China’s steel export prices fell, Brazil pig iron exports continued to decline 2024.9.

Hot spot tracking

Affected by the decline in futures and raw materials, steel export prices fell, including hot-rolled coil and medium plate fell by $19 / ton and $15 / ton, respectively. Rebar and cold-rolled coil were reduced by $2 / ton and $6 / ton, respectively.

 

In terms of international prices, the price of hot coil imported from the EU factory and Southeast Asia fell significantly, at about 15-18 US dollars/ton, and the price of rebar imported from Hong Kong, China also fell, but the price of scrap steel and rebar imported from Turkey was basically stable, and the price of cold rolled coil exported from CIS also remained stable.

 

Specific combination of data and individual countries, the recent Brazilian Ministry of Development, Industry, Commerce and Services latest data announced that Brazil’s commercial pig iron exports in August fell 36.8% year-on-year to 270,100 tons. The month-on-month decline was 23.7 per cent. Year-to-date, Brazil’s eight-month commercial pig iron exports totaled 2.4 million tons, down 5.5% from 2023. According to Mysteel, the main buyers of the materials are the United States, the Netherlands and Mexico, and they are exported through the ports of Rio de Janeiro, Victoria and SAN Luis.

Variety	Port	9.9	Week-on-week
Hot rolled coil	Tianjin Port	453	-19
Cold rolled coil	Tianjin Port	538	-6
HDP DX51D	Tianjin Port	625	-6
Medium and thick plates	Tianjin Port	460	-15
Rebar	Zhangjiagang	473	-2
High Line	Zhangjiagang	473	-2
H-beam	Tianjin Port	475	-3

 

 

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