China exceeded 50 percent of EU quotas last week. The rate is increasing this week and the rapid filling of quotas is continuing. The mobility experienced in China and the increase in production are accelerating steel prices in the global market.
As China, which ranks first in world steel production, gains momentum because it is the strongest player in the markets, the balances in prices continue their upward course.
According to the research conducted by the SteelRadar reporter from China's national statistical units, the quotas in the EU quotas for seamless-seamed pipe and light section groups were filled.
Cold drawn rod and unalloyed steel wire were progressing slowly. While 'Unalloyed Steel Wire' was worth 23,278/t last week, the total quota used this week was 29,141/t. In Cold Drawn bar (alloy-unalloyed), the quota used this week was recorded as 11,842/t
The usage rates of the new week in other product groups are as follows;
Last week, the total quota of 4B Metallic Coated Sheets was 131.248/t and the remaining quota was 78.097/t. The quota used this week reached 68.890 / t and the remaining quota amount was 62.358/t.
While the stainless HR Quarto Plate was announced as 7.304/t, only 283/t of it was used. This week, the total usage increased to 596/t and the remaining quota capacity decreased to 6,708/t.
On the other hand, the remaining quota amount in wire rod was seen as 928/t this week. More than 70 percent of the wire rod quotas have been filled.
319/t usable quota remained from 1,417/t quota in Railway Materials.
Fifty percent of the announced quota of 1,057 /t for stainless (welded pipe) was filled and the remaining usage was 504 /t.
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