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Latest news of steel industry
Russian National Statistic Committee — Russtat declared that, in August, the output of Russian rolling steel products is 38,600,000 tons, declined 2.5 pct YoY. The output of rude steel is 46,200,000 tons, fell 2.8 pct YoY. The output of pig iron is 33,500,000 tons, dropt 0.4 pct YoY.
Supported by the recent demand, thick steel plate includes stainless steel sheet price in North Europe increased, and that in commercial degrade is gradually rising. The recent delivery price of thick plate in commercial degrade S235 is EUR520-540/T. The quotation of thick plate for October rose EUR10-15/T from that in September with actual order price increasing EUR5-10/T.
Reported by Turkey Steel Exporters' Association, steel exports in Turkey continues to slipe. In the first half month of Sep.(Sep.1-Sep.15), Turkey exported steel for 608,000 tons, dropt 16.8 pct YoY, and imported steel at the amount for 0.478 billion dollars, declined 15.1 pct. In the first half month in September, steel exports account for 8.3 pct of Turkey total exports.
Turkey steel scraps market keeps declining.Export price of 1#&2#HMS(80:20) dropt from former USD 369/T CFR to UDS365/T CFR. Analysts suggest that if the exports price of Turkey steel scraps will continue to fall depends on whether they can successfully sell out the deformed steel bar will ship in October at the current price.
September 13th ,2013 American Commercial Department noticed that, they've decided to cancel the anti-dumping administrative recheck investigation against the Steel Threaded Rod made by 7 Chinese enterprises, considering that part enterprises withdrew the application and there were no other application form other benefit parties.
Recently, American thin steel plate price is loose, but it seems not relative to the basic information of market. Recently, hot rolled steel sheet factory price in Midwest America slided 5 dollars per ton to USD 640-688 per short ton, and that of cold rolled sheet maintains at 755-765 dollars per short ton.