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Steel Products price in India, Pakistan China Iran

As of July 26, 2022, steel prices are still in a continuous downward trend. Futures for the commodity have fallen from nearly $1,500 at the start of the year to around $850 in late July — down more than 40 percent year-to-date at that time. Global markets have weakened since late March as rising inflation, a Covid-19 lockdown in parts of China and conflict between Russia and Ukraine have all raised uncertainty about the outlook for demand in 2022 and 2023. U.S. domestic hot-rolled steel (HRCN2) August futures on the Chicago Mercantile Exchange (CME) fell 0.93 percent to $851 a ton on July 26. The successive contract of this commodity decreased by 24.42% during the last month and closed at $859 on July 25. Hot rolled coil prices hit a multi-month high in mid-March as supply concerns over steel production and exports from Russia and Ukraine supported the market. Steel Products price However, since Shanghai imposed a strict lockdown in early April, sentiment has soured, sending prices tumbling in the following weeks. China's financial center officially ended the two-month lockdown on June 1, and further restrictions were lifted on June 29. Despite scattered outbreaks of Covid-19 across the country, China's economic recovery gained momentum in July as confidence improved and business activity picked up. Interested in learning more about steel commodity prices and the outlook? In this article, we discuss the latest news affecting the market and the predictions of some steel price analysts. It fell to $950/t in 2021, up from a previous forecast of $920/t, but prices are expected to drop to $750/t in 2022. Our forecast for lower prices in the second half of 2020 was realized, with prices in Europe and Asia easing in the second half of 2021, while US steel prices began to stabilize from an unusual rebound from the fourth quarter in October 2020. It is stated in this report. The company said. Steel market players are increasingly cautious about their purchasing needs. The outlook for global prices has gradually turned negative, especially for coil products. The highest record in the summer of 2021 surprised many. Steel Products price in India

Steel Products price

Steel market players are increasingly cautious about their purchasing needs. The outlook for global prices has gradually turned negative, especially for coil products. The highest record in the summer of 2021 surprised many. The peak of the price cycle occurs at different times in each region. Deal value in Europe peaked in June this year, while North American deal value peaked in September. Asian prices drop during the summer months. Another wave of Covid-19 sweeping the world has clouded the outlook for early 2022. The ominous type of Omicron could slow down the steel market's recovery. Many buyers are worried about the sharp drop in prices in the coming months. Different trends are expected in the short term for the three studied regions. European sheet prices are expected to increase in early 2022. It is expected that procurement will resume at this time. Factories are keen to offset their electricity and gas bills. The value of transactions in North America is expected to continue to decline in the coming months. Purchasing activity has weakened due to the increase in inventory levels in distributors and service centers. Domestic steelmakers may offer discounts to increase sales. MEPS predicts that the average combined transaction value of flat panel products in Asia will decline soon. The outbreak of COVID-19 across the region has dampened market activity and sentiment. A modest seasonal improvement in spring prices is expected. The value of steel sales is expected to decrease in all studied regions until the second half of 2022. Sheet consumption growth is expected to slow due to rising costs of steel and other materials. Inflationary pressures can reduce consumer spending. In addition, demand improvement in the automotive industry is expected to continue for a long time. Prices are expected to find support above historical averages due to higher factory input costs and industry decarbonization initiatives. The economic outlook for 2022 is relatively strong. Steel Products price in Pakistan

Steel Products price in India

Indian steel prices to fall by 10-15% in 2022 NEW DELHI, Dec 15 (IANS): Indian steel prices will fall by 10-15% next year as domestic and international steel spreads narrow. Supply constraints are easing due to increased crude steel production in India, with more material flowing to domestic end users. S&P Global Platts Analytics expects domestic hot plate prices in India to average Rs 53,550-56,700 per ton ($705-745 per ton) in 2022. 58% higher than Rs 39,761 per ton in 2020. The pre-pandemic average price in 2019 was Rs 38,567 per ton. The India-China domestic HRC spread reached $220 a ton on November 15, the highest level since April 2017, Platts data showed. There has been a strong correlation between steel prices in India and China since late 2017. The two prices diverged in October of this year, but then began to fall again. S&P Global Platts expects Indian prices to be affected by market conditions in China in 2022 due to slowing economic growth and a sluggish property sector. The high domestic steel prices in India this year are mainly due to Indian steel mills increasing exports to take advantage of higher prices offered abroad, which reduces domestic supply. India specifically targets Vietnam, Italy, Belgium, and Turkey. India exported 14% of finished steel production in April-October, the same proportion as the previous year but up from 8% in April-October 2019, Platts Analytics calculated based on data from the Joint Plantation Council. According to data from S&P Global Platts Analytics today, domestic steel prices will fall by 10-15% in 2022 as production increases and the consequent easing of supply constraints. Steel sales values ​​are expected to decline in all study regions in the second half of 2022. Plate consumption growth is expected to decline due to higher prices for steel and other materials. Inflationary pressures could reduce consumer spending. In addition, the demand recovery in the automotive industry is expected to continue. Steel Products price in China

Steel Products price in Pakistan

The price of steel bar or Saria rate per kilogram in Pakistan depends on various factors including the brand and grade of steel bar. Saria is an important part in the construction of buildings. In Pakistan, Saraiya is the term used for TMT rebar. The exchange rate of Saria in Pakistan changes almost every day. It is usually sold per kilo of sari. Steel bars are available in different grades such as 40 and 60. The iron rods used in construction lanterns are very strong and at level 60. Saria rate is different based on steel grade and company. In this post, we suggest today's work rate. The rate of Saria in Pakistan is increasing day by day because now the construction industry is very developed. Steel rebars are used in construction to strengthen buildings and make buildings stronger. It is used in roofs, columns and floors of houses or buildings. Therefore, if the foundations of the buildings weaken, the iron bars give them strength. Currently there are many steel companies in Pakistan. The reason for this is that the construction industry is currently growing a lot. Some of these companies are very popular because of their quality products. The notable companies are Mughal Steel, Amreli, Pakistan Steel, ITFEC Steel and Kamran Steel. Pakistan Steel Factory Mongolian steel Amreli Steel Company Elsa Steel MS Steel FF steel works Kamran steel Foulad ishard Tuvak Steel Factory In Pakistan, TR Garders are mostly used on the roofs of buildings and houses. But now TR Garder trend is out because TR Garder roof looks very old. Nowadays, everyone likes to install lantern boards on buildings. The first reason is that it looks nicer, and the second reason is that it costs less if we compare it to the TR Garder roof. In the long board, first the mold is made on top of the wall, then the steel bars are tied to the top of the mold. After this, the lantern is filled with a mixture of cement, sand and crushed. The mixture of these three things is also called concrete. Steel Products price in Iran

Steel Products price in China

18 February 2022 - Asian steel prices surged in March. Many steel traders and consumers desperately need to store short positions. Base metal futures on the Shanghai Futures Exchange and the London Metal Exchange continued to rise. For nickel in particular, demand remains strong. Asian steel prices generally rise in March 2022 Many steel producers in Asia have already announced price hikes for March 2022. One example is Taiwanese steel producer China, whose prices are expected to rise by an average of 2.5%. Rising input costs, especially high demand after the Lunar New Year and short positions by traders and consumers led to higher prices. Base metals continue to rise the six base metals nickel, aluminum, copper, lead, zinc, and tin are tied for higher SHFE. Most other ferrous and non-ferrous metal commodity futures on China's Shanghai Futures Exchange also rose as inventories continued to fall. In particular, the increasingly scarce nickel (Shanghai Futures Exchange ni2203) price rose again by more than 2.7%. LME nickel aluminium copper zinc continues to rise Nickel, aluminium, copper, and zinc continued to rise at the start of LME trading today. Here, limited access, political tensions and rising energy costs have also contributed to higher prices. Nickel futures opened more than 3%. Aluminum rose more than 1.1%, copper climbed back above $10,000 a ton, edged up 1%, and zinc rose just under 1.8%. An unusual influx of cheap Russian products is shaking a corner of the Asian steel trade, putting pressure on prices, and prompting one of the region's leading producers to warn of possible trade retaliation. Russia is trying to send more steel eastward after sanctions blocked key Western markets and the war in Ukraine disrupted Black Sea exports, according to Asian steelmakers monitoring trade in the region. Rising sales will weigh on an already battered market amid slowing demand in China. Prices in China have risen sharply since early 2022 but have slowed as demand weakened. Stainless steel consumption and production in China has been impacted by COVID-19 restrictions, which have created logistical issues in suppliers' ability to deliver the material.

Steel Products price in Iran

Iranian steel market trend in the 29th week of 2022 billet prices fell to $559 a ton from $573 a ton. The downturn in the market has resulted in lower billet prices, despite rising exchange rates and limited IME supply levels. long product in the rebar market, prices fell from $662/t to $652/t as demand fell completely amid fears of a further decline, and despite low inventories, there were very low buying margins. decline. until the weekend Despite weak demand, limited supply of rebar has kept the market stable at around $718 a tonne including VAT. Tablet products The downtrend of HRC Mubarak Steel Company is due to market rumours as well as weak demand which is likely to continue. Mubarak's 2mm HRC was at $778 a tonne ex-departure on Saturday and reached $728 a tonne on Wednesday. Oxin co HRP was lower on weak demand, but factory market controls capped losses from $989/t to $984/t. The cold rolled coil market is quiet and the lack of demand is expected to persist in the coming weeks. By the end of the week, it went from $1,107 a ton to $1,104 a ton. HDG slid from $1,098/t to $1,079/t due to lower HRC prices and limited demand. If the Chinese market reacts quickly to the government's policy, the decline in steel prices will stop. On the other hand, Russian dumping into the steel market has bottomed out and we have seen prices rise or stabilize over the past few weeks. But in Iran, prices have been falling due to stagnant export markets and constraints on domestic demand. Power outages have affected not only supply but also demand levels, and as a result, most of the economic operators who see prices falling daily have stopped trading. It became clear last week that while mills such as Khuzestan Steel wanted to export billet at prices above $520 a tonne, large shipments were being sold at around $460 a tonne FOB, news that has strained the steel market. Conclusion All information mentioned above providing to the buyers and Our vision is to be a standard for customized products and quality services so that we can build a good brand image of our company in the national and international market with competitive prices and cheap shipping services. We keep ourselves updated with the latest technology and industry requirements.

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Comments (29 Comments)

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