INDUSTRY NEWS
August news
Local market prices fell slightly. The listed steel mills in the province fell by 20-40 yuan / ton, mainly due to the previous day's price. The overall performance of downstream terminal demand is weak. Steel mills and agents are still bearish on the future expectations. The current inventory has an average loss of more than 100 yuan per ton, but the current operating mode of traders is mainly based on shipments. According to statistics, Hefei's inventory is about 21.28 million tons, an increase of 0.73 million tons from the previous week. Among them, the stocks of rebar and coiled snails have increased, and the increase is basically flat. However, the decline in high-line stocks is more obvious. Up to now, MG stocks 120,000 tons, CJ stocks 82,000 tons, in recent days, steel mills generally shipped, total inventory increased slightly. Today's local market prices are expected to consolidate.
In the first half of 2019, India overtook South Korea to become the world's second largest importer of scrap steel. According to data released by the Indian Ministry of Commerce, India’s scrap imports in the first half of the year increased by 35% to 3.87 million tons, of which the two major suppliers of the United Arab Emirates and the United Kingdom increased their scrap exports to India by 27% and 117% respectively. To 7.115 million tons and 530,100 tons. At the same time, US scrap supply to India fell 7% year-on-year to 301,300 tons.
In the first half of the year, South Korea’s scrap imports increased by 11% year-on-year to 3.63 million tons. Among them, scrap imports from Japan were flat year-on-year, at 22,000 tons. To offset the decline in Turkish scrap demand, US scrap suppliers turned their attention to South Korea, causing South Korea's scrap imports from the US to almost triple, reaching 689,900 tons. At the same time, South Korea’s scrap imports from Russia fell 20% year-on-year to 388,100 tons.
In the first half of the year, due to the economic slowdown and the sluggish steel exports, scrap imports fell by 16% year-on-year to 9.01 million tons. But Turkey remains the world's largest importer of scrap.
For Turkey, in the first half of the year, scrap imports from the US fell by 18% year-on-year to 1.62 million tons, and scrap imports from the Netherlands increased by 5% to 1.24 million tons, and scrap imports from the UK fell by 24% year-on-year to 112. Tens of tons, scrap imports from Russia fell by 27% year-on-year to 969,900 tons, and scrap imports from Belgium fell by 43% year-on-year to 628,100 tons.
It is reported that in the first half of the year, Turkey's crude steel output fell 10.1% year-on-year to 16.99 million tons, India's crude steel output increased 5% to 56.96 million tons, and Korean crude steel output increased by 1.1% year-on-year to 36.45 million tons. It is also known that India recently announced a draft scrap industry policy aimed at promoting scrap processing to accommodate the transformation of smelting processes into electric arc furnaces and induction furnace steelmaking.
The Tanzanian mainstream media "Citizen" reported on August 12 that when the SADC delegation visited the Tanzan Pyongtan steel plant, the head of the plant called on the Tanzanian government to increase the steel import tariff from the current 25% to 35%. Representatives from the Ministry of Industry and Trade in the delegation responded that the government is studying the process.
Recently, according to foreign media reports, US steel prices seem to be affected by 232 tariffs, tinplate prices are rising sharply, tinplate manufacturers will reflect price increases in negotiations with customers in 2019. It is reported that since the price of hot rolled strip of raw materials for tinplate production has increased, the price of tinplate in the United States has increased by more than $350/ton since last year. US tinplate manufacturers will begin negotiations with customers on prices starting in 2019 this fall. They will ask for a 50% price increase when the tinplate price is at a high market level and a 30% price increase when it is at a low market level, which is in line with the price increase of hot rolled products.
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