The new week in global markets was accompanied by a drop in steel prices in many steel bases. The main reason for the decline in steel prices in international exchanges should be attributed to China's control behavior. Continuation of this trend along with the strengthening of the dollar will cause the global steel market to fall into a temporary slump in transactions.
Brazilian slab export prices remained stable as buyers and sellers held their ground in negotiations for August-shipment batches amid high flat steel prices and raw material costs.
Imports of steelmaking raw materials into the United States fell by 14.56% month on month in April, primarily due to reduced inflows of direct-reduced iron (DRI) over the period, according to the latest data from the US Census Bureau.
The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021, the company said on Wednesday May 26.With 19 million Reais ($3.6 million) in investments for a revamp, ArcelorMittal will resume activities with one of the two electric arc furnaces in the plant. The company first cut output at Barra Mansa in February 2019.
Prices for cold-rolled and hot-dipped galvanized coil in the United States again jumped to all-time highs this past week, with market participants continuing to cite the lack of spot supply as the main driver behind the surge.
The price of imported flat steel in South America continued to rise for almost a quarter, as Chinese materials were at high levels in March 2021 and April 2021 due to domestic market strength.
Iron ore prices rose in both futures and offshore markets on November 11th.
One of the most important challenges posed by the corona crisis around the world is the heavy economic impact it has had on the economies of industrialized nations.
The outcome of the US presidential election is so significant that it will affect the whole world, and in the current situation we live in a world where there is no country indifferent to the US election. Virtually all countries will be affected by the different scenarios of this election. Whatever the outcome, some countries will be positively affected by this outcome, and some will be affected, and practically stock exchanges in the world will grow and consequently fall.
The International Monetary Fund ( IMF ) is one of the most authoritative sources for announcing economic reports at the international level, which analyzes the situation of the world's financial and economic markets according to the program every year this month.