Reportedly, the steel prices in Europe’s market have risen further in last week as the Euro exchange rate depreciated against US dollar. Since the demand for steel in Southern Europe’s market has remained slack; consequent, buyer would observe the market cautiously instead of rushing to place order at this moment.

Recently, US Steel, Nucor Steel, ArcelorMittal and AK Steel have announced to raise the spot prices of steel sheet. The increase scope is at US$40~US$50/ short ton. It’s known that the US steel mills have ever raised the prices by US$30~US$40/short ton in the beginning of November. It’s analyzed that the US steel mills have [...]

Currently, iron ore prices have kept increasing sharply; accordingly, it’s predicted to soar further for sure in next Q1. Moreover, rumors said that the prices of iron ore would have chance to rise by US$10~US$20/ton in next Q1. Analyzers worried about the prospect of China’s steel market as China’s economy has been sliding slightly and [...]

Reportedly, a steel maker disclosed that BHP Billiton has sold 90 thousand tons of Newman fine iron ore at US$171.5/ton, up by 50% year on year. It has reached the highest level of this year. The prices of iron ore has been raising. As a result, the three major manufacturers have all expressed positive attitude [...]