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Raw Material Prices Surge at the Start of Trading
Contrary to the efforts of some journalists, the prices of raw materials and the share prices of European steel manufacturers seem to be resisting these efforts. The prices of European raw materials, especially base metals such as nickel, cop...
📉 6 Steel Mills Cut Prices, Spot Steel Prices Fall Below 3500, Steel Prices Continue to Weaken
📊 Steel Spot and Futures Price Summary
On July 10th, the domestic steel market fell. The Tangshan Qian'an general square billet ex-factory price including tax dropped by 20 to 3260 yuan/ton. In term...
2024 Steel Price Forecast: A Tale of Two Halves
Core Insights
Throughout the year, with the continuous downturn in smelting profits, the elasticity of profits has significantly narrowed, shifting the main factors affecting steel price fluctuations towards raw materials. In the first half of...