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The 3rd week of May summary: HRC China fell but other origins soared, oil plunged then surged, ocean freight drives up fast
During the third week of May 2021, with the strong downtrend of Iron Ore from China, the price of finished steel was significantly affected. HRC and rebar fell for 3 consecutive sessions, while coated steel increased. Price was like chaos when many traders and stockists with position kept plunging price to release stock. This makes people believe that price will fall in the future. At the same time, EU and US prices continued to increase, even some regions increased sharply. India also showed signs of increasing again. This is the cumulative result of inflation and market demand, which will push…
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May 25, 2021
Vietnam Officially Investigates Anti-Dumping China’s CRC
Vietnam Chamber of Commerce and Industry (Ministry of Industry and Trade) stated that Ministry of Industry and Trade has just issued Decision No. 2703 / QD-BCT on conducting investigation of anti-dumping measures on some cold-rolled carbon steel products. (cold pressed) in rolls or sheets made in China on September 3. The case was initiated based […]
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May 24, 2021
The 3rd week of May summary: HRC China fell but other origins soared, oil plunged then surged, ocean freight drives up fast
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May 25, 2021
Steel Coil Market Summary From 12th To 20th April 2021
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April 20, 2021
Vietnam Steel Coil Market – Forecast Till End Of April
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April 14, 2021
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