MMH METAL

13/09/2022

Global View on Billet: Market sluggish except for emerging demand in Europe due to high energy costs

The conditions in the global market have still been unfavorable this week, which led to declines in export prices from such large exporters like Russia and Iran after their increase attempts last week failed to gain traction without demand support. However, emerging billet demand from Europe due to the closure of a number of mills after energy cost hikes have been positive for a number of sellers from Asia and Turkey. As a result, this week the price trends in the different markets have been in opposite directions.

ASEAN region-based billet producers have been targeting sales to distant markets, seeing slow demand in their regional market and the decline in supply observed in Europe and Turkey due to sharp increases in costs. An aggregate sale of 30,000 mt of billet by the main BOF-based producer in Indonesia to Europe was done at around $515-520/mt FOB. The sales destinations are Germany and Poland. Also, another deal for at least 20,000 mt of ex-Indonesia billet was signed to Spain…

Some of the other market information you will find in the article:

· Turkish mills have begun billet exports, supported by the demand coming from the EU and are competing there with Asian suppliers…

· The increased demand for billet in Europe has also supported Turkish mills, which were offering a minimum $650/mt CFR EU starting from the end of last week…

· At the same time, billet suppliers to the Turkish market, particularly those from Russia, have found themselves once again under pressure, following a short period of higher indicative offers…

· Following a long-lasting pause, a new import billet deal has been reported to the Philippines at prices slightly higher compared to the levels seen in late August...

· Though ASEAN region-based mills have been trying to push import in the region after signing deals to Europe, Africa and Turkey, in the Asian region demand has remained limited...

· An Iranian steel mill, Chadormalu Mining and Industrial Company, is reported to have cancelled an export tender for 30,000 mt of steel billet, which was floated in late August, due to lower bids…

· Prices for local billet in China have declined even further early this week due to slack demand and negative factors which have dampened the outlook for the near future…

06/07/2022

HRC import activity slows in Vietnam, prices fall further

Vietnamese customers have been showing very limited interest in imports over the past week and bids have fallen further. Negative expectations, lower finished steel consumption and sluggish export orders have been behind the trend.

Accordingly, the prices available for ex-China position SAE1006 HRC have been as low as $670-680/mt CFR Vietnam, compared to $705-715/mt CFR last week. Besides, offers for ex-China SS400 HRC have been reported at $650-660/mt CFR Vietnam, down by $25-30/mt over the past week, while customers’ bids have already been voiced at $630-635/mt CFR. “We heard there were a few bookings at around $640/mt CFR this week, but most buyers expect to buy at lower prices,” a Vietnam-based trader told

27/04/2022

slabs China’s buyer

China buys huge ex-Russia slab volumes at discounts, more drops expected

China has become the leading importer from Russia lately with huge volumes purchased over the past two weeks at discounts. Prices in recently disclosed deals have been lower than in a contract already reported last week and more than $150/mt cheaper than the lowest offers of Asian origin slabs. Due to the sanctions imposed on Russian by the Western world due to Russia's war on Ukraine, a lot of the traditional buyers of Russian slabs have decided to suspend imports. But Chinese traders seem to be interested in purchases (for sales inside the country or even for further re-export), but the price they pay has to be much lower than for alternative billets of “clean” origins.

As reported, around 10 days ago Russia’s Baltic region-based sold a 30,000 mt lot of slabs to China at $700/mt CFR. The deal was followed by a relatively fresh booking by another Russian mill, , for around 40,000 mt at a price around $690/mt CFR. Recently, , which normally exports from the Black Sea region, has sold four slab cargoes again to China at additional discounts - down to $685-690/mt CFR, sources say.

27/04/2022

# Slabs prices reports source says
China buys huge ex-Russia slab volumes at discounts, more drops expected

China has become the leading importer from Russia lately with huge volumes purchased over the past two weeks at discounts. Prices in recently disclosed deals have been lower than in a contract already reported last week and more than $150/mt cheaper than the lowest offers of Asian origin slabs. Due to the sanctions imposed on Russian by the Western world due to Russia's war on Ukraine, a lot of the traditional buyers of Russian slabs have decided to suspend imports. But Chinese traders seem to be interested in purchases (for sales inside the country or even for further re-export), but the price they pay has to be much lower than for alternative billets of “clean” origins.

As reported, around 10 days ago Russia’s Baltic region-based sold a 30,000 mt lot of slabs to China at $700/mt CFR. The deal was followed by a relatively fresh booking by another Russian mill, , for around 40,000 mt at a price around $690/mt CFR. Recently, , which normally exports from the Black Sea region, has sold four slab cargoes again to China at additional discounts - down to $685-690/mt CFR, sources say.

23/04/2022

Globally steel prices update, ⬇️

13/03/2022

ArcelorMittal raises its coil offers by €150/mt in Europe

Global producer ArcelorMittal has increased its offers significantly across Europe on March 10, confirming the rumors circulating in the previous few days. According to sources, the company’s offers are up €150/mt, from €1,150/mt announced on March 1, to €1,300/mt. At the same time, the producer's offers for and are at €1,400/mt and €1,450/mt respectively, also up €150/mt. As reported previously, offers are lacking both from domestic producers and foreign suppliers against the backdrop of surging energy prices and the lack of supplies of raw materials, semis and finished steels from the CIS region after Russia's invasion of Ukraine.

09/03/2022

Scrap & HRC Eu origin updates.

08/03/2022

Rebar bars Chinese origin, melting scrap in Turkey & zinc in china increased.

07/03/2022

07/03/2022

Our latest shipment from Europe to Iskenderun port was delivered to customer.

05/03/2022

HRC in european union has reached 925$.

04/03/2022

Steel Rebar & melting scrap increased in Turkey.