The evaluation of the sheet market in the global market shows that this area has reached a price stabilization. We are unlikely to see price increases in steel sheet transactions in the global market. We are in a situation where the global sheet market can also set prices for slab rates. Therefore, the price of slabs in the world market will be stable.
The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of the global price uptrend and noting lower scrap costs in the country.
Prices in the United States for domestically produced hollow structural sections increased this past week while market participants digested a late flurry of price hikes by three producers.
The price of stainless steel flat products in Europe surged during the week to Friday June 11 because of an acute supply shortage, sources told Fastmarkets.
The trend of steel prices in the commodity exchange, due to rising global rates and the relative growth of the dollar, has led to an upward trend. Supplies in the domestic market are controlled by reducing buyer interest. In the current situation, we can not expect a drop in steel prices on the stock exchange. But we hope that the prices do not deviate from this logical path.
The steel rebar price in Russia's Central Federal District around Moscow was largely unchanged over the past week, with market participants believing the price has touched a ceiling and not expecting further rises.
The Association of Steel Producers has reported on the performance of Iranian steel production in the first two months of the year. In this estimate, we have witnessed a 16% growth in production compared to the same period last year. It seems that the growth of world prices has brought this growth potential for Iranian steel.