CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices China import billet prices largely flat but sellers bullish Iron ore market on Chinese market holidays Alliance of Russian steelmakers to protect environment China Development and Reform Commission efforts to supply steel power
This year's slogan was to disrupt production. These days, the steel and cement sectors are under the blade of the power outage problem. Continuation of this path will deal a fatal blow to the entire steel chain and construction and development projects. The payment subsidies recently offered to steel companies will be a housing boon for the industry, with some ambiguities in its operation.
The recession in the steel market has entered a new phase while all factors have joined hands to continue this trend. Power outages, rising dollar prices, rising raw material prices, policymaker passivity, and the gradual removal of rollers from the steel chain and rents in the steel market have caused market conditions to move toward code that makes zero demand signs appear normal in the market.
The iron ore market continues to thrive despite rising prices and factors such as the imposition of tax penalties. Every day we see an incredible growth rate in this area. China is looking for an approach to enforcing regulatory policies in this market. But some advisers have warned the country that the situation could exacerbate the market situation.
Hot-rolled coil prices increased in China’s domestic market on Tuesday July 6, following gains in futures prices, while market participants continued to digest talks of production cuts.
Vale has taken a creative approach to combating carbon dioxide emissions. Vale, the world's largest iron ore producer, has equipped its VLOC vessels with a Silver Stream bubble propulsion system to reduce fuel consumption. This can greatly reduce the cost of transporting mineral raw materials in the short term.