IMMEDIATE ACTION TO UNITE AND ADVANCE BRAVELY
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Mention by robust transactions since July, the nation's leading steelmaker, Baoshan Iron and Steel Co Ltd, raised on Aug 13 the ex-factory price of hot-rolled coils by 150 yuan ($24.5) per metric ton for September delivery, and the price of other major products was marked up by 120 yuan a ton. It's the first time the Shanghai-based steel mill has increased product prices since May. Baosteel, as the company is known, lowered prices for its main products in June and July on soft demand, and kept p
Details>>Billet price continued downward trend during last week in Iran. Price of billet size 150 mm dropped by USD 8 per tonne to USD 714 per tonne on truck in Anzali including 6% VAT and custom duties. Exchange rate was declining in H1 of the week so it affected billet transactions. When ex rate started improving by last days of the week, billet price stopped dropping but demand level did not change.
Details>>As the imports of Chinese made CR steel sheets increase into Korea, followed by a rise in thick plate and HR coil imports, Korean steelmakers are worried over the prospect of being overtaken by Chinese suppliers in all product areas.steel pipe tube
Details>>The Indian Long Product Price Index ILPPI has declined by 3 points, whereas Indian Flat Product price index IFPPI has remained stable. The overall Indian Steel Price Index INDSPI has gone down by 2 point.
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