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SITUATION MARKET IN WORLD STEEL weeks (3-10/7/2009)
posted date: 16/07/2009 08:04 am

I) NORTH AMERICA MARKET

One's total steel factory at Dearborn, Michigan state said Severstal NA factories are using strategies unexpected increases in the price of flat steel rolls for all new orders to U.S. $ 30 U.S. tons; as the factory price of hot rolled steel rolls by Severstal is now U.S. $ 490 per ton U.S. (equivalent to U.S. $ 539/tan), roll of steel is 590 U.S. $ / ton U.S. (equivalent to U.S. $ 649/tan) and steel prices mạ zinc is U.S. $ 610 per ton U.S. (equivalent to U.S. $ 671/tan). Recently, two large steel factories as U.S. Steel and ArcelorMittal are to notify their customers know the price of new factories and steel flat rolled steel rolls for hot demand in 8 / 2009 will fluctuate from U.S. $ 490 to U.S. $ 520/tan America. Besides, steel company Nucor also preparing plans to increase prices if steel prices do not waste a change. The average price of hot rolled steel rolls in the U.S. is U.S. $ 430-450/tan U.S. (equivalent to factory prices in India) and rolls of steel prices is U.S. $ 525/tan America.

According to statistics of the Association of American iron and steel (AISI), on 4/7/2009 last week, crude steel output in 1168 reached U.S. million tons to the capacity is 49.0%, up 7.8% points compared with beginning 5 / 2009 and 0.6% points compared to the previous week. Similarly, on the date 4/7/2009, output of steel products was adjusted down to the 27,686,000 tons capacity is 43.9%, respectively decreased 51.5% from 57,067,000 tons in the same period last year.

II) European market

In Europe, has increased the volume increases steel plate thickness up 40 Euro / ton (equivalent to U.S. $ 55/tan), so, thick sheet steel prices are now at 400-420 Euro / ton (including fees and transfer), higher than 2 weeks ago is 360-380 Euro / ton. At Brescia, northern Italy country, the price of commercial steel, and steel dầm at domestic market increased approximately 130-170 Euro / ton, while steel prices cốt is 105-115 Euro / ton, also increase 5 Euro / tons. Steel price cốt IPN is 170-236 Euro / ton. Price UPN steel pipe is 160-221 Euro / ton steel and dầm IPE, HE is 170-221 Euro / ton. In Italy, the cost of workshops and pre-stressed reinforced by a 340-350 Euro / ton, up 20 Euro / ton, the export price remains the same amount 330 Euro / ton (the FOB terms).

Currently, the factory steel ArcelorMittal increased steel prices flat of 30 Euro per ton and are preparing to raise long steel prices (including steel pictures, round steel, roll steel construction) to 20-30 Euro / ton, plans to increase this will take effect on 8 / 2009 steel prices is a waste of Europe increased 15-25 Euro / ton and embryo export steel from Turkey also increased 40-50 Euro / ton. Similarly, factory Salzgitter steel increased steel prices flat 20 Euro / ton, while ThyssenKrupp steel factory also declared an increase in steel prices flat quarter 3 / 2009, however, the increase is not as many published.

Thanks to the area in the Middle East and East Asia increased strength, steel factories in the CIS continued to increase export price of hot rolled steel rolls, the result is the hot rolled steel rolls of the month 7 / 2009 increased U.S. $ 450 -- 470/tan (FOB), the price of hot steel rolls for the latest requirements in 9 and 10/2009 will raise U.S. $ 520-580/tan (by the CFR), an increase of U.S. $ 80/tan compared with in 7 / 2009. Before the increased price of steel factories Eregli, all the steel factories of Russia and Ukraine also increased the momentum that export steel to Turkey.

III) ASIA MARKET

At the East Asia: the steel market of the world, restore, so the factory steel of Japan has increased export prices of hot roll steel for delivery in the first quarter 3 / 2009 to South Korea is U.S. $ 500 per ton (the FOB terms), an increase of U.S. $ equivalent 100/tan compared with 2 / 2009 (under FOB terms). In addition, the steel factories of Japanese plans to increase export price of steel plate and steel sheet mạ hot zinc embedded in turn is 600/tan U.S. $ and U.S. $ 700/tan (under FOB terms). Similarly, the steel factory in South Korea are also expected to increase export price of steel plate to offset the costs of raw materials increased. Currently, POSCO is bid of hot roll steel in domestic market is KRW680, 000 per ton, equivalent to U.S. $ 544/tan.

Factory largest steel India, Steel Authority (sail) decreased 5% long steel prices, but at the same time they raise prices on flat steel. They inform long steel prices will reduce about Rs1500-2000/tan (equivalent to U.S. $ 31-41/tan), left back, flat steel prices will increase Rs500-700/tan light and adjust this effect from on 1/7/2009. Currently, the price of imported steel of India also increased, in particular imported materials production savage steel rolls (usually hot rolled steel rolls) has increased since the price of U.S. $ 480-485/tan weeks ago up to U.S. $ 530/tan, while the buyers in India only wants an agreement in price from U.S. $ 500/tan back.


Citicom

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