Italian hot-rolled coil (HRC) prices stabilize as import offers hit a low point.
Coil prices in Italy are relatively stable this week, with some buyers making low bids that mills are resisting
Buyers encounter cost pressure as Taiwanese scrap prices decline.
The Taiwanese scrap market has shown signs of weakening this week
German consortium constructs a test facility for an electric DRI smelter.
Thyssenkrupp Steel has enlisted Grenzebach Maschinenbau to oversee the design, construction, and launch of an electric smelter test facility
Italian mills in Europe reduce rebar prices once more.
Italian longs producers have reduced prices this week amidst a sluggish construction season and a subdued global market recovery
Duty-evading scrap exports lead to a tightening of the local market in the UAE.
Scrap prices in the United Arab Emirates are poised to increase due to ongoing export activities and reduced collection during Ramadan
The pressure from Saudi Arabian rebar prices impacts billet and scrap prices.
Saudi Arabian rebar producers are declining local billet priced above SAR 2,060/tonne ($549) delivered
Impact of Fresh ASEAN Flat Steel Factories on Turkish Steel Imports.
Expanding steelmaking capacities in Malaysia and Indonesia, spearheaded by Eastern Steel and Dexin Steel, are poised to transform the Turkish import market in the near future.
Continuation of a Quiet Period in the Russian Export Billet Market
In the fourth quarter of 2023, Vtorion, a prominent digital marketplace specializing in secondary raw materials in Russia, experienced a notable surge in online scrap trading turnover
Agreement between Meranti Green Steel and German trader established.
Germany’s Interfer Edelstahl Handelsgesellschaft, a steel trader, has entered into a memorandum of understanding with Singapore’s Meranti Green Steel
JBIC Extends Loan to Vale to Ensure Iron Ore Supply for Japan
Japan’s Japan Bank for International Cooperation (JBIC) has agreed to extend a loan of up to $480 million to Brazilian mining company Vale
