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
Overnight steel production has been a topic of discussion since late last week and was officially approved after the Ministry of Energy issued a circular in cooperation with the Ministry of Silence. Rollers, who are going through the toughest conditions in the steel market these days, were a little happy about this and the production hopes in this group increased. It remains to be seen how the market will react to this issue.
Prices in the Commonwealth of Independent States export billet market were largely unchanged during the week to Friday July 16 with various factors influencing the market.
Europe has ambitious goals for its environmental indicators. Europe aims to be the first continent free of environmental pollution in the world. The purpose of these proposals is to prepare all sectors of the EU economy to meet this challenge. The Commission set the European Union on track to achieve its climate goals by 2030 in a fair, cost-effective and competitive manner.
Hot-rolled coil prices across China’s domestic market edged lower on Friday July 16, while futures prices dropped to a one-week low following Beijing’s fresh pledge to ensure stable supply and prices for commodities.