As of December 22, inventory of iron ore at 33 major Chinese ports amounted to 99.18 million mt, down 3.96 million mt or 3.84 percent compared to the inventory level recorded on December 15, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 69 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price […]
Rumors have continued to prevail in the market that China is about to remove its export tax rebate for boron-added steel products. Insiders have said that the official report on the removal of the export tax rebate in question was drafted some time ago, and that it has been taken into consideration again in recent […]
As of December 1, inventory of iron ore at 33 major Chinese ports amounted to 104.82 million mt, down 1.09 million mt or 1.03 percent compared to the inventory level recorded on November 24, as announced by China’s Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 70 points, down one point week on week. Meanwhile, the Xinhua-China Iron Ore Price […]
SteelOrbis, the gathering point of the steel sector, continues to offer you new opportunities… With our new ‘SteelBonus’ service, you will earn bonuses from the SteelOrbis products you buy and you can spend your bonuses whenever you buy new products from SteelOrbis! What is SteelBonus? • A digital card account that will be created free of charge for […]
Esteemed members of the steel industry, I would like to start by giving you some information about the Turkish steel industry. The Turkish Steel Exporters Association has over 700 member companies that are both exporters and producer-exporters. The primary goal of our Association is to increase our export potential and achieve sustainable competitiveness on a […]
By Eric J. Stuart Vice President, Environment & Energy Steel Manufacturers Association Recycled ferrous scrap typically constitutes over 90 percent of the material input of electric arc furnace (EAF) steel producers, aka “minimills.” The recycling of steel scrap in EAFs plays an important role in the conservation of energy. On a per-ton basis, steel produced […]
Speaking at the SteelOrbis Fall 2012 Conference and 67th IREPAS Meeting held in Munich, Lutz Karpowitz, the director of FX strategy within Commerzbank, told attendees that the Outright Monetary Transactions (OMT) program of the European Central Bank (ECB) is not a game changer at all.
At the SteelOrbis Fall 2012 Conference & 67th IREPAS meeting held in Munich on September 30-October 2, Enrico Paglia from Banchero Costa presented the latest situation in the freight market and analyzed expectations.
The first week of July was anticipated to be a quiet one in terms of activity in the US steel market given the mid-week Independence Day holiday, making Severstal North America’s price increase letter on Monday, July 2, that much more of a surprise.
For several weeks, import offer prices of rebar and wire rod to the US from Turkey kept slipping further and further down, while many potential US customers just sat back and waiting for prices to hit bottom. But instead of hitting bottom and staying there long enough for buyers to actually have a chance to […]