In this note, we will Evaluation of sheet price in the global market. Preliminary evaluations show that this product has been associated with price stability in global markets. Of course, it has recorded a slight increase in prices on a temporary basis in certain days of previous transactions. In the following, we will evaluate the price of hot rolled sheets in more detail. Please be with Artan Press.
*** Evaluation of sheet price from the perspective of Metal Bulletin
Evaluating the data from Metal Bulletin and World Steel, we find that from May 14 to June 11; The price of each ton of imported UAE hot rolled sheet cfr Jabal Ali has been fixed at one thousand dollars throughout the interval. On June 7 alone, the product grew by $ 110. Also, each ton of FOB hot-rolled sheets in Chinese ports remained stable at $ 1,042 as of May 25, and fell $ 209 to $ 833 on May 27. But on May 31, it returned to the $ 1,042 channel and continued to stabilize until the end of the period.
*** Evaluation of sheet price in the Persian Gulf market
In addition to evaluating the price of sheets in the Persian Gulf market, we must also observe the ups and downs of prices in the surrounding areas. In this regard, the cis field is a good representative for comparing prices. Each ton of hot-rolled sheets exported to the CIS FOB Black Sea region was stable at $ 1,010 from the beginning of the period until June 7. But on this date, it saw an increase of $ 120.
The trend continued and then on June 9 saw a drop of $ 122 and 50 cents to $ 1,050 and remained stable until the end of the period. Slab and sheet prices in the global market are moving with a significant convergence. Therefore, CIS slabs remained stable at $ 915 per ton FOB. The steel market outside Iran has reached its peak in terms of price and the range of price fluctuations is in the plus or minus $ 30 range, on the other hand, demand will decrease due to the rainy season.
*** Evaluation of sheet price of cis
Last week, CIS hot rolled sheet exports fell from $ 1,050 to about $ 1,010 per tonne FOB. The average price of Chinese hot rolled sheet exports fell by $ 7 to $ 904 per tonne fob. In Turkey, the last price of imported hot rolled sheet was reduced by $ 20 to $ 1,030 per ton CFR. Imported hot rolled sheets in Southeast Asia also remained unchanged at $ 950 per tonne CFR. In the European domestic market, hot rolled sheets fell by 10 euros to 1,135 euros per ton of factory doors. In the US market, hot rolled sheets improved from $ 1,636 to $ 1,652 per ton of factory door shorts.
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