steel
Steel

India: Mills raise coated flat steel list prices for Feb’25; trade market follows suit

Trade-level coated flat steel prices rose this week after the mills announced a hike in their tags for February 2025 sales. The effective list price of galvanised plain (GP, 0.8mm, 120gsm, IS277) coils stood at INR 59,250-60,000/tonne ($/t) ex-Mumbai, while pre-painted galvanised iron (PPGI, 0.5mm, 90gsm, IS14246) coils were at INR 69,250-70,000/t ($/t) ex-Mumbai for […]

Steel

India: Finished stainless steel prices remain range-bound w-o-w as market fails to gain momentum after Budget

India’s stainless steel finished flats prices remained range-bound while finished longs dropped w-o-w amid weak demand in the finished segment and declining LME nickel prices. Although market participants had anticipated an improvement following the Budget, this has failed to materialise. Budget FY’26: Tariff on stainless steel flat products revised, effective duty unchanged In a move […]

steel
Steel

China’s steel exports hit 2nd-highest peak over Jan-Nov’24. 2025 may see trade probes impact

Morning Brief: China’s steel exports crossed the 100-million tonne (mnt) threshold in January-November, 2024 (11MCY’24), clocking 101.30 mnt, as per data recorded by China’s Customs and maintained with BigMint. The volume also surpassed 2023’s 90-odd mnt. The exports are the second-highest ever, playing catch-up with the peak of 115 mnt recorded in 2015. However, on a […]

Steel
Steel

Japan: Nippon Steel Stainless secures lower ferro chrome prices for Jan-Mar’25

Japan Metal Daily: Several South African chromium producers have agreed with Japan’s Nippon Steel Stainless Steel Corporation to reduce the price of ferro chrome, a key raw material for stainless and special steel, by around 7% for January-March 2025. Similar moves are expected from other companies in the industry as well. This marks the second straight […]

Steel
Steel

China Weekly: Steel prices edge up following uptrend in SHFE futures

The Chinese steel market saw an uptickin prices this week, largely mirroring the rise in Shanghai Futures Exchange (SHFE) prices. Domestic steel product prices, including billet, hot-rolled coil (HRC), and rebar, saw w-o-w increases. Iron ore prices also experienced a slight upward trend this week. 1. Iron ore spot prices increase by $2/t w-o-w: The benchmark […]

steel
Steel

China’s crude steel production continues to fall in Jan-Oct. Mills cautious on long term

Morning Brief: The decline in China’s crude steel production continued. Over January-October, 2024 (10MCY’24), it fell 3% to 850 million tonnes (mnt) compared to 877 mnt in the corresponding period last year (CPLY), as per data NBS maintained with BigMint. M-o-m, October output, however, rose 2.9% to 81.9 mnt. Province-wise break-up The top five among the […]