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Industry Economics

Steel prices ease over 10%, coal crisis playing havoc on secondary ...
Tue, 17 May 2022 00:00:00 GMT
Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 percent to Rs 57,000 per tonne in the Kolkata market from a high of Rs 65,000 a tonne. Coal which is a key raw material for the secondary steel producers has turned out to be the major pain point, officials said. Steel prices from leading

Dalian iron ore rebounds on supply woes, easing of China COVID ...
Tue, 17 May 2022 00:00:00 GMT
Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the worlds top steel producer also lifted trader sentiment. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange DCIOcv1ended daytime trade 3.9% higher at 834.50 yuan ($122.80) a tonne, after posting its biggest weekly loss in nearly three months on Friday. On the Singapore Exchange, the

China: Steel industry on path to get stronger
Mon, 16 May 2022 00:00:00 GMT
Chinas steel industry is expected to run smoothly for the rest of the year with demand growth outpacing production growth, and steel demand to further increase thanks to policy support, according to authorities. The steel industry remained stable in China with consistent supply and steady prices during the first quarter of this year, despite the complicated conditions. The steel industry is expected to achieve better performance as the overall Chinese economy expands and policy measures

German rebar market holds breath amid international correction
Mon, 16 May 2022 00:00:00 GMT
Activity in the German rebar market has subsided to the point that mills have stopped giving offer prices,Kallanishhears from observers. There is no daily price at the moment, youd have to negotiate individually, a manager of a distributor group says. This situation is mainly the result of the wide gap to prices in other

Shanghai steel rebar, HRC futures range-bound on lean downstream ...
Sat, 14 May 2022 00:00:00 GMT
Chinese steel rebar and hot-rolled coil futures traded in a tight range on Friday and posted weekly losses as COVID-19-related restrictions and heavy rains dented downstream demand. China has been trying to strengthen its economy hit by the COVID outbreak, rolling out measures to help small firms and stabilize jobs and relaxing controls in the property market. However, its strict lockdowns are expected to continue to weigh on industrial activity, resulting in weaker demand for metals, ANZ

Hydrogen below $3/kg needed for breakeven green steel in Europe
Fri, 13 May 2022 00:00:00 GMT
Delivered hydrogen prices of below Eur3/kg ($3.10/kg) would be needed for breakeven green steel production in Europe in the current high energy price environment, industry group Hydrogen Europe said in a new report. The cost of producing renewable hydrogen via alkaline electrolysis in Europe was assessed at Eur10.70/kg ($11.18/kg) May 11 (Netherlands, including capex),

Thyssenkrupp's earnings win over costs in first half-year
Thu, 12 May 2022 00:00:00 GMT
Despite macroeconomic and geopolitical headwinds, thyssenkrupp was able to continue its good performance into the second quarter of the fiscal year through September 2022 (FY22). The groups order intake went up by over 50% year-on-year to 13.6 billion ($14.4 billion). Key drivers were higher market prices for steel achieved by its mill unit, tk

Ruias, ArcelorMittal look to settle Hazira dispute
Thu, 12 May 2022 00:00:00 GMT
The Hazira steel plant is the country's largest single-location flat steel plant. It was set up by Essar at a cost of more than Rs30,000 crore and was acquired by Arcelor Mittal in bankruptcy proceedings in

China iron ore hits nearly 2-month low on interest rate, demand ...
Wed, 11 May 2022 00:00:00 GMT
Chinese iron ore futures dropped up to 7% on Tuesday to touch their lowest in nearly two months, fuelled by concerns of higher interest rates and still-stagnant demand at home. The U.S. Federal Reserve approved half-a-point interest rate hike last week, and said could stick to that for the next two to three meetings and then assess how the economy and inflation are responding before deciding whether further rises are needed. That has led to significan't decline in commodities prices

EU HRC holds stable in wait-and-see market
Wed, 11 May 2022 00:00:00 GMT
The EU hot-rolled coil market remained in a wait-and-see mode May 10 as buyers refrained from restocking and mills saw threats to production on the current price direction. HRC in Northern Europe held stable on the day, assessed at Eur1,170/mt ex-works Ruhr. HRC in Italy was down Eur25 at Eur1,125/mt ex-works Italy. In a

India: Domestic steel outlook firm amid concern of global steel ...
Tue, 10 May 2022 00:00:00 GMT
The Indian steel sector outlook, on the back of strong domestic demand from government and private sectors, is likely to remain firm amid concern of global demand uncertainties in the current fiscal. Tata Steel expects that demand and prices will remain strong as China will no longer be adding 50-60 million tonnes to its capacity annually and that country may not export significantly higher quantities to disrupt steel prices globally. However, India Ratings and Research (Ind-Ra) has

HRC prices inch down in Northern Europe, downtrend to continue
Tue, 10 May 2022 00:00:00 GMT
Domestic prices for hot-rolled coil in Northern Europe declined slightly on limited demand and bearish trend that were likely to persist, market sources said on May 9. Hot-rolled coil in Northern Europe was assessed down Eur5 day on day at Eur1,170/mt ex-works Ruhr. Some buyers have received offers from the regions producers at Eur1,160-1,170/mt

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