News

Sep.3rd- Weak reality made the good forecast of “Gold “ September fading. Steel futures fell faster on 2nd trade day of September and closed with 3% around adjustment for most items and physical price is lower by around 20-50rmb/t in most regions. Debar trade is keeping normal rate around 100000mt…

steel news, China steel, steel market, ppgi, gi, gl, hdg, hr, hrc

Aug.21st Chinese market recap- One sharp rise can change the feeling and today happens. With some news of 1400 billion loan in housing section and short cover demand after series falling , Chinese market took a revenge rebound and HRC debar had repaired +120rmb/mt. Mills lifted base 5-6 rounds on…

Aug.9th Chinese market recap- Chinese market paused falling and some cover buying with real demand shows up and steel futures showed a ‘W” change and finally closed a little softer. Local debar sales are better volume around 110000mt daily then inventory pressure is eased more or less. Export market is…

The mounting uncertainty as regards the future developments in the global #steel market, caused by the slump in #ironore prices and, in particular, the weak sentiments in the Turkish #scrap market, have made Pakistani buyers more persistent in asking for discounts when negotiating new scrap bookings. As a result, by…

The prices of galvanized steel coils (GI) and prepainted galvanized steel coils (PPGI) went down a bit last week (Dec.01-Dec.07, 2014). The news of the measures taken by the government to encourage the growth of the economy becomes a big support of the steel price. The central bank announced to…

On August 11, 2015, applied by M/s International Steels Limited, Pakistan decides to initiate an anti-dumping investigation on Chinese Galvanized Steel Sheet and Coil. This case involved product HS Code like 2104110, 72104190, 72104990, 72123010, 72123090, 72259200, 72269900. The investigation period is from July 1, 2014 to June 30, 2015.…

ISLAMABAD: The Economic Coordination Committee of the cabinet has imposed regulatory duty on mobile phones and steel products and approved a policy for short-term independent power producers. The ECC imposed 15pc regulatory duty on steel products – billets, barsand wire rods, and 5pc on cold-rolled coils and galvanised platted sheets…