Steel Strip

 
Reuters reported that rear prices in the United Arab Emirates have risen at least 12% in the last three weeks as demand from construction contractors has increased and supply has tightened. The report cited a trader as saying that a tonne of rebar fetched around USD 970 this week as compared to [...]

EU AVERAGE STEEL PRICES UP 15/18 PERCENT FOR SHEET PRODUCERS IN MARCH
Flat product prices have been substantially affected by the tremendous raw material cost escalations announced in recent times. Price demands from domestic producers shot up in the last few weeks. ArcelorMittal tabled a further €40 per tonne hike for [...]

For the first time, the government is toying with a proposal to impose export duties on steel in a bid to discourage exports and manage supply-side constraints. Steel - a major input for most industries from auto to construction and equipment - has seen a huge escalation in prices over the last few months, triggering [...]

China on Tuesday froze some iron ore shipments from Australia’s two largest mining groups, Rio Tinto and BHP Billiton, potentially transforming annual price negotiations into a diplomatic, as well as a commercial, dispute.
The move, which hit spot cargos, came as the miners continue to seek large price increases for long-term contracts to Chinese customers.
China is [...]