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
Although the dollar has risen sharply in recent weeks, it has slowed in recent days. Despite the market resistance to prices, we see that rebar manufacturers have increased the price of their products. Yesterday, the price of rebar increased by 400 to 500 Rials per kilo. The foreign exchange market has not reacted to the Japanese foreign minister's visit, which is said to send a message to Iran. On the other hand, the situation of Herat foreign exchange market as one of the two cross-border cash foreign exchange markets is still in a state of ambiguity. Political issues seem to keep market trends on the rise.
Nationwide closure of banks, government offices and stock exchanges will effectively disrupt the path of industrial transactions, especially in the field of iron and steel, if not closed. Most likely, after leaving the nationwide closure phase, we will see a price peak in the supply of steel products. No matter how hard the government tries to stop this price increase, it seems unlikely that it will go anywhere.
China’s cold rolled coil (CRC) production reached 25.319 million tons in the first seven months of this year, up 18.4 percent from a year earlier.
Due to the withdrawal of large industrialized countries from the Corona crisis, we are witnessing the growtoh f maritime shipments of mineral shipments in large companies. Rio Tento exports, for example, rose 9.13 percent to 6.18 million tons a week. These shipments were made from Dampir port and Cape Lambert. Average weekly shipments were estimated at 5.67 million tonnes in the past four weeks
Iran’s steel market is accompanied by many ambiguities. Until yesterday, there was talk of ambiguity in pricing and trading methods. But ambiguities seem to have entered the export route. steel export restrictions are a hot topic these days. In the market, we are witnessing export barriers in the steel sector. Even some stock market propositions […]