9,347.17 TL BIST 100 BIST 100
4.34 CNY CNY CNY
31.06 $ USD USD
€33.62 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Chinese steel traders do not want to stock up

Chinese traders are not taking stock, as steel demand is forecast to be low in the short term.

Chinese steel traders do not want to stock up

According to steel traders, China's market participants did not want to stock up as steel market prices were high. Although rebar futures and spot prices have increased significantly since November, prices are still at their lowest level in the last two years.

Also, the rising raw material price range was higher than the rising steel prices. Therefore, the profits of the steelmakers increased little.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Metinvest's 2023 steel production declined

Sunday, February 25, 2024

Minister Özhaseki warns about "carbon footprint"

Sunday, February 25, 2024

Japan to provide $4.86 billion in incentives for chip

Sunday, February 25, 2024

Uncertainty prevails in the East Asian steel market

Saturday, February 24, 2024

South Korea increased its crude steel production in January

Saturday, February 24, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now