Although, 3 months ago and hong kong-listed international is still relatively flat. The weather warms up, but there are already signs that demand increasing, ore price near bottom, currency is wide, and many other positive factors are accumulated. Therefore believe that the international steel market or early in the second quarter wave more rallies.
Moody’s saw the Asian steel industry outlook: moody’s investors service said recently that a slowdown in demand for China’s steel industry, the Asian steel mills operating challenges will be even more severe in 2015. If sustained downturn pattern, moody’s may be the Asian steel industry outlook changed from stable to negative.
Steel market in Asia: the influence of scrap steel prices and demand are inferior, 3 months and a half months of Asia’s hong kong-listed recovery process is slow, the whole market is still in sideways.
Flat material aspects: market price swings. 3 months and a half months, as Asian nations of the lunar New Year holiday has ended, the steel trade merchants gradually return to the market. But as the market is slow recovery, plus holiday mood adjustment it will take time, so hong kong-listed Asia remains was rather slow at the moment. But there are already signs that steel prices stabilised consolidation trend has been gradually clear, most steel trade business for the second quarter market expectation. In early march, China’s steel mills hot plate export quotations from the back slightly before 5 dollars/tons, but high-end plate prices continue to strong. The news that the orientation and non oriented silicon steel has a gain of $80 – $100 / ton. In India, plate prices continue to fall. There is a market analysts said that while the government budget for the fiscal year 2015 for highways, railways and ports and other infrastructure projects and real estate development between urban and rural areas to provide financial support of 700 billion rupees ($11.4 billion), but these projects for the promotion of steel demand to the fourth quarter this year at the earliest to emerge. Therefore, recently India steel market demand does not improve, steel mills and traders will remain under pressure. At present, the steel mills continue to reduce the price, to stimulate the market demand goods volume ex-factory price of 3.2 3 mm – 33000 rupees per ton (517-533 dollars/ton), a decline in February 800-1500 rupees per ton, cold roll ex-factory price is $710 / ton, from the previous month. Mumbai steel traders said most buyers wait, they are waiting for the government’s latest budget proposal. It is estimated that if the government’s proposal to raise import tariffs on approval, the local steel mills will likely be adjusted steel prices. In Korea, the iron and steel association has held a corporate meeting of all members in the association in 2015. Meeting decided to set up the unfair trade in iron and steel association in new countermeasure committee, to deal with more and more do not conform to the standard of imported resources. In Taiwan, China steel company has released four to five months of steel pricing policy, steel prices by 900-1000 nt dollars/ton, down the price of shipbuilding plate nt $900 / ton. However, sinosteel 2 quarter of the world steel market demand is expected to be warmed up, combined with the current steel prices have been close to the cost of steel wire, if the raw material such as iron ore prices are steady, the price is likely to rebound ShiGang.
Long material aspects: market price stability in the fall. In South Korea, a modern iron and steel to maintain h-beam in March the price remains the same. Among them, the small h-beam in 81-820000 won per ton (736-745 dollars/ton). The personage inside course of study says, in general, construction began in March South Korea started to recover, steel demand will recover gradually, modern iron and steel has also consider raising the profile offer in March. , however, the influence of scrap steel prices, price increases are difficult to domestic buyers, combined with the winter market inventory is higher, especially the impact of the cheap imports resources, therefore the modern steel decided to continue to maintain price stability, such as the actual demand for environmental improvement to consider raising prices again. In Japan, the steel market is still weak. Currently on the market, Tokyo large size SS400H steel price is 7.8-79000 yen/ton (652-660 dollars/ton), 7.6 78000 yen per ton, and Osaka market respectively from February fell 2000 yen/ton and 1000 yen per ton. In Taiwan, China, influenced by international scrap price weakness, Taiwan toyooki cut rebar steel price of nt $300 / ton (us $10 / ton). After reduction, 13 mm rebar ex-factory price of 14700 new Taiwan dollars/ton (us $468 / ton). Taiwan Ye xing steel company cut carbon wire listing price in March. Among them, the aluminum calm wire and trimming wire listing price cut nt $1000 / ton. In march, China’s long products market similar to plate volume market, export quotations from the back slightly before 5 dollars/tons, late for export markets, the industry generally cautious. Market analysts said, the first two months of this year, China exported 18.08 million tons of steel, surged 56.4% over the previous year, this is one of the reasons for the slow recovery in the market.
Trade relations: (1) on March 4, Australia’s anti-dumping committee, according to the announcement will be released to weld tube antidumping midterm review from the People’s Republic of China, important facts of the report by the time to May 3, 2015; (2) on March 6, Australia for originating in China, Indonesia, Japan and South Korea of hot rolled steel plate to make final anti-dumping and countervailing duty free survey: not exempt according to the American association of materials and experimental A516GR70 standard thickness equal to or more than 100 mm hot rolled steel plate of anti-dumping and countervailing measures.
Profile: according to the running situation combining fundamentals prediction, Asia’s hong kong-listed or gradually stabilising rebounded in late march.
The European steel market: the rouble stabilizing recovery, scrap steel prices, and increase import resources, the steel market continues to go up drop to each other now in Europe.
Flat material aspects: market prices basically stable. In north-western Europe, flat material prices basically stable. At present, the main steel mill of hot roll have been ex-factory price is still 410-415 euros/ton, cold roll ex-factory price largely kept in 480-490 euros/ton, basic no change. In Russia, the rouble stabilize rebound effect, the recent Russian steel product international competitiveness weakened, steel mills can’t continue to raise prices. March at present, the production of 2 mm hot rolled without tax price at 2.62-26400 rubles/ton (us $438 – $442 / ton), 4 mm hot rolled tax price at 2.57-25800 rubles/ton (us $430 – $432 / ton). Although the rouble quotation from the previous month back slightly, but its dollar offer a rise of $10 / ton or so in the last month, at the same time, the export price (FOB) higher than about $40 per ton. Market analysts expect, future market movements or remained steady, and as the weather gets warmer, the market situation in the second quarter may be cautious. In Turkey, with imports of scrap steel prices relatively stable and the market demand to modestly, Turkey, the situation of the domestic hot coil prices eased, the hot roll offer roughly steady at $440 – $460 / ton. In addition, because the market competition is intense, Turkey thermal volume fell twenty dollars/tons, in the $400 – $420 / ton (FOB).
Long material aspects: market prices were mixed. Due to iron ore and scrap steel prices, combined with the weak international market demand, make long products prices slightly weaker in early march. At present, h-beam ex Europe for 520-540 euros/ton, rebar delivery price for 420-430 euros/ton, about falling month on 5-10 euros/ton. Steel trading business, said if the late scrap steel prices continue to fall, long products prices is still possible to continue to weaken. But with the advent of peak season demand, steel prices continue to fall the space is very limited. In Russia, some steel mills to protect steel prices, has slightly reduced the rebar production. At present, the 12 mm rebar delivery price of 2.92-2.93 / ton (us $478 – $479 / ton), 14 mm rebar delivery price of 2.88-2.89 / ton (us $471 – $473 / ton). Because the rouble rise, the price of steel jump from dollar-denominated 6 dollars/tons, it also makes rebar domestic quotation with billet export price spreads continued to expand. In Turkey, affected by the scrap steel prices rising, the Turkish rebar export price also rose $5 – $10 / ton. At present, the Turkish rebar export price is us $450 / ton (FOB, actual weight), a rise of $10 / ton in the last month. Wire and rod export price still is $470 / ton and 470 dollars/tons, basically the same as before.
Trade relations: (1) on February 28th, the economy and public finance trade of foreign trade, deputy secretary of the secretariat of state secretariat notes the Chinese embassy in Argentina counsellor’s business, and notice the Arab side on China’s pipeline accessories anti-dumping review investigation phase is over, in the case of enterprise can consult the survey file; (2) the European commission officials said, the European Union will be in later this month for cold rolled stainless steel plate imports from China and Taiwan to impose anti-dumping duties. Committee plans to imports from China and Taiwan tariffs on steel about 25% and 25%, respectively; (2) the steel association issued a safety warning, said medium thickness plate and steel imports from China of boron content is more than 0.0008%, or chromium content is more than 0.3% or more than 0.55% of copper, is not in conformity with the European standard, currently under investigation.
Profile: according to the running situation combined with the fundamentals, is expected to recently Europe hong kong-listed will hasten gains in stability.
America’s steel market: based on the hong kong-listed remains weak, relevant government departments or will take trade protection measures. Brazil’s hong kong-listed generally stable, steel prices are still firm.
Flat material aspects: market prices basically stable. In the United States, after a period of dip, the majority of buyers to bid has been close to the bottom of the view began to increase, mentality, tend to be cautiously optimistic. The news that the recent steel inquiries are gradually increasing, sentiment began to gather, the late steel prices stabilised picks up should be a big probability event. At present, hot rolled and cold rolled steel mills of the American Midwest ex-factory price respectively is 490-500 dollars/ton and 630-650 dollars/ton, and last month. Notable is, sources say, due to weak steel market in the United States, the United States government may cold rolled and hot galvanized sheet of China resources take trade protection measures, to ensure that the interests of the domestic steel mills. In Brazil, after the steel mills to raise prices, march plate prices basically stable. At present, the hot roll ex-factory price is still the real / 1900-1900 ton (us $706 – $733 / ton), cold (2250-2310 reais/ton (us $1112 – $1140 / ton), hot galvanized sheet r/t 2550-2630 (us $1260 – $1300 / ton). In addition, Brazil’s flat bar association officials said recently, due to the Brazilian GDP decline and reduce capital investment, to predict the recent steel consumption does not increase, the basic flat with last year.
Long material aspects: market prices continue to fall. In the United States, as the market is sluggish, steel mills and traders continue to cut small profiles offer 40-50 dollars/ton, 693 – $703 / ton, at the same time there is a discount of 20-30 dollars/ton. Market analysts said, the beginning of may to the port of Turkey resource was quoted at $600 / ton (CIF), but given the resource price and delivery time both at home and abroad, import the attraction of resources are declining, the hong kong-listed or late will gradually improve.