Market Intelligence on Steel and Raw Materials
| Billet | ||
| Ukraine, $/t FOB Mariupol | 590-5951 |  |
| Rebar | ||
| Turkey, $/t EXW + VAT | 644-662 | |
| WR | ||
| Turkey, $/t FOB | 665-6752 | |
| CRC | ||
| China, $/t FOB | 690-710 | |
| Scrap | ||
| South Korea, $/t C&F | 4223 | |
1 - ex-Elektrostal
2 - mesh quality
3 - HMS 2; ex-Japan; deal
2 - mesh quality
3 - HMS 2; ex-Japan; deal
| Billet | |||
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Ukraine, $/t fob  |
| Rebar | |||
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Turkey, $/t fob  |
| HR coils | |||
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Russia, $/t fob Black Sea  |
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World Steel News
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all news
price news
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Example: scrap, "far east"
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18.05.12 18:13 | Italian sections producers try to resist price decreases Long products / South Europe Italian sections suppliers have been unable to confront the negative trend amid deteriorating market conditions. Local traders still show very slack activity amid feeble demand from consuming industries... |
18.05.12 18:08 | Prices for Turkish structurals start sliding Long products / Turkey Turkey’s structural steel market is still seeing rather weak demand from both domestic and foreign buyers. Amid low purchasing interest from consuming industries, local customers are booking only small volumes when needed... |
18.05.12 18:04 | Chinese producers mainly trim domestic prices for June flats Flat Products / China Buying is still fading in the Chinese domestic market. Traders have slashed purchases amid a seasonal drop in end-user demand. Nevertheless, stocks are falling at a much slower rate as compared to end-April... |
18.05.12 17:56 | Domestic prices for Turkish rebar and billet soften again Long products, Steel Semis / Turkey Purchasing activity in the domestic longs market of Turkey remains weak. Both traders and end users are still buying just small parcels to serve their immediate needs... |
18.05.12 17:53 | Turkey exporters have to cut longs prices again Long products, Steel Semis / Turkey The downward trend persists in the Turkish export market for longs and semis. Only some foreign buyers purchase small lots of the material, while most of them are ready to sign contracts if additional discounts are granted... |
18.05.12 17:34 | Export prices for CIS longs easing down Long products / CIS The CIS finished longs export market is deteriorating. CIS suppliers have been forced to cut prices again amid the continuing fall in Turkish longs quotations ($5-10/t down over the past week)... |
18.05.12 17:29 | Rebar prices keep on sliding in USA Long products / USA A seasonal drop in construction is reinforcing the bearish sentiment in the US rebar market. Traders have adopted a wait-and-see attitude, as they have failed to empty stocks filled with import material... |
18.05.12 17:28 | Sellers and buyers of flat products in Taiwan differ in forecasts Flat Products / South East Asia The Taiwanese flats market balance is fragile. Local traders continue to insist on reductions in view of high stocks, slower activity of end consumers and no background for improvements till the middle of Q3. Last month, local car makers... |
18.05.12 17:28 | MMX (Brazil) cuts iron ore shipments in Q1 Iron Ore / Brazil Brazilian company MMX Mineracao & Metalicos SA (MMX) cut iron ore shipments to 1.39 mt in Q1 (-28% q-o-q); 79% of the material was sold domestically, 21% was exported. The reduction is due to adverse... |
18.05.12 16:55 | Continental Coal (South Africa) to buy 50% stake in coking coal mine Coal & Coke / South America South Africa’s Continental Coal plans to buy a 50% stake in a coking coal mine in Colombia for $15 mln. The company has signed a preliminary agreement by now... |
18.05.12 16:53 | Export prices for Venezuelan HBI trending down HBI / South America Export prices for HBI have decreased in Venezuela this month due to deteriorating finished products segment and falling pig iron prices... |
18.05.12 16:49 | Turkish steelmakers import only European and Canadian scrap Scrap / Turkey Turkish steelmakers choose scrap suppliers carefully. Amid a permanent decrease in domestic and export prices for rebar this week plants seek lower prices from scrap collectors. EU traders have been the first to offer discounts, as they can... |
18.05.12 16:29 | Foreign flats suppliers to Iran cut prices on poor demand Flat Products / Middle East Demand for flats remains extremely weak in Iran. Most local buyers and traders to this destination keep staying in a wait-and-see mode waiting for the talks between Iranian government and the international community in late May... |
18.05.12 16:24 | Flats prices slump in India Flat Products / India The Indian flats segment is experiencing a slowdown in business activity, in both domestic and export market. Most foreign buyers (including those in Europe and the Middle East) refuse to sign contracts amid the global bearish price trend... |
18.05.12 16:20 | Chinese flat product market softens further Flat Products / China Market participants predicted another decline in Chinese export flats prices, and it is what they see now. Most of foreign customers still avoid negotiations, being sure the downward trend will continue. No wonder Chinese HR and... |
18.05.12 16:01 | No foreign demand for US scrap Scrap / USA US steel scrap exporters are holding prices firm despite weak demand from Turkish mills who are the key importers of US material... |
18.05.12 15:39 | Export prices for CIS square billet sliding down Steel Semis / CIS Positions of CIS square billet exporters are weakening. As scrap prices are likely to keep falling in Turkey, buyers continue to put pressure on suppliers when negotiating sales of June billet output... |
18.05.12 15:11 | Long product prices keep sinking in Poland Long products / Central Europe Prices keep on decreasing in the Polish longs market. Albeit demand has grown slightly because local traders need to restock, the EUR 10/t drop in scrap prices this month has forced suppliers to make further reductions... |
18.05.12 14:06 | Japanese supplier sells scrap at reduced prices to South Korea, American one – to Taiwan Scrap / Far East In the third week of May, Japanese steel scrap exporters have lowered offers to all Far Eastern buyers, while only few suppliers from the USA make reductions... |
18.05.12 13:50 | Coking coal consumers still reluctant to book Australian material Coke&Coal / Australia Australian coking coal market is still in the doldrums. Prices for high-quality coking coal added another $3-5/t early this week, reaching $220-222/t FOB Gladstone... |
18.05.12 13:24 | Chinese iron ore market observes another price downturn Iron Ore / China Demand for iron ore has been quite weak this week and although exporters’ expectations that a price decline will help to raise the number of deals have come true, it has not brought desired results... |
18.05.12 12:45 | Brazil's MPX to mine PCI coal from San Juan mine Coke&Coal / Brazil The Brazilian power company MPX has determined reserves of San Juan mine: 92% of PCI coal and small volumes of thermal coal (6,200 kcal/kg)... |
18.05.12 12:32 | Iranian longs suppliers still unable to decide on pricing policy Long products / Middle East The situation in the Iranian longs and structural segments has changed drastically in the second half of the month. Local producers have decided to move up their quotations... |
18.05.12 10:38 | Japan's Tokyo Steel lowers scrap buying prices for two plants Scrap / Far East Japan’s Tokyo Steel has cut scrap purchase prices by JPY 500/t ($6/t at the exchange rate $1 = JPY 79.29) for Tahara and Okayama production assets... |
17.05.12 18:20 | Mills' HRC prices about to fall again in Turkey Flat Products / Turkey Turkish HRC suppliers are having hard times lately. Being sure the downward trend will persist and seeing slack demand from consuming industries, local traders refrain from purchases despite low stocks... |
17.05.12 18:18 | Taiwanese longs makers have to lower prices Billet & Longs / South East Asia The situation in Taiwan’s market for long products remains tense. Having large volumes on hand, local buyers refrain from making new deals and focus on optimizing stocks amid the seasonal worsening... |
17.05.12 18:05 | Demand for pig iron rising in USA Pig Iron / USA Prices in the US pig iron market start to fall. Suppliers have made reductions in order to attract consumers, who have been staying on the sidelines from the beginning of May on sufficient stocks and weaker demand for finished products... |
17.05.12 18:04 | North American suppliers of coking coal strengthen position on demand from India Coke&Coal / USA The North American market for coking coal has seen positive changes this week: several deals mainly with Indian buyers have been done. New bookings are attributed to irregular supply of high-quality coal from Australia... |
17.05.12 17:54 | SE Asian buyers of slabs take wait-and-see attitude Slabs / South East Asia Slab suppliers to the countries of South East Asia continue to stay in a desperate situation. Low buying activity of re-rollers, caused by weakening of the market for flat products in the region... |
17.05.12 17:53 | Turkish companies negotiate with Canadian scrap exporter Scrap / Turkey Turkish companies are actively searching for alternative suppliers of steel scrap as American ones refuse to back down, while the Europeans have left the global market due to religious holidays... |
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