The Middle East Steel Professionals
SMS Group

 25/05/2013

        
 
Home
 News
 Reports
 A-Steel Editorials
 A-Steel Magazine New
 Steel Dictionary
 Contact Us
About AISU
Privacy Policy

 
 
 
News
  <=  Algeria - ArcelorMittal - ArcelorMittal continues talks to increase Algerian capacity       <=  World  - Companies - World Steel sees iron ore surplus growing up to 2017       <=  Russia - Companies - Russian firm plans to build billet & rebar mill by 2015-16       <=  Turkey - Companies - Turkish billet and slab output down in Jan-Feb        <=  Russia - Severstal - Russia's Severstal to expand CR product capacities     

  News Archive
 Thirty Years of Working With Seel
 Demand for pig iron weakens in Europe
 Last Update:     30/01/2012 11:25:40
 Having booked enough material to cover production requirements till February inclusive, European consumers of pig iron refrain from purchasing additional volumes of the material. Though suppliers have managed to raise contract prices by $10-15/t in January, market players are not so optimistic at the moment.
 Ukrainian exporters are reportedly keeping pig iron quotations at the level of the latest deals – $470-480/t C&F Italy ($450-455/t FOB Azov-Black Sea ports), as most large steelmakers intend to start buying the material only in early February, the others – by the end of next month. Thus, consumers expect to make suppliers reduce prices to the acceptable for them level of $460-465/t C&F Italy.
Steelmakers expect prices for pig iron to go down in the short term considering a downturn in domestic scrap quotations in Europe. According to a large consumer, the Ukrainian material has been offered at $465-470/t C&F this week, yet it is too early to talk about a trend reversal until deals at the new prices are closed.
Quotations of Russian pig iron stood still at $480-485/t C&F western ports of EU. Despite demand from European consumers being steadily slack, Russian exporters are not willing to make cuts so far, since they have small amounts of February production available, while the production target and prices for March have not been set yet.
Last week two deals for pig iron were closed at $460-465/t C&F ($445-450/t FOB Azov and Black Sea ports), by $20-25/t down from mid-December offers. The main reason behind the downturn was the decrease in steel scrap quotations in this region. Apparently, prices will keep falling, but the decline will be insignificant as pig iron producers have no urgent need to sell the material.
 Some suppliers are forecast to grant small discounts in early February to attract buyers, while upsurge in demand should be expected only in mid-February, not earlier.

Print
Privacy Policy
 

  Last News
Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price

Saudi Iron and Steel Union
 

More About
Companies
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - New capacity seen capping Russia rebar price
Algeria - Algerian rebar import market sees new trade barriers
Ukraine - Ukraine reduced exports and imports in 2012, usage fell 12%
Turkey - Turkish steel exports down 5.5% on-month in January
India - Indian government sees four-fold capacity jump by 2026
India - Indian steel industry to depend more on rail transport
UAE - UAE slaps 5% import duty on all Turkish rebar from Jan5

  More About
Europe
Demand for pig iron weakens in Europe
EUROFER remains positive on prospects for European steel using industries in 2011
Dramatic rises for S Europe HR coil & plate: The Steel Index
Small steel producers eyeing derivatives to cut risk
Better Times will Come
ArcelorMittal may idle European steel mills
ArcelorMittal: Two-speed recovery persists in Europe

More About
Steel Industry
Algeria - ArcelorMittal continues talks to increase Algerian capacity
World  - World Steel sees iron ore surplus growing up to 2017
Russia - Russian firm plans to build billet & rebar mill by 2015-16
Turkey - Turkish billet and slab output down in Jan-Feb
Russia - Russia's Severstal to expand CR product capacities
CIS - ArcelorMittal expects 4.2% annual growth until 2018 in CIS
Russia - Russia's Severstal to expand CR product capacities
Saudi Arabia - Rajhi Steel mulls new billet plant
Saudi Arabia - Qatar Steel enters DRI supply agreement with Saudi mill
Russia - New capacity seen capping Russia rebar price
 

Sponsors
Joudco Steel Saudi Iron & steel Company (hadeed) Ezz Steel Rajhi Steel egyptian Iron and Steel Company
All Right Reserved 2004 - 25/05/2013