September 1, 2021
Iron ore futures plunge over 8% on lacklustre demand outlook
Chinese iron ore futures plunged more than 8% on Wednesday, pulled down by sluggish spot market while restrictions on steel output across the country dashed prospects of restocking demand. “The September delivery (of iron ore) remains wide contango,” analysts with SinoSteel Futures wrote in a report, noting that price for the deliverable product Super Special …
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Libyan Iron and Steel Company resumes operating production units after a two-month
The Libyan Iron and Steel Company announced on Tuesday the resumption of the operations of the company’s production units after a two-month hiatus based on the decision of the National Unity Government. The company said on its Facebook page: The double line specialized in the production of skewers is the first factory that has resumed …
Libyan Iron and Steel Company resumes operating production units after a two-month Read More »
Turkey’s steel import value up 85.6% in January-July
According to the provisional foreign trade, statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretaries of Customs, Turkey’s iron and steel imports value increased by 95.2% year on year, totalling $2.60 billion. Iron and steel ranked second among the most imported products of the country in terms of value in July this …
Turkey’s steel import value up 85.6% in January-July Read More »
Emirates Steel reduces rebar prices for the month of September
In our constant efforts and commitment towards maintaining the balance of pricing within the local steel market and to support the country’s construction sector, Emirates Steel has reduced its Rebar (8-32 mm) prices for the upcoming month of September to AED 2,610/per ton, approximately $710, compared to the AED 2,956/per ton sold, close to $805 …
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