Turkey's billet, wire rod prices rise
Because of the increased demand for rebar, Turkey's steel billet price has increased. Turkey's steel billet export price rose to FOB US$265-375/ton. Ukraine's steel billet export price (export to Turkey) reached CFR US$385/ton, up by US$20/ton compared with last two weeks. Last week, Turkey's wire rod prices also enjoyed an increase. The wire rod prices in Turkey, Algeria, Egypt and Dubai hit US$470-480/ton, up by US$20/tons. Turkey's domestic wire rod ex-factory price reached US$450-460/ton, rose by US$10-20/ton in recent two weeks.
Celsa Group to raise steel long product price
The Spanish steel manufacturer, the Celsa Group, has announced that it will raise its steel long product price, including new prices for rebar and steel sections. Since the weakness in global steel demand has continued for quite a long time, steel rebar and billet price has recently risen by about €50/ton (USD66). Because of the rising scrap price in the global steel market, people expect the whole market situation to improve next week. Celsa's price announcement has also had an influence on other European markets; the rebar price had increased €30/ton (USD40) last week and is expected to rise another €30/ton later on. The average price for recent rebar transactions is about €400/ton (USD530)
Japanese H2 scrap average prices up
During the third week of April, the average price of H2 scrap in Japanese Kanto region, middle part and Kansai region was ￥19,477/ton (USD200), up by ￥1,411/ton (USD140) from previous week. The H2 scrap price in Kanto region increased by ￥2,000/ton to ￥21,250/ton (USD213) from previous week, and the price soared ￥900/ton to ￥18,280/ton in the middle region, and meanwhile the price in Kansai region was￥18,900/ton, an increase of ￥1,333/ton compared to the last week.
Because of the increased demand for rebar, Turkey's steel billet price has increased. Turkey's steel billet export price rose to FOB US$265-375/ton. Ukraine's steel billet export price (export to Turkey) reached CFR US$385/ton, up by US$20/ton compared with last two weeks. Last week, Turkey's wire rod prices also enjoyed an increase. The wire rod prices in Turkey, Algeria, Egypt and Dubai hit US$470-480/ton, up by US$20/tons. Turkey's domestic wire rod ex-factory price reached US$450-460/ton, rose by US$10-20/ton in recent two weeks.
Celsa Group to raise steel long product price
The Spanish steel manufacturer, the Celsa Group, has announced that it will raise its steel long product price, including new prices for rebar and steel sections. Since the weakness in global steel demand has continued for quite a long time, steel rebar and billet price has recently risen by about €50/ton (USD66). Because of the rising scrap price in the global steel market, people expect the whole market situation to improve next week. Celsa's price announcement has also had an influence on other European markets; the rebar price had increased €30/ton (USD40) last week and is expected to rise another €30/ton later on. The average price for recent rebar transactions is about €400/ton (USD530)
Japanese H2 scrap average prices up
During the third week of April, the average price of H2 scrap in Japanese Kanto region, middle part and Kansai region was ￥19,477/ton (USD200), up by ￥1,411/ton (USD140) from previous week. The H2 scrap price in Kanto region increased by ￥2,000/ton to ￥21,250/ton (USD213) from previous week, and the price soared ￥900/ton to ￥18,280/ton in the middle region, and meanwhile the price in Kansai region was￥18,900/ton, an increase of ￥1,333/ton compared to the last week.
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