Flat steel import prices in the UAE and Saudi Arabia have risen over the past week due to high price offers.
CIS flat steel export market was slow during the week to Monday January 11 because suppliers had just returned from holidays, although the general market mood was positive, sources told Fastmarkets.
Supply restrictions in Brazil have inflamed the global steel and iron ore market. This is in the form of a glucose in global steel exchanges. In addition, steel mills blame Chinese traders' speculative buyers for the sharp rise in prices this month.
The domestic rebar market in Russia was calm in the week ending January 11, and market activity has been slowly improving since the holidays.
Rising prices in international steel transactions are a hot topic these days in steel analysis and news outlets around the world. The issue that has fueled this unexpected rise in prices is the sharp rise in prices for downstream steel resources such as iron ore and coal, which has left the steel market worldwide with an indescribable inflammation. Join Artan Press in this report to examine the most important factors and factors in increasing the world price of steel.
Flat steel prices in the Turkish domestic and export markets remained unchanged in the first week of 2021 after the holiday.
The domestic flat steel market in central Russia around Moscow calmed down after the New Year holidays.
The European wire rod market was calm in the week ending January 6 as the holidays continued.
Beam prices rose in Europe before factories returned to the market after the New Year holidays.
The CIS billet export market is quiet this week and most manufacturers are on holiday.