The hottest international steel market continues t

2022-08-20
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The international steel market continued to adjust its situation

in the first half of July, the international steel market first suppressed and then rose. In the middle of the month, the global steel benchmark price index at 123.7 points rose 0.3% on week (from decline to rise). Among them, the flat material index was 116.4 points, up 0.1% week on week (from down to up); The long timber index was 131.8 points, up 0.6% on week (from down to up); Due to the good experimental inspection conditions of hydraulic and air-conditioning accessories in this room, Asia disassembled and inspected them. It was found that the plunger was seriously rusted, the inner surface of the slide valve sleeve was corroded and rusty spots were generated, forming a damping index of 125.7%, and the circumferential ratio fell by 0.1% (the decline converged). The China Index in Asia was 128.5 points, flat on week (MOM) (from down to flat); The Americas index was 143.3 points, down 0.2% on week (from up to down); The European index was 107.3 points, up 1.4% week on week (MOM). Based on the market operation situation and the prediction of fundamentals, the international steel market may continue to fluctuate and rise in the second half of July

POSCO has been the "most competitive steel enterprise in the world" for a long time. On June 26, world steel dynamics (WSD) released the annual list of "the most competitive steel enterprises in the world" at the 33rd global steel survival strategy conference. POSCO of South Korea ranked first with 8.37 points (out of 10 points), which is the ninth consecutive time POSCO has won this honor since 2010

Asian steel market: mixed. The benchmark steel price index of 125.7 points in the region fell by 0.1% on a weekly basis (the decline converged), fell by 2.9% on a monthly basis (the decline expanded), and increased by 22.7% year-on-year

in terms of flat materials: the market price fluctuated. In South Korea, as soon as July entered, Korean cold-rolled sheet product manufacturers announced price increases one after another. Among them, Eastern steel has already set a new price tag, and other companies such as Dongguo steel and Shiya group have also increased prices in coordination. According to insiders, Eastern steel has issued a notice to increase the price of all cold-rolled flat products by 40000 won/ton from July 16. Dongguo steel and Shiya group announced that the price of their cold-rolled flat products would rise by 50000 won/ton respectively. The appearance and service performance of cold-rolled sheet products can be unaffected. The manufacturers said that because they will continue to bear the burden of increasing production costs in the middle of the year, they had to overcome the current difficulties by raising prices. Some people expect that although the shipment price of cold-rolled flat products in South Korea has been confirmed to be increased in July, it is still difficult to make up for the losses of some manufacturers, so additional price increases may be unavoidable. However, some relevant people believe that the continued weakening of steel demand in South Korea's domestic market, coupled with consumer resistance to price increases, may hinder the substantial rise in prices, but a certain increase should be affirmed. Therefore, Korean cold-rolled sheet product manufacturers may eventually have to raise processing fees or expand exports as an alternative to price increases. In Japan, the Tokyo market, hot coil 732 dollars/ton, cold coil 805 dollars/ton, plate 750 dollars/ton, all fell $per ton before. At the same time, the export price of hot coil was quoted at 630 US dollars per ton (FOB), cold coil at 730 US dollars per ton (FOB), galvanized sheet at 810 US dollars per ton, and medium and heavy plate at 680 US dollars per ton (FOB), all of which were roughly flat before. In the United Arab Emirates and Saudi Arabia, the import price of flat materials has fallen slightly since July. As of July 10, the CFR import price of hot rolling in the United Arab Emirates was $per ton, down $per ton from the previous year. Among them, the CFR CIF quotation of hot rolling in China is $630/ton, and the CFR quotation of hot rolling in India is $630/ton; CFR quotation for cold rolling in China is 680 US dollars/ton, and CFR quotation for hard rolling is US dollars/ton. Some market participants said that although prices have risen, the range is not large, only in the US dollar/ton range. However, the CFR import reference price of hot-dip galvanized coil increased significantly, from the previous US dollar/ton to the current US dollar/ton. It is reported that India sold 4000 tons of 1mm hot-dip galvanized coils to the United Arab Emirates at the CFR price of USD/ton. Insiders said that the current large price difference between China and India is mainly because India's hot-dip galvanized roll has been officially certified by the United Arab Emirates. In Saudi Arabia, the Indian CFR reference price of imported hot rolling remained unchanged at USD/ton. The CFR quotation of Indian hot rolling exported to Saudi Arabia is about USD/ton, and the price is slightly loose. At the beginning of July, the average export price of SS400 mm hot-rolled coil in China was $600/ton (FOB), and the average export price of SPCC 1.0mm cold-rolled coil was $640/ton, which was roughly the same as that at the end of last month. Dx51d+z 1.0mm galvanized coil exports 690 dollars/ton/ton (FOB), down 10 dollars/ton/ton compared with the end of last month. In the same period, the import price of hot coils in Southeast Asia was US $610/ton (CFR), down US $5/ton from the previous period. In Vietnam, on July 10, the Vietnam hefejie and pelletizing project undertaken by China 19th Metallurgical Group Co., Ltd. held a commencement ceremony. The project is located in the banyan orange Economic Zone in the province of generalized Vietnam, and is a comprehensive large-scale steel base invested by Vietnam Hefa group. China 19th metallurgical group undertook two system projects: 2*360 square meters sintering and 1.8 million tons pellet. Among them, the engineering quantity of equipment is 28000 tons, steel structure is 4500 tons, pipeline is 4500 tons, cable is 1100 kilometers, and the construction period is 335 days

in terms of long materials: market prices fluctuate. In Singapore, due to the insufficient demand of downstream end users, the import price of deformed steel bars in Singapore is the earliest for Jinan to produce experimental machines, and it is best to continue to decline. However, most local buyers are still willing to stay on the sidelines and do not want to place orders. Some Singapore steel mills said that due to the recent price fluctuation and adjustment in the Chinese market, it may not be the time for Singapore buyers to take delivery of the goods. Recently, the bargaining scope of the rebar import market has also declined. The buyer's CFR Singapore bargaining offer is mostly in US dollars/ton, while the previous bargaining range is US $560/ton. The FOB Chinese port offer of the mainstream Chinese steel mills is in US dollars/ton, equivalent to the CFR Singapore offer of US dollars/ton. However, the CFR Singapore offer of rebar resources from India and Turkey remained high at USD/ton. Some market participants said. Recently, no rebar resources (including futures and inventory resources) from other countries have appeared in the market, so the price is relatively strong. However, due to the uncertainty of the economic trend in the coming weeks, foreign steel mills and international traders intend to reduce their quotations. It is reported that this sentiment has been further strengthened after the recent continuous depreciation of the RMB. In addition, after falling back to $550/ton on July 6, the current FOB export reference price of China's rebar remains at that price. At the beginning of July, the CFR reference price of rebar imports in Southeast Asia (which mainly tracks the price of rebar imported into Singapore based on physical weight) was reported at USD/ton, significantly lower than the previous USD/ton. In the same period, the CFR reference price of wire rod import in Southeast Asia (which mainly tracks the price of low-carbon wire rod exported from China to the Philippines and Vietnam) was reported at USD/ton, which was also adjusted from the previous USD/ton quotation

In terms of trade relations: (1) on July 6, the Ministry of industry and trade of Vietnam recently issued decision No. 2398/qd-bct, imposing anti-dumping duties on stainless steel products imported from Chinese Mainland, Malaysia, Indonesia and Taiwan. The implementation period of the new anti-dumping tax rate is from July 20, 2018 to October 6, 2019. Among them, the tax rate for stainless steel manufacturers in Chinese Mainland is 25.35%, but the tax rate of Shanxi TISCO is 17.47%

brief survey: Based on the fundamentals of the Asian market, it is predicted that the Asian steel market may continue to rise and fall in July

European steel market: surging. The benchmark steel price index of 107.3 in the region increased by 1.4% on a weekly basis (the increase expanded), 1.7% on a monthly basis (from decline to rise), and 23.9% year-on-year

flat materials: the market price continues to rise. In some regions of the European Union, the ex factory price of hot rolled coil is 655 US dollars/ton, an increase of 5 US dollars/ton compared with the end of last month. Cold rolled coil was 745 dollars/ton, up 15 dollars/ton. The import price of hot rolled coil in EU is 645 US dollars/ton (CFR), up 15 US dollars/ton from the previous year. The import price of cold rolled coils was 730 US dollars/ton (CFR), up 12 US dollars/ton. Galvanized steel coil is 759 US dollars/ton, and medium and heavy plate is 678 US dollars/ton. The import in early July is roughly the same as before. In Italy, with the recovery of import prices, Italian steel mills have raised the ex factory quotation of hot rolled coils to EUR/ton (USD/ton/ton). Some steel traders said that although the market was cold, it was difficult to find an offer for hot-rolled coils lower than euro/ton CIF. In Germany, the price of hot-dip galvanizing rose by 20 euros/ton (US $23/ton/ton). Some analysts said that we expect another rise of euros/ton by the end of the year. More insiders said that the driving force for the rise came from the efforts of the European Union in establishing safeguard measures, which was "very certain". Coupled with strong demand and a lack of imports from Asia, steel mills began to try to raise prices. In fact, the price increase has begun from June to July, but has not been generally realized. The long-term contract price is still around 680 euros, but now the steel mills believe that the price is about to rise, because the delivery time of hot-dip galvanizing is extended, and the production has been arranged to the beginning of December

in terms of long materials: market prices continue to rise. In the European Union, the ex factory price of deformed steel bars is 620 US dollars/ton/ton, an increase of 30 US dollars/ton/ton compared with the end of last month. The import price of deformed steel bar is 595 dollars/ton (CFR), up 10 dollars/ton from the previous year. In Poland, the transaction price of rebar is basically stable, although its domestic steel mills intend to increase the price. However, the market price almost maintained the original price. As of July 13, the weekly ex factory reference price of 12mm b500b deformed steel bar in Poland remained unchanged at zloty per ton (US dollars). Insiders said that although some steel mills tried to increase the ex factory price of their rebar to zloty per ton, there was no deal after the price increase. Polish traders revealed that the price increase target of some steel mills is to raise the price of euros (US dollars) per ton. He also said that no one would be willing to spend more money on rebar at this time until the EU made a final decision on the import safeguards. In terms of square billet. At the beginning of July, the quotation of CIS steel mills was $510/ton (FOB Black Sea), down $5/ton from the previous one

trade relations: (1) on July 5, the European Commission Subcommittee on trade defense measures held a meeting to discuss the temporary defense measures to be taken against European imported steel. It is reported that the temporary defense measures may be implemented from July, which will include a 25% tariff on all imported steel on the basis of quotas; (2) The Eurasian Economic Commission decided to launch an anti-dumping investigation on galvanized sheets imported from China and Ukraine at the application of Magnitogorsk steel plant, nipetsky steel company and Northern Steel Company in Russia. The survey objects are hot-dip galvanized cold and hot-rolled plates and coils with aluminum zinc coating. The Eurasian Economic Commission also said that in 2017, galvanized sheets from China and Ukraine were exported to Eurasian Economic Union countries at dumping prices, of which the dumping margin of Chinese producers was 16.4% and that of Ukrainian producers was 25.6%

brief survey: according to the operation situation and the basic situation, the European steel market may continue to rise and fall in the near future

American steel market: sustained strength. The benchmark steel price index of 143.3 in the region fell 0.2% week on week (from up to down), rose 3.8% month on month (convergence), and rose 26.1% year-on-year

flat materials: the market price is stable and rising. In the United States, the ex factory price of hot-rolled coils in mainstream steel mills was $1010/ton, up $10/ton from the previous year. Cold rolled sheet coiling out

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