Why is the surface of the continuous casting billet sometimes convex?
This article briefly explains how to improve the quality of the slab? and process measures. read more
The amount of steel passing through the copper mould tube of the mold is greatly increased
From the two aspects of standard operation and improvement of maintenance quality, the utilization rate of equipment in the continuous casting workshop is increased, the amount of steel passing through the copper tube of the mold is greatly increased, the consumption is reduced, and the output is increased. read more
Vietnamese HRC buyers shun high-priced imports
Vietnamese hot rolled coil importers were not receptive to sharply hiked offers from overseas suppliers last week, Suppliers raised HRC offer prices by large margins in tandem with firming global markets. A popular Chinese mill is offering SAE 1006 2-2.5mm thickness HRC at $860/tonne cfr Ho Chi Minh City for shipment by end-April. Some…
CIS slab prices rise
Although CIS merchant slab trade remains low, sales to southern Europe and Turkey in the past week have lifted prices yet again, with new offers expected at even higher levels, market participants tell Kallanish. Russian slab was sold to Turkey at $710/tonne cfr, netting back to around $680/t fob Black Sea, while a sale…
Hoa Phat exports 35,000 tonnes of HRC to Italy
Vietnam’s leading steelmaker, Hoa Phat Group, will export hot rolled coil to Italy in mid-February, after signing the contract earlier this month The 35,000-tonne HRC export deal was signed by Hoa Phat Dung Quat Steel Joint Stock Company, marking its first sales of HRC to Europe. According to Tran Ngoc An, a sales department…
Black Sea billet market rises slowly but steadily
The CIS billet export market remained tight over the past week, with trade still mainly focussed on Egypt, Kallanish notes. Prices continued to rise, with some participants saying they may be peaking, unless post-Lunar New Year demand in Asia gives a second wind to the Black Sea billet market’s recovery. Egypt continued to book…
India raises HRC export offers by another $40
Owing to overbooking for March shipments, coupled with a feedstock cost-push and positive sentiment for steel in the global market, Indian mills have hiked hot rolled coil offers this week. Quotes have surged $40/tonne on-week to $870-880/t fob India. This now means prices have soared around $150/t since the beginning of last month. “Chinese…
Chinese HRC at lowest price in rising Vietnam market
The Vietnamese hot rolled coil import market has reopened this week with much-anticipated price hikes from overseas suppliers. Chinese HRC offers are now competitive, Kallanish notes. Although Chinese suppliers have hiked export offers, their quotes are lagging behind other Asian HRC mills who have achieved much higher export prices in tight overseas markets. …
Japanese scrap domestic and export prices rise
In Wednesday’s tender, the Kanto Tetsugen Cooperative Association awarded two 5,000-tonne parcels to Daisen Sangyo Corp at JPY 55,850/tonne ($483/t) and JPY 55,840/t. These prices are for H2 grade and fas basis. The average award price of JPY 55,845/t fas or around JPY 56,845/t ($493/t) fob was JPY 4,862/t higher than last month’s tender. The…
India’s imported scrap prices stop rising, uncertainties ahead
Indian scrap buyers halted import bookings on Thursday owing to a drop in semi-finished steel and iron ore prices in the domestic market. This follows aggressive bookings by Indian buyers earlier this week, which led to a rise in imported scrap prices by $5/tonne. Price direction is now uncertain and will depend on how sentiment…