Weekly steel price index - 20241123
Steel NewsDate: 25-11-2024 by: Ngoc Cam
The Weekly Steel Price Index 20241123 report by MRS Steel highlights significant trends and developments shaping the global steel market this week.
With fluctuations driven by anti-dumping measures, tariff adjustments, and evolving supply-demand dynamics, the report provides a detailed overview of key players, price changes and strategic advantages. Dive into this comprehensive analysis to stay informed about the latest movements in the steel industry.
Exporting Country | Product | Importing Country | Price (USD/MT) | Trade & Shipment Term |
Indonesia | Wire rod | Thai Lan | 515 | CFR Thai Lan – Jan shipment |
China | Wire rod ad boron | Thai Lan | 495-498 | CFR Thai Lan – Jan shipment |
Malaysia | Wire rod | Thai Lan | 515-520 | CFR Thai Lan – Jan shipment |
China | Wire rod | Manila | 480-485 | CFR Manila – Jan shipment |
India | HRC IS2062/E250 BR grade | Domestic | 568-585 | EXW Mumbai |
China | HRC commercial grades | India | 515-520 | CFR Indian ports |
Turkey | HRC | Domestic | 580-610 | EXW Turkey – Dec/Jan shipment |
China | Q195 2nd tier mills | Turkey | 515-525 | CFR Turkey – Jan shipment |
Russia | HRC 1.9-4mm | Turkey | 535 | CFR Turkey – Jan shipment |
India | HRC SAE1006 re-rolling | GCC | 565 | CFR GCC port – early Jan shipment |
Japan | HRC S235JR | GCC | 560-565 | CFR GCC port – Jan shipment |
EU | HRC | Domestic | 625-645 | EXW Germany – Jan shipment |
US | HRC | Domestic | 750 | EXW US – Dec/Jan shipment |
Mexico | HRC | Domestic | 734 | Delivered price |
Impacted by trade defense measures and global supply chain disruptions, steel prices in November 2024 showed a slight upward trend. However, Vietna's competitive edge in tariffs and product quality ensures that its steel remains highly competitive in the international market.
- Turkey: Implemented preliminary anti-dumping duties on hot-rolled coil (HRC) imports from China, India, Russia and Japan, with duties ranging from 4.7% to 57.75%, depending on the exporting country and company.
- EU: Enforced anti-dumping measures on HRC imports from Egypt, Japan, India, with dumping margins between 5% and 40%, and injury elimination duties reaching up to 34.7%.
- United States: Requires steel imports from Mexico to be melted and poured in Mexico, Canada or the U.S. to qualify for Section 232 exemptions. This policy imposes a 25% tariff on steel originating from outside North America that is transshipped through Mexico.
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