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
In a hasty decision, the government passed an export duty on miners' performance, which was rejected by parliament. This plan is a seal of approval for the resumption of rents in the steel market. Steelmakers are looking to buy cheap raw materials. But this way will lead to the destruction of the downstream steel chain.
Iran's transit volume is positive despite the prospects of sanctions in recent years. It seems that Iran has come to the conclusion that it must spend on the growth and development of its port and customs infrastructure. This has happened in developed countries as well, and Iran needs to act a little faster in this regard.
Prices of hot-rolled coil across China’s domestic market fell sharply on Monday August 2, while futures prices tumbled after Beijing’s latest comments on carbon emissions reductions sent confusion across the markets, sources told Fastmarkets.
Steel ingots trading will be in the trading ring of the Commodity Exchange after about 20 days of closure and stoppage of supply from tomorrow. Although the market view of these offers will be positive, but there are concerns about the lack of buyers in this market. It remains to be seen how the buyer will react to the one percent price increase after 20 days of ingot supply shutdown.