Information steel markets, iron ore world 11/27/2015

(Newsdate) Export rebar maintain weak Commonwealth, the buyers do not intend to make any buying activity so far and waiting for prices to fall further. Currently, rebar export prices of the Commonwealth at 280-290 USD / t FOB for April delivery 1/2016.

 

 

 

(Newsdate) of UAE rebar prices continue to fall 3 USD / ton over the past week, down to 393-395 USD / ton. Market participants said the UAE market needs to be improved, because the construction projects and infrastructure increased at this time. Meanwhile, traders UAE plans to cut prices in order to increase sales.

 

(Newsdate) This week, rebar prices continue to fall, due to market demand has not improved, only certain transactions. Some buyers have switched to buying imported goods, with better arrangements.

Market participants said weak demand and scrap steel prices decline, this will make US rebar prices continue to fall. It is expected that steel prices will remain weak in the near term.

 

(Newsdate) Russian steel demand is expected to fall further in coming years, as oil prices fell sharply, and the economic crisis in Ukraine. The Russian government pointed out that the country's economy has improved in the second quarter / 2015. However, the country's GDP may decrease 3.5-4% compared with the previous forecast in 2015. Meanwhile, demand for hot rolled carbon steel reached 12.9 million tons from Russia in 2015, down 8 % compared to the same period the previous year. Expected demand for this product will decline by 2.8% next year, down to 12.5 million tonnes.

 

 

 

(Newsdate) market demand for color coated steel domestic market maintains weak Turkey, prices are not changed in the past week. Market participants said, the buyers hesitant to make any certain purchase orders at this time.

Meanwhile, export prices of PPGI steel Turkey decreased by 20 USD / ton, FOB, down to 660-700 USD / ton delivery month 1/2016. However, the buyers believe that prices are still higher than the previous offer price.

 

(Newsdate) Stats Turkey said in May 9/2015, the country imported 950,101 tons of iron ore, an increase of 12.77% over the same month last year, imports reached 73.5 million USD, down 26.55% over the same month last year.

In the first 9 months of 2015, Turkey imported 7.51 million tons of iron ore, up 18.5% over the same period last year. Among them, Turkey has imported 3.43 million tonnes from Brazil, increased 44.66% over the same period last year. Sweden reached 1,322,341 tons, an increase of 0.26% over the same period last year, and Russia reached 1,118,153 tons, down 5.22% over the same period last year.

 

 

 

(Newsdate) Export prices of flat products Turkey decreased by 10 USD / ton over the past week, as the market demand continues to decline further. Currently, the foreign buyers will only purchase volume if necessary. Meanwhile, the price of hot rolled coil Turkey reached US $ 300-310 / ton FOB, delivered in December, CR coil prices reached US $ 400-410 / ton FOB, delivered in December in order respectively.

 

(Newsdate) The latest data of the Institute of Latin American Iron and Steel said that it had imported 6.3 million tons of steel from China, an increase of 5% over the same period last year. Meanwhile, in the first 3 quarters of 2015, China exported a total of 75.8 million tons, including to countries in Latin America, representing more than 8.4%, down 10.3% from the same period last year .

 

(Newsdate) National Statistical Agency of Colombia (DANE) said that in the first 9 months of 2015, exports reached 99,245 tonnes of nickel ore Colombia, down 0.5% from the same period last year. Colombia's nickel ore exports in September reached 13,910 tonnes, up 1.8% from the same month last year.

In the first 9 months of 2015, Colombia exported 145,671 tons of steel, down 16.8% from the same period last year. In September, Colombia has exported 19 754 tonnes, up 4.6% from the same month last year.

 

Source: GCVT