South Africa plans to draft the scrap steel export tax Malaysia Steel mill to start to reduce production
[Custeel international steel and iron dynamic]
South Africa plans to levy the scrap steel export tax
The South African Government and the South African metal Industrial association to levies the scrap steel export tax question to achieve consistently, this decision is to guarantee that the domestic supplier's benefit and reduces the steel mill the production cost. At present the further information also not yet announces, in the South African history has never levied the scrap steel export tax.
The Malaysian Steel mill starts to reduce production
Because comes under the influence which global several big steel mills reduce production in abundance, the Malaysian Steel mill started from the last month also to reduce the output 35%, the primary cause was global steel products demand worn out. Is different what with the Chinese Steel mill union underproduction is Malaysia's steel mill underproduction is completely the independent decision.
The American hot volume imported price continues to fall
At present, the American hot volume imported price is continuing to fall. The local foreign trader thought that the price will also continue to decline, best buying hour possibly at the end of this year or the beginning of next year.
The American West coast's buyer was waiting and seeing and price of waiting further falling, the American hot volume imported price compared to the local prices low 200 US dollar/tons, the galvanized sheet imported price was lower than 1000 US dollars/tons, the American domestic hot volume price was already 960-1000 US dollars/tons.
The European molding price continues to fall
Because raw material and billet's price continues to decline causes the European molding price also to continue to fall.
At present, the Turkish market small model IPN-UPN product's price is 558-590 US dollars/tons, the angle steel price is 663-699 US dollars/tons, Fang Pi the price is 670-706 US dollars/tons.
The export market, the angle steel quoted price is 700-730 US dollar/ton (FOB), the flat bar iron's quoted price is 710-740 US dollar/ton (FOB). The Spanish market, the 40-100mm angle steel price is 600-625 euros/tons, 10-25mm Fang Pi the price is 580 euros/tons. The Portuguese market molding's price is 660-670 euros/tons.