According to the South African financial 24-hour website reported on May 7, the source said Murray Houston will be in charge of Glencore South Africa’s coal business, replacing the current Clinton love Fulong. Prior to working with Glencore South African Coal, Houston was in charge of the South African coal sector of the company, which was later acquired by Glencore.
Taiwan Zhonghong steel cut in May within the export price
Zhonghong Iron and Steel on the 26th in May within the export price, a comprehensive reduction in the price of the product, which part of the domestic price, hot rolled down 400 yuan per ton, down 2.15%, cold rolled 500 yuan per ton, down 2.27% -2.32%, hot-dip galvanized coil down 1,000 yuan per ton, down 4.54%; export price part, according to different specifications of products and different regions, each ton to maintain flat down to 45 US dollars.
In the red cut in May after the price, hot domestic sales of about 18,200 yuan per ton, cold rolled about 21,000 to 21,500 yuan per ton, hot-dip galvanized steel coil about 21,000 yuan per ton; export price Copies, hot-rolled about 500-510 dollars per ton, cold-rolled about 600 US dollars per ton.
Zhonghong said that the Chinese mainland market recently fell back, the supply of excess and increased inventory, in addition to lower domestic prices, the hot-rolled export prices also followed down, of which Southeast Asia’s latest offer between 440-450 US dollars per ton, which is normal Of the regulation of the phenomenon, as Japan and South Korea because of raw material costs are still high-grade steel, do not want to bargain competition.
Looking forward to the outlook, market participants said the mainland steel prices after this wave of regulation, the circulation market stabilized stabilized, and the international iron ore prices rebounded, coupled with the Australian coking coal prices are still high, so the price of steel Support, market outlook is still worth looking forward to.
Two USA mills raised special bar base prices
Recently, Gail Road long North America and Nucor companies have announced a special bar base price, in the range of 30-50 US dollars / short ton.
Gail Road raised carbon and alloy bar price 40 US dollars / short ton, Nucor raised 3 inches below hot rolled special bar price 30 US dollars / short ton, 3-11 inch hot rolled special bar price 40 US dollars / short ton , 3-inch hot-rolled and heat-treated bar prices $ 40 / short ton, greater than 3 inches hot rolled and heat treated special bar price $ 50 / short ton.
Chile issued anti-dumping investigation on China’s wire rod final ruling
April 22, 2017, the Chilean Ministry of Finance issued a notice, the date of origin of China’s wire rod collection of the final anti-dumping duties, valid for one year. The product number is 72132000, 72139110, 72139120, 72139190, 72139900, 72271000, 72272000 and 72279000. Specific taxation is as follows:
1, impose a 28.8% ad valorem tax on BenxiBeitaiGaosuSteelWireRod;
2, JiangsuShagang company impose 30.8% ad valorem tax;
3, the other Chinese companies levy 38% ad valorem tax.
US hot rolled steel volume prices remain weak
US auto volume prices this week continue to decline, turnover slowed down, the hands of buyers can still support the stock for some time. At present the central and western steel mills hot volume ex-factory price of 610-640 US dollars / short, down 5-10 US dollars last week / short ton. Cold rolled prices are also stable at $ 810-840 / short ton.
Market participants said the US sheet imports have been growing, the current price compared with foreign countries is still much higher, import pressure still exists, and domestic inventory sufficient, so the short term prices are still down space, hot volume prices fell below 600 US dollars / Short ton is very likely.
European Steel profiles Price are steady
After last week’s steel price increases, European profiles were steady this week.
Last week, the Nordic steel plant to improve the profile price of 5-10 euros / ton, mainly due to market orders in good condition, and hope to achieve in May to raise prices 15-40 euros / ton. But this week the price is not yet further rise, because coincides with Easter holidays, the market light procurement, scrap prices also hindered the mills continue to raise prices.
At present, the Nordic category 2 H-beam delivery price stable at 530-555 euros / ton, southern European delivery price of 535-550 euros / ton.
UAE flat steel bar imports fell sharply
Due to continuous decline in China’s offer this week (4.17-4.21) UAE flat imports market fell sharply, the buyer bid low.
The import price of the hot roll is reduced from US $ 490-495 / tonne (CFR) to US $ 455-475 / tonne (CFR), and the China Hot Rolling Report is USD 460 / tonne (CFR), and the bid is quoted at USD 450-455 / tonne (CFR ), South Korea reported 480-485 US dollars / ton (CFR), India suppliers temporarily away from the market.
Cold rolled import price from 590-600 US dollars / ton (CFR) down to 525-530 US dollars / ton (CFR), the Chinese cold rolled at 525-530 US dollars / ton (CFR), no large volume transactions.
Hot-dip galvanized sheet imports from $ 670-730 / tonne (CFR) to $ 640-700 / tonne (CFR), China $ 640 / tonne (CFR). UAE domestic June hot galvanized plate ex-factory price of 730-750 US dollars / ton (CFR).
USA crude steel production weekly (March 25 only)
March 25, 2016 the week, the US domestic crude steel production of 1.72 million short tons, capacity utilization rate of 72.8%. The same period last year production of 168.5 million short tons, capacity utilization rate of 72.1%. Crude steel production rose 2.4% YoY, down 1.3% YoY. March 18, 2016 the week, the US domestic crude steel production was 1.767 million short tons, capacity utilization rate of 73.7%.
Adjusted to March 25, 2016, 2016 US cumulative crude steel production of 20.859 million short tons, capacity utilization rate of 73.4%, an increase of 4.4%. The same period in 2016 were 1997.2 million short tons and 71.3%.
Week crude steel production by region, the Northeast region 20.4 million short tons, the Great Lakes region 666,000 short tons, 168,000 short tons in the central and western regions, the southern 59.4 million short tons, the western 93,000 short tons. The statistic covers about 90% of US crude steel production capacity.
The Lowest Price S50C Steel Plate, only available this week
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– Delivery time: Within 10 days after deposit,
– Quality assurance: mill test certificate available and all inspection before shipment acceptable.
– Validity:7 DAYS
Any interesting. pls contact us. Email: jack@otaisteel.com
Price straight pull up steel trade to make more “three five bucket”
From the second half of last year, the domestic steel prices out of a wave of rapid gains. Rally and not because of the Spring Festival holiday and interrupted, after the Spring Festival, steel prices pulled up straight state. With the gradual improvement of sales, seize the opportunity to hoard goods of steel trade business made a fortune. Jinan City Rongxin of economic and trade Co., Ltd. is one of them.
“After the Spring Festival, sales grew by more than 40%, full income.” 12, in Jinan City Rongxin Trade Co., Ltd. General Manager Cao Long’s office, he told reporters happily, “the Spring Festival after a month Last year ‘s earnings in the first half of the year.
Although the recent days there has been a slight decline in steel prices, but the reporter learned that steel trade is still optimistic about the market outlook, “will show ‘first down after the rise, and then down and then rose’ wave-like rise.” Cao Long predicted.
Generally “earn”
12, when the reporter arrived at Cao Long’s office, he is and several colleagues to drink tea chat.
“Can be said to be a night back ten years ago.” Cao Long joked. According to Cao Long introduced from the fall into the channel in 2011 to the end of the year, the entire market has been in a downturn for about 5 years, during which many steel traders have been out of the market due to loss. However, since last year, the steel market into the “bull market.”
“Although the business is a lot better, but still did not expect the price will rise.” Cao Long said, “and years ago to judge a little mistake, the number of winter storage less, or will earn more.
Earlier this year, Cao Long raised more than 400 million of funds, but in fact only took out less than 3 million yuan for winter storage. “At that time, that winter storage should be, but should not put all the funds on this, after all, now the market and a few years ago different.
At that time, consistent with the views of Cao Long, Jinan Huaxin Trading Co., Ltd. Deputy General Manager Kang Ying. She told reporters: “inventory is the source of loss, but also the source of profits and I think next year the situation will be much better than this year, hoping to continue the winter storage of the road.
Kang Ying believes that in March and April next year, steel market will have a certain rise, it should be as much as possible stocking. “More money will be able to prepare more goods, when the time will be able to earn more.”