Tag Archives: billet price
At the SteelOrbis 2015 Fall Conference & 73rd IREPAS Meeting held in Rome on October 5, Mete Sahin, semi-finished and long products sales manager of Turkey-based steel mill Çolakoğlu Metalurji, said that, after hitting the bottom in 2009, in Turkey GDP, construction, manufacturing and the steel industry saw a quick recovery in 2010, though the […]
As of March 23, inventory of iron ore at 33 major Chinese ports amounted to 96.56 million mt, down 1.84 million mt or 1.87 percent compared to the inventory level recorded on March 17, as announced by China’s Xinhua News Agency on March 24. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 55 points, down three points week on […]
After falling below the $60/mt threshold on March 5, last week the prices of 62 percent Fe content iron ore mostly trended sideways with slight declines and closed the week at $58/mt CFR China. Following the U.S. Energy Information Administration’s (EIA) announcement on March 18 of oil stocks being above the expected levels, crude oil […]
Michael Setterdahl from Nucor, the chairman of the traders’ committee, stated that traders are now increasingly seeing more regionalization in trade.