slab steel price today

Slab steel price today based on indexes decrease and with re-open the China market, purchase of it is increasing.

Weekly changes in commodity prices in physical transactions, steel slabs

View of global markets today Monday

The most important development of the market: the protest of the Chinese people against the severe corona restrictions of the government and the sharp reaction of the authorities to these protests

• Scrap imported from Turkey 1.1
• East Asia ticket 0.5
• Coal fob Australia 0.1
• Alumina 0.3
• Hot_sheet fob china 0.4
• Iron ore 0.5
• Cold sheet of the Black Sea 1.2
• Black sea hot sheet 1.4

Scrap 5.7% $357, steel slabs

The difference of only 10% in the price of Turkish scrap with Iran’s export slabs!

The price index of Turkey’s scrap imported from America had a jump of 5.7 last week and the prices reached the range of $357/ton! High-grade iron ore also grew by 1.3% and reached the range of $112.1 for 65% grade!

The growth of the scrap price is good news for the steel market operators and gives a signal of the steel price floor!

Iran’s steel chain in the commodity exchange, steel slabs

Investors of 22 commodities in the world have invested in this area in total The supply floor of production units active in Iran’s steel chain in the commodity exchange

• Iron concentrate 100
• Iron pellet 100
• Sponge iron 100
• Arc furnace steel ingot 80
• Induction furnace steel ingot 20
• Rebar 60
• Iron beam 70
• 100 gram sheet
• Cold sheet 100

The supply floor of other active units in the field of copper, zinc, lead, aluminum, etc. is also being updated and notified, which will be notified.

A significant growth in commodity exchange transactions is expected.

Faster movement towards reforming corona policies, steel slabs

The Chinese stock market is expecting a significant drop at the start of trading tomorrow, Monday

In various Chinese cities, reports of unrest and anti-government demonstrations have been published, which goes back to the Chinese government’s policy of inflexibility in dealing with the Zero Covid coronavirus.

In some cities, people broke the quarantine and came to the streets and demanded a change in the government’s policy in this regard

Commodity This is very good news for the commodity sector… It is expected that with increasing pressure on the Chinese government to change the corona policy, the amount of quarantine in cities will be reduced and with the opening of businesses, we will see the growth of the demand for commodities!

Good news about the continued growth of Iran’s steel exports, steel slabs

Last week, Iranian companies managed to export 400,000 tons of slabs with a value of more than 160 million dollars, and they significantly reduce their warehouse stocks.

The total commodity of the world’s slab export market is less than 2 million tons per month, and success in this sale means recapturing export markets from Russian steelmakers.