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Review of International Steel City a week (11.08-11.14) - International steel market, steel, steel -

By: betty

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International market continued to fall this week. CRU international steel price index was 148.9, up 0.1% last week, down 6% last month, down 18.6% over last year. CRU flat material index for this week, 140.9, last week rose 0.1%; CRU long steel index for 164.9, unchanged from last week. European markets continued to decline, the market price close to cost, not much room to fall. This week the U.S. market continued to decline, while scrap prices, but the mill remained in December and long products Plate Prices stable. Asian markets remain weak this week, China's steel exports to continue to offer up, watching mostly Asian customers. Overall determine the short term, the international market will remain weak in some areas is expected to stabilized.

Europe Remain weak. CRU Price Index in the region this week for the 135.8, up 2.5% last week, down 7.1% last month, down 22.4% over last year.

Flat material, the European flat steel market continues to soften. After two months of adjustment, the Nordic market is gradually stabilizing plate, the current market price of the mainstream of thermal paper for the 380-410 euros / ton, the cold volume is 440-470 euros / ton. Despite the current market demand is very poor, but because China and other overseas resources, quotes up, the Nordic steel import pressure disappeared, confidence, plans to heat the first quarter of volume ex-factory price is raised to 410-430 euros / ton. Local traders said that while stock traders and end users is very low, but does not plan to order, steel's price increase plans difficult to achieve.

Long products, the European long steel market remained weak. Into the winter, further weakening the European construction industry demand, Rebar Market continued to decline, the construction company only purchase small quantities from the hands of traders. European steel mills started the past two months was significantly increased, steel yield substantial growth in the excess supply situation, traders are not going to rebuild inventories, which led to higher steel inventory, capital pressures. In order to reduce inventory, capital return, the European steel mills have cut prices, some steel mills in Germany and even cash prices down to 300 euro / tonne. However, there are close to the cost of the European rebar prices, coupled with the recent scrap export prices began to rebound in late European domestic scrap prices will stabilized steadied help rebar market steadied.

North America Remain weak. CRU in the region this week, the price index for 141.9, down 4.9% last week, down 7.5% last month, down 24.1% over last year.

Flat material, the flat steel market this week, the United States remain weak. Midwest Steel's hot-rolled coils ex-factory price 520 U.S. dollars / short ton, down 10 U.S. dollars / short ton; cold-rolled coils 630 U.S. dollars / short ton, down 10 U.S. dollars / short ton; hot galvanized plate 740 U.S. dollars / short tons. U.S. steel scrap prices in November fell 25 pieces USD / long ton, the corresponding plates shipped in December of scrap surcharge will drop 25 dollars / short ton, Nucor Steel plate base price the company decided to raise USD 25 / short ton, the actual ex-factory price in December remains the same plate. This week the U.S. market price of A36 plate 580 U.S. dollars / short ton, from last week down 30 U.S. dollars / short ton, far less than most steel mills in the prices. Local market participants said that although demand is very weak, but steel price cut is unlikely, because even if price cuts, it is difficult to drive sales growth, improved demand in the next year and the expected increase in costs, the steel is wiser to maintain price stability choice.

Long products, long steel market this week, the United States remain weak. Midwest steel rebar ex-factory price was 520 U.S. dollars / short ton; wire factory price was 570 U.S. dollars / short ton; small section ex-factory price was 700 U.S. dollars / short ton. As steel scrap prices down, in December the long shipping timber of scrap surcharge will drop 25 dollars / short ton, Nucor Steel increases base price of long steel company 25 dollars / short ton, ex-factory prices of long steel in December to keep the actual unchanged. Road, then cover to keep American steel companies also announced that prices of long products steady in December.

Article Source: http://depositarticles.com/

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