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Europe stainless mills trimmed their surcharges for the 300 series grade over the August shipment, sending a signal to kick off the stainless price adjustment across much of the global market. For instance, EU’s first largest stainless mill, Outokumpu, cut its August surcharges by 118 euros to 2,228
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World crude steel production almost equated over the first half of the year that posted a year thanks to a surprise climb in June alone. According to World Steel Association, the first 6 months crude steel output was down 0.7 percent to 931.5 million tons, attenuating its slipping degree a year ago.
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This first half of the year sent a total of 237,335 tons stainless hot coil to overseas, sliding 7.8 percent over year. This reinstated a 2-year low since the first half of 2024 of 214,188 tons exports. In terms of export value, the subject product amounted to $413.13 million attenuated 3.8 percent
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With the offseason paring the steel consumption hot coil market remains edging lower although sufficient stocks help stable offering yet mixing low value offer from the southeast Asia and softer foreign exchange rate against the US dollar are fording market participants to shift their eyes to the ri
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Entering the fourth week of July domestic H-beam prices slipped over week by 10,000 won lower trading at 1,160,000~1,170,000 won a ton for the light and medium caliper grades, on distribution channels. This comes in the third consecutive week fall. Prior to this, EAF mills handed out to notify of 30
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This first half cleared reshaping supply chains centering US in refined copper produces. Their exports headed US soared to a large extent elevating the entire improvement while copper scrap from US as well took the lead of the total imports. Conversely, refined copper exports slipped towards China.
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The Chinese steel domestic price missed lately diverging by product and Steelhome of China pointed out that hot coil and hot dip galvanized sheet prices slid 11 yuan and 10 yuan each trading at 3,395 yuan and 4,110 yuan a ton respectively during the fourth week of July. Plate and CR prices also rose
