Cold-rolled coil pricing increased in the US on Tuesday as buyers and sellers reported higher offers and transactions. "I have not heard of anyone quoting below $800/st for CRC and more have been between $810-820/st. Everything that I am ...
Tags: CRC Prices, cold-rolled
Speaking on behalf of World Steel Dynamics (WSD) at SteelHome's 10th Steel Development Strategy Conference held recently in Shanghai, Wu Wenzheng, president of SteelHome, said that WSD's global steel output forecast for 2014 is 1.61 billion ...
Tags: Scrap Prices, Steel
On April 23, Liaoning Province-based Chinese steelmaker Benxi Iron and Steel (Group) Co. (Benxi Steel or Bengang) announced that in 2013 it registered an operating revenue of RMB 40.329 billion ($6.58 billion), down 0.62 percent year on ...
Tags: Benxi Steel, steelmaker, Iron and Steel
According to data released by the China Iron and Steel Association (CISA) on April 24, as of the end of March (March 31), the composite steel price index (CSPI) for the Chinese domestic market was at 94.83 points, down 1.63 points or 1.69 ...
Tags: Composite Steel, Iron, Steel
The US steel sheet market was relatively quiet on Friday because many were out of the office before the Easter holiday, though one top-tier mill indicated it would be pushing higher prices after the weekend. The top-tier mill plans to ...
Tags: steel sheet, top-tier mill
Anticipated fragmented scrap pricing next month could bring US regional scrap prices closer together, according to market sources who generally agree on downward pricing pressure for May settlements. Scrap settlements varied wildly in ...
Tags: Steel Scrap, regional scrap prices
The US hot-rolled coil market continues to be supported by limited Midwest supply, while cold-rolled coil import offers for May were heard to be lower. On the domestic front, most buyers expect another round of price increases following ...
Tags: HRC, hot-rolled coil, Construction, Decoration, coil
Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
US steel exports rose 10.5% in January compared with December, but fell 10.6% year on year, according to US Department of Commerce data updated Monday. In January, the US exported 873,674 mt of steel mill products, up from 790,507 mt in ...
Shanghai Futures Exchange (SHFE) has announced the holding of mock trading of hot rolled coil (HRC) futures at the SHFE on Friday, March 7. If all goes well, it is thought that trading of HRC futures could be launched at the SHFE by the end ...
Following a review of the current situation and delays in commencement of production, Wales-based hot rolled coil (HRC) producer MIR Steel (formerly known as Alpha Steel) has announced that some of the workforce have been placed on ...
Jiangsu Province-based Chinese steelmaker Shagang Group has announced that it plans to construct bonded warehouse facilities as well as shearing facilities in Jiulong Steel Logistics Park in Jiangsu. Accordingly, Shagang Group will invest ...
Tags: Shagang, steelmaker
US sheet steel prices are turning lower, sources said Thursday, due to a combination of lackluster demand, import concerns, and a slight weakening of discipline at the mill level. Platts lowered its hot-rolled coil assessment from ...
Tags: Steel Sheet, Weak Demand
Citing mill discipline and some lingering supply problems, the US sheet market is reporting higher cold-rolled coil prices in the Midwest, but market participants have noted that the widening spread between CRC and hot-rolled coil may be ...
Tags: CRC Prices, Chemicals
According to report, the Turkish hot rolled coil (HRC) producers' export prices were down by US$5/ton to US$570~US$580/ton FOB basis last week due to the dollar's appreciation against Turkish lira as well as the demand from European market ...
Tags: HRC, Turkish HRC, HRC Export