SteelBis

SteelBis SteelBis, being the pioneer of steel industrial oversight in Pakistan, aims to become a global platf

Russian steel prices continue to fall, as Turkey's lack of demand and generally limited opportunities due to sanctions p...
28/05/2022

Russian steel prices continue to fall, as Turkey's lack of demand and generally limited opportunities due to sanctions put pressure on Russian steelmakers, who are now offering steeper discounts on slabs and billets to entice buyers. Due to a multitude of sanctions Russian suppliers have redirected almost all their exports to Asia, making offers almost 40% as domestic demand is weak.

https://steelbis.com/News/GetNews/81862

Chinese Sheet Metal Prices weaken on quarantine fearsSheet metal prices in China fell down by 100-120 CNY/MT as Covid in...
28/05/2022

Chinese Sheet Metal Prices weaken on quarantine fears
Sheet metal prices in China fell down by 100-120 CNY/MT as Covid infections across the country begin to rise in the number, with Hot-rolled coil losing all the price positions won back last week, again returning to a protracted downtrend.



https://steelbis.com/News/GetNews/81856

SteelBis wishes to Muslims across the world. May Allah accept your good deeds and bless you and your loved ones with k...
02/05/2022

SteelBis wishes to Muslims across the world. May Allah accept your good deeds and bless you and your loved ones with kindness, patience, happiness, and love.

Rising iron ore and coke prices have again built an upward momentum for flat steel products in , with the momentum furt...
04/03/2022

Rising iron ore and coke prices have again built an upward momentum for flat steel products in , with the momentum further aided by increased demand in the domestic market.

https://steelbis.com/News/GetNews/81668

In a recent letter by the Association of Large Steel Producers (PALSP) to Syed Muhammad Tariq Huda (FBR) Member (Custo...
25/02/2022

In a recent letter by the Association of Large Steel Producers (PALSP) to Syed Muhammad Tariq Huda (FBR) Member (Customs-Operations), the association has urged relevant authorities to strengthen mobile patrolling on the country’s borders to ensure strict vigilance on smuggling of steel bars. The association has further demanded, that warehouses and retailers concluding operations without sales tax invoices should be identified and taken action against as these practices are destroying the domestic industry.

https://steelbis.com/News/GetNews/81657 #

In the third quarter of 2021 EU, apparent steel consumption increased for the fourth consecutive time in a row (+14.3%),...
22/02/2022

In the third quarter of 2021 EU, apparent steel consumption increased for the fourth consecutive time in a row (+14.3%), albeit easing with 36 million tonnes compared to 40 million tonnes in the second quarter. Recovery is expected to continue but at a moderate rate and is subject to considerable uncertainty, including the ongoing energy crisis, until at least mid-2022.

https://steelbis.com/News/GetNews/81652 #

Indication for hot-rolled coil in Asian markets reached $830 per tonne CIF towards the end of last week. Prices have ris...
22/02/2022

Indication for hot-rolled coil in Asian markets reached $830 per tonne CIF towards the end of last week. Prices have risen sharply since mid-February adding at least $30-35 per tonne and continuing to grow. Meanwhile, deals concluded a month earlier were heard not exceeding the range of $740-750 per tonne CIF.

https://steelbis.com/News/GetNews/81653

After a period of healthy buying activity in the last few days, Southeast Asian buyers have stepped back this week, howe...
17/02/2022

After a period of healthy buying activity in the last few days, Southeast Asian buyers have stepped back this week, however, offers have continued to be firm at the back of strong buying momentum in the Turkish market previously and higher offers from Japanese H2 suppliers into Asian countries amid tighter availability.
https://steelbis.com/News/GetNews/81646

The Kanto Tetsugen's export scrap tender was concluded for a total of 10,000 tonnes of scrap in February. The winning bi...
15/02/2022

The Kanto Tetsugen's export scrap tender was concluded for a total of 10,000 tonnes of scrap in February. The winning bid in Japan's monthly tender for H2 scrap for export, held last Wednesday, rose by $42/t on month at Yen 55,850 per tonne FAS for 5,000 tonnes, according to the auction organizer the Kanto Tetsugen, the alliance of scrap dealers around Tokyo. The runner-up bid came at Yen 55,840 per tonne FAS. It is expected that the shipments for scrap will be to , however, there was no immediate clarity on where the cargoes were heading, with mixed market chatter suggesting they were destined for or Vietnam, with the parcels expected to sail by the end of March.

https://steelbis.com/News/GetNews/81644 #

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