The China's market experienced a general decline on July 31, 2023 due to the sluggish manufacturing sector in China and ongoing concerns about steel demand. This decrease was also reflected in the prices.
Iron ore (62%): Iron ore prices have fluctuated in the last 10 days. The positive effect of the incentives made by the government was reflected in the price increase. It peaked at 128 USD on July 26-27 and dropped to a low of 123 USD on July 31.
Scrap (6 mm): Scrap prices reached their highest level at 386 USD on 27 July in the last 10 days, and decreased to 382 USD on 28-31 July.
Billet: Billet prices showed a gradual increase in the last 10 days until July 28, while its decreased on July 28-31.
Rebar (012-32 mm): Rebar prices have been fluctuating in the last 10 days in line with the fluctuating course of the Chinese currency, the yuan. Rebar price, which decreased from 521 to 518 USD on 28 July, was recorded as 519 USD on 31 July.
Comments
No comment yet.