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
The parliament has recently proposed a scenario for the supply of cement in the commodity exchange. This plan in the community can help solve the problem of cement supply in the short term. But it can not play an effective role in discovering the real price of this product in the open market. It is necessary to think about the supply of electricity to the industrialists as soon as possible.
Prices of hot-rolled coil in China’s domestic market edged lower on Tuesday July 27 and futures prices fell due to Covid-19 concerns and stock price tumbles weighing on market sentiment, sources told Fastmarkets.
A looming potential steel export tax, and more changes in value-added tax rebates for steel exports, are keeping export trades very thin, sources told Fastmarkets.