Industry News
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After the crash, can steel futures hold the 4000 mark?
After the crash, can steel futures hold the 4000 mark? Last Friday night, the decline accelerated. On Sunday, spot traders in many places sold at low prices. The decline continued at the opening on Monday, and quickly fell below the 4,000 mark, basically meeting the expectations on Friday. Judgin...Read more -
Long and short seesaw fierce, steel price trend to be clear
Long and short seesaw fierce, steel price trend to be clear Although the excessively bearish sentiment is being repaired, from the current trend, although the futures disk has risen, the strength of the rise is obviously weak, and the bulls and bears are currently in a continuous tug of war. In a...Read more -
Southeast Asian billet demand is weak, transaction pause
Southeast Asian billet demand is weak, transaction pause Recently, Southeast Asian billet transactions have stagnated, and the main steel export countries such as Vietnam and Indonesia have not updated export quotes this week. Market participants said that the Vietnamese blank cubes were sold for...Read more -
The demand for overseas markets is sluggish, and the price of HRC is generally down
China Export: After a month of continuous decline in China’s HRC internal trade, the overall showed stability and rising this week. The leading steel mill has not yet been publicly reported, but is the bid relatively stable, and some low -cost resources have marginal calls. The price of SS4...Read more -
Weak demand in Turkey, Russian HRC prices will be under pressure
Weak demand in Turkey, Russian HRC prices will be under pressure Since the outbreak of the Russia-Ukraine conflict, Turkey has replaced Europe as the main market for Russian HRC. Demand in Turkey has been sluggish recently, after scrap prices continued to weaken, and Russian mills had to cut thei...Read more -
The steel market rebounded in shock, and the transaction continued to increase
The steel market rebounded in shock, and the transaction continued to increase Beginning last week, the steel market stopped falling and rebounded, and prices continued to rise. Especially on weekends, in the absence of futures guidance, spot price quotations have risen one after another. Accordi...Read more -
Southeast Asia HRC fell by US$70/ton on a week-on-week basis (6.17-6.24)
Southeast Asia HRC fell by US$70/ton on a week-on-week basis (6.17-6.24) 【Market Overview】 Domestic trade in China: The average price of domestic hot-rolled coil market fell sharply this week. The price of 3.0mm hot-rolled coil in 24 major markets across the country fell by 276 yuan/ton from la...Read more -
Can the steel market after the “slump” usher in a “surge”?
Can the steel market after the “slump” usher in a “surge”? Since June, due to the obvious lack of demand release in the off-season, the domestic steel spot market has entered a “slump” market. The national hot-rolled coil spot fell by 545 yuan from the beginnin...Read more -
Rare! Futures Steel fell 295yuan! Steel prices plummeted 370yuan! Iron ore is down!
Rare! Futures Steel fell 295yuan! Steel prices plummeted 370yuan! Iron ore is down! Consistent with the first drop this week predicted last week, steel prices fell sharply on June 20th. The black futures fell frighteningly, and the decline of futures steel hit a two-year low; the spot market also...Read more -
Insufficient demand is the main line, the domestic steel market will bottom out again
Insufficient demand is the main line, the domestic steel market will bottom out again The market price of major steel varieties has fallen. Compared with last week, the rising varieties have decreased, the flat varieties have decreased, and the decline varieties have increased significantly. Two ...Read more -
Urgent notice, the steel billet fell by 50 Yuan again!
Urgent notice, the steel billet fell by 50 Yuan again! Steel prices continued to fall today, in the same direction as yesterday’s forecast, but the decline was larger than expected, mainly due to the current market’s disappointment and pessimism that the expected fulfillment was block...Read more -
Long and short duel, the steel market may continue to be bearish
Long and short duel, the steel market may continue to be bearish This week’s opening quotations fell, traders were quite divided, and some continued to be bullish. However, the spot market transactions were not good, and the market panic still accounted for most of them. As the policy conti...Read more
