In mid-August, news broke that stability was returning to the rebar and beam market. But it seems that the quiet days of this market did not last long. The growth of the Nimai exchange rate led to an increase in the base price of steel ingots.
China’s HRC prices gained in the domestic market on Monday September 14, but some exporters signed deals to Vietnam at prices below market averages.
Export prices for China’s CRC and hot-dipped galvanized coil lost some of their upward momentum in the week ended Tuesday September 15 amid a softening domestic market in China, sources told Fastmarkets. *** China’s CRC Fastmarkets’ weekly price assessment for China’s CRC main port was $605-610 per tonne on Tuesday, up by $10-15 per tonne […]
Trading activity in China's hot-rolled sheet market increased in response to improved futures, although prices fell from yesterday.
A softening dollar led china HRC producers to their export offers flat on Tuesday September 15 despite a weakening domestic market.
The price of Chinese hot rolled sheets in the domestic and export markets has fallen due to losses in the financial markets.
Brazilian flat steel manufacturers have announced a price increase of at least 10% on all their products.
The price range for steel H-beam in Europe widened this week with producers achieving increases although distributors struggled to pass on the higher costs, sources told Fastmarkets on Wednesday September 16.
Limited supply of hot rolled sheets, as well as increased offers from the Vietnamese plant Formosa Ha Tinh Steel Corp, boosted import prices in Vietnam last week.
One of the main prerequisites for the realization of the production leap in Golgohar Mining and Industrial Company is the supply of raw materials for production lines. To make the leap in production this year, the company has tried to buy about 60 percent of its raw materials from other mines, which has required careful planning. According to the estimates made from the capital increase of this mining company, 11 thousand billion Rials was allocated to buy concentrate from the country's mines.