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
Chinese domestic rebar prices continued to rise on Monday October 11 after steel mills increased their list prices, but market participants remain pessimistic about demand and prices for the rest of October.
Import prices for cargoes of steel billet to China were unchanged on Friday October 8, but a growing sense of bullishness from the sell-side was reflected in offer prices, sources have told Fastmarkets.
Sources told Fast Market on Tuesday (October 5th) that the price of steel rebar and ingots has dropped in the UAE and demand remains low. Chinese holidays seem to be putting pressure on all international markets, especially the rebar market. In the following, we will evaluate the UAE rebar market. Please be with Artan Press. […]
Magnitogorsk Iron & Steel Works (MMK), one of Russia's largest steelmakers, has also entered into decarbonization projects and reported significant progress. Environmental protection is slowly taking shape in the hearts of mining and steel companies. In this note, we will refer to the fast market report of the company's actions
Iron ore prices were mostly stable on Tuesday, October 5, and there was low liquidity in the physical and futures markets during the Chinese holiday. Estimates show that closing markets is the most important factor in lowering prices and reducing the likelihood of buying.
China is doing its best to ensure sufficient capacity to meet the needs of heavy industry. China is stepping up its efforts to ensure adequate electricity for heavy industry due to electricity constraints in various parts of the country. China's Development and Reform Commission has put measures on the agenda.
Based on official statistics released from official sources and market observations, it is easy to see that inflation in September last year was unprecedented. This was not unexpected because the summer was virtually out of control of either government. Commodity and consumer markets were experiencing relative price increases, but some markets saw price growth of up to 60%. In the following, we will evaluate this economic factor.
Reduce greenhouse gas emissions next winter. China's control of the pollution index looks set to tighten in the future.
The export pig-iron market from the Commonwealth of Independent States was firm during the week to Thursday September 30 on reduced trading activity.
Spot prices for imported hot-rolled coil in Vietnam were stable this week amid limited spot price negotiations for Indian HRC.