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…

Market downturn, Turkish billet prices fall

Market downturn, Turkish billet prices fall

LMM Global Steel Information Quick View (2021.11.29) According to understanding, Turkish billet prices continued to decline gradually on November 24, and Kardemir, a major integrated long product producer in Turkey, carried out a new round of price cuts. Yesterday, with the sharp depreciation of the Turkish currency, the overall market sentiment was still mostly negative.…

India's severe power shortage crisis, the northern states have power outages for 14 hours a day, and the recovery of the manufacturing industry is hindered!

India’s severe power shortage crisis, the northern states have power outages for 14 hours a day, and the recovery of the manufacturing industry is hindered!

India’s severe power shortage crisis, the northern states have power outages for 14 hours a day, and the recovery of the manufacturing industry is hindered! After India experienced the second wave of the new crown epidemic, the economy gradually recovered, and the demand for electricity has also increased substantially. The wind of the energy crisis…