In recent days, the issue that has been felt in summarizing the news published from international steel bases is the entry of investors into the steel sector and the rise of global markets due to the lower risk of the Crohn’s pandemic. A review of the latest Metal Bulletin report on steel product prices in global markets shows that global steel prices have been relatively stable, as have CIS global prices. In the following, we will analyze the global steel markets and some parallel markets. Please stay with Artan Press until the end.
*** CIS FOB Black Sea export ticket price
According to the latest news announced by the International Steel Department in Metal Bulletin, the price of CIS FOB Black Sea export billet decreased by one dollar to $ 604 and the price of other CIS export products as well as Iranian export billets and slabs remained stable. But imports of northern European scrap fell by $ 1 to $ 474 per tonne, and Indian imported scrap was sold at $ 479 per share, up $ 51. 62% grade iron ore delivered to Qingdao Port Safe also traded up $ 5 at $ 173.
Given the prices of steel products in world markets and Iran’s high capacity to meet part of the needs of this market, it is necessary for the government and parliament to mobilize all their mechanisms to take advantage of this opportunity and prioritize steel exports, a significant part of the needs Eliminate the currency created by the decline in oil exports.
*** China is the main channel and a major player in the steel industry this year
Iran’s steel industry should not waste opportunities in the current situation. In the worst days of the Corona pandemic, Iran has seen a 20 percent increase in production, which is considered unrivaled. It must be able to maintain its position for the current situation. But what stands out in the meantime is the lack of a clear export strategy by the government, which has always threatened exporters of steel products so that producers can not plan long-term exports because there is a possibility that the Ministry of Silence will not issue an export tick.
China is the main channel and important player in the steel industry this year. The daily production of crude steel among 318 Chinese steel mills in the first ten days of this month shows a drop in production rates and according to the latest reports another 23,400 tons per day Or 0.8% decrease compared to the end of December to an average of 2.92 million tons per day. 318 steelmakers including 247 blast furnace (BF) plants and 71 arc furnace (EAF) plants across China were evaluated in this study.
*** The deepest recession since World War II
The Corona Pandemic Crisis in 2020, according to the World Bank, marked the deepest recession since World War II, which was not only unpredictable but geographically unique, as the world began the new year. The virus is still with us, and although it is predicted that with the discovery and distribution of the corona vaccine, economies will return to their previous state quickly, but caution and uncertainty in planning and decision-making until the emergence of post-corona conditions and the end of this business story. Will be accompanied.
Reputable international institutions reported a decline in global GDP in 2020 of between 3.7 and 4.4 percent, while in the hope of reopening markets, global GDP growth in the new year is projected at 4.4 to 5.4 percent, all Optimism promises to increase consumption in 2021 and better days than what happened to the world in 2020.
Factors such as population growth, urban population growth, automotive sector growth, rising construction and infrastructure costs, and growing demand for steel are expected to affect the global steel market for a long time. Nevertheless, price fluctuations challenge the growth of the industry. Several notable trends, including technological advances, increasing demand for stainless steel, and increasing demand for recycled steel, are things that could revolutionize the steel industry in the new year.
*** Global steel markets growth
The global steel market is expected to grow in the future due to increased infrastructure activities and increased acceptance of steel in the automotive, electricity and other end-use industries. Geographically, China is the most important player in global steel production, supported by increased automobile production and the growth of electrical appliances. India will see the fastest growing steel market this year as urbanization, industrialization and infrastructure investments increase, and this is the first time the country has played such a role in the steel market equations.
The forecasts for the global steel market outlook, compiled by the largest international reputable steel publications, depend on a very important factor: the expected corona virus outbreak by the end of this winter and the success of the production of corona vaccines. In the world. However, the observation of the corona virus leap in Europe and the second wave of rising infection and lockdowns (holidays) as well as the onset of winter, still emphasizes the unpredictability of economic conditions as the main feature of 2021.
*** Iron ore prices are rising
Therefore, it seems that due to the uncertainty of the situation and the unpredictability of the future in the coming year, more than anything, the focus is on quick and short-term decisions and intelligence in implementing and daily monitoring of news and changes in business environment for success It is necessary.
Iron ore prices are rising. The daily value of iron ore at the beginning of this year reached approximately US $ 160 per ton. This level was last recorded in early 2013. Rising demand, especially in China, is driving up raw material prices. Disputes between Chinese and Australian officials have limited trade in various goods between the two countries. However, this has not yet affected the transportation of iron ore due to the need for high quality materials in China.
Supply restrictions in Brazil have inflamed the global steel and iron ore market. This is in the form of a glucose in global steel exchanges. In addition, steel mills blame Chinese traders’ speculative buyers for the sharp rise in prices this month.
Fear of taxes could potentially lead to an inventory of Australian iron ore shipments to China. There are suggestions that supply is deliberately limited to increase the price of steel raw materials. This is an idea that has been rejected by related miners.
این مطلب بدون برچسب می باشد.