Pakistani customers achieve lower HRC import price in fresh bookings
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A sizable volume of imported billet has been traded to China this week after the price decline seen since late December.
Turkish producer Kardemir opened its local billet sales and closed them after a couple of hours, today, January 6.
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Indian hot dip galvanized (HDG) coil exporters have cut their prices to take an aggressive position.
2021 was a positive year for the Asian steel market with steelmakers’ profits on the rise and prices fluctuating at much higher levels.
Despite the pandemic, economic difficulties, sky-high freight rates and higher costs, Turkish longs producers strengthened their positions in 2021.
While the positive sentiment in Turkey’s import scrap market continues, an ex-US scrap deal has been disclosed.
Turkish suppliers are following diverse trends in their wire rod pricing this week.
In the first week of the New Year, import scrap activity in Pakistan has remained mainly muted.