International steel market domestic steel prices continue to rise or lead - China Dual Plate Wafer
Off the steel market continues to rise. As steel scrap prices Iron ore price Continued to rise and the downstream demand is expected to improve the context of international export quotation, steel prices have increased.
The international steel market: this year, Korea imported Hot Rolled Coil Prices continued to rise, driving up the domestic price level. Traders said the market price of hot rolled import prices led growth. Month last year, South Korean-made hot-rolled price 11,12 no significant change, however, hot-rolled steel mills in China exported to South Korea Price high to promote the local market prices increased. Most of China's hot offer more than 550 U.S. dollars / ton (CFR), South Korea's market price increases led to about 20,000 won / ton. According to the Jordanian Ministry of Industry and the local steel mill Cooperation Index set price list, from the week beginning 40 levels of tension Rebar Ex-factory price adjusted to 410-426 JD / ton (about 579-601 U.S. dollars / ton), while last week's offer 405-417 dinars / ton (about 572-589 U.S. dollars / ton), plus 8 % sales tax for the 443-460 dinars / ton. Italian scrap prices have recently prompted January rebar up? 30 / t, ex-factory price (including the size of surcharge) is about? 410 / t ($ 590 / t).
For the international steel prices continued to rise, the main factors include:
1, improved steel orders before Christmas, the buyer a lot of orders to steel mills, steel mills still carry some of the current before the order. By the current trend of low stocks and bullish market outlook and other factors, except for China regional steel traders for some time will continue to add inventory.
2, steel scrap rose significantly. From December, the international scrap steel scrap prices continue to rise in January, the U.S. scrap price of 280-300 U.S. dollars broken / long ton, most of the market may rise again in February that the 25-35 dollar / long ton. International scrap prices continue to rise, mainly factors significantly reduced the supply of current U.S. production fell to 13 million tons / year horizon, the summer of 2008 output up to 21 million tons / year.
III Iron ore Prices. We see the international iron ore spot prices have soared above 130 U.S. dollars, while the market price of the new year is expected to hold up. The main reason is that China's steel production at a high level, in addition to steel mills outside of China at the lower inventory levels, and steel mills were ready to expand production capacity, so demand will continue to increase ore.
4, the global coking coal prices, the recent Australian V 24.5S0.9A10.5MT9.5 coking coal price of 210 USD / ton, a week ago, up 15 USD / tonne.
Together, rising production costs and nearly needs improvement, and promote the international steel prices. But we see more national unemployment rate is still high, that trade will continue to deteriorate to maintain the export market will be seriously affected.
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