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
Spot prices for Chinese cold-rolled coil and hot-dipped galvanized coil largely held steady over the past week amid sustained fears over an introduction of an export tax and shipping woes.
The gap between the Fast Market Index for Iron Ore's 65% Brazilian Fine, cfr from Chigdao Port and 62% Fine Iron from the same port in the CFR trading format has been declining since July. This decline last week has been followed by changes in volatility
The price of domestic hot-rolled coils in hot-rolled coils caused the recent rise of sheet metal and other related steel markets on Wednesday, August 25th. This happened at a time when industry data show an increase in production in mid-August. The general expectation was that prices would increase as production increased. But despite the recession […]