne cfr UAE, and deals were made at $560 and $570 per tonne cfr, Fastmarkets was told. Fastmarkets’ weekly price assessment for steel CRC, import, cfr Jebel Ali, UAE, was $560-570 per tonne cfr on July 30, falling from $570-575 per tonne cfr on July 23.

    *** Saudi Arabia

    Suppliers in China have been offering HRC to Saudi Arabia at $510-515 per tonne cfr over the past week, and one deal was heard at $510-515 per tonne cfr, sources said. Fastmarkets’ weekly price assessment for steel HRC, import, cfr Saudi Arabia, was $510-515 per tonne cfr on July 30, falling from $515-520 per tonne cfr.

    Reference: Metal bulletin

     

  • Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) decreased over the week ended Friday August 9 due to the regular summer slowdown and the Eid al-Adha religious holiday next week, sources told Fastmarkets.


    *** HRC exports

    Turkey’s export price for HRC decreased with lower offers, sources said. Fastmarkets’ weekly price assessment for steel HRC, export, fob main port Turkey, was $490-495 per tonne on August 9, falling from $500-505 per tonne on August 2. Turkish HRC was on offer for export at $490-500 per tonne fob, with Southern European buyers bidding $485 per tonne fob. But the Turkish producers would not accept bids at that price, sources told Fastmarkets.

    *** Domestic prices

    Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Turkey, was $495-500 per tonne on Friday, falling from $520-525 per tonne. Turkish mills have been offering HRC at $505-525 per tonne ex-works, but deals have been heard at $495-500 per tonne ex-works for September production. Turkey, along with other Muslim countries, will celebrate the Eid Al-Adha holiday on August 12-14 this year.

    CRC material, meanwhile, was on offer at $580-600 per tonne ex-works in Turkey, with deals heard done at $580-590 per tonne ex-works. Fastmarkets’ weekly price assessment for steel CRC, domestic, exw Turkey, was $580-590 per tonne on August 9, falling from $590-600 per tonne.

    *** Import prices

    Imported HRC was on offer in Turkey at $505-510 per tonne cfr, and one deal was made from Russia’s Magnitogorsk Iron & Steel Works (MMK) at $490 per tonne cfr. Fastmarkets’ weekly price assessment for steel HRC, import, cfr main port Turkey, was $490-505 per tonne on August 9, falling from $505-510 per tonne last week.

    CRC was heard offered from the CIS region at $565-570 per tonne cfr Turkey, but no deals were concluded. As a result, Fastmarkets’ weekly price assessment for steel CRC, import, cfr main port Turkey, was $565-570 per tonne on Friday, widening from $570 per tonne.

    Reference: Metal bulletin

     

  • Prices for most flat steel products imported into the United Arab Emirates and Saudi Arabia decreased on lower offers heard in the week ended Tuesday August 20, with demand yet to recover after the Eid al-Adha religious holiday last week.


    The market was expected to improve later in the month, when the holiday season comes to an end.

    *** UAE

    Offers on imports of hot-rolled coil (HRC) from China and Japan to the UAE were heard at $490-505 per tonne cfr. One deal was made from Japan to the UAE at $490 per tonne cfr for HRC. Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE, was $490-500 per tonne on August 20, widening downward from $495-500 per tonne cfr.

    Chinese suppliers were offering 1mm hot-dipped galvanized coil (HDG), with 275g per square meter zinc coating, at $660 per tonne cfr before the eid holiday, but no new price was heard this week. Indian HDG was on offer to the UAE at $710-720 per tonne cfr, down from the previous $730-740 per tonne cfr, sources told Fastmarkets. Fastmarkets’ weekly price assessment for steel HDG, import, cfr Jebel Ali, UAE, was $660-710 per tonne on August 20, narrowing downward from $660-730 per tonne cfr on August 6. The price difference between material from China and India reflects the fact that India-origin HDG is quality assured and certified for use in the UAE by the authorities there.

    Suppliers in China were reported to be offering cold-rolled coil (CRC) at around $560-570 per tonne cfr UAE, but no major deals were heard. Fastmarkets’ weekly price assessment for steel CRC, import, cfr Jebel Ali, UAE, was $560-570 per tonne on August 20, unchanged since July 30.

    *** Saudi Arabia

    Suppliers in China have been offering HRC to Saudi Arabia at $490-510 per tonne cfr over the past week, down from $510-520 per tonne cfr. Fastmarkets’ weekly price assessment for steel HRC, import, cfr Saudi Arabia, was $490-500 per tonne on August 20, falling from $510-515 per tonne cfr.

    Reference: Metal bulletin

     

  • The rate of price decreases in the Vietnamese hot-rolled coil import market eased in the past week after a spurt of short-selling by aggressive traders.


    Fastmarkets' steel HRC import, cfr Vietnam assessment - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam - was $470-475 per tonne cfr for the week ending Monday August 26, down $4-5 per tonne from $475-479 per tonne a week earlier. A 25,000-tonne cargo of October-shipment Indian HRC was heard to have been sold to southern Vietnam at $472 per tonne cfr Vietnam.

    Another transaction involving 20,000 tonnes of November-shipment Russian HRC was heard to have been concluded at $470 per tonne cfr Vietnam. The cargo was sold to northern Vietnam, according to market sources. Indian materials were offered at $480 per tonne cfr Vietnam at the start of last week, but widened downward to $475-480 per tonne cfr toward the weekend. Fewer Chinese offers were heard during the week. Chinese steelmakers were trying to offer more cargoes of SS400 HRC than SAE1006 product.

    “Buyers are unlikely to be purchasing much for now because they expect more price falls to come,” a source at a major re-rolling mill in Vietnam said. Sellers were offering November-shipment HRC from Russia’s Magnitogorsk Iron & Steel (MMK) at $470 per tonne cfr. These offers were not considered for the latest assessment because the shipping dates fell outside of Fastmarkets’ specifications. There was talk that traders were willing to offer as low as $465 per tonne cfr Vietnam, but this could not be confirmed.

    Buyers were bidding at $470-475 per tonne cfr Vietnam at the start of last week, but these dipped to $467-468 per tonne cfr by the end of the week. “Demand from both the domestic and export markets are very weak,” a source at another major re-rolling mill said. Taiwanese mills offered their HRC at $515 per tonne cfr Vietnam. Market sources pegged freight rates for the Taiwan-Vietnam route at $15 per tonne. South Korean products were offered at $520 per tonne cfr Vietnam.

    *** Lower Chinese offers

    Two major steelmakers in eastern China listed their official offers at $475 per tonne fob and 485 per tonne fob China respectively for base-grade SS400 HRC. These are down $5-10 per tonne week on week. "Indian steel mills are more desperate to sell into Asia because their domestic market is so much worse than China's," a Chinese trader told Fastmarkets last Thursday.

    The escalation of trade tensions between the United States and China in recent days is expected to continue to have a negative effect on regional flat steel demand. Fastmarkets' price assessment for steel HRC domestic, ex-whs eastern China was 3,720-3,730 yuan per tonne last Friday, unchanged week on week. Fastmarkets' steel HRC index export, fob main port China was at $472.06 per tonne, down $10.11 per tonne over the same period. 

    Reference: Metal bulletin

     

  • Market sources expected that domestic prices for hot-rolled coil (HRC) in Europe will continue to decline due to persisting poor demand and mounting pressure from reductions in import offer prices, sources told Fastmarkets on Wednesday September 18.


    Suppliers from Turkey and India have been active in the European market to compensate for the lack of buyer activity in their other traditional markets. Fastmarkets’ weekly price assessment for steel HRC, import, cfr main port Southern Europe, was €415-430 ($458-474) per tonne on September 18, down from €430-445 per tonne cfr a week earlier.

    Offers of the material from Turkey and India have been heard at €420-430 per tonne cfr Italian ports, while bids have been heard at €410-415 per tonne cfr. A few deals have been heard at €420 per tonne cfr with buyers in Italy. In the meantime, the same suppliers have been offering HRC to Spain at €430-445 per tonne cfr.

    *** Importers' efforts to avoid import tariffs

    Fastmarkets’ weekly price assessment for steel HRC, import, cfr main port Northern Europe, was €425-435 per tonne on Wednesday, down from €430-450 per tonne cfr a week earlier. Turkish and Indian suppliers have been offering the material at €425-435 per tonne cfr Antwerp, Belgium. Demand for imports has been limited due to the generally low demand in Europe and to the fact that buyers believed that prices will decline further so the risks of buying material at the current prices were too high.

    Some sources believed that a definitive decision in the EU’s safeguard case review might support domestic prices. The European Commission (EC) was scheduled to announce its decision by October 1 this year. Earlier this month, the EC approved proposed changes to the existing measures but the official announcement was expected by October 1. The changes will include a maximum limit of 30% of the overall market share to be permitted to each country that supplies HRC to Europe.

    Because Turkey is the biggest supplier of HRC to the EU, buyers were concerned that, if they bought Turkish coil now, their purchases might exceed that 30% limit and become subject to an import tariff. The majority of sources, however, think that low demand across Europe will offset any positive effects from changes in the safeguard measures.

    “Demand is low and stocks [at European distributors] are too high compared with current demand. So there are no signs of positive changes until the end of the year, and I do not think that the review in the safeguard case will bring any changes,” a German trader said. “Sentiment is gloomy, and we do not see any turning point for HRC prices,” a representative of an Italian mill said.

    Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Northern Europe, was €460-465 per tonne on September 18, down from €465-475 per tonne ex-works last week. The assessment was based on offers and the few deals heard in the market. Northern European mills were likely to decrease their offers further because they need to fill their order books for the fourth quarter. Fastmarkets’ weekly price assessment for steel HRC, domestic, exw Southern Europe, was €430-450 per tonne on September 18, widening downward from €435-460 per tonne a week earlier.

    *** The defining Italian market

    Italian mills have been reported to be offering limited volumes of the material due to planned maintenance at an Italian electric-arc furnace (EAF) operator in November, and also to uncertainties related to an instruction from the Italian authorities to close one of the blast furnaces at ArcelorMittal Italia’s Taranto plant. ArcelorMittal Italia, formerly known as Ilva, received an order in July from the Taranto public prosecutor to shut down blast furnace No2 at its plant. The authorities’ demand was related to a fatal accident at the plant in 2015, before it was sold to ArcelorMittal.

    Official offers of HRC from Italian mills have been heard at €440 per tonne ex-works, while the bids heard in the market were €410-430 per tonne ex-works. The upper end of the price assessment represented “workable” prices in Spain. Market sources believed that to stop the fall in domestic prices, European steelmakers will have to reduce their capacities. Two sources have said that some mills in the north have already cut their flat steel output.

    Reference: Metal bulletin

     

     

  • قیمت ورق گرم در چین در روز جمعه 22 فوریه با توجه به افزایش قیمت های پیشنهادی از جانب فروشندگان، افزایش یافت.

  • Import prices for re-rolling-grade hot-rolled coil in Vietnam narrowed upward slightly over the past week amid limited demand for foreign products. Japanese and South Korean mills were offering HRC at $570 per tonne cfr Southeast Asia over the past week, although these were mainly to Malaysia, Indonesia and Thailand.

  • China’s export hot-rolled coil prices moved closer to domestic values on Wednesday February 27, with buyers willing to take higher prices in the expectation that global demand will rebound soon.

  • Prices for hollow steel sections in the domestic European market were unchanged week on week on Wednesday February 27, but increases in hot rolled coil (HRC) prices will soon have a knock-on effect, market sources told Fastmarkets.

  • Some steel coil prices in Turkey decreased in the week ended Friday March 1, with buying activity remaining subdued. The demand was also sluggish, and the price trend for Turkish flat products is expected to decline in early March. This may change as market conditions change after the mayoral elections in the country.


    The market was unlikely to improve in March because of the uncertainty before mayoral elections to be held in the country on the last day of the month, sources told Fastmarkets. Market participants wanted to see if end-user demand would improve after the elections were complete. Buyers placed orders early in February because they had low stock levels, but end-user demand in the country was not strong, so buyers currently preferred to wait and see whether prices would fall further because of the declining cost of scrap raw materials. The daily index for Northern Europe-origin HMS 1&2 (80:20) scrap material was calculated at $303.21 per tonne cfr on February 28, down from $315.28 per tonne cfr on February 21.

    Domestic prices

    Steel mills in Turkey were offering flat steel material from May allocations. The country’s mills were offering hot-rolled coil (HRC) at $550-560 per tonne ex-works for May production, and some deals were made within that price range. Fastmarkets’ weekly price assessment for Turkish domestic HRC was $550-560 per tonne ex-works on Friday, falling from $565-570 per tonne ex-works on February 22. Producers were offering cold-rolled coil (CRC) at $645-660 per tonne ex-works, with deals heard at $650-650 per tonne ex-works. Fastmarkets’ weekly price assessment for Turkish domestic CRC was $650-660 per tonne ex-works on Friday, unchanged week-on-week.

    Import prices

    No new offers or deals were heard from the CIS region for flat steel this week. Fastmarkets’ weekly price assessment for HRC imports into Turkey was unchanged at $530-540 per tonne cfr on March 1, while the weekly price assessment for Turkish CRC imports was also unchanged at $575-580 per tonne cfr.

    HRC exports

    Turkish mills have been offering HRC for export at $545-550 per tonne fob and a deal for a small volume was made at $545-550 per tonne this week. Details of this deal were not available at the time of publication. Fastmarkets’ weekly price assessment for Turkish HRC exports was $545-550 per tonne fob on March 1, falling from $550-560 per tonne fob on February 22.

    metal bulletin

     

  • Turkey’s import volumes of flat steel decreased by 27.06% year on year in January 2019, according to the Turkish Statistical Institute (TUIK).  Also, the import price of the hot rolled coil (HRC) and cold rolled coil (CRC) into Turkey was unchanged week on week.

  • China’s domestic prices for hot-rolled coil continued falling on Wednesday March 6 following downward moves in the futures market.Customers cut procurement rates after seeing the weak futures market.

  • The domestic prices for hot-rolled coil (HRC) in Europe have been largely stable over the past week amid a slow market, sources told Fastmarkets. Meanwhile, some automakers are keeping a cautious eye on whether the United States’ imports of European cars could be affected by Section 232 tariffs in the future.

  • The market for flat steel exports from the Commonwealth of Independent States (CIS) remained slow over the past week, with no change in prices, sources told Fastmarkets on Monday April 8.



    Fastmarkets’ weekly price assessment for CIS-origin hot-rolled coil exports was unchanged at $500-515 per tonne fob Black Sea on April 8.

    Russia-origin HRC was on offer at $515 per tonne fob, while Ukrainian material was on offer at $500 per tonne fob, sources told Fastmarkets.

    Some market participants expect prices to fall later in April because of the continuing weak demand.

    Fastmarkets’ weekly price assessment for cold-rolled coil (CRC) exported from the CIS was stable week on week at $555-560 per tonne fob Black Sea.

    And Fastmarkets' weekly price assessment for CIS-origin steel plate exports was also unchanged at $590-625 per tonne fob Black Sea on Monday.

    Sources said a workable price for Ukrainian plate was $590 per tonne fob Black Sea, while the corresponding price from a Russia-based supplier remained at $625 per tonne fob.

    No new prices have been heard so far this week.


    metalbulletin

     

  • South American import prices for flat steel were almost unchanged this week because of the low levels of demand, but rumors of price increases for specific materials were heard among buyers and traders. In Brazil, recent currency fluctuations have been creating uncertainty and reducing buyers’ ability to book orders.

  • Sales volumes for Brazil’s largest flat steel producer, Usiminas, totaled 1 million tonnes in the first quarter of 2019, down by 7.80% from 1.09 million tonnes in the corresponding period a year earlier, a company earnings report said on Thursday April 18.


    ***Sales volumes of Usiminas

    Domestic sales fell to 885,000 tonnes during the three months, compared with 919,000 tonnes in January-March 2018. External shipments were 119,000 tonnes, from 170,000 tonnes a year before. Apparent consumption was not recovering in Brazil, amid sluggish economic growth. Total steel use was 3.17 million tonnes in January-February, 1.20% below 3.21 million tonnes a year before, according to national steel association Aço Brasil.Demand for flat products was nearly unchanged, totaling 1.93 million tonnes, from 1.92 million tonnes in the same months of 2018.

    But better prices compensated for the fall in volumes, and Usiminas’ net revenues in the steel division totaled 3.09 billion Reais ($789 million) in the quarter. This was 2.80% higher than 3 billion Reais in January-March 2018.Although Brazilian steelmakers have been granting discounts to local customers since late 2018, prices in the first months of 2019 were still somewhat higher on an annual comparison.

    ***Average price assessment for domestic HRC & CRC

    Fastmarkets’ average price assessment for domestic hot-rolled coil (HRC) in the first quarter was 2,498-2,607 Reais ($638-665) per tonne ex-works, compared with 2,433-2,533 Reais per tonne a year before. The latest assessment was 2,560-2,610 Reais per tonne on April 5.The average price assessment for cold-rolled coil (CRC) was 2,750-2,838 Reais per tonne in January-March, up year on year from 2,733-2,833 Reais per tonne. Fastmarkets’ latest assessment was 2,750-2,840 Reais per tonne on April 5.

    ***Average price assessment for domestic HDG


    The uptrend in coated steel prices in the same comparison was stronger. Fastmarkets’ average assessment of the price for hot-dipped galvanized coil (HDG)was 3,250-3,310 Reais per tonne in the first quarter, from 2,933-3,147 Reais per tonne a year before. Prices were last assessed on April 5 at 3,295-3,390 Reais per tonne.Usiminas also showed in its earnings report that sales to Europe remained strong in the first quarter, with the company shipping 44% of its exports to that continent. Argentina was the destination for 41% of shipments while the United States received 11%, it added.

    ***Crude steel production

    Crude steel production at the company’s Ipatinga steel mill totaled 800,000 tonnes in the first three months of 2019, 11.90% higher than 715,000 tonnes a year before, the steelmaker said. Rolled products output from Ipatinga and Cubatão was 977,000 tonnes, falling by 9.05% compared with 1.07 million tonnes.The company used 356,000 tonnes of third-party slabs in the January-March period, compared with 319,000 tonnes in October-December, and 401,000 tonnes in the first quarter of 2018.Total revenues for all of Usiminas’ subsidiaries was 3.53 billion Reais in the quarter, compared with 3.24 billion Reais a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) totaled 487.5 million Reais, down year on year from 641.2 million Reais.
     
    metalbulletin

     

  • Participants expect China’s hot-rolled coil prices to remain high in the days to come following a pickup in domestic trading on Friday April 19.  In fact, the export prices mills are offering are already much lower than domestic prices.

  • Participants expect China’s hot-rolled coil prices to remain high in the days to come following a pickup in domestic trading on Friday April 19.  In fact, the export prices mills are offering are already much lower than domestic prices.

  • The price of hollow steel sections in both the Northern and Southern European domestic markets has remained stable this week amid heavily subdued market activity caused by the Easter holiday. he majority of market participants were absent leaving trading activity thin as a result, sources told Fastmarkets.

  • The price of CRC imports to the United Arab Emirates edged up this week, while HRC and HDG import prices went in the opposite direction on continuing sluggish demand caused by the annual slowdown in the construction sector.


    *** UAE

    Offers for hot-rolled coil imports to the UAE came in at $510 per tonne cfr for material imported from China, with deals for cargoes over 10,000 tonnes heard at $500-510 per tonne from Japan. Indian HRC, meanwhile, was on offer to the UAE at $520-525 per tonne cfr.

    Working hours in the UAE are limited from June 15 until September because of the extreme hot weather, which leads to a reduction in demand for HRC from the construction sector. Fastmarkets’ weekly price assessment for HRC imported into the UAE was $500-525 per tonne cfr on Tuesday July 9, widening downward from $505-525 per tonne on July 2.

    Chinese suppliers were offering 1mm hot-dipped galvanized coil (HDG), with 275g per square meter zinc coating, at $680 per tonne CFR, down from $680 per tonne CFR last week. And Indian HDG was on offer to the UAE at $760-790 per tonne CFR, down from $790-800 per tonne CFR, sources told Fastmarkets.

    Fastmarkets’ weekly price assessment for HDG imports into the UAE was $680-760 per tonne cfr on July 9, down from $700-790 per tonne cfr.The price difference between material from China and India reflects the fact that India-origin HDG is quality assured and has been certified for use in the UAE by the authorities there.

    Meanwhile, cold-rolled coil import prices in the UAE have increased over the past week due to higher offers, sources said. Suppliers in China were offering CRC at around $570-580 per tonne cfr UAE. And while market participants said that no new prices had been heard from India after last week’s offers at $580-590 per tonne cfr, Fastmarkets’ weekly price assessment for CRC imported into the UAE was $570-580 per tonne cfr on Tuesday July 9, narrowing upward from $560-580 per tonne CFR.

    *** Saudi Arabia

    Suppliers in China have been offering HRC to Saudi Arabia at $525-530 per tonne cfr over the past week, but no major deals were confirmed, sources said. Fastmarkets’ weekly price assessment for HRC imported into Saudi Arabia was unchanged at $525-530 per tonne cfr on July 9.

    Reference: Metal bulletin

     

  • Prices paid for flat steel imports into the United Arab Emirates and Saudi Arabia were stable this week, with demand remaining weak amid the seasonal summer lull.


    Buying may improve if prices fall by about $25 per tonne, but such a fall is unlikely any time soon, one market participant said.

     

    *** UAE

    Offers for hot-rolled coil imports from China to the UAE came in at $500-510 per tonne cfr, but no major deal was heard. Working hours in the UAE are limited from June 15 until September because of the extreme hot weather, which leads to a reduction in demand for HRC from the construction sector. Fastmarkets’ weekly price assessment for steel HRC imported into the UAE was $500-510 per tonne cfr on Tuesday July 23, unchanged week on week.

    Chinese suppliers were offering 1mm hot-dipped galvanized coil (HDG) with 275g per square meter zinc coating at $680-690 per tonne cfr, while Indian HDG was on offer to the UAE at $750 per tonne cfr, sources told Fastmarkets. One deal was heard made at $680 per tonne cfr from China. Fastmarkets’ weekly price assessment for steel HDG imported into the UAE was at $680-750 per tonne cfr on July 23, unchanged over the pricing week. The price difference between material from China and India reflects the fact that India-origin HDG is quality assured and certified for use in the UAE by the authorities there.

    Concurrently, the imported cold-rolled coil market in the UAE was very slow over the week, sources said. Suppliers in China were reportedly offering CRC at around $570-575 per tonne cfr UAE, Fastmarkets was told. Fastmarkets’ weekly price assessment for steel CRC imported into the UAE was at $570-575 per tonne cfr on Tuesday July 23, also unchanged week on week.

     

    *** Saudi Arabia

    Suppliers in China have been offering HRC to Saudi Arabia at $515-520 per tonne cfr over the past week, but no major deals were confirmed, sources said. Fastmarkets’ weekly price assessment for steel HRC imported into Saudi Arabia was $515-520 per tonne cfr on July 23, unchanged since July 16.

    Reference: Metal Bulletin

     

  • Turkey imported 515,677 tonnes of flat steel in June 2019, down by 11.29% from the corresponding month in 2018, when 581,315 tonnes arrived in the country, the Turkish Statistical Institute (TUIK) said on Wednesday July 31.


    The country’s total flat steel imports in January-June 2019 came to 3.55 million tonnes, 11.67% less than the 4.02 million tonnes imported in the first half of 2018, due to the country’s weak domestic market. Turkey’s domestic market has been suffering since August 2018, when trade relations between it and the United States soured after the US doubled the trade tariff against the country’s products and the value of the Turkish lira plunged against the US dollar. On July 31, the lira was trading at TRY100 to $17.9126, compared with TRY100 to $20.4852 on July 31, 2018.

    The US brought the duty on Turkish steel goods back to 25% on May 17 this year, and since then sentiment has been slightly more positive in the Middle Eastern country, but domestic demand remained weak. Demand for flat steel was poor in Turkey at the moment because of the summer slowdown and a reduction in end-user consumption. Turkish authorities were considering whether to launch a trade defense case against imports of hot-rolled coil (HRC) from the EU, they told Fastmarkets in June.

    *** June imports

    The principal suppliers of hot-rolled flat steel to Turkey in June were Germany, which shipped 73,645 tonnes, followed by Ukraine with 59,912 tonnes and Russia with 43,266 tonnes. Fastmarkets’ weekly price assessment for steel HRC imports, cfr main port Turkey, was $505-510 per tonne cfr on July 26, unchanged week on week.

    Russia shipped the most cold-rolled coil (CRC) in June at 17,982 tonnes, while Italian material totaled 4,848 tonnes. Fastmarkets’ weekly price assessment for steel CRC, import, cfr main port Turkey, was unchanged at $570 per tonne on June 26.

    In coated materials, Turkey imported 14,824 tonnes of coated coil from South Korea in June, while 8,455 tonnes came from Italy. The principal supplier of alloy flat steel to Turkey in June was France, which shipped 15,049 tonnes, followed by South Korea with 9,833 tonnes.

    Reference: Metal bulletin

     

  • Indian domestic prices for hot-rolled coil (HRC) remained stable in August with import volumes of this key upstream commodity coming to a halt, Fastmarkets heard on Friday August 23.


    “We have been able to maintain domestic HRC prices for the current month because there is no threat of low-priced HRC imports entering the [Indian domestic] market for some [foreseeable] time,” an official from an Indian mill said. According to this official, the current price of HRC could be rolled over into September sales because domestic demand for the commodity has not fallen significantly. 

    The price of steel HRC, domestic, ex-works India, was assessed by Fastmarkets at 36,000-36,500 rupees ($501-508) per tonne on August 23, stable for the past two weeks. Japanese and South Korean suppliers have not offered HRC to the Indian market since mid-July, with the threat of a punitive safeguard duty on imports continuing to loom large.

     

    *** Price Evaluation

    Fastmarkets’ weekly price assessment for steel HRC, import, cfr main port India, on August 23 was $535-540 per tonne, unchanged for a sixth consecutive week in the absence of fresh offers or bookings for commercial-grade HRC. The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $460-465 per tonne on the same day, down by $10 per tonne compared with last week’s assessment at $470-475 per tonne fob.

    Reference: Metal bulletin

     

  • به اعتقاد یکی از کارشناسان حوزه معدن و صنایع معدنی، با توجه به اهمیت احیا و فعالسازی معادن کوچک باید در کنار متولیان این امر (شرکت تهیه وتولید مواد معدنی و ایمیدرو)، بانک‌ها نیز به کمک بیایند؛ چرا که کمبود نقدینگی در این حوزه، از مهمترین موانع اجرای احیا، فعال‌سازی و توسعه معادن مقیاس کوچک است.

  • Hot-rolled coil (HRC) import prices into the United Arab Emirates and Saudi Arabia fell this week, on continuing limited demand, sources told Fastmarkets on Tuesday September 17.


    Buyers do not want to book big tonnages before prices hit bottom, they said.

    *** UAE

    Offer prices for hot-rolled coil (HRC) from China came in at $495 per tonne cfr this week, with offers for for India-origin material at $470 per tonne cfr. One buyer said $450-460 per tonne cfr was a workable price for HRC imports into the UAE from all sources. Fastmarkets’ weekly price assessment for steel HRC, import, cfr Jebel Ali, UAE, was $460-470 per tonne on September 17, down from last week’s $470-480 per tonne cfr.

    Chinese suppliers were offering 1mm hot-dipped galvanized coil (HDG) with 275g per square meter zinc coating at $620 per tonne cfr, compared with $600-650 per tonne cfr last week. India-origin HDG was on offer to the UAE at $695 per tonne cfr, with one deal heard at $690 per tonne cfr. Last week's price was $690-700 per tonne cfr, sources said. Fastmarkets’ weekly price assessment for steel HDG, import, cfr Jebel Ali, UAE, was $620-690 per tonne on September 17, narrowing upward from $600-690 per tonne cfr on September 10. The price difference between material from China and India reflects the fact that India-origin HDG is quality assured and certified for use in the UAE by the authorities there.

    Suppliers in China were offering cold-rolled coil at around $550-560 per tonne cfr UAE, unchanged week on week, while India origin CRC was on offer at $615 per tonne cfr - although sources said this price was too high for the market. Fastmarkets’ weekly price assessment for steel CRC, import, cfr Jebel Ali, UAE, was $550-560 per tonne cfr on September 17, flat from last week.

    *** Saudi Arabia

    Import prices for HRC in Saudi Arabia were at $470-475 per tonne cfr from China, but no major deals were confirmed. Fastmarkets’ weekly price assessment for steel HRC, import, cfr Saudi Arabia, was $470-475 per tonne on September 17, down from $475-480 per tonne cfr.

    Reference: Metal bulletin

     

  • China’s hot-rolled coil market was quiet on Tuesday January 21, with producers suspending their operations before the Chinese New Year, while concerns have emerged over post-holiday demand due to the spread of a mysterious respiratory virus that has claimed several lives.

  • There was limited liquidity in the Asian hot-rolled coil market this week in the lead-up to the major Lunar New Year holidays in key markets China and Vietnam.

  • Hot-rolled coil prices in the United States went down slightly on Friday January 24 due to slow spot market activity amid negative outlooks on ferrous scrap prices, sources said.

  • Fears over a possible price slump for Chinese hot-rolled coil have led some traders to issue export offers that are significantly lower than those of mills.

  • Asia’s hot-rolled coil prices tumbled over the past week despite attempts by major steel mills in the region to shore up the market.

  • Hot-rolled and cold-rolled coil prices were mostly stable in Turkey in the week to Friday February 14, with demand improving because stock levels are low across the country.

  • China dominated hot-rolled coil sales in Asia over the past week with its low prices triggered by the novel coronavirus (2019-nCoV) outbreak.

  • Domestic prices for hot-rolled coil have been fairly stable day on day in the north of Europe and sentiment remains positive, sources told Fastmarkets on Tuesday February 18.

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