In the past two weeks, domestic scrap steel prices rose first and then fell. Merchants were more cautious in their operations, base inventories remained low, and the arrival and consumption of steel companies decreased to varying degrees. Compared with the previous period, the average purchase price of scrap steel by key steel companies was 4…
Last week, domestic scrap steel prices rose steadily, merchants were eager for price increases, shipments slowed down, steel companies’ arrivals decreased, and inventories fell slightly.Compared with the previous week, the average purchase price of scrap steel by key steel companies was 7 yuan/ton higher for heavy scrap steel, 4 yuan/ton higher for medium scrap steel,…
According to the latest statistics from the World Steel Association (WSA), in 2024, global crude steel production will reach 1.8826 billion tons, a year-on-year decrease of 0.8%. On January 24, the World Steel Association released global crude steel production data for December 2024. In December 2024, the crude steel production of 71 countries and regions…
On April 25, the Stainless Steel Branch of the China Iron and Steel Association announced the statistical data of China’s crude stainless steel production, import and export volume, and apparent consumption in the first quarter of 2025. In the first quarter, China’s crude stainless steel production increased by 6.64% to 9.6242 million tons. Specifically, in…
Since April, under the influence of international tariff disputes, the overall trend of the domestic construction steel market has been complex and changeable. Although the fundamentals have continued the continuous improvement pattern in March, the spot market has fluctuated and operated weakly under the influence of various factors. Against this background, how will the price…
After the Spring Festival, steel prices fluctuated and the price center of gravity continued to move downward. Downstream demand recovered slowly, and the US tariff “stick” in early April brought a negative impact on the global economy. The outlook for steel prices is not optimistic. According to the data from the National Bureau of Statistics,…
On April 15, US President Trump signed an executive order to investigate the national security risks posed by the United States’ reliance on imported processing of key minerals and their derivatives. The executive order specifically emphasized: “Chinese goods exported to the United States face tariffs of up to 245%. The tariff war is intensifying. Looking…
In the week of April 7-11, the domestic steel price index fell month-on-month. The long product price index and plate price index both fell, and the decline was the same. In the week, the China Steel Price Index (CSPI) was 92.72 points, down 1.81 points from the previous week, a decrease of 1.92%; down 2.14…
In recent days, the United States’ reckless wielding of the “tariff stick” has caused dramatic fluctuations in the world, casting a shadow over the prospects for the world economic recovery. In the short term, the prices of goods exported to the United States by various countries will rise, and the domestic consumption costs in the…
The Malaysian Star recently reported that the Malaysian Ministry of Investment, Trade and Industry (MITI) has obtained the approval of the Malaysian National Investment Commission (NIC) to extend the two-year steel investment moratorium, which will expire in August this year and will be implemented from August 15, 2023 in response to the rapid expansion of…