According to the prices of the global steel markets, the scrap price reached 408$/tonne , Iron ore price was 96$/tonne , while the prices of billets ranged between 565 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron […]
Steel prices in the third week of July 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 410$/tonne , Iron ore price was 114$/tonne , while the prices of billets ranged between 545 and 680$/tonne, and the prices of rebar ranged between 710 and 720$ / tonne, Wire Rod ranged between 750 and 800$ / tonne. Prices for iron
Steel prices in the second week of July 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 375$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 550$/tonne, and the prices of rebar ranged between 660 and 680$ / tonne, Wire Rod ranged between 720 and 750$ / tonne. Prices for iron
Steel prices in the first week of July 2022 Read More »
Oil prices fell, as persistent fears of stagnant demand cast a shadow over sentiment and put the benchmark crude on track for its third consecutive weekly loss. By 04:28 GMT, Brent crude futures were down 20 cents, or 0.2%, at $108.83 a barrel, giving up gains of more than a dollar earlier in the session.
Oil prices fall, Brent crude to $108.83 a barrel Read More »
According to the prices of the global steel markets, the scrap price reached 329$/tonne , Iron ore price was 115$/tonne , while the prices of billets ranged between 500 and 580$/tonne, and the prices of rebar ranged between 610 and 660$ / tonne, Wire Rod ranged between 700 and 740$ / tonne. Prices for iron
Steel prices in the fourth week of June 2022 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.5 million tonnes (Mt) in May 2022, a 3.5% decrease compared to May 2021. Asia and Oceania produced 126.8 Mt, down 1.7%. The EU (27) produced 12.9 Mt, down 6.8%. Europe, Other produced 4.1 Mt, down 1.7%. The Middle
World crude steel production decreased by 3.5 % in May Read More »
According to the prices of the global steel markets, the scrap price reached 363$/tonne , Iron ore price was 121$/tonne , while the prices of billets ranged between 545 and 640$/tonne, and the prices of rebar ranged between 695 and 710$ / tonne, Wire Rod ranged between 750 and 820$ / tonne. Prices for iron
Steel prices in the third week of June 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 413$/tonne , Iron ore price was 141$/tonne , while the prices of billets ranged between 585 and 620$/tonne, and the prices of rebar ranged between 725 and 740$ / tonne, Wire Rod ranged between 760 and 840$ / tonne. Prices for iron
Steel prices in the second week of June 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 435$/tonne , Iron ore price was 144$/tonne , while the prices of billets ranged between 590 and 630$/tonne, and the prices of rebar ranged between 740 and 770$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for iron
Steel prices in the first week of June 2022 Read More »
An exemption for UK steel and aluminium products from additional US tariffs imposed under former President Donald Trump came into force on June 1. According to the new deal, British manufacturers will be allowed to export up to 500,000 tonnes of steel and 21,600 tonnes of aluminium to the United States annually without being subject
Exemption for British steel products from US tariffs takes effect Read More »
According to the prices of the global steel markets, the scrap price reached 456$/tonne , Iron ore price was 135 $/tonne , while the prices of billets ranged between 615 and 665$/tonne, and the prices of rebar ranged between 750 and 800$ / tonne, Wire Rod ranged between 840 and 900$ / tonne. Prices for
Steel prices in the fourth week of May 2022 Read More »
Oil prices continued to rise to their highest level in two months, with gains supported by expectations of reduced supplies due to increased gasoline consumption in the United States during the summer and the possibility of the European Union ban on Russian oil imports. By 22:28 on May 27, Abu Dhabi time, Brent crude rose
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in April 2022, a 5.1% decrease compared to April 2021. Asia and Oceania produced 121.4 Mt, down 4.0%. The EU (27) produced 12.3 Mt, down 5.4%. Europe, Other produced 4.2 Mt. up 0.5%. North America
World crude steel production decreased by 5.1% in April Read More »
According to the prices of the global steel markets, the scrap price reached 460$/tonne , Iron ore price was 136$/tonne , while the prices of billets ranged between 600 and 650$/tonne, and the prices of rebar ranged between 760 and 790$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the third week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 490$/tonne , Iron ore price was 128$/tonne , while the prices of billets ranged between 610 and 660$/tonne, and the prices of rebar ranged between 810 and 840$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the second week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 535$/tonne , Iron ore price was 139$/tonne , while the prices of billets ranged between 680 and 730$/tonne, and the prices of rebar ranged between 880 and 900$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the first week of May 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 550$/tonne , Iron ore price was 146$/tonne , while the prices of billets ranged between 680 and 720$/tonne, and the prices of rebar ranged between 880 and 900$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices at the end of April 2022 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.0 million tonnes (Mt) in March 2022, a 5.8% decrease compared to March 2021. Global crude steel production was 456.6 Mt in the first three months of 2022, down by 6.8% compared to the same period in 2021. Asia
World crude steel production declined by 5.8% in March Read More »
According to the prices of the global steel markets, the scrap price reached 620$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 700 and 770 $/tonne, and the prices of rebar ranged between 920 and 950$ / tonne. Prices for iron and steel products in Russia and Ukraine were
Steel prices in the fourth week of April 2022 Read More »
US investment bank JP Morgan warned that the price of oil could reach $185 a barrel if the European Union decides to impose a speedy ban on the import of oil and natural gas from Russia. Natasha Kaneva, an economic analyst at the bank, said that any immediate ban on Russian oil would prevent 4
JP Morgan warns oil prices will rise to $185 if Russian oil imports are banned Read More »
On April 19, the International Monetary Fund reduced its forecast for global economic growth during 2022 and 2023 by 0.8% and 0.2% respectively, compared to the update of the global economic prospects in January, by 3.6% in the two years. In the latest World Economic Outlook report released on April 19 during the Spring Meetings
IMF lowers its forecast for global economic growth to 3.6% in 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 637$/tonne , Iron ore price was 155$/tonne , while the prices of billets ranged between 720 and 740$/tonne, and the prices of rebar ranged between 950 and 980 $ / tonne. Prices for iron and steel products in Russia and Ukraine were
Steel prices in the third week of April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 154$/tonne , while the prices of billets ranged between 785 and 900$/tonne, and the prices of rebar ranged between 965 and 995$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the second week of April 2022 Read More »
According to the prices of the global steel markets, the scrap price reached 653$/tonne , Iron ore price was 160$/tonne , while the prices of billets ranged between 800 and 900$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the first week of April 2022 Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 142.7 million tonnes (Mt) in February 2022, a 5.7% decrease compared to February 2021. This is mainly due to the decline in the production of China by -10.0%, the largest producer and consumer of steel in the world, and
World crude steel production declined by 5.7% in February Read More »
According to the prices of the global steel markets, the scrap price reached 655$/tonne , Iron ore price was 151$/tonne , while the prices of billets ranged between 810 and 910$/tonne, and the prices of rebar ranged between 950 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the fourth week of March 2022 Read More »
International Monetary Fund Managing Director Kristalina Georgieva said yesterday that new IMF forecasts due in April will show that the war in Ukraine will slow global economic growth, but not cause a global recession. In a webinar hosted by “Foreign Policy” magazine, the Director of the Fund stressed that some weak emerging economies that are
IMF: An expected slowdown in global growth, Countries facing the risk of recession Read More »
The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from other products. In a joint statement, U.S. Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai said the deal would protect
New U.S.-U.K. trade deal cuts tariffs on British steel Read More »
Brent crude futures jumped more than $3 to $119 a barrel early Tuesday, a day after oil prices closed more than 7% higher as the European Union considers banning Russian oil. Oil prices closed more than 7% higher on Monday, and Brent crude jumped above $115 a barrel, while European Union countries disagreed over joining
Oil prices jump 3% and approach $120 a barrel Read More »
According to the prices of the global steel markets, the scrap price reached 650$/tonne , Iron ore price was 150$/tonne , while the prices of billets ranged between 810 and 905$/tonne, and the prices of rebar ranged between 940 and 970$ / tonne. Prices for iron and steel products in Russia and Ukraine were not
Steel prices in the third week of March 2022 Read More »