Key events of the outgoing week in the steel market

The past week was marked by several iconic events in the world metallurgical industry: Russia reduced export of metal products, the main players worsened their indicators and again spoke about the oversaturation of the iron ore market. Against this background, the production of steel pipes of medium and large diameters has grown, in particular 200 mm pipes and pipes for the oil and gas industry.

Export of Russian ferrous metals is reduced

Why is this happening? Experts claim that this is due to the deterioration of the conjuncture in the importers of importers and therefore the level of Russian export of ferrous metals is slowly but reduced. Although it should be noted that with the emerging increase in prices on the global markets of the metal rolling, this is precisely what affects the reduction in the rates in the Russian market of these products.

Hyunday Steel raises reinforcement prices

According to Xieh. Corp.: South - Korean Metallurgical Company decided to increase domestic prices for the supply of reinforcement from August 14.

Voestalpine reduced profit by 4.3 percent

In the first quarter of this financial year, the Austria metallurgical company reduced the profit by 4.3 percent, compared with the same period last year (according to the concern).

France reduces the exports of steel by 11 percent

According to data from the French Ministry of Economics, Finance and Industry: from January to July 2013, the export of steel products and ferroalloys from France amounted to 4.8 billion. Euro, this is 11 percent less than in previous periods.

EZZ Steel noticeably reduces the prices of steel reinforcement

According to YIEH. Corp. It became known that the Egyptian metallurgical company Ezz Steel lowers the prices for reinforcement - for 200 Egyptian pounds/ton.

Metallurgists felt the sunset of "Moline zero" and the end of the raw material boom

“Rosbusinessconsulting”: Aluminum prices have fallen so much that OK Rusal decided to raise the issue of stopping for four years of its production at factories: Ural, Theological, Volgograd, Nosovoitsky and Volkhovsky, who, continuing to work, will bring only losses to the concern if the price of aluminum will not rise in the near future.