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Steel market, iron ore, scrap World Day 15/12
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According to the World Steel Association, steel output of 65 major steel producing countries in the world to reach 1,345 million tons in the first 10 months this year, up 3.4 million tonnes from the same period last year. Steel production in 28 European Union countries reached 141.58 thousand tons, in Asia reached 919 542 tonnes. Steel production in China reached 675 104 tonnes.
According to Taiwan's Ministry of Finance, in the first 11 months of 2015, exports fell by 10.3% of Taiwan over the same period last year, export orders also fell by 5.3% due to the economic situation of Taiwan increasingly serious decline, will influence the capacity of the iron and steel industry.
(News date) Feng Hsin Iron & Steel Co., one of the leading manufacturer of large steel long products in Taiwan announced stable rebar prices and scrap prices this week. After the announcement, the price of rebar is at 11,300 Taiwan dollars / ton; steel price remained at 16,500 Taiwan dollars / ton. Scrap buying prices of companies in the 4500 ~ 5000 Taiwan dollars / ton.
(MEPS) This year, the proportion of steel in China has reached 100 million tons. The Chinese steel exports soared pushing the steel industry in Europe and the US face the crisis, in the context of steel manufacturers on both sides of the Atlantic are still struggling to recover from the financial crisis bridge 2008. Currently, China 340 million tons of excess steel, more than 2 times the number of steel which countries the European Union (EU) produced in a year.
Exports of seamless steel tubes welded Italy remains weak, due to seasonal factors in the major exporting countries. Despite the sluggish market demand in recent months, but the pipe supplier Italy remained in the domestic and export prices stable, due to weak euro against the dollar. Currently, seamless pipe sizes 2 "-6" of Italy for the price of 800 ~ 820 Euro / ton, ex-works prices. Price of steel pipes ASTM A106 Class B 1060 ~ 1085 Euro price / ton FOB, ex-works prices.
(News date) of Italian scrap prices were down slightly in early November but increased by 10 ~ 15 Euro / ton by the end of May 11. Meanwhile, the major steel mills have increased prices Italya buy to hold scrap reserve levels relatively in time to stop production month 12. At present, domestic steel scrap prices (E5) of 135 ~ 145 Italya Euro / ton, the price of steel scrap (E3) price is 165 ~ 175 Euro / ton, not including VAT.
(News date) SNG has offered gang to Italy with the tender price is 215 ~ 220 USD / ton CIF. However, the most recent trading price of 200 Euro / ton CIF. Market participants said the price was not acceptable, especially because the price is acceptable will depend on market conditions in January.
(News date) According to statistics for the month 10/2015, iron ore exports reached 5.808 million tonnes of South Africa, an increase of 28.3% over the previous year. The average export price reached $ 60.8 / ton, down 38.3% from the previous year. Among them, South Africa has exported 4.509 million tons of iron ore to China; 257,000 tons of iron ore to Hong Kong; 210,000 tons of iron ore to Korea and exported 200,000 tons to Japan.
(TTGCVT)
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18/8/2025
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