SteelRadar

01/08/2024

Vietnam launches anti-dumping investigation into HRC imports from China and India
The Ministry of Industry and Trade of Vietnam has initiated an anti-dumping investigation into certain hot-rolled coils (HRC) imported from China and India.
The investigation targets HRC products with thicknesses ranging from 1.2 to 25.4 mm and widths not exceeding 1880 mm, covered under specific HS codes:...
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21/07/2024

China's rebar production decreased in the first half of 2024
According to data from China's National Bureau of Statistics, China's rebar production in the first half of 2024 decreased by 11.7% on an annual basis to 102.4 million tons. This decrease marks a significant decline in the rebar sector, which constitutes 14.6% of the country's total finished steel product production.
On June, China's rebar production was recorded as 18.2 million tons, with a decrease of 10.1% on an annual basis. However, an increase of 1.4% was observed compared to May.
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TR ➡ https://www.steelradar.com/haber/cinin-insaat-demiri-uretimi-2024un-ilk-yarisinda-dusus-gosterdi/

20/07/2024

Taiwan-based CHSC decided to maintain prices for August

Chung Hung Steel Corporation (CHSC), a Taiwan-based subsidiary of China Steel Corporation (CSC), has decided to maintain its domestic prices for hot-rolled, cold-rolled, and galvanized steel for August. Export prices for September deliveries will be adjusted according to regional market conditions.

Meanwhile, Chinese steel mills are reducing production. Data from the China Iron and Steel Association (CISA) indicates a 4.35% decrease in daily crude steel output by major producers in early July compared to June. The Chinese government's initiatives on energy conservation, carbon reduction, and steel production control are expected to further restrict steel supply in the latter half of the year. The outcomes from China's Central Committee's Third Plenary Session might also affect economic development and potentially increase steel demand if domestic consumption policies are maintained.

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18/07/2024

India's HRC imports are expected to increase by 85% in the new quarter
India's hot rolled coil (HRC) imports are expected to rise by nearly 85% to 1.35 million tonnes in the second quarter of FY25 (July-September 2025) compared to 0.73 million tonnes in the second quarter of FY24. On a quarterly basis, second-quarter FY25 volumes are expected to increase by approximately 69% from 0.80 million in the first quarter. Approximately 80% of India's steel imports consist of hot rolled coils.
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TR ➡ https://steelradar.com/haber/hindistanin-hrc-ithalatinin-yeni-ceyrekte-85-artmasi-bekleniyor/

18/07/2024

India's HRC imports are expected to increase by 85% in the new quarter
India's hot rolled coil (HRC) imports are expected to rise by nearly 85% to 1.35 million tonnes in the second quarter of FY25 (July-September 2025) compared to 0.73 million tonnes in the second quarter of FY24. On a quarterly basis, second-quarter FY25 volumes are expected to increase by approximately 69% from 0.80 million in the first quarter. Approximately 80% of India's steel imports consist of hot rolled coils.
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TR ➡ https://steelradar.com/haber/hindistanin-hrc-ithalatinin-yeni-ceyrekte-85-artmasi-bekleniyor/

India's hot rolled coil (HRC) imports are expected to rise by nearly 85% to 1.35 million tonnes in the second quarter of FY25 (July-September 2025) compared to 0.73 million tonnes in the second quarter of FY24.

12/07/2024

The Chinese section steel market followed a volatile course in the first half of the year
At the beginning of 2024, the section steel market faced a weak demand environment. Especially in January and February, a downward trend in the market became evident due to off-season demand and tight financial restrictions. During this period, steel mills completed maintenance work early, which created pressure on the supply side. The decline in raw material prices also pulled down prices.
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11/07/2024

Taiwan's HRC-CRC imports increased in the first half of 2024
In the first half of 2024, Taiwan's hot rolled coil (HRC) imports increased significantly, reaching approximately 572,000 tons. This increase indicates a 116.67% increase compared to 264,000 in the first half of 2023.

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TR ➡ https://www.steelradar.com/haber/tayvanin-hrc-crc-ithalati-2024un-ilk-yarisinda-artis-gosterdi/

28/06/2024

Russia's coal supplies to India decline, but increase to China
During March-May 2024, India reduced its coal imports from Russia by 22.4% to 6.76 million tonnes. High prices, lack of discounts and anti-Russian sanctions were cited as the main reasons for the decline in thermal coal purchases. In the same period, Russia increased its lignite coal shipments to China to over $53 million, the highest level since September 2022.
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12/06/2024

Romanian scrap suppliers are against the monopolisation of this sector in Moldova
In an appeal to the Moldovan authorities and the Romanian and EU ambassadors, 13 leading Romanian suppliers warned of the serious consequences of monopolising the import of steel scrap. This could lead to the complete closure of MMZ and violate international agreements, including the Association Agreement with the EU.
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12/06/2024

Romanian scrap suppliers are against the monopolisation of this sector in Moldova
In an appeal to the Moldovan authorities and the Romanian and EU ambassadors, 13 leading Romanian suppliers warned of the serious consequences of monopolising the import of steel scrap. This could lead to the complete closure of MMZ and violate international agreements, including the Association Agreement with the EU.
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11/06/2024

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31/05/2024

EU will update safeguard measures for HRC and wire rod, and extend them until 2026
The European Union (EU) announced to the World Trade Organization (WTO) that it will extend its steel safeguard measures until 30 June 2026. This extension, which will last for another two years, will affect access to the remaining tariff rate quota, particularly for products such as hot rolled coil and wire rod.
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30/05/2024

Dalian iron ore prices are falling

Despite the stimulus in China's property sector, Dalian iron ore futures declined. The most-traded September iron ore contract on the Dalian Commodity Exchange (DCE) fell 1.11% to...

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24/05/2024

China's April crude steel production decreased by 7.2%
Despite the decline, there are some positive signs in the Chinese steel market. While steel production fell by 3.0% on an annual basis between January and April, the manufacturing PMI index continued to expand for two consecutive months. This shows that supply and demand in the steel market have begun to recover.
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23/05/2024

Chinese H-beam imports threaten Vietnam's steel industry
Domestic H-beam steel demand in Vietnam decreased significantly, falling from 275,000 tons in 2022 to 271,000 tons in 2023. This decline is due to many internal and external factors, such as the continuous decline in international prices, strong fluctuations in the USD and the weakening of the real estate and domestic construction sector in the sector.

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TR ➡ https://www.steelradar.com/haber/cin-menseli-h-profil-ithalati-vietnam-celik-sektorunu-tehdit-ediyor/

21/05/2024

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17/05/2024

Iron ore prices in China recover thanks to improvements in the property sector
Iron ore futures improved thanks to back-to-back incentives from China's property sector.
Positive developments in China's property sector continue to come one after another. Chinese local governments' announcements that they will sell unsold houses encourage commercial home purchases.
In addition, the Beijing government removed the floor on mortgage rates as its most valid move so far and encouraged local governments to buy houses and turn them into affordable housing.
The speech by Vice Premier He Lifeng, in which comprehensive incentive packages were announced, did not specify a specific timeframe or pricing for purchases.
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10/05/2024

Russia dominates Türkiye's billet imports with attractive prices
In the Turkish import market, the dominance of offers from the Black Sea region underscores the significance of pricing competitiveness and regional stability. While Southeast Asian supplies struggle to captivate buyers amidst pricing challenges, geopolitical tensions in the Red Sea region add an additional layer of complexity.

Click to view prices ➡ https://www.steelradar.com/en/haber/russia-dominates-turkiyes-billet-imports-with-attractive-prices/
Fiyatları görüntülemek için tıklayınız ➡ https://www.steelradar.com/haber/rusya-cazip-fiyatlarla-turkiyenin-kutuk-ithalatina-yon-veriyor/