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
Prices for steel billet exports from the Commonwealth of Independent States remained firm over past the week, supported by demand from China.
Tepid demand for hot-rolled coil imports (HRC) persisted in the key Vietnamese market in the week to Friday September 17, with multiple factors causing prices to fall week on week.
Iran's steel prospects are heavily dependent on iron ore. We must carefully examine the trend of this mineral in the main government. Iron ore seems to allow prices to fall in world markets. If Iran is to pursue the growth of global development indicators in the steel sector, it must keep pace with global growth. Operating as an island in the steel market is doomed to failure.