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United States steel import permit applications rise in March

According to United States steel import monitoring and analysis of data released by the Ministry of Commerce recently, United States iron and Steel Institute (AISI) announced in March this year, United States steel import permits amounted to 2.969 million shor...

Monday, April 11, 2016

China¡¯s Shagang to hike rebar, wire rod prices for mid-April

China¡¯s steelmaker Jiangsu Shagang Group has announced its price list in the domestic market for mid-April. The company decided to hike its prices for rebar are at RMB80/ton. After the adjustment, its prices for HRB400 with thickness of 16-25mm are at RMB...

Monday, April 11, 2016

India's Tata steel announces to withdraw from British investment

India's Tata steel company recently announced that it would withdraw from British. If India's Tata steel company out from Britain investment, will lead to the whole industry faces great pressure on steel business sides. From the industry cycle, global ste...

Monday, April 11, 2016

US Steel announces to cut 25% jobs in North America

United States steel has announced to cut 25% of its employees in North America, in order to reduce costs. The company did not provide the exact number of layoffs. A company spokesman said, because of the tough market conditions, including price volatility, ...

Monday, April 11, 2016

India to impose temporary anti-dumping duties on Chinese seamless pipe

On March 31, 2016, the India Ministry of Commerce announced to impose temporary anti-dumping duties on Chinese seamless pipe, the taxes were difference between the CIF price and the reference price. Reference prices set according to the product specificati...

Monday, April 11, 2016

European profile market prices are expected to increase

It is reported that Europe has planned to hike profile market prices shortly, the prices are expected to increase by about €20-25/ton, mainly European users have accepted the prices increased before Easter, and most Mills believed scrap prices will continue t...

Monday, April 11, 2016

US rebar mills increase the price on a new round

It's reported that the US Commercial Metals Company (CMC), US Gerdau long steel company announced to raise rebar prices were at US$20-30/short tonrecenlty, mainly for shipments after April 16 . Buyers have expressed this round of price increases is still dr...

Monday, April 11, 2016

The HR price continue to rise in Shanghai market

In this week, the steel prices continued to rebound in China market, due to stocks continues to improve further. Those for HR coils, Q235 with thickness of 3.0mm prices are up from RMB2400/ton to RMB2700/ton; for thickness of 4-10mm, spot prices are at RMB 265...

Monday, April 11, 2016
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