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The Weekly Steel Price Index 2024/12/21 reveals significant trends in the global steel market, including price shifts, supply chain challenges, and the latest industry developments. Stay ahead with reliable insights from AG真人游戏 Steel, a trusted leader in the steel industry.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mm baseViet Nam475-485CFR Viet Nam 鈥� Feb shipmentChinaQ235 HRCViet Nam485-495CFR Viet Nam 鈥� Feb shipmentChinaSAE1006 50% 2mmViet Nam505-510CFR Viet Nam 鈥� Feb shipmentChinaQ195 2nd tier millsTurkey510-520CFR Turkey 鈥� Feb shipmentChina1st tier 2mm SAE 1006 re-rollingGCC ports535-540CFR GCC ports 鈥� Feb shipmentChina2nd tier 3mm A36/Q195/Q235GCC ports518-522CFR GCC ports 鈥� Feb shipmentJapanCommercial grade HRCViet Nam500CFR Viet Nam 鈥� Feb shipment (rumour)Japan2mm SAE 1006 re-rollingGCC ports530-540CFR GCC ports 鈥� Feb shipmentIndonesiaDexin Wire rodThailand490-495CFR Thailand 鈥� Feb shipmentIndonesiaHPDQ HRCN/A511-513FOB 鈥� Feb/Mar shipmentIndonesiaDexin Wire rodTurkey475FOB 鈥� Feb shipmentIndiaHRC IS2062/E250 BR gradeN/A546-554EXW MumbaiIndiaSAE1006 re-rolling gradeGCC ports535-550Feb shipmentIndia2mm SAE 1006 re-rollingGCC ports535-550Feb shipmentRussiaHRC 1.9-4mm NMLKTurkey525CFR Turkey 鈥� Jan/Feb shipmentRussiaHRC 1.9-4mm NMLKN/A490FOB Russia for Black Sea marketEU (Germany)Domestic HRCGermany550-570EXW Germany 鈥� Feb shipmentEU (Italy)Domestic HRCItaly550-560EXW Italy 鈥� Feb shipmentEU (Germany)ArcelorMittal HRCGermany605-625EXW Germany 鈥� Feb shipmentMexicoTernium/ArcelorMittal HRCMexico714-731EXWUSClevercliff HRCN/A881EX 鈥� Feb shipmentGCC1st tier HRC 2mm SAE 1006GCC ports535-540CFR GCC ports 鈥� Feb shipmentGCC2nd tier HRC 3mm A36/Q195/Q235GCC ports518-522CFR GCC ports 鈥� Feb shipmentTurkeyDomestic HRC Edermir/BorcelikTurkey570-580EXW 鈥� Jan/Feb shipmentNippon Steel's Bid for U.S. Steel Awaits Presidential DecisionPresident Joe Biden has 15 days to decide on Nippon Steel's $15 billion bid to acquire U.S. Steel, following the Committee on Foreign Investment in the United States (CFIUS) failing to reach a consensus. Concerns have been raised about potential national security risks and the impact on domestic steel production. Nippon Steel has proposed remedies, such as appointing U.S. citizens to key management positions, to address these concerns.Tata Steel's Stock PerformanceTata Steel Ltd.'s shares saw a modest increase of 0.60%, closing at 141.70 Indian rupees. Despite this rise, the company underperformed compared to the broader market, with the BSE SENSEX Index climbing by 0.64%. Tata Steel's current stock price remains below its 52-week high of 184.60 rupees.Asian Markets Experience Moderate GainsAsian stocks recorded slight gains during a holiday-shortened week, supported by higher U.S. Treasury yields. In China, announcements of increased fiscal support led to modest market upticks. However, investor caution persists due to ongoing economic challenges and potential trade tensions with the U.S.Nippon Steel and Sojitz Invest in Canadian Iron Ore ProjectNippon Steel and trading house Sojitz have agreed to acquire a 49% stake in Champion Iron's Kami iron ore project in Canada for CAD 245 million. This investment aims to enhance Nippon Steel's supply chain and support its carbon reduction goals by producing direct reduction iron ore for electric arc furnace steel production.U.S. Steel Issues Weaker-Than-Expected OutlookU.S. Steel's stock declined after the company projected a fourth-quarter adjusted loss, attributed to falling steel prices and costs associated with developing a new factory in Arkansas. The forecasted loss is significantly below analysts' expectations, reflecting ongoing pressures in the steel market.BHP and Rio Tinto to Develop Low-Carbon Iron Pilot PlantBHP and Rio Tinto are collaborating to construct a pilot plant in Western Australia aimed at producing low-carbon iron from Pilbara ores. The project seeks to decarbonize the steel industry by utilizing renewable energy and direct reduced iron technology, with operations expected to commence by 2028.These developments highlight the dynamic nature of the global steel industry, with significant investments and policy decisions influencing market trends.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

Currently, the European steel industry is confronted with a number of significant challenges and obstacles. The regional economy is also influenced by these factors, in addition to the profits of businesses. In the article below, with AG真人游戏 Steel, we will learn about the difficulties and challenges that the European steel industry is experiencing as well as measures to help Europe overcome this situation.EU steel industry faces a massive import steel situationDifficulties facing the European steel industryThe European steel industry is currently facing a series of major challenges, mainly from external factors. One of the key factors is fierce competition from major steel-producing countries like China, as the country ramps up exports to clear its inventory. The domestic steel industry in this region suffers from the importation of numerous steel products into the European market.In addition, the region's energy prices have increased as a result of Russia's gas cutoff to Europe, and the unstable supply has made it challenging to maintain production. Insufficient energy costs have necessitated the closure of numerous factories in Europe. Furthermore, steel manufacturers are being compelled to invest in new technology as a result of the European Union's stringent environmental policies, which are designed to reduce carbon emissions.These challenges require the European steel industry to find innovative and adaptive solutions to maintain sustainable growth in the future.EU energy prices rise as Russia cuts supplyThe European steel industry faces significant difficulties and challengesThe European steel industry's challenges have a significant impact on the regional and global economies, in addition to the direct effects they have on businesses within the industry.Reduced profits and competitiveness: Large imported steel output causes domestic business to decline. These factors reduce competitiveness compared to imported steel products.Impact on the labor market: Job losses in the steel industry due to production contraction affect the regional economy.Reduce production capacity: Many steel mills in Europe have had to reduce production capacity or close down because they cannot maintain profitable operations.Europe is trying to reduce electricity demand by cutting production or even closing factoriesSolutions to help Europe overcome difficulties and challengesIn order to help the European steel industry overcome obstacles and challenges, it is necessary to implement comprehensive strategies and solutions. The European steel industry may be able to surmount this crisis by implementing the following strategies:Investing in manufacturing technology: Promote the implementation of carbon-neutral steelmaking technologies, including electric arc furnaces. Invest more in green manufacturing processes and renewable energy to mitigate long-term expenses.Interest rate reduction: Faced with difficulties, the European Central Bank (ECB) has cut interest rates to stimulate economic activity. However, many experts argue that additional reductions are necessary to support businesses.Cost optimization: Manufacturers need to optimize production and operating costs to compete with cheap imported steel sources.Use of trade protection measures: We should use trade protection measures to safeguard regional industries and guarantee fair competition in the market. However, these measures could cause trade tensions between China and European countries.These solutions not only assist the European steel industry in overcoming its current challenges, but also establish a strong foundation for future growth.The article on AG真人游戏 Steel has furnished you with information regarding the challenges that the European steel industry is currently encountering, as well as strategies that can assist the region in overcoming this crisis. It is my sincere hope that the aforementioned article has been of assistance to you. Follow AG真人游戏 Steel to receive timely updates regarding the steel market!

The "Weekly Steel Price Index 2024/12/07" provides key market trends and price movements in the global steel industry.AG真人游戏 Steel's expert team has carefully analyzed data to offer valuable insights on steel prices, helping businesses navigate the evolving market.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermViet NamHRCViet Nam524-525CFR VN 鈥� Feb/Mar shipmentChinaHRCViet Nam489-495CFR Viet Nam 鈥� Jan/Feb shipmentChinaHRCViet Nam495-498CFR Viet Nam 鈥� Jan/Feb shipmentChinaHRCViet Nam505-510CFR Viet Nam 鈥� Jan shipmentChinaHRCViet Nam500-510CFR Viet Nam 鈥� Jan/Feb shipmentChinaHRCViet Nam495CFR Viet Nam 鈥� Rolling gradeChinaWire rodViet Nam480-485CFR Viet Nam 鈥� Jan/Feb shipmentIndonesiaWire rodViet Nam485FOB 鈥� Feb shipmentChinaWire rodPhilippines480CFR Manila 鈥� Jan/Feb shipmentIndonesiaWire rodThailand510-515CFR Thailand 鈥� Feb shipmentChinaWire rodThailand480CFR Thailand 鈥� Jan/Feb shipmentIndiaHRCIndia550-560EXW Mumbai 鈥� Dec offerChinaHRCIndia490-495CFR Indian ports 鈥� Q195TurkeyHRCTurkey570-585EXW 鈥� Jan shipmentChinaHRCTurkey515-525CFR Turkey 鈥� Jan/Feb shipmentRussiaHRCTurkey533CFR Turkey 鈥� Jan/Feb shipmentChinaHRCGCC535-545CFR GCC ports 鈥� Jan/Feb shipmentChinaHRCGCC515-525CFR GCC ports 鈥� Jan shipmentIndiaHRCEU545-555CFR EU main ports 鈥� Feb shipmentTaiwanHRCEU550-555CFR EU main ports 鈥� Feb shipmentIndonesiaHRCEU545-550CFR EU main ports 鈥� Feb shipmentUSHRCUS826Jan/Feb shipmentMexicoHRCMexico733Delivered price 鈥� equivalent CFRAnti-dumping measures in different marketsEuropean Union (EU): The European Union has imposed anti-dumping measures on steel imports from several countries, including China, India, and Russia. The level of anti-dumping duties varies depending on the product and the market conditions. For example, the EU's anti-dumping duties on Chinese hot-rolled coil (HRC) can range from 30% to 40%, depending on the manufacturer and specific case. The EU periodically updates these rates as part of its ongoing trade investigations.United States (US): The US Department of Commerce and the US International Trade Commission (USITC) set anti-dumping duties on steel products, including hot-rolled coils, imported from countries like China, India, and others. The US has a history of imposing high AD duties, often exceeding 200% for certain Chinese steel products. For instance, anti-dumping duties on HRC from China can range from 30% to 256%, depending on the producer.WTO & Other Countries: The World Trade Organization (WTO) plays a role in resolving trade disputes related to anti-dumping measures. Countries like India, Turkey and Russia also impose anti-dumping duties on steel products, with duty rates typically ranging from 10% to 40%, depending on the market and product type. For example, anti-dumping duties on steel from India and Russia may range from 15% to 25%, while Turkey鈥檚 duties can be as low as 5% but may increase based on specific cases.Supply and demand in the steel industry:The steel market is currently witnessing intense competition between steel mills and distributors. This is primarily driven by the year-end situation, where distributors aim to reduce inventory before transitioning into the new year. This puts pressure on steel prices, especially in markets like the EU, where supply exceeds demand, leading to price reductions in the short term.The steel market in the EU is facing excess supply as steel distributors in the region are reducing year-end inventory. This has created price competition between manufacturers and distributors. The current transaction prices for HRC (Hot Rolled Coil) steel in the region range from 550-570 euro/mt, with actual transaction prices possibly being lower, around 520-530 euro/mt.The steel market in the US has seen a slight increase in steel prices, though it remains weak due to low market indicators. US steel producers like Nucor are maintaining a price of 750 USD/short ton (826 USD/mt) for HRC steel. However, this is just the spot price and may vary depending on market demand conditions.Steel producers in China are offering HRC steel at prices of around 489-495 USD/mt CFR to Southeast Asian countries like Vietnam, Indonesia, and the Philippines. This competitive pricing could pose challenges for local producers unless anti-dumping duties are effective in limiting Chinese steel imports.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The Weekly Steel Price Index 2024/11/30 by AG真人游戏 Steel provides an in-depth overview of the latest steel prices, market fluctuations, and trade insights from key global markets. Stay informed with the most recent trends affecting the steel industry this week.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mm baseViet Nam490-495CFR Viet Nam, end of Dec/Jan shipment, deal at 485ChinaQ235 HRCViet Nam495-500CFR Viet Nam, end of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam505-510CFR Viet Nam, end of Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR Viet Nam, Jan shipment, bids around 510-520JapanSAE1006Viet Nam535-540CFR Viet Nam, Jan shipment, bids around 510-520ChinaWire rodViet Nam485CFR Viet Nam, Jan shipmentIndonesiaWire rodViet Nam485-490FOB Indonesia, Jan shipmentIndonesiaWire rodThailand515CFR Thailand, Jan shipmentChinaWire rodPhilippines480CFR Manila, Jan shipmentIndiaHRCIndia559-564EXW Mumbai, IS2062/E250 BR gradeChinaHRCIndia490-495CFR Indian ports, commercial grades Q195TurkeyHRCTurkey580-600EXW Turkey, Dec/Jan shipment, discounts for large ordersChinaQ195 HRCTurkey515-525CFR Turkey, Jan shipmentRussiaHRC 1.9-4mmTurkey533CFR Turkey, Jan shipment, FOB Russia for Black Sea market: 495-500EUHRCEU600-610EXW Germany, Jan shipmentIndiaHRCEU545-555CFR EU main ports, Jan/Feb shipmentTaiwanHRCEU550-560CFR EU main ports, Jan/Feb shipmentKoreaHRCEU590-600CFR EU main ports, Jan/Feb shipmentJapanHRCEU565-570CFR EU main ports, Jan/Feb shipmentChinaHRCUS750 (spot price)EXW, Jan shipment, tradable price 738-760 USD/mtMexicoHRCMexico733Delivered price, equivalent 714 USD/mt CFRThe global steel market has seen significant fluctuations and developments over the past week. From price changes to trade barriers, here are the key highlights:Anti-dumping measures and trade barriersAnti-dumping measures continue to impact steel trade between key producing countries and import markets. In the European Union, steel imports from China, India, Russia and Japan are subject to varying levels of anti-dumping duties. Chinese mills, such as Han Steel and Shougang Jingtang, face duties ranging from 20.56% to 57.75%. Similarly, the EU has set preliminary dumping margins for Indian steel at 10-20% and for Russian steel at around 16%. These measures reflect ongoing concerns about unfair pricing and the protection of local industries in Europe.Demand fluctuations and market sentimentIn Europe, the steel market has been largely subdued due to weak demand and market uncertainties. A recent announcement by a major European car manufacturer regarding potential factory closures and layoffs has raised concerns about future demand for steel. As a result, the price spread between HRC and Hot-dip galvanized steel has narrowed. On the positive side, North European mills have already sold out their December-delivery materials, with January shipments now available. However, restocking efforts remain sluggish across much of Europe, particularly in Southern Europe, where mills are releasing higher prices for Q1 2025.Developments in U.S. Steel MarketIn the United States, steel prices remain robust, particularly in the domestic market. There are discussions around potential tariffs, as President-elect Donald Trump has pledged to increase tariffs on steel imports from Mexico, Canada, and China, which could have a significant impact on steel costs for U.S. businesses and consumers.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The Weekly Steel Price Index 20241123 report by AG真人游戏 Steel highlights significant trends and developments shaping the global steel market this week.With fluctuations driven by anti-dumping measures, tariff adjustments, and evolving supply-demand dynamics, the report provides a detailed overview of key players, price changes and strategic advantages. Dive into this comprehensive analysis to stay informed about the latest movements in the steel industry.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC of 3mm baseViet Nam492-497CFR Viet Nam 鈥� end of Dec/Jan shipmentChinaQ235 HRCViet Nam497-500CFR Viet Nam 鈥� end of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam507-510CFR Viet Nam 鈥� end of Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR Viet Nam 鈥� Jan shipmentJapanSAE1006Viet Nam540CFR Viet Nam 鈥� Jan shipmentIndonesiaWire rodThai Lan515CFR Thai Lan 鈥� Jan shipmentChinaWire rod ad boronThai Lan495-498CFR Thai Lan 鈥� Jan shipmentMalaysiaWire rodThai Lan515-520CFR Thai Lan 鈥� Jan shipmentChinaWire rodManila480-485CFR Manila 鈥� Jan shipmentIndiaHRC IS2062/E250 BR gradeDomestic568-585EXW MumbaiChinaHRC commercial gradesIndia515-520CFR Indian portsTurkeyHRCDomestic580-610EXW Turkey 鈥� Dec/Jan shipmentChinaQ195 2nd tier millsTurkey515-525CFR Turkey 鈥� Jan shipmentRussiaHRC 1.9-4mmTurkey535CFR Turkey 鈥� Jan shipmentIndiaHRC SAE1006 re-rollingGCC565CFR GCC port 鈥� early Jan shipmentJapanHRC S235JRGCC560-565CFR GCC port 鈥� Jan shipmentEUHRCDomestic625-645EXW Germany 鈥� Jan shipmentUSHRCDomestic750EXW US 鈥� Dec/Jan shipmentMexicoHRCDomestic734Delivered priceImpacted by trade defense measures and global supply chain disruptions, steel prices in November 2024 showed a slight upward trend. However, Vietnam's competitive edge in tariffs and product quality ensures that its steel remains highly competitive in the international market.Turkey: Implemented preliminary anti-dumping duties on hot-rolled coil (HRC) imports from China, India, Russia and Japan, with duties ranging from 4.7% to 57.75%, depending on the exporting country and company.EU: Enforced anti-dumping measures on HRC imports from Egypt, Japan, India, and Vietnam, with dumping margins between 5% and 40%, and injury elimination duties reaching up to 34.7%.United States: Requires steel imports from Mexico to be melted and poured in Mexico, Canada or the U.S. to qualify for Section 232 exemptions. This policy imposes a 25% tariff on steel originating from outside North America that is transshipped through Mexico.Despite facing some anti-dumping measures, Vietnam maintains lower tariffs compared to many other countries. For instance, the EU imposes anti-dumping duties on Vietnamese HRC ranging from 5% to 15%, significantly lower than duties applied to countries like China and India.Additionally, Vietnam has signed several free trade agreements (FTAs) with major partners such as the EU, Japan, and South Korea. These agreements reduce or exempt import tariffs on various steel products, providing a competitive advantage for Vietnamese steel in the global market. This makes Vietnam an attractive source for international businesses seeking to benefit from tariff preferences and cost savings.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The global steel market has seen significant price fluctuations, driven by anti-dumping measures and supply-demand changes. The steel price index week 2024/11/08-15 has been influenced by countries like China, India, Turkey,...AG真人游戏 Steel鈥檚 weekly report provides key insights into these shifts and their effects on pricing across various regions, including Europe and the US.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mmViet Nam492-495CFR Viet Nam 鈥� End of Dec/Jan shipmentChinaQ235 HRCViet Nam495-500CFR Viet Nam 鈥� End of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam512CFR Viet Nam 鈥� End of Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam510-515, 530CFR Viet Nam 鈥� End of Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR Viet Nam 鈥� Jan shipmentJapanSAE1006Viet Nam540CFR Viet Nam 鈥� Jan shipmentChinaWire rodViet Nam485CFR Viet Nam 鈥� Jan shipmentIndonesiaWire rodViet Nam495FOB 鈥� Jan shipmentIndonesiaWire rodThailand515CFR Thailand 鈥� Jan shipmentChinaWire rod BoronThailand505-510CFR Thailand 鈥� Jan shipmentMalaysiaWire rodThailand510CFR Thailand 鈥� Jan shipmentChinaWire rodPhilippines490-495CFR Manila 鈥� Jan shipmentChinaHRCIndonesia550CFR Indonesia 鈥� Jan/Feb shipmentIndiaHRCIndia568-585EXW Mumbai 鈥� IS2062/E250 BR gradeChinaHRCIndia520-525CFR Indian ports 鈥� Commercial gradesTurkeyHRCTurkey580-620EXW Turkey 鈥� Dec/Jan shipmentChinaQ195 HRCTurkey522-527CFR Turkey 鈥� Jan shipmentRussiaHRC 1.9-4mmTurkey530-540CFR Turkey 鈥� Jan shipmentIndiaHRCGCC570-575CFR GCC ports 鈥� Jan shipmentChinaHRCGCC535-540CFR GCC ports 鈥� Jan shipmentEUHRCNorth Europe580-600EXW Germany 鈥� Dec shipmentEUHRCSouth Europe560-570EXW Italy 鈥� Dec shipmentTurkeyHRCEU580-600CFR EU main port 鈥� Jan shipmentIndiaHRCEU545-555CFR EU main ports 鈥� Jan shipmentTaiwanHRCEU560-570CFR EU main ports 鈥� Jan shipmentKoreaHRCEU570-575CFR EU main ports 鈥� Jan shipmentJapanHRCEU565-570CFR EU main ports 鈥� Jan shipmentUSHRCUS750Consumer spot price 鈥� End of Dec/Jan shipmentMexicoHRCMexico733-750Delivered price 鈥� Jan shipmentJapanHRCMexico620-640CFR Mexico 鈥� Jan shipmentViet NamHRCMexico600CFR Altamira 鈥� Jan/Feb shipmentIn the past week, steel prices on the international market have experienced significant fluctuations, largely influenced by anti-dumping factors and supply-demand dynamics. The price tables from major steel-producing countries such as China, India and Turkey have shown considerable adjustments, especially in the European and American regions.ChinaChina is currently one of the countries most affected by anti-dumping duties due to the massive export of cheap steel. Antidumping duties on Chinese HRC and other steel products from China can reach up to 48.49% for companies such as Han Steel Group and 37.22% for Rizhao Steel. These high duties are increasing the cost of importing steel into major markets like the EU and the US, thereby driving up steel prices in these regions.These high antidumping duties have pushed domestic producers in importing markets like Europe and the US to seek alternative supplies from Vietnam and India, which has led to a significant rise in steel prices in the region.IndiaIndia, one of the world's largest steel producers, is also affected by anti-dumping measures. Anti-dumping duties ranging from 10% to 20% are being imposed on steel products exported by JSW and Tata Steel to markets such as the EU. These measures aim to mitigate the impact of cheap imported steel and protect domestic steel producers in importing countries.TurkeyTurkey is also impacted by anti-dumping measures from the EU, with duties ranging from 5% to 7.3% on HRC products. Although these duties are not as high as those imposed on China, their impact still increases the cost of steel imports.This duty burden forces Turkish exporters to adjust their prices to maintain competitiveness in the international market, which has led to a slight increase in steel prices in the EU and other regions over the past week.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

AG真人游戏 Steel's latest report dives into the global steel market's movements over the past week, providing insights into key events impacting the steel price index week 2024/11/01-09 Discover how anti-dumping measures, raw material costs and changing export trends are shaping prices worldwide.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mmViet Nam408-505CFR - Dec/Jan shipmentChinaQ235 HRCViet Nam510-515CFR - Dec/Jan shipmentChinaSAE1006 50% 2mmViet Nam530CFR - Dec shipmentChinaSAE1006 50% 2mmViet Nam525-530CFR - Dec shipmentIndonesiaSS400Viet Nam540-550CFR - Dec/Jan shipmentKoreaSAE1006Viet Nam535CFR - Dec/Jan shipmentJapanSAE1006Viet Nam540CFR - Dec/Jan shipmentChinaWire rodViet Nam495-500CFR - Jan shipmentIndonesiaWire rodViet Nam495FOB - Jan shipmentIndonesiaWire rodThailand530CFR - Jan shipmentChinaWire rodThailand505-515CFR - Jan shipmentMalaysiaWire rodThailand520CFR - Jan shipmentChinaWire rodPhilippines500-505CFR - Jan shipmentIndiaHRC IS2062/E250 BRIndia563-575EXW Mumbai - Dec shipmentChinaHRC commercial gradesIndia520-525CFR - Dec shipmentTurkeyHRCTurkey605-620EXW - Dec shipmentRussiaHRC 1.9-4mmTurkey545CFR - Dec/Jan shipmentGermanyHRCGermany570-590EXW - Dec shipmentTurkeyHRCEU main ports580-600CFR FO - Dec/Jan shipmentItalyHRCItaly570-580EXW - Dec shipmentKoreaHRCEU main ports580-585CFR - Jan shipmentJapanHRCEU main ports570-580CFR - Dec/Jan shipmentEgyptHRCEU main ports570-575CFR - Dec/Jan shipmentIndiaHRCEU main ports550-555CFR - Jan shipmentDecline in Chinese steel pricesOver the past week, steel prices in China experienced a significant drop of up to 3%, driven by the reassessment of the impact of the government's new economic stimulus packages on steel demand. Specifically, rebar prices on the Shanghai Futures Exchange fell to 3,230 yuan/ton, marking the lowest level in two weeks. This decrease reflects potential oversupply and a cautious market outlook.Indian anti-dumping measures on stainless steel from ChinaOn November 9, India imposed anti-dumping duties on certain stainless steel products imported from China to protect its domestic industry. This measure is expected to curb imports from China and could potentially lead to tighter supply and price adjustments in the regional market.Increased Chinese steel exports due to weaker domestic demandReports from November 8 indicated that Chinese steel producers have ramped up exports in response to weakened domestic demand. This shift could lead to increased supply in global markets and exert downward pressure on international steel prices.Iron ore price increase amid supply concernsIron ore prices, a critical component in steel production, saw an uptick due to concerns over supply disruptions from major exporters such as Brazil and Australia. This rise in raw material costs could translate into higher production expenses for steel manufacturers, potentially impacting the global steel price trajectory.Stability in Vietnamese steel pricesIn Vietnam, steel prices remained stable over the past week, with no significant fluctuations reported. This stability comes despite the backdrop of rising international iron ore prices and global market shifts.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

As steel prices fluctuate amid evolving global dynamics, AG真人游戏 Steel's weekly Steel Price Index offers a comprehensive look at the latest numbers and the forces behind them. From international market shifts to emerging industry trends, delve into the key events impacting steel prices worldwide and stay ahead with insights tailored for industry professionals.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermVietnamHRCVietnam532-534Jan shipmentChinaHRCVietnam500-505CFR Vietnam 鈥� Dec shipmentChinaHRCVietnam505-513CFR Vietnam 鈥� Dec shipmentChinaHRCVietnam525-530CFR Vietnam 鈥� Dec shipmentChinaHRCVietnam520-525CFR Vietnam 鈥� Dec shipmentKoreaHRCVietnam535CFR Vietnam - Dec/Jan shipmentJapanHRCVietnam545CFR Vietnam 鈥� Dec/Jan shipmentThailandWire RodThailand525CFR Thailand 鈥� Dec shipmentChinaWire RodThailand520CFR Thailand 鈥� Dec shipmentChinaWire RodManila505-510CFR Manila 鈥� Dec shipmentIndiaHRCIndia553-565EXW MumbaiChinaHRCIndian ports520-525CFR Indian ports 鈥� commercial gradesTurkeyHRCTurkey607-610EXW Turkey - Nov/Dec shipmentRussiaHRCTurkey545CFR Turkey 鈥� Dec shipmentEUHRCGermany620-631EXW Germany 鈥� Dec shipmentTurkeyHRCItaly609-620EXW Italy 鈥� Dec shipmentEUHRCEU main ports598-604CFR EU main ports - Dec/Jan shipmentIndiaHRCEU main ports625CFR EU main ports 鈥� Dec shipmentTaiwanHRCEU main ports615-625CFR EU main ports- Dec shipmentEgyptHRCEU main ports631-636CFR EU main ports 鈥� Dec/Jan shipmentKoreaHRCEU main ports615-631CFR EU main ports 鈥� Dec/Jan shipmentUSHRCUnited States740Consumer spot price 鈥� Dec shipmentMexicoHRCMexico740Consumer spot price 鈥� Dec shipmentWhile last week's steel prices reflect shifting market dynamics, a closer look reveals the global events and industry shifts driving these changes. Here鈥檚 what鈥檚 making waves in the steel industry right now:Severstal's demand forecastRussian steelmaker Severstal anticipates a 5-7% decline in steel demand due to high borrowing costs affecting customer investment plans. The central bank's recent interest rate hike to 21% has intensified financial strain on industrial companies, particularly small and medium-sized enterprises, and threatens infrastructure development goals. Severstal reports that 80% of its sales are now within Russia, with the construction and mechanical engineering sectors experiencing reduced activity and lower demand, leading to declined investment projects. In the third quarter, steel demand fell by 9%.Outokumpu's market outlookFinnish stainless steel producer Outokumpu reported higher-than-expected third-quarter core profit, driven by strong performance in its ferrochrome business and higher stainless steel prices in Europe. However, the company warned of deteriorating market conditions in Europe and North America for the final quarter of the year, predicting flat or declining stainless steel deliveries by up to 10%, and sequentially lower core earnings. CEO Kati ter Horst cited challenging market conditions, including weak demand, cost inflation, and cheaper imports from Asia as major concerns.JSW Steel and POSCO collaborationIndia's JSW Steel has signed a preliminary agreement with South Korea's POSCO to establish an integrated steel plant with an initial capacity of 5 million metric tons per year. The joint venture will also include collaboration on renewable energy and battery materials for electric vehicles. JSW Steel, the largest steelmaker in India by capacity, will work with POSCO to support the energy needs of the proposed steel plant and contribute to building an EV ecosystem in India. POSCO, which already operates a steel mill in Maharashtra supplying automakers, had previously abandoned a $12-billion project in Odisha but later partnered with Indian billionaire Gautam Adani's infrastructure group for a $5 billion investment in Gujarat.BlueScope's profit guidanceAustralian steel company BlueScope forecasts a profit hit for the first half of the fiscal year due to record levels of Chinese exports, inflation, and uncertainties in the US related to the impending presidential election. It anticipates underlying earnings before interest and tax (EBIT) between $270 million and $310 million, down from the initial estimate of $350 million to $420 million. BlueScope plans to implement around $200 million in cost and productivity improvements. CEO Mark Vassella acknowledges challenging conditions in the global steel industry, influenced by East Asian market softness, inflation, and US economic uncertainties. In North America, the North Star division鈥檚 performance is expected to decline, and customer orders are being deferred pending election outcomes. While domestic demand in Australia is stable, the Australian Steel Products segment is affected by softened export contributions and East Asian steel pricing. The company's operations in China and Southeast Asia face economic and operational challenges, respectively. The forecast is subject to changes in spread, exchange rates, and market conditions. Citi analysts have downgraded BlueScope鈥檚 rating from buy to neutral, noting volatility in commodity prices and the cyclical nature of BlueScope鈥檚 business. BlueScope's shares dropped 1.4%, closing at $20.90. The company will discuss its performance in an upcoming annual meeting on November 19.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

In this week鈥檚 AG真人游戏 Steel report, we dive into recent shifts in global steel prices, focusing on the impact of fresh anti-dumping policies from countries like South Korea, Turkey, and the EU.These measures reflect a growing trend of market protectionism, affecting both price and supply dynamics.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaHRCViet Nam490-498CFR Viet Nam 鈥� Nov/Dec shipmentChinaHRCViet Nam500-503CFR Viet Nam 鈥� end Nov/Dec shipmentChinaHRCViet Nam515CFR Viet Nam 鈥� Dec shipmentChinaHRCViet Nam510-515CFR Viet Nam 鈥� end Nov/Dec shipmentJapanHRCViet Nam545CFR Viet Nam 鈥� Dec shipmentChinaWire RodViet Nam490-495CFR Hai Phong/Ho Chi Minh 鈥� Dec shipmentIndonesiaWire RodViet Nam525-530CFR Viet NamThailandWire RodThailand525CFR Thailand 鈥� Dec shipmentMalaysiaWire RodThailand520CFR Thailand 鈥� Dec shipmentChinaWire RodPhillipines505-510CFR Manila 鈥� Dec shipmentIndiaHRCIndia553-565EXW Mumbai for IS2062/E250 BR gradeTurkeyHRCTurkey600-610EXW Turkey 鈥� Nov/Dec shipmentChinaHRCTurkey540-550CFR Turkey (rumor) 鈥� Nov/Dec shipmentRussiaHRCTurkey555CFR Turkey 鈥� Nov/Dec shipmentVietnamHRCGlobal540FOB 鈥� Nov/Dec shipment 鈥� no deal yetEUHRCEU615-637EXW Germany 鈥� Nov/Dec shipmentItalyHRCEU604-615EXW Italy 鈥� Nov/Dec shipmentEUHRCEU583-604EXW Germany 鈥� tradable valuesItalyHRCEU572-594EXW Italy 鈥� tradable valuesEUWire RodEU620ex-works 鈥� Drawing-quality wire rod (rumor)EUWire RodEU610ex-works 鈥� Mesh-grade wire rod (rumor)EgyptWire RodEU626-637CFR Rotterdam 鈥� limited impactUSHRCUS804EXW 鈥� Nov/Dec shipmentMexicoHRCMexicoDropping trendEXW 鈥� closely linked to US marketEgyptHRCEU615-621CFR EU main ports 鈥� Dec shipmenThis week saw several notable developments in global anti-dumping (AD) policies impacting the steel industry. South Korea officially launched an AD investigation on stainless steel plates imported from China, following claims from domestic manufacturers of unfair competition due to low-priced imports. Preliminary results are anticipated within three months, potentially affecting import duties and subsequent pricing鈥�.Turkey also made headlines by implementing AD duties ranging from 15% to 43% on steel imports from China, Russia, India, and Japan. This decision reflects Turkey's response to rising steel imports and aims to stabilize its domestic market amid ongoing trade disputes between China and the EU, where similar protective measures are in place鈥�.The European Union is weighing an extension of its steel safeguards through 2026. This strategy is part of the EU鈥檚 efforts to curb the impact of low-priced imports on its market, accompanied by environmental reviews on the steel production process in several European countries鈥�.These developments reflect increasing global measures to protect domestic steel industries, contributing to price volatility and supply adjustments that market participants are closely watching.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

Welcome to the latest edition of the Steel price index 鈥� 2024/10/12-19 from AG真人游戏 Steel, where we deliver an in-depth analysis of recent price movements within the steel industry.This report offers valuable insights into the fluctuations across global steel markets and various product categories. Stay informed with the latest trends and developments shaping the international steel market, ensuring that you are prepared for changes in this dynamic industry.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC of 3mm baseViet Nam492-500CFR Viet Nam 鈥� Nov/Dec shipmentChinaQ235 HRCViet Nam500-510CFR Viet Nam 鈥� Nov/Dec shipmentChinaSAE1006 50% 2mmViet Nam515CFR Viet Nam 鈥� Nov/Dec shipmentChinaSAE 1006 50% 2mmViet Nam510-515CFR Viet Nam 鈥� Nov/Dec shipmentJapanSAE 1006Viet Nam535CFR Viet Nam 鈥� Nov/Dec shipmentChina6.5mm wire rod meshHai Phong/Ho Chi Minh505-510CFR Hai Phong/Ho Chi Minh 鈥� Nov/DecIndonesiaWire RodThailand540CFR Thai Lan -Nov/Dec shipmentChinaWire RodManila505-510CFR Manila 鈥� Nov/Dec shipmentIndiaHRCIndia575-585EXW MumbaiTurkeyHRCTurkey600-620EXW Turkey 鈥� Nov/Dec shipmentRussiaHRCTurkey555CFR Turkey 鈥� Nov/Dec shipmentGCCSAE 1006 HRCGCC605CFR GCC ports 鈥� Nov/Dec shipmentIndiaSAE1006 HRCGCC570-580CFR  GCC ports 鈥� Nov/Dec shipmentEUHRCEU630-652CFR EU main port 鈥� Nov/Dec shipmentEUHRCItaly619-630EXW Italy 鈥揘ov/Dec shipmentVietnamHRCEU540-550FOB CFR EU ports 鈥� Dec shipmentUSHRCUS720-750EXW 鈥� Nov/Dec shipmentMexicoHRCMexico751CFR Mexico domestic deliveryVietnamHRCMexico620-625CFR Mexico portsLast week, steel prices in Vietnam continued to fluctuate, primarily influenced by global market conditions. The import price of HRC from China recorded a slight decrease, with offers ranging from 492-510 USD/MT CFR Vietnam for shipments scheduled in November and December. However, many experts forecast that steel prices will rebound by the end of the year due to increasing demand in the construction sector.According to a report from SteelOrbis, global steel prices are also under pressure, primarily due to declining demand from major manufacturing plants, especially in China. Nevertheless, with stimulus policies from the Chinese government to support the construction industry, the market is expected to recover in the first quarter of 2025.The steel market in Southeast Asia, particularly in Indonesia and Thailand, shows signs of recovery as demand from infrastructure projects rises. However, steel prices remain high due to production costs and raw material prices. Experts warn that without timely measures, the market could face steel shortages by the end of the year.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times