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

Kallanish Steel Weekly: China returns from holiday but no big splash

Kallanish Steel Weekly: China returns from holiday but no big splash (Oct. 18, 2017)

Sample files

The global steel community saw activity improve again last week as China returned after its Golden Week holiday. The lull seen in the week before last proved once again that the world’s largest steel producer and user continues to define market sentiment, activity and much else for that matter. That said, the European and US markets both remained quiet - and some would say wary – of what China’s re-entry would bring. Seaborne iron ore prices dipped slightly over the seven days as the potential for oversupply of the main raw material under impending Chinese steelmaking restrictions reared its head once again. Scrap market sentiment varied, but only slightly as everyone, including Turkish importers, appeared to wait for the Chinese market to settle. 

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