The market has been flat-lined in November, with the March contract closing the last 20 sessions in an extremely tight range of less than 200 points, between 77.23 and 79.19 cents/lb. One of the reasons for this anemic market is that ...
According to data released by the Italian steel producers association Federacciai, the country’s exports of steel long products to the non-EU countries totaled 3.954 million tons in the January-September period, decreasing by 7.9% ...
The Korean steelmaker Hyundai Steel announced to hike its export prices for H-beams and other steel long products by US$20~US$30/ton last week, driven by higher electricity charges. Besides, it’s predicted that the other mills might ...
Tags: steel, Construction
Reportedly, Gerdau Long Steel North America announced to raise prices for rebars, beams and merchant bars by US$20/short ton. Gerdau said that it decided to hike prices is in order to response the competitive market conditions. Meanwhile, ...
It’s reported that Keystone Steel and Wire announced to raise prices for wire rods and coiled rebar by US$30/short ton, effective from December 2nd shipments. Besides, the other steel longs producers in the US have all increases ...
Tags: Keystone, Coiled Rebar
After the December contract had closed lower in 19 out of 23 sessions between October 4 and November 5, losing over 1200 points in the process, a bounce was long overdue. However, even though it felt good to finally see the market up on ...
Tags: NY Cotton Futures, Textile
It's reported that the Chinese steelmaker Tangshan Steel, a subsidiary of Hebei Iron and Steel Group said that its exports of steel long products totaled 528,900 tons in January-October period, hitting a record high. Meanwhile, the domestic ...
Tags: Construction, Decoration, steel
On November 4, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced that during the January-October period this year its subsidiary Tangshan Iron and Steel Co. exported 528,900 mt of long steel products, hitting a ...
Tags: Metallurgy, Mineral, Energy, steel
The outlook for the European steel market next year is for a cautious recovery from a low level, according to Jeroen Vermeij, director of market analysis and economic studies at European steel producers' association Eurofer. Speaking at ...
Tags: Apparent Steel, steel market
With cotton crop estimates for the US and India increasing week after week due to the swift advance of harvest and surprisingly good yields, selling pressure eventually became heavy enough for December to break through important support ...
Egypt's largest steelmaker Ezz Steel has announced its financial results for the first half of the current year, reporting a net profit of EGP 302 million ($43.8 million), compared to a net profit of EGP 82 million in the corresponding ...
Uzbekistan-based steel producer Uzmetkombinat has announced that in the January-September period of the current year its crude steel output rose by 0.9 percent year on year to 580,800 mt. Meanwhile, its rolled steel product shipments in the ...
Tags: steel, Crude Steel, Metallurgy, Mineral
When tropical storm “Karen’ and typhoon ‘Fitow’ failed to deliver the expected punch to cotton areas in the US and China over the weekend, the market quickly relinquished some of its weather premium when trading ...
Tags: NY Cotton
It's reported that ArcelorMittal South America expected that its shipments of steel long products would increase by 5%~6% in 2013, in comparison of 5.3 million tons in 2012. Augusto Espechit de Almeida, ArcelorMittal's president of long ...
Tags: Construction, Decoration
It's reported that the Korean steelmaker Hyundai Steel planned to start ordering equipment for the new specialty steel long product plant at its Dangjin works in October. The new plant will own capacity of 1 million tons of specialty steel, ...
Tags: steel, Construction