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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Do you know development for stainless steel industry in China?

Do you know development for stainless steel industry in China?

Stainless steel industry in China is stepping into a new and globalized age. Also, stainless steel industry in China is striding forward to overseas market such as Southeast Asia, Central Asia, Middle East etc.

Face the Stainless steel industry’s new age, the business pattern for stainless steel industry in China industry is taking on a brand-new look. That is to say, not only should we seize the domestic stainless steel industry market as new opportunities, but also should we take the initiative to capture the new business opportunities for stainless steel in overseas markets. 

According to related report, due to the relative slowly economy development progress, steel industry capacity particularly stainless steel industry in some countries near China is badly lack, for example North Korea, Mongolia, central Asia, west Asia, South Asia, southeast Asia and other countries and regions. It brings great overseas market opportunity for stainless steel industry in China.

Year 2015 is the watershed for China's stainless steel industry business model, price competition caused by product homogeneity has entered a new stage of the downturn. We have been trying to open a new market journey in stainless steel industry for operating characteristic. Fortunately,2016 is coming soon. Hope that in 2016, we can open a new way to conform to ourselves characteristics in stainless steel industry in China.  For more products info,pls link okorder.com.

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