Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.
Latest prices

Latest news

Home Reports Weekly Steel

Global price rally continues, demand outlook improves

Global price rally continues, demand outlook improves (Aug. 1, 2017)

Sample files

The rally in global steel prices continued last week, supported by scrap levels approaching a new record level and iron prices stabilising at above $68/tonne cfr Qingdao.

As an indicator as we head into August, HRC exported from the CIS is currently at its highest level of the year, at $500/t fob Black Sea. Chinese HRC export levels meanwhile are some $25/t above the prices registered in July 2016.

While the market is enjoying the pricing momentum, ArcelorMittal, the largest steelmaker in the world, also noted that global demand has performed better than expected during the first part of this year. As a result the company has increased its outlook for apparent steel demand in 2017. 

Latest prices

+/-
HRC / China FOB USD/t -1.0%
Rebar in Coil / Shanghai FOT CNY/t -3.0%
Rebar / China FOT Warehouse CNY/t -2.0%
Cold Rolled Sheet / China FOT Warehouse CNY/t -1.0%
Rebar / Turkey FOB USD/t -0.0%
HDG / N Europe Ex-Works EUR/t 1.0%
HRC / Vietnam CFR USD/t -2.0%
CRC / N Europe Ex-Works EUR/t -1.0%
More Ferrous prices

More Global Prices

+/-
E40 Shredded Scrap / Spain Delivered Basis EUR/t 0.0%
Angle Bar / Turkey FOB USD/t -1.0%
Wire Rod / Turkey FOB USD/t -1.0%
E8 Light New Scrap / Spain Delivered Basis EUR/t 0.0%
Rebar / N Europe Ex-Works EUR/t -2.0%
Shredded Scrap / Turkey / CFR USD/t -1.0%
HDG / China FOT CNY/t -0.0%
HRC / China FOT Warehouse CNY/t -2.0%
HRC / Spain Ex-Works EUR/t -4.0%
E3 Demolition Scrap / Spain Delivered Basis EUR/t 0.0%
Billet / Tangshan Ex-Works CNY/t -1.0%
KORE 62% Fe / Qingdao CFR USD/t -3.23%
More Ferrous prices