Middle East and Asia | صفحه ۳ از ۸ | آرتان پرس
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.
Increasing crude steel production in GCC countries
Crude steel production in the Persian Gulf countries has increased in the first 5 months. Qatar is engaged in construction and steel consumption due to hosting the World Cup and treats other countries in this field differently. Entering the prefabricated housing industry in the UAE and Saudi Arabia has led to acceptable growth in crude steel production in the GCC countries.
ASIA HRC: Prices see slight rebound amid returning demand
Demand for SAE1006 hot-rolled coil in the Vietnam import market improved slightly during the week to Friday June 25 amid reviving interest from buyers, sellers in India told Fastmarkets.
Steel mills in India keep domestic HRC prices unchanged despite lower offers from traders
Indian steel mills kept their domestic hot rolled coil offers unchanged on Friday June 18, despite local traders continuing to undercut their prices by as much as 3,500 rupees ($47) per tonne, Fastmarkets understands.
ASIA HRC: Sentiment in Vietnam battered by Covid-19 pandemic
Demand for SAE1006 hot-rolled coil in the key import market of Vietnam remained extremely weak in the week to Friday June 18 due to the surge in Covid-19 infections, especially in Ho Chi Minh City, market sources said.
Persian Gulf Billet and Rebar Market Evaluation
Despite the drop in prices, Jalij Fars Steel is experiencing reasonable demand in the field of rebar and billets. It seems that steel prices in this area have stabilized. Of course, some steel products were left without customers at the offered rates.
Singapore rebar import price falls amid weaker steel prices in China
The price for imported rebar in Singapore fell during the week to Monday May 24 due to turnaround in market sentiment and spot prices in China, market sources said.
GULF STEEL BILLET, REBAR: Prices increase sharply on strong demand
Steel billet and rebar prices increased sharply in the United Arab Emirates during the week ending Tuesday May 18 due to very good demand after the Eid al-Fitr holiday ending earlier in the week, sources told Fastmarkets.
Restrictions on middle steel exports in the Persian Gulf
Iran's central steel exports have come to a standstill by some analysts. This impasse is predicted in a situation where all global steel markets are in a very good position. Iran's export focus should be on China. In this case, there will be no threat to Iranian steel.
Asia steel billet prices rise again but China momentum slows in late week
The price of steel billet sold to China increased again over the seven days to Friday April 9, stalling by the end of the week due to higher domestic billet supply to Tangshan, sources said.
FOCUS: HRC in Asia could rise beyond $1,000/t, stay at historic highs
The price of hot rolled sheet imports in Asia could exceed $ 1,000 per tonne in the coming months.
