prices News — GMK Center

Global coking coal prices continued to fall in late March

Igor Vorontsov — Wed, 02 Apr 2025 13:38:41 +0000

Premium coking coal (PHCC) prices in Australia fell by $10/t from March 14 to March 28, to $168/t FOB, according to Kallanish. Overall, the decline for the month was $20/t. On the Singapore Exchange, April futures fell by $4/t compared to the previous week, to $172/t FOB. Chinese traders attribute this to large supplies of […]

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Global rebar prices stabilized in late March

Igor Vorontsov — Tue, 01 Apr 2025 13:43:30 +0000

Indian rebar prices remained unchanged at $657/t EXW Mumbai from March 21 to 29, according to Kallanish. Since the beginning of the month, the price of the product has increased by $41/t. Thus, the potential for growth has been exhausted at the moment, although there are prerequisites for its resumption. Indian construction companies are actively […]

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Global ferroalloy prices slightly declined in late March

Igor Vorontsov — Mon, 31 Mar 2025 13:52:24 +0000

Spot ferrosilicon (Si 75%) prices on the Zhengzhou Commodity Exchange (ZCE) in China fell by $5/t to $830/t from March 17 to 24, according to BigMint. OTC offers from producers remained stable at $860/t EXW Mongolia. Information about plans by steel plants in northern provinces to increase steel production in Q2 did not affect the […]

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Middle East billet prices show weak growth in late March

Igor Vorontsov — Thu, 27 Mar 2025 13:44:11 +0000

GCC steel billet prices rose from $457/t to $460/t CFR between March 14 and March 28, according to Kallanish. This is $3/t lower than at the start of the month. Iranian bids are $443-445/t CFR from Kuwait, Oman and UAE ports for May delivery and remain stable. Chinese producers cut their bids by $5-7/t to […]

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Global pig iron prices rose by the end of March

Igor Vorontsov — Wed, 26 Mar 2025 14:20:49 +0000

Pig iron price quotations in Brazil for the period from March 14 to 21 increased by $20/t, to $450/t FOB Ponta da Madeira, according to Metalplace. In the first half of the month, the cost of the product did not change. Local producers reduced foreign shipments by 29.5% in January-February, to 504.6 thousand tons, according […]

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Global CRC prices increase in March

Igor Vorontsov — Thu, 20 Mar 2025 14:08:22 +0000

The price of cold rolled coil in North America increased from $1,125/t EXW as of February 28 to $1,162/t EXW as of March 20, according to Kallanish. The rise in product prices is not supported by the growth of domestic demand. The American auto industry, the main consumer, showed a decrease in production in February. […]

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Asian coking coal prices accelerated their decline

Igor Vorontsov — Wed, 19 Mar 2025 15:19:35 +0000

Offers for Australian coking coal in China from March 17 to 19 fell by $7/t, to $173/t CFR Qingdao, according to Metalplace. Since the beginning of March, quotes have fallen by 9%, and by 13.5% since the beginning of the year. Prices for Russian coal in January-February remained stable, but in mid-March they also began […]

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Global slab prices rose in the first half of March

Igor Vorontsov — Tue, 18 Mar 2025 12:36:45 +0000

Indonesian and Vietnamese slab suppliers raised their selling prices for EU customers to $500/t SFR in mid-March, according to SteelOrbis. In mid-February, offers were at $480-485/t CFR Europe. During this period, Chinese producers raised prices for overseas shipments by $20/t, to $520/t CFR. In Italy, imported slabs rose from $490-520/t to $500-530/t CIF. The price […]

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Global ferroalloy prices decline in first half of March

Igor Vorontsov — Mon, 17 Mar 2025 09:32:06 +0000

In the first half of March, spot prices for ferrosilicon (75%) in China fell by $7/t to $870/t EXW, according to BigMint. Market sentiment remained cautious as participants worried about potential uncertainty. Futures prices on the Zhengzhou Commodity Exchange (ZCE) fell by $11/t to $828/t for May delivery. The uncertainty is linked to the announced […]

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Global prices for rebar fell in early March

Igor Vorontsov — Thu, 13 Mar 2025 08:10:42 +0000

The dynamics of rebar sales by traders in the first ten days of March was determined by both seasonal and systemic factors. Manufacturers in most regions of the world had to respond by adjusting prices, despite stable costs. The cost of rebar in the UAE in the first ten days of March fell by $5.5/t, […]

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Coke prices stabilize in China

Igor Vorontsov — Wed, 12 Mar 2025 09:23:30 +0000

The cost of coke on the Chinese market in the first week of March remained unchanged at $220/t, FOB Tangshan, according to MetalPlace. Since the beginning of the year, the commodity has lost 13%. Low activity from buyers forced coke plants to lower price requests in the hope of maintaining production volumes. Metalworks took a […]

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Asian billet prices continue to decline

gembarska94 — Wed, 05 Mar 2025 15:56:04 +0000

Asian billet bids have eased slightly amid weak consumer demand in China. The cuts include both futures and spot prices. According to SteelOrbis, the weekly decline on FOB China terms as of March 5 was 1,14%. The decline of 1,14% was also recorded on a monthly basis, compared to February 5. In the first decade […]

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German steel producers expect a price increase in March

Masha Malonog — Tue, 07 Mar 2023 06:58:35 +0000

Participants of the German steel market expect an increase in prices for steel products in March 2023. This is evidenced by the S&P Global survey, informs Eurometal. The March index of market sentiment was 75 points, both on the part of distributors and producers. The average indicator in February was 54 points. Such a change […]

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European HRC producers have raised prices for January 2023

Masha Malonog — Thu, 29 Dec 2022 15:41:12 +0000

Higher hot-rolled coil (HRC) prices and expectations for January 2023 sales from EU producers are unlikely to boost Turkish export opportunities early next year. Argus.Media reports about it. India is likely to dominate the HRC import market in the short term. High production costs, low availability of scrap and a smaller selection of suppliers of […]

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The current prices on the European HRC market are not indicative

Masha Malonog — Fri, 18 Nov 2022 07:24:18 +0000

The European hot-rolled coil (HRC) market was marked by low demand in mid-November 2022, and some mills were ready for significant discounts on supplies this year. The traditional end-of-year inventory drawdown is currently slower as distributors have stockpiled sufficient flats. In addition, there is a decrease in demand from end consumers, in particular, the automotive […]

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The rise in iron ore prices in China is driven by market sentiment

Masha Malonog — Thu, 17 Nov 2022 08:23:49 +0000

Some optimism is returning to the iron ore market – its prices have risen in China, so there is hope that the minimums for iron ore are behind. Clyde Russell reports about it for Reuters. In particular, the spot price for benchmark iron ore with an iron content of 62%, according to the Agrus agency, […]

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Weak demand for steel in China has hit raw material prices

Masha Malonog — Tue, 01 Nov 2022 15:55:07 +0000

Since mid-October 2022, futures prices for China’s main ferrous commodities, including steel, iron ore, coke and coking coal, have fallen markedly, with raw material contracts the most affected. SteelMint reports about it with the reference to Mysteel Global. Market participants consider weak demand for steel and steel products, as well as negative sentiment on the […]

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Long steel suppliers in the EU seek to stabilize the market

Masha Malonog — Mon, 31 Oct 2022 13:43:50 +0000

The European long products market is showing some signs of stabilization. Eurometal informs about it with the reference to Kallanish. The latest measures taken by European policymakers have resulted in more sustainable gas prices after sharp fluctuations since the second quarter of 2022. The uncertainty in the steel sector, according to the source, was mainly […]

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The European hot-rolled coil market is not yet ready for recovery

Masha Malonog — Thu, 27 Oct 2022 12:23:20 +0000

Prices for hot-rolled coil (HRC) in northern Europe fell by €30/t – to €680-740/t exw during the week of October 14-21. This is evidenced by Kallanish price indicator. Analysts cite low demand and orders from European enterprises as the reason for the fall in prices. While producers from northern Europe offer products at lower prices, […]

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Rising prices for coking coal may reduce the steelmakers’ margins

Masha Malonog — Mon, 05 Sep 2022 16:39:29 +0000

Rising prices for coking coal may affect the margins of global steel producers against the backdrop of a decline in demand for steel on world markets. Forecasts of analysts and market participants regarding future quotations differ. 1. By website CoalMint’s data, after falling for almost two months and touching a one-year low of $190 per […]

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Baosteel expects steel market to improve in September

Masha Malonog — Wed, 20 Jul 2022 12:32:08 +0000

Major Chinese steelmaker Baosteel expects steel market performance to not improve until September, which is the traditional peak season for the steel industry. Steel Orbis informs abput it. On an interactive platform with investors, Baosteel said it cut prices for carbon steel flats for August delivery amid lower spot market steel prices and additional maintenance […]

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Summer recession: why Ukraine’s steelmakers and miners reduce activities

Masha Malonog — Mon, 18 Jul 2022 10:06:18 +0000

The war hit hard on the activities of all enterprises of the mining and metals complex of Ukraine. After the beginning of the war, many large enterprises stopped working, but since April-May, have been resuming operations. Two months later, the margin of many industry companies dried up, so they started massively announce load or capacities […]

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ArgusMedia: Euro/dollar parity may help hot-rolled steel prices stabilization

ilona makedon — Thu, 14 Jul 2022 08:44:14 +0000

Euro/dollar exchange rate parity could help European flat steel prices reach bottom and then stabilize, ArgusMedia wrote citing own market players’ opinions analysis. On the one hand, imported hot-rolled coils, HRC, are getting even less attractive to buyers, since in some cases products from imported suppliers are more expensive than from mills in Italy. Thus, […]

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Global coal prices may increase

ilona makedon — Fri, 08 Jul 2022 09:42:05 +0000

Coal prices on world markets rose from around $300 at the beginning of May to $400/t in the first decade of July. After the peak of about $430/ton at the end of May, the prices decreased, but in the near future, we can expect a further increase. The forecast trend shows that coal prices may […]

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How macroeconomics and COVID “won” the war

ilona makedon — Thu, 16 Jun 2022 17:57:47 +0000

The war in Ukraine was a shock to the world economy. Ukraine and Russia were among the largest steel suppliers, exporting an average of 40 million tons of steel products per year, but with the outbreak of war, these supplies significantly reduced. The disruption in supply chains led to 30-60% price growth in March (depending […]

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In May, prices on steel bars, beams, corners and hot-rolled sheets fell

ilona makedon — Wed, 08 Jun 2022 11:42:54 +0000

The decrease in prices for construction metal in May – bars, beams, corners and hot-rolled sheet – was 2.3-11.5%. The price of profiled and round pipes did not change, according to consolidated index of construction steel prices by Ukrainian Center for Steel Construction. The dynamics of prices for construction metal in May did not change, […]

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In China, iron ore prices reached a 6-week high

ilona makedon — Sat, 04 Jun 2022 08:46:47 +0000

The cost of iron ore on the Dalian Commodity Exchange in less than a week increased by 8.3%, to 935.5 yuan/ton ($140.4/t at the rate of the National Bank of Ukraine on 03.06.2022). According to the stock market indicator, this is the highest cost of raw materials since April 19. Such a significant increase was […]

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Australia expects iron ore prices to fall to $100 by the end of 2022

ilona makedon — Fri, 03 Jun 2022 08:48:03 +0000

Commonwealth Bank of Australia (CBA) has reviewed its long-term forecasts for iron ore and coking coal considering a pandemic, declining commodity demand in China and the war in Ukraine. CBA expects iron ore prices to fall to $120 a ton by the end of September and to $100 by the end of the year, SteelOrbis […]

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China iron ore prices is braced for easing COVID restrictions

Kristina Levchuk — Sun, 17 Apr 2022 08:30:22 +0000

The cost of iron ore on the Dalian Commodity Exchange remained virtually unchanged in two weeks, falling by 1.13%. According to the high-low graph, from April 1 to April 8 September iron ore futures decreased by 0.8% compared to the week from March 25 – April 1, to 918.5 yuan/t ($144.1/t at exchange rate of […]

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Global scrap prices lose $3 for the second week in a row

Kristina Levchuk — Wed, 13 Apr 2022 06:22:55 +0000

Price for HMS ½ grade scrap at the Turkish market for April 4-11 dropped by $3 compared to the previous week – to $650-651/t. Thus, scrap quotations are declining for the second week in a row. It is shown by the Kalanish price indicator. Turkey’s scrap quotations have slightly decreased against the background of the […]

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India’s casters demand pig iron, iron ore export ban

Kristina Levchuk — Tue, 12 Apr 2022 06:42:15 +0000

The India Foundry Association (IFA) demanded an immediate suspension of pig iron, and iron ore export from the country in order to protect an industry from the crisis, and volatility of raw material prices. It was reported by Yieh Corp. IFA Chairman Dinesh Dinesh Saksearia said that the national foundry industry was hit hard by […]

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China’s import losses to limit iron ore prices rise in Q2

Kristina Levchuk — Mon, 11 Apr 2022 08:15:02 +0000

China’s iron ore import losses will continue to counterweight to global price rise in Q2, 2022, after steepening in Q1, concluded S&P Global Platts. According to S&P Global Platts, seaborne iron ore prices in Q1 were stroked by expansionary Chinese fiscal, and monetary policies. Meanwhile, portside prices in the country were lagged in the country […]

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Commodities could soar 40%, JPMorgan forecasts

Kristina Levchuk — Thu, 07 Apr 2022 16:22:11 +0000

The American Investment Holding JPMorgan Chase & Co forecasts a 40% surge of commodities should boost allocations to raw materials at the time of inflation, wrote Bloomberg. While allocations are already above historical levels on the commodities, there is scope for future gains. “In the current juncture, where the need for inflation hedges is more […]

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China iron ore prices rose by 9.3% in a week

Kristina Levchuk — Mon, 04 Apr 2022 07:28:24 +0000

On Friday, April 1, September iron ore futures on Dalian Commodity Exchange rose by 9.3% compared to the Friday, March 25, to 926 yuah/t ($145.5/t at the National Bank of Ukraine rate on April 1, 2022). It is the biggest rise over the last three weeks. According to the high-low graph, the most drasticest change […]

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War in Ukraine: who benefits from sanctions, price rise, and materials supply crisis

Kristina Levchuk — Sun, 03 Apr 2022 06:22:34 +0000

There are always winners, and losers, in any military flare up. In the intraregional war of Russia against Ukraine the economic consequences are already felt by the whole world. At the same time individual countries, and companies will be able to improve their financial data, and market positions. Who benefits from the war, sanctions against […]

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Global scrap prices remain at $655/t for the second week in a row

Kristina Levchuk — Thu, 31 Mar 2022 09:32:57 +0000

Prices for HMS ½ grade scrap at the Turkish market for March 21-28 remained at a level of the previous week – $655/t. Thus scrap quotations stayed at the same level for the second week in a row. It is shown by the Kallanish price indicator. The scrap market in Turkey is frozen at the […]

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Global economy expectation from Russian-Ukrainian war

Kristina Levchuk — Mon, 28 Mar 2022 07:20:22 +0000

The global economy is still not recovered from the coronavirus, but the new “Black Swan” has already flown here. The share of Russia, and Ukraine in world gross product is not higher than 2%, these two countries are big suppliers of energy resources, agricultural products (wheat, corn, barley, sunflower oil), and various raw materials. The […]

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China iron ore prices rise for four week in a row

Kristina Levchuk — Mon, 28 Mar 2022 06:20:40 +0000

On Friday, March 25, iron ore futures on Dalian Commodity Exchange rose by 2.7% compared to Friday, March 18, to 856.5 yuan/t ($134.47/t at the National Bank of Ukraine rate on March 25, 2022). The price of September futures, whose turnover this week exceeded May futures (41.7 million vs 30 million) also rose by 2.7% […]

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Steel prices in Europe surged due to sanctions expectation

Kristina Levchuk — Wed, 23 Mar 2022 09:05:11 +0000

Steel prices in Europe surged to a new record high amid preparations for a ban on the finished steel products imported from Russia within a new package of sanctions. It is reported by Bloomberg. A new package of sanctions threatens to tighten supply even further, pushing prices up sharply. The HRC prices in Northern Europe […]

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Ukrainian Government stop business inspections under martial law

Kristina Levchuk — Tue, 22 Mar 2022 11:22:59 +0000

The Cabinet of Ministers has suspended business inspections under the martial law except unscheduled inspections on price rises control. It’s stated in the resolution of the Cabinet of Ministers No.303 of March 13. According to the resolution text, the government stopped taking planned, and unscheduled actions of state supervision (control), and state market supervision under […]

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Domestic prices for metals used in construction grew 3% on average in October

Vadim Kolisnichenko — Thu, 18 Nov 2021 07:01:39 +0000

The increase in prices for metals used in construction products averaged 3% in October against 11.6% in September. The increase in prices averaged 2–8% for various metal products in October. These data follow from the dynamics of the consolidated index of prices for rolled products of construction metals, as reported by the Ukrainian Steel Construction […]

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Domestic prices for metals used in the construction industry dropped 11.6% in September

Vadim Kolisnichenko — Fri, 22 Oct 2021 06:01:54 +0000

The fall in prices for metals used in construction products averaged 11.6% in September against 3.2% in August. Prices for various types of metal products decreased by 5–13% on average in September. However, due to the growth at the beginning of the current year, prices for metals used in the construction industry showed an average […]

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Domestic scrap prices hit a six-month high

Aleksandr — Mon, 06 Sep 2021 06:01:26 +0000

Over the week of 23 July, Ukrainian companies raised domestic purchase prices for scrap by 9.1% or by ₴800 to ₴9,600/ton against the previous week, according to UkrMet citing the statistics of Ukrpromzovnishekspertyza (Ukrainian Industry Expertise). To date, the price is 6.1% higher than the last high this year recorded in the week of 15 January. Then the purchase […]

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Ukraine’s scrap exports grew by 5.7 times in Q1

Vadim Kolisnichenko — Wed, 12 May 2021 06:01:59 +0000

In January–March 2021, Ukraine’s scrap export revenues hiked by 5.7 times to $16.6 million compared to the same period of the previous year. In physical terms, exports grew by 4.3 times to 49.1 thousand tons. In March, Ukrainian companies exported 18.9 thousand tons of scrap, according to the customs statistics of the State Tax Service of Ukraine. Turkish companies were the […]

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At their peak the prices arrive. What should we expect, subsequent dive?

Vadim Kolisnichenko — Thu, 11 Feb 2021 08:56:47 +0000

It may sound like absurd, but the last year may qualify as successful for the Ukrainian steelmakers. In 2020, the total volume of steel production fell by only 1.1%. Who could have predicted such an outcome, for example, in early April? During the last quarter, the market saw creation of such conditions nobody could have […]

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