In May, Chinese rates of major steel items as well as crucial steelmaking inputs all decreased, weighed down by bearish market sentiment amid the pandemic restrictions, Wang observed in his month-to-month market overview on May 30, with thos...
Domestic need from steel customers is anticipated to recoup at a quicker pace in reaction to the easing of restrictions to deal with the spread of the COVID infection and procedures unveiled by the central government targeted at maintaining...
SteelMint's benchmark cost assessment for HRC stood at INR 65,500-66,500/ t ($ 844-857/ t), down outstanding by 3,200/ t ($ 41/t) w-o-w, while CRC prices dropped by INR 3,500/ t ($ 45/t) to INR 75,500-76,500/ t ($ 973-986/ t). Prices are bas...
Yieh United Steel Corp (Yusco), Taiwan's biggest stainless producer headquartered in Kaohsiung in South Taiwan, revealed on May 30 that it was cutting its listing costs for 304-grade stainless hot-rolled coil (HRC) and also cold-rolled coil...
Indian steel majors have taken out from the overseas markets today after the federal government announced a 15% export tax on ended up steel items, consisting of warm rolled coils (HRC). The news was made late last Saturday, 21 May, 2022. Gl...
This is because the car manufacturers are anticipating steel prices to go down even more against the backdrop of the federal government's just recently revealed export obligation levy on completed steel among other products. " Conversations...
Offers for Japanese bulk H2 have actually come down to $480/t CFR levels. Yet, no fresh deal was wrapped up for Japanese product, regardless of offers having come down to four-month lows. Furthermore, Vietnamese buyers believe that Japan's c...
Early morning Short: Exports of semi-finished products like billets and also pieces are most likely to boost in the near term, according to SteelMint's quotes. This is since the government has left this segment unblemished in its current ann...
On Monday morning, deals for SS400 quality 1.6 mm human resources reduced sheet (1,219 x2,438 mm) were transacted in Tokyo at Yen 129,000-130,000/ t, while those including SPCC quality 1mm thick CR reduced sheet (914x1,829 mm) were at Yen 14...
During January-April 2022, production quantities visited 3% to 2.65 million tonnes (mnt), compared to 2.73 mnt seen in the exact same period last year. Sales down 4% m-o-m in Apr '22 South Korea's cold-rolled steel sheet sales dropped 4% to...
