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CISA: China's steel prices to stabilize in coming term

For the 2nd half of this year, steel need is most likely to improve progressively as the effect of Beijing's collection of actions to stabilize economic growth will certainly arise. Apart from the existing measures, the government might step...


NBS: China's H1 rebar output falls 14% on year

On the other hand, rebar made up 17.6% of the 667.1 million tonnes of finished steel China created in H1, according to the NBS data.During June alone, China created regarding 20.1 million tonnes of rebar, down 8.3% from May. The June total a...


WEEKLY: Bearish market trends impact global ferrous scrap prices

Turkiye prices visit $25-30/ t w-o-w: Turkiye's imported scrap market remained slow mainly as a result of lack of steel demand. Arrangements continued to be slow in the market as just a couple of fresh deals were reported in the direction of...


MYSTEEL: China's steel market seen recovering in H2

According to Xu, the COVID-19 situation in China has eased to a large level, as well as data just recently released by the country's National Bureau of Statistics indicate that the residential economy has actually bad, both of which will cer...


POSCO plans to reduce 300 series stainless steel prices for August

POSCO's 300 collection stainless-steel price cut of KRW 500,000/ t ($ 382/t) is a cost realisation measure adhering to the KRW 100,000/ t ($ 76) cut in 300 collection stainless steel rates in July. The existing July list prices, which has ac...


South32's Apr-Jun 2022 production table

Keep in mind: South32's fiscal year ranges from July to June. Unless or else kept in mind: portion variance associates with efficiency throughout the monetary year finished June 2022 compared with the fiscal year ended June 2021 (YoY), or th...


SK H1 steel scrap imports up 31% on domestic supply shortage

The rise in imports was largely due to healthy and balanced steel demand and recuperation from the pandemic period. Also, as a result of minimal regional scrap generation, leading mills raised their imports to make up for the domestic scarci...


Japan's June crude steel output dips for 6th month by 8%

Japan's June crude steel output was likewise 7.6% reduced on month, as well as the country's total unrefined steel output over January-June estimated 4.6 million tonnes, down 4.3% on year, the JISF data revealed. Among total output in June,...


CISA: Members' mid-Jul daily steel output falls further

Market resources pointed out the reality that even more mills had actually performed upkeep standstills on steelmaking centers as a result of their meagre steel margins. Based upon the most recent outcome, CISA approximated the nation's day-...


WEEKLY: Japan H2 scrap prices dip for 12 weeks by another $15/t

Last Friday, Japanese mini-mills in the Kanto area around Tokyo paid Yen 43,500-46,500/ for H2 grade scrap, down Yen 2,000/ t on week. And the complete decrease given that the beginning of May has actually become around Yen 21,500-22,500/ t,...