News
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Baosteel raises list price of HRC for January sales by US$29/
Baoshan Iron & Steel Co., Ltd. (Baosteel), the listed subsidiary of the world’s largest steelmaker China Baowu Steel Group, has decided to raise the list price of carbon steel hot-rolled coil (HRC) by RMB 200/ton ($28.7/ton), according to the company. Through its new pricing policy offi...Read more -
Italian producers are shutting down longer and prices are rising well
Italian steelmakers, already on holiday, are expected to shut down production for around 18 days this winter over the Christmas break, but for around 13 days in 2021. The downtime is expected to be longer if the market does not recover as expected, mainly due to the slow recovery of demand in the...Read more -
European plate trading cold – clear steel mill expectations optimistic
Recently due to the Christmas holiday, European plate trading is quiet, but most producers remain optimistic about expectations. Some producers said demand would recover in January and now plan to gradually raise prices. In Germany, the factory price of the plate is about 900 euros/ton, up about...Read more -
New Year holiday to overseas steel prices temporarily stable operation
Due to the upcoming New Year holiday, overseas trading atmosphere light, steel prices mostly stable operation. In Europe, steel demand stagnated over the Christmas holiday. In the past month, with the continuous rise of international steel prices, overseas merchants have increased the price of s...Read more -
India will introduce more policies to encourage steel exports as domestic demand continues to languish
India’s domestic sheet metal prices fell this week, with spot IS2062 hot coil prices falling to Rs 54,000 / tonne in Mumbai market, down Rs 2,500 / tonne from two weeks ago, as demand continued to be insufficient to support the earlier price boost due to the removal of export duties. There ...Read more -
The strengthening of the Chinese yuan steel export prices soared
The offshore yuan surged more than 300 points against the dollar today, returning to the “six times” for the first time since Sept. 21. The recent sharp rebound of the RMB, on the one hand, is the cooling of the US inflation data, the Federal Reserve “hinted” to slow down...Read more -
Beijing Tianjin-Hebei medium – thick board prices are expected to rise slightly next week consolidation operation
This week, Beijing Tianjin-Hebei medium and thick plate market prices rose slightly, the general transaction. In terms of raw materials, iron ore and scrap prices were firmer, coke prices rose and fell, and cost support strengthened. On the supply side, the steel mill profit recovery is not obv...Read more -
Returning to the international market and removing tariffs will enable the Indian steel market
Over the past three years, the EU’s share of imports of Indian hot rolls has grown by almost 11 per cent to 15 per cent of Europe’s total hot roll imports, amounting to around 1.37 million tonnes. Last year, Indian hot rolls became one of the most competitive in the market, and its pr...Read more -
IBC Steel Pipe
Recently, Rainbow got a lot of IBC orders. Hare are the product details: Specification: We welded pre-galvanized steel coil of accurate thickness as 0.8mm or 0.9mm or 1.0mm into square section long tubing, cutting them into different short lengths according to end usage requirement. Surface Treat...Read more
