News

Chinese National Day in China in 2020

Chinese National Day in China in 2020 2020 brings a bumper break for National Day and Mid-Autumn Festival with the holidays starting on October 1st and lasting until October 8th. Two of the holidays will be compensated by working days on Sunday September 27th and Saturday October 10th. When is Ch... Read More

EUROPE SECTIONS: Northern prices rise on raw materials costs

The price of hollow steel sections in the Northern European domestic market went up this week because of the current price surge in raw materials, market sources told Fastmarkets on Wednesday September 2. Fastmarkets’ price assessment for steel sections (medium), domestic, delivered Northern Eur... Read More

EUROPE HRC: Domestic prices to rise further on reduced availability, lack of imports

Domestic prices for hot-rolled coil in Europe were expected to continue to rise, supported by long lead times and reduced output from EU mills as well as a lack of import offers, sources told Fastmarkets on Tuesday September 8.     Read More

US structural tubing price up on mill offers; buyers cautious

Prices for hollow structural sections (HSS) in the United States continue to tick up based on mill increases, but market participants have said they are waiting until after the national Labor Day holiday – celebrated Monday September 7 – to negotiate with mills and buy. “Anything [r... Read More

COVID-19 Impacts — Metals Price Recovery Fragile As Recession Concerns Loom

Metals prices continued to rally in May and June, spurred by a rebound in Chinese demand and lockdown measures easing in the U.S. and Europe, as major economies began reactivating. Iron ore was the standout performer, trading at 10-month highs above US$100 per tonne through June. Bullish sentimen... Read More

Cost increases superimposed demand rises Brazilian steel has announced increases

The Brazilian steel producer may usiminas and arcelormittal brazil to follow suit to raise steel prices after the Brazilian State Steel Corporation (csn) announced a 10.5 per cent increase in the price of its distribution chain steel, according to the Brazilian Flat Steel Sales Association. inda ... Read More

EU plans to revise tariffs on steel imports to prevent oversupply

As the EU economy recovers from the impact of the pandemic, the EU plans to revise its steel import restrictions to prevent major market distortions. The proposed changes to the EU import restrictions introduced two years ago are aimed at preventing the transfer of global steel supplies to Europe... Read More

Global steel demand is expected to decrease by 6.4% year-on-year in 2020

The World Steel Association today released short-term steel demand forecasts for 2020 and 2021. According to the forecast, the global steel demand will shrink 6.4% to 1.654 billion tons by 2020, affected by the 2019 new coronavirus pneumonia epidemic. Global steel demand is expected to return to ... Read More

The surge in international iron ore prices is due to Chinese huge demand

Brazil’s worsening covid-19 crisis and reduced shipments of iron ore from the South American country have led to a spike in global iron ore prices, thanks to strong Chinese demand. On may 26, china’s benchmark spot price of 62% of iron ore reached 100$ a tonne (a $150), up from $$us90... Read More

The overall improvement of the international steel market in June

Although the coronavirus epidemic continues to plague the global economy, in May, the global steel market ended its overall decline and some markets began to rise, driven by a strong recovery in Chinese demand. In Europe, where weak demand and high inventory pressures remain constant, European ma... Read More

Global crude steel production fell 13% year-on-year to 137.1 million tons in April 2020

In April 2020, crude steel production in 64 countries included in the World Iron and Steel Association statistics was 137.1 million tons, down 13% from the same period last year. China’s crude steel production in April was 85 million tons, an increase of 0.2 percent over the same period las... Read More

Up 125%, India’s iron ore exports reached 36.42 million tons! China is the biggest buyer

In recent years, India has been able to earn its own export earnings by producing iron ore as a result of the steel industry. China Metallurgical News reported on May 18 that India’s latest data showed that India’s iron ore production reached 246.5 million tons in the 2019 fiscal year... Read More
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