3rd September 2010
2010-08-17 Read More

China’s steel demand moderate, and price may fluctuate

Although steel price surged sharply in China market due to rise of raw material costs, local steel producers would rather adjust their prices on actual demands than hike the prices recklessly. The current market remained moderate and most buyers were waiting for new quotations of major steelmakers. Accordingly, steel price is expected to keep fluctuating lately.
2010-08-16 Read More

Iron ore spot price up in China

Indian iron ore price kept rising by US$2~4/ton to US$154~156/ton to China in spot market. China’s steelmakers are expected to raise their price for September to offset increase in raw material cost, China’s major steelmaker, Baosteel, will announce its new price next week.
2010-08-11 Read More

China’s mills expected to raise prices for September

China’s top three steelmakers, Baosteel, WISCO, and Ansteel, are expected to raise their prices for September delivery by at least RMB300/ton in response to demand recovery and iron ore price increase in the third quarter. Reportedly, steel price has rebounded by RMB300/ton in spot market since middle July. The current iron ore price has surged to US$150/ton by US$30/ton compared to that a month ago.
2010-08-10 Read More

European steel demand goes up slowly

With the recovery of the European steel industry, European mills estimated that the steel demand would rebound in 2011. According to the report from Eurofer, in the short term, implementing the tightening policy is not a good way for European steel industry to get rid of the difficulties. Eurofer said that since the second quarter of this year, European steel demand has begun to rebound slowly. Eurofer ...
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