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The recent rally in the price of imported rebar in Singapore appears to have run out of steam, with offers from Chinese mills falling some $10-15 per tonne on the week.
Metal Bulletin Research (MBR) explains what has driven the sharp rebound in seaborne scrap prices and considers where the major benchmark prices will move to next.
The past few weeks have seen incredible price rises in Europe’s galvanized steel market, a trend mirrored in many other steel markets around the world. Metal Bulletin Research (MBR) looks into the underlying causes.
Economic data from China post-Chinese New Year has turned out to be surprisingly strong and car sales are gathering momentum.
As the recovery in sentiment in the Chinese economy speeded up in March, the Shanghai stock market regained some lost ground and made impressive double-digit gains.
RT @LAllen_SF: Brazilian capital goods sector revenues take 33.2% hit in March https://t.co/d3f2XxTARH via @FPeroni_SF @Steel_First
China’s domestic iron ore production fell 5% year-on-year in March , despite a rebound in spot prices. https://t.co/VV3bGGS0yf
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