International Steel City one week review (0328-0403)

remain strong. CRU price index of the region this week to 163.9, up 5.7 percent from the previous week, rose 20 percent last month, up 29.2% over the same period last year.

long products, the European long products market remain strong. Southern European rebar and wire rod prices rose in March amounted to € 100 / t. Southern European rebar and wire rod ex-factory price of 460-480 euro / ton and 480-500 euro / ton. The market is expected to rebar ex-factory price in April rose to 480-520 euros / ton, wire ex-factory price to rise to 500-520 euro / ton. Although construction activity is still stagnant, the demand for rebar and wire rod in the doldrums. But all the manufacturers are price increases, southern Europe, buyers have to accept rising prices. Profiles, the European Extrusions increase scrap surcharge for April delivery, or 30-31 euros / ton. SARS Quetta under the profile scrap surcharge upwards of 169 euros / ton in March from 139 euros / ton, the Gallardo profiles from 141 euros / ton transferred to 172 euros / ton. Southern Europe profiles needs are gradually being restored, the steel price increase is expected to to be accepted by the market.

remain strong. CRU price index of the region this week to 175.4, up 5.3 percent from the previous week, last month rose 9.5 percent over the same period last year rose 40.1 percent.

other markets

this week, the international steel market continue to rise. CRU international steel index of 186.4, rising 6.8 percent the previous week, last month rose 14.7 percent over the same period last year rose 41.1 percent. This week CRU flat index was 180.7, up 6.8% last week; CRU, long products index was 197.8, up 6.8 percent the previous week. European markets remain strong, the Nordic steel mills began to increase in the second quarter sheet prices. Week in the U.S. market remain strong, the possibility of scrap continue to rise in April, steel mills will raise prices again. This week, Asian markets remain strong, demand has picked up market prices continue to rise. Judgment on the whole, the short term the international market will continue strong.

North American market

long products, CIS steel mills raised billet export prices. 4 per month billet price last week from two weeks ago of 530-550 U.S. dollars / ton rose to $ 610 / ton (FOB Black Sea). This reflects the strong market demand for semi-finished products, especially in the Gulf region needs better billet. A trader said that increasing demand is likely to push the billet price to 625-630 U.S. dollars / ton. Allegedly one this week, Ukraine Metinvest billet offer up to $ 620 / ton (FOB). (The the Wei Zengmin, Mysteel.com International Ministry editing, please do not reprint)

long products, long products market in Asia remain strong. With the recovery in demand and market no callback signs of the Southeast Asian importers began to accept rebar prices, the recent South Korean steel exports to Singapore, the transaction price of 665-675 U.S. dollars / ton (CFR). Chinese rebar export to the transaction price of $ 645 / ton (CFR). Taiwan and South Korean steel mills offer has reached 650 U.S. dollars / ton (FOB). In Korea, due to increased costs, Hyundai Steel raised prices of long products in April, or 50,000 won / ton. After adjustment, 10mm rebar price ex-factory price rose to 791,000 won / ton, a small H-shaped steel rose to 910,000 won / ton. South Korean demand for long products weak scrap prices rose too rapidly, and the late Hyundai Steel is likely to continue to raise prices. In addition, China's H beam exports to South Korea's offer to continue rising. The recent the Magang May delivery small H-shaped steel export offer of $ 640 / ton (CFR), medium-sized to 695-710 U.S World Pipe network informed. dollars / ton (CFR). Because of the high offer, South Korea, traders said it would reduce imports. In India, due to strong demand and increased costs, the largest long steel producer RINL Following the March 18 long products ex-factory price increase of 2000-2500 rupees / ton this week, in turn long products up 2750-3000 rupees / t ( 61-67 U.S. $ / ton). Billet ex-factory price rose to about 2.93-2.95 million rupees / ton. 16mm rebar ex-factory price rose to 35,000 rupees / ton, 7mm wire rose to Rs 35,100 / ton. Tata Steel Authority of India, India's steel mills also raised prices of long products.

Asian markets

flat, flat market in Asia remain strong. The recent transaction price of ship plate imports in Southeast Asia more than 700 U.S. dollars / ton (CFR), but the volume is not large. Indonesian ship plate exports to Singapore transaction price of 720-725 U.S. dollars / ton (CFR), up $ 40 / t in early March. Indian Ship transaction price of 700 U.S. dollars / ton (CFR). The offer of the suppliers are still rising, CIS resources at 780-785 U.S. dollars / ton (CFR), China's resources to $ 780 / ton (CFR), the buyer inquiry only 720 U.S. dollars / ton (CFR). In South Korea, following the Eastern Steel price increase this week, Hyundai Hysco plate ex-factory price increase in April, or 80,000 won / t / t. Cold rolled prices rose to 865,000 won / ton, hot dip galvanized sheet rose to 965,000 won / ton, pickling board rose to 805,000 won / ton. Eastern Steel and Hyundai Hysco price increases, it is expected that other Korean cold-rolled producers will also raise prices, mainly on account of cold-rolled base material prices rose sharply, Japan the second quarter of cold-rolled base material exported to South Korea's offer an average of $ 700 / ton (FOB) World Steel Pipe News , the Chinese steel mills offer more than 700 U.S. dollars / ton (CFR).

long products, long products market remain strong. Midwest steel rebar ex-factory price of 580 U.S. dollars / short ton; wire ex-factory price of 700 U.S. dollars / short ton; ex-factory price of the small section of 760 U.S. dollars / short ton. Lack of substantial demand, rising long products market is not smooth, rebar sales in the gradually shrinking under the pressure of high prices. U.S. domestic commercial construction market continues to lag, even if it had more optimistic about the residential construction market is also faced with the dilemma of falling demand, housing starts has failed to achieve the improvement in the true sense of the schedule in the spring, the demand for long products market is still lagging behind. However, the U.S. market scrap prices in April are likely to rise again, and has remained relatively strong trend in the early summer, April may take the opportunity to once again raised the long steel timber prices, the market has upward momentum.

flat, sheet market remain strong. Midwest steel mills, hot rolled coil ex-factory price of 660 U.S. dollars / short ton, higher than last week for $ 10 / short ton; cold rolled coils of 780 U.S. dollars / short ton, up $ 20 / short ton; hot galvanized plate 850 U.S. $ / short ton, up $ 20 / short ton. Since the beginning of the year, the U.S. sheet prices rose more than 150 U.S. dollars / short ton. Analysts pointed out that the growth in demand and increasing costs will drive the sheet further price increases, the market is expected to scrap prices in April rose $ 50 / short ton. Central and western service center is expected to hot rolled coil prices in May more than 800 U.S. dollars / short ton. Plate aspect, although the demand continues weak, but American Plate is still an upward trend, central and western steel mills of the ex-factory price of 760 U.S. dollars / short ton, up $ 30 last week / short ton, compared with a month ago, rose 60 U.S. dollars / short ton. The second quarter, a small increase in demand is expected, taking into account the scrap and iron ore prices, short-term U.S. plate prices have room to rise.

flat side, the Turkish Erdemir company raised the domestic prices of coils. Turkish the Erdemir company raised domestic coil prices for May delivery. Thermal volume ex-factory price from three weeks ago, $ 610 / ton to 720 U.S. dollars / ton, cold roll raised to $ 800 / t ex-factory price from 680-700 dollars / ton ex-factory price of hot dip galvanized sheet from the previous 760 raised to $ 800 / t U.S. $ / ton. The market believes that the cost of raw materials is increasing, and Erdemir, the will likely continue to raise prices. In the UAE, the flat growth in demand is still slow, but the price did not stop rising. Hot rolled coil import quotes about 700-710 U.S. dollars / ton (CFR), last week for $ 680 / ton (CFR). Chinese hot-dip galvanizing offer 925-1000 U.S. dollars / ton (CFR), last week for 900-910 U.S. dollars / ton (CFR). Hot galvanized quote in India 1020-1100 U.S. dollars / ton (CFR), last week for $ 1,000 / ton (CFR). Local traders believe that, overwhelmed by the prices of iron ore price rise is related to, but because of the downturn in market demand, not a good judge of future trends.

flat, the European flat steel market remains strong. Nordic steel sheet prices continue to rise despite the weak end-user demand, Germany SARS Quetta Iron and Steel Company in the second quarter sheet price increases of 60-80 Euro / ton for all varieties. ArcelorMittal also claimed that it would increase prices, the other Nordic steel mills plans to raise 80-100 euros / t. Traders and users believe that, despite rising raw material prices, but demand conditions do not support the steel so sharp price increases. However, the steel mills operating rate is not high, imports almost disappeared, the market supply is tight, with the exports of the euro against the weaker dollar, Nordic sheet is also good. Therefore, steel mills in the second quarter price increases were accepted by the market is very likely. Aspects of thick plate, special plate prices in Europe rose to 50-70 euros / tonne, rising raw material prices, steel mills had to be passed on to downstream users cost pressures. North Ott slab transaction price from last week's 500-550 euro / ton rose to 590-620 euro / ton. The Nanou Te slab transaction price from last week's 500-550 euro / ton rose to 550-610 euro / ton. Special plate imports offer the same, unchanged from last week for 490-500 euro / ton (CFR). The import market transactions are very few. In particular, very few products imported from China because China's offer higher.

remain strong. CRU price index of the region this week to 205.3, up 8 percent from the last week, last month rose 15.3 percent over the same period last year rose 47.7 percent.

European market