News List
Hot sheet prices in China/ Significant drop
China’s Bao Steel, the world’s largest steelmaker, has reduced the price of its September hot sheet by $14 per tonne compared to the previous month. However, for August, it had applied the same amount of price reduction. The stagnation of domestic demand and the continuous decline in global prices forced the factory to…
Billet price drop in China: $3 drop and impact on the market
The price of billet in China’s domestic market fell by $3 to $435 per tonne at the factory door with a 13% VAT. The drop in the price of steel products and the decline in the rebar futures market negatively affected the price of billet. Due to the falling of prices, trading volumes improved.…
Another launching in Ghaenat Steel Complex / Vertical preheater ladle of the Steelmaking Unit
By the help& power of God and with the increasing efforts of all who were involved in the steelmaking project of Ghaenat Steel Complex, including management, complex personnel and other personnel in Iritec, MCC and Barso companies, with the cooperation of the head and personnel of the gas department of Ghaenat city, the gas…
14th Middle East & North Africa Steel Conference
Metal Expert invites market participants to the 14th Middle East & North Africa Steel Conference to be held in Tangier, Morocco on October 30-31, 2024. Day 1, October 30, 19:00 – 21:00 – Preliminary Registration followed by Gala Dinner Day 2, October 31, 09:00 – 18:00 – Sessions` day AGENDA Spot steel trade in…
European market expects potential retroactive duties on imports of hot-rolled steel
The upcoming EU investigation could affect trade sooner than expected The potential introduction of retroactive anti-dumping duties on imports of hot rolled coils (HRC) to the EU could affect trade earlier than expected, Argus Media reports. According to the agency, the European Commission is likely to officially announce an anti-dumping investigation into HRC coils…
Iran plans to triple value of e-commerce exchanges in 5 years
Head of Iran Center for e-Commerce Development has said the entity is targeting to triple the value of e-commerce exchanges in the country in the next five years, IRNA reported. “It is planned to triple the value of e-commerce transactions at the end of the center’s five-year plan, and we hope that the set…
Stability of the Middle East Black Sheet Market: Prices Unchanged, Low deals
The black sheet market in the Middle East continues to its stabilization. The latest price of hot sheet imported from China was registered in the range of $535 to $540 per tonne of the UAE CFR, but despite these prices, purchase orders have been insignificant, and no deal has been finalized so far. …
The gradual growth of chiana,s ironore market
With a slight improvement in the market fundamentals, the price of iron ore imported to China experienced a slight increase for the fifth consecutive day, and in the meantime, market participants are also watching the trend of Chinese macroeconomic news with caution. The latest price index of 62% purity iron ore…
Hungary: largest steel producer gets Chinese support for green upgrade
China’s CISDI Engineering has signed a memorandum of understanding with China Export and Credit Insurance Corporation (Sinosure) on underwriting 1.3 billion euros in financing for two 150-ton capacity electric arc furnaces it is supplying to Indian-owned Liberty Dunaujvaros, Liberty Steel Group reports. CISDI representatives announced the MoU during a visit to Liberty Dunaujvaros’s steelworks…
New Iranian President Invited to BRICS Summit in Russia
New Iranian President Invited to BRICS Summit in RussiaThe Kremlin confirmed that incoming Iranian President Masoud Pezeshkian has been invited to attend a summit of BRICS in Kazan, Russia, slated for October. TEHRAN (Iran News)Pezeshkian has already had an invitation from Moscow to the BRICS summit in Kazan, Russian Presidential Press Secretary Dmitry Peskov…
