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    Middle East and Asia - Steel News Encyclopia

    Billet exporters target sales to SE Asia amid China silence, port issues
    11 ماه قبل

    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.

    Recession in global crude steel production
    12 ماه قبل

    Recession in global crude steel production

    Global crude steel production fell 2.67 percent month-on-month in August, driven by declining Chinese production. It seems that steel-producing countries have reduced their production in line with China's move in the steel market. Continuation of this trend will lead to a decline in global steel production in 2021. The steel market has not yet returned to normal days before the pandemic.

    ASIA HRC: Thin spot liquidity keeps import prices stable
    12 ماه قبل

    ASIA HRC: Thin spot liquidity keeps import prices stable

    Spot prices for imported hot-rolled coil in Vietnam were stable this week amid limited spot price negotiations for Indian HRC.

    ASIA HRC: Demand tepid while negotiations for domestic supplies continue, iron ore falls
    1 سال قبل

    ASIA HRC: Demand tepid while negotiations for domestic supplies continue, iron ore falls

    Tepid demand for hot-rolled coil imports (HRC) persisted in the key Vietnamese market in the week to Friday September 17, with multiple factors causing prices to fall week on week.

    Stop export of Iranian steel to Afghanistan
    1 سال قبل

    Stop export of Iranian steel to Afghanistan

    Last month, Iran's steel export market in Iraq was ceded to Turkey without any effort. The reason for this was the inadequacy and inability to comply with Iran's export obligations. The problem of steel power cuts created this situation. Even now, due to political problems and the rising risk of trading in the Afghan market, it is about to be lost. Of course, the issue of Iraq and Afghanistan is different. But in any case, whatever the problem, it is the Iranian steel export market that is getting weaker day by day.

    ASIA STEEL SCRAP DIGEST: Prices inch up in China amid buyer optimism
    1 سال قبل

    ASIA STEEL SCRAP DIGEST: Prices inch up in China amid buyer optimism

    Firmer Chinese steel markets have been supporting sentiment in the Chinese scrap market, keeping buyers optimistic about September and October, sources told Fastmarkets on Tuesday August 31.

    Asian iron ore trading prices fluctuate
    1 سال قبل

    Asian iron ore trading prices fluctuate

    Iron ore prices on Friday, August 20, slightly retreated from the previous day's losses. But prices in the iron ore market are declining. However, demand from Chinese factories showed no sign of rising prices, and market participants were cautious. It seems that the cross-sectional growth of prices will not be sustainable.

    Decline in iron ore pellet trading in East Asian market
    1 سال قبل

    Decline in iron ore pellet trading in East Asian market

    Market movements in the marine iron ore pellet sector have caused the price of concentrate to fall further in the low trading on Friday. Following the weak demand and the downward trend in the futures market, the prices of iron ore and concentrate pellets in the week ending Friday, August 20 have had a significant significant decrease.

    Assessing drop in hot plate price in East Asian market
    1 سال قبل

    Assessing drop in hot plate price in East Asian market

    Overall, the East Asian hot and cold sheet market was accompanied by a drop in prices. On the other hand, due to the highly competitive offers of Hoa Phat Steel, buyers continue to choose domestic options instead of importing HRC from Russia. Sheet prices are a bit more favorable in domestic markets. Due to more flexible payment terms, there are attractive conditions for purchasing domestic shipments.

    Relative growth of iron ore transactions in East Asia
    1 سال قبل

    Relative growth of iron ore transactions in East Asia

    Iron ore trading has revived in East Asian markets with relative success. The 62% Fine Iron Ore Index traded in CFR format from Qingdao Port at $ 163.52 per tonne, up $ 1.45 from the previous day.

    Growth of marine shipments of mineral raw materials
    1 سال قبل

    Growth of marine shipments of mineral raw materials

    Due to the withdrawal of large industrialized countries from the Corona crisis, we are witnessing the growtoh f maritime shipments of mineral shipments in large companies. Rio Tento exports, for example, rose 9.13 percent to 6.18 million tons a week. These shipments were made from Dampir port and Cape Lambert. Average weekly shipments were estimated at 5.67 million tonnes in the past four weeks