The situation of world steel markets in the early days of the New Year Rise of the US House to impeach Trump RUSSIAN REBAR : Market slow after holidays; sources expect prices to rise RUSSIAN FLAT STEEL : Prices set to move higher after holidays Currency and gold prices fall after the recent US developments
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.
Due to the upward trend of the international scrap market, the price of scrap imports in South Asia increased in the week ending December 24.
Flat steel import prices have risen in the UAE and Saudi Arabia over the past week.
The price of imported hot rolled sheets in the main market of Vietnam reached its highest level in two and a half years due to increased demand.
Flat steel import prices have risen in the UAE and Saudi Arabia over the past week, although this has been adjusted in the UAE due to the holidays.
Chinese hot rolled sheet is still the main source of supply for Vietnam's main import market due to high demand.
Exports of Chinese steel plates rose further last week due to continued buying from Southeast Asia. Fastmarkets’ price assessment
The market for steel billets imported into Southeast Asia rose again last week, with suppliers raising their bids on steel prices in China.
The rising flat steel market in Asia supports the export price of cold and galvanized sheet.
Prices of imported hot rolled sheets in Vietnam, Asia's main market for flat steel products, rose last week due to a shortage of materials.