7th February 2012
2010-12-22 Read More

Angang Steel increases steel prices for next Jan.

Reportedly, China’s Angang Steel has announced to raise the prices of most steel product by RMB100~RMB350/ton for next January after Baosteel and Wuhan Iron and Steel Corp. (WISCO) increased the ex-work prices. Currently, China's daily output of crude steel was averaged at 1.667 million tons in the first 10 days of December, up by 1.5% compared to the corresponding period last month. Even though China’s steel ...
2010-12-13 Read More

Baosteel lifts steel prices for Jan., 2011

Reportedly, China’s Baosteel has announced to lifts its steel prices for January, 2011. The prices of hot rolled coils, including low carbon, ultra-low carbon, and normal cold-formed usage steel have increased by RMB260/ton; others have been up by RMB100/ton. For the pickling material, the prices have soared by RMB200/ton averagely. Meanwhile, the prices of cold rolled steel have increased by RMB200~RMB300/ton; that of hot-dip ...
2010-12-08 Read More

International coking coal prices expected to rise sharply in 2011

Reportedly, due to strong demand from China, analyst indicated that the average contract prices of international coking coal may stand at US$240/ton FOB in 2011; furthermore, it would have a large increase in the second half of 2011. Besides, the appreciation of Australian dollar may boost the prices of coking coal to rise further as Australia’s deal volume of coking coal takes 64% of the ...
2010-12-07 Read More

Depreciated Euro exchange rate pushes up steel prices

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.
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