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Export prices for hot-rolled coils and slab in the CIS have declined.

07

26-09

// Blog

Export prices for hot-rolled coils and slab in the CIS have declined.

CIS hot-rolled coil and slab export prices declined. As of the week ending September 1, Russian hot-rolled coil and slab export prices fell further, amid the ongoing disruption to Black Sea trade routes. The FOB price for CIS black sea hot-rolled coil stood at USD 500–520 per tonne, down from last week’s range of USD 520–533 per tonne; the FOB price for CIS black sea slab was USD 475–497 per tonne, a decrease from last week’s USD 482–497 per tonne.

Tanzania’s $77 million iron ore project has entered the construction phase, with an annual production capacity of 1 million tonnes of direct reduced iron.

02

26-09

// Blog

Tanzania’s $77 million iron ore project has entered the construction phase, with an annual production capacity of 1 million tonnes of direct reduced iron.

Tanzania’s $77 million iron ore project has entered the construction phase, with an annual production capacity of 1 million tonnes of sponge iron. According to the Tanzania Citizen newspaper, Tanzania has made new progress in promoting local iron ore production. The Maganga Matitu iron ore project, with a total investment of US$77.4 million, has officially moved into the construction stage. With mining equipment gradually arriving on site and the project area now connected to the national power grid, Tanzania is one step closer to achieving domestic iron ore processing and supplying steelmakers with locally produced raw materials.

The shutdown of Libyan steel mills could tighten HBI supplies in the Middle East and North Africa.

26

26-08

// Blog

The shutdown of Libyan steel mills could tighten HBI supplies in the Middle East and North Africa.

Libyan Steel Plant Shutdown May Tighten HBI Supply in the Middle East and North Africa Due to a severe electricity shortage, the Libyan government has ordered the state-owned steel company LISCO to suspend production, a move that could lead to tighter supplies for major buyers of hot-briquetted iron (HBI) in the Middle East and North Africa. According to a statement released on August 20 by the Libyan government’s official media platform, the prime minister instructed LISCO to immediately halt its production lines and connect its captive power plant to the national grid. Earlier this year, Libya’s steel industry had already faced challenges: data from the World Steel Association show that crude steel output in the first half of the year totaled 381,914 tonnes, down 31.8% year-on-year.

Chuangcai Group – A primary manufacturer of sheet metal with 15 years of experience, dedicated to serving global B2B clients; minimum order quantity of 25 tons.

19

26-08

// Blog

Chuangcai Group – A primary manufacturer of sheet metal with 15 years of experience, dedicated to serving global B2B clients; minimum order quantity of 25 tons.

Chuangcai Group is a professional Chinese manufacturer and exporter of metal roofing & building steel sheets with 15 years of overseas export experience. We exclusively serveoverseas importers, wholesalers, trading companies and project contractors. MOQ: 25 tons. No individual or end-user orders.

Latin American steel export market trends diverge: billet prices remain stable, while hot-rolled coil prices decline.

18

26-08

// Blog

Latin American steel export market trends diverge: billet prices remain stable, while hot-rolled coil prices decline.

Latin American steel export market trends diverge: billet prices remain steady, while hot-rolled coil prices decline. As of the week ending August 14, Brazilian billet prices held steady for the fourth consecutive week at USD 570–580 per tonne. Pricing conditions from other sources remain competitive, with the market balancing demand and pricing. Some traders reported no transactions, while producers confirmed new offers but no deals yet. Sellers still anticipate that new deals could materialize soon, with producers expecting transactions within the current range; negotiations may extend into next week. On the Latin American hot-rolled coil export front, prices at the midpoint of the range fell by 1.85%. This week, FOB export prices for dry hot-rolled coil at major ports were assessed at USD 650–680 per tonne, down USD 5–20 per tonne from last week. Despite high domestic prices in the U.S.—the primary buyer of Latin American hot-rolled coil—increasing competition among regional exporters has put downward pressure on prices. Recent attempts and negotiations to export to Europe—typically at price levels lower than those in the U.S.—have also weighed on the export market.

Vietnamese steel mills are shifting to billet procurement, putting downward pressure on scrap steel prices.

04

26-08

// Blog

Vietnamese steel mills are shifting to billet procurement, putting downward pressure on scrap steel prices.

Vietnamese steel mills shift to billet procurement, putting downward pressure on scrap prices. As of the week ending July 31, Vietnamese scrap import prices continued their downward trend, with steelmakers increasingly favoring more price‑competitive billets, thereby reducing their appetite for scrap. In terms of pricing assessments, H2 Japan‑origin imports on a CFR Vietnam basis fell by $3–5 per ton week over week to $355–$360 per ton; deep‑sea bulk HMS 1&2 (80:20) on a CFR Vietnam basis declined by $5–8 per ton to $365–$370 per ton.

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