Let's Take A Short Look At Recent Steel Market

With the Christmas holidays and New Year approaching, the short-term international steel market is expected to remain stable. Let's take a short look at recent international steel market situation.

The market for flat steel product remains stable. Enter the Christmas holidays, the US flat steel market still remain stable, the trend will become clear after the New Year. Currently Midwest mill ex-works prices of hot rolled and cold rolled were $ 375-400 per short ton and US $ 520-530 per short ton. According to some market expects’ prediction, Hot Rolled Coils price in January will increase to $ 380-400 per short ton. It will push the market as a whole rose. In January 2016, there is probability of a large rise in steel craps prices, the rebar market has remained stable almost one month.

Since the beginning of this year, the Nordic Hot Rolled Coils prices have dropped by € 80 / ton, the UK fell £ 100 / ton. And earlier this month, some European mills announced price increases of € 20-30 /ton. Market participants lack confidence in the success of price increase, after all, the market is still in a downturn environment.

There will be a rise in Turkish rebar export prices. The main reason is the cost is expected to rise. Also, most market participants expect scrap prices in January next year will be higher. For late rebar prices depend on Chinese market performance. Due to China rebar price is too low, it has been occupied most of the market. According to report, US steel customers have purchase is completed, the Middle East buyers are still purchasing, no demands in other regions.

Due to the recent domestic steel coil market rebound, export offer also follow up, however the turnover is poor. Buyers are expected after the holidays can accept the trend of prices. Currently, ordinary Chinese Hot Rolled Coils export offers at $ 265 / ton (FOB) or so, but price is still low. Cold Rolled Coils export prices now not less than $ 300 / ton (FOB). Because domestic prices are more attractive, mills definitely more willing to sell at home.

Steel market changes day by day, be positive and faith, meet changes with constancy

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