Steel in the World - Steel News Encyclopia
CHINA HRC: Prices drop as coal-led tumble resumes
Spot prices for hot-rolled coil in China fell further on Wednesday October 27, with the coal-led broad-based decline in the futures markets resuming following the state planner’s latest attempt at cooling coal prices.
Domestic stainless steel demand in China weaken amid power woes
China’s domestic demand for stainless steel has weakened in the past few week due to a widespread electricity shortage across the country, which weighed on prices in the week to Wednesday October 13.
Billet exporters target sales to SE Asia amid China silence, port issues
Steel billet sellers are increasingly exploring options to sell material into Southeast Asia amid a lack of interest in imports from key buyers in China and the worsening Chinese port congestion.
COKING COAL DAILY: Prices stable in China amid soft buying interest
Coking coal prices in both the cfr China and fob Australia markets held largely steady on Tuesday October 12, mainly due to a lack of buying activity, sources told Fastmarkets.
CIS LONG STEEL: Producers eye price increases amid rising raw materials costs
Long steel exporters from the Commonwealth of Independent States (CIS) are targeting higher prices amid rising international scrap prices, sources told Fastmarkets this week.
CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices
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.
IRON ORE DAILY: Prices continue to rise on active port trading
Iron ore prices increased on Monday October 11, with active trading continuing at ports in China following on from the end of the week-long National Day holiday on Friday, sources told Fastmarkets.
China import billet prices largely flat but sellers bullish
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.
Latest situation of UAE rebar market
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. […]
Alliance of Russian steelmakers to protect environment
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 market on Chinese market holidays
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.