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
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
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 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 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 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
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