The iron ore spot price has rebounded to US$125/ton, hitting the record high during the past eighteen months after Chinese steel producers have returned to purchase from Chinese New Year holiday, as reported by www.yieh.com Meanwhile, it’s reported that Indian 63% iron ore price increased by US$10/ton to US$140~142/ton from price of previous month.
China scrap PVC market weekly review (Feb.22nd-26th) – Worldscrap- Propped by the resources, this week the price of PVC raised and the state of its market was steady. The demand for the market had not been fully released and still in the low state. At present, many factories were at rest and the number of […] ↓ Read the rest of this entry…
WORLD AVERAGE STAINLESS STEEL PRICES – LATEST FORECASTS FROM MEPS Our forecasts are little changed from January. Rising raw material costs are expected to push world stainless steel selling figures higher in the short term, with increases predicted in all three regions. US and EU mills will attempt to implement basis hikes over the next […] ↓ Read the rest of this entry…
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