Dec 19 2020, 12:41 PM Dec 19 2020, 1:47 PM December 19 2020, 12:41 PM December 19 2020, 1:47 PM (Bloomberg) --The recent speculation-driven surge in the value of iron ore is unsustainable and the trend will be reversed when the market settles, a senior executive at China’s top industry body said. In some cases, the prices depend on the item the metal comes from. Updated 12/20/2020. Daily Steel Prices provide highest, lowest and average price levels of major global products, as well as weekly and monthly changes. In July 2020, Chinese steel prices were rebounding (see Chart-1 green line) to pre-Covid-19 levels. STEELBENCHMARKER PRICES December 14, 2020 dollars per metric tonne (net ton) [gross ton] {Euros} Region: USA, East of the Mississippi Hot-rolled band: 947 (859) Cold-rolled coil: 1085 (984) Standard plate: 868 (787) #1 Heavy melting scrap: 327 [332] Shredded scrap*: 361 [367] #1 Busheling scrap: 372 [378] Region: Mainland China*** Hot-rolled band: 578 Cold-rolled coil: 714 Rebar: 522 … Prices for key steel-making raw materials 22 Figure 7. Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Iron and Steel (WPU101) from Jan 1926 to Nov 2020 about iron, steel, metals, commodities, PPI, inflation, price index, price, indexes, and USA. Spot Metal Prices on Dec 17, 2020. After the drop registered in Q2 2020, prices of steel have recovered across the world. This can help our customers see how the prices have recently changed with the scrap market. Steel prices. Published every Wednesday and based on a robust and transparent methodology, steel buyers and sellers know they can rely on CRU for an accurate benchmark. 2020 World Steel in Figures. Chart. The mill was designed to make advanced high strength steel (AHSS) used by the automotive industry, as well as high-end electrical steels, which bring higher-than-average selling prices… Please note that tables and rates are based on our daily price updates and metals not updated on a particular date will not be shown. 20/12/2020: Steel Wire: £2.43: £2430: 20/12/2020: Scrap steel prices in the UK are often quite strong throughout the year and across the entirety of the country. Steel prices were on an upward trajectory entering the fourth quarter of the year. Covid-19: Business continuity plans for CRU Prices Metallics. Aluminum cans may only cost $0.33 a pound, while aluminum wheels may fetch up to $0.50 a pound. "Projected hrc steel prices worldwide between 2018 and 2020 (in U.S. dollars per metric ton)." MEIS 2020: Global steel prices will correct in H1 2021, Al Ghurair Iron & Steel says Global steel prices - which have been surging in recent weeks - will experience some correction in the first half of 2021, according to United Arab Emirates-based galvanized coil producer Al Ghurair Iron & Steel. Joe Deaux. Initially, the push for price rise for finished steel products came from the global price growth observed in major raw materials’ prices of iron ore and coking coal. Steel price for flat products, by region (latest 1 February 2020) 20 Figure 4. Independently researched benchmark steel prices and indices, covering all major carbon and stainless steel products. You can also see the recent 30-day average price for steel which can help to compare to today’s price for steel. Read full article. TURKEY FLAT STEEL WRAP: All prices increase in November, demand strong Bursa Dec 2, 2020 @ 20:28 Turkish flat steel exports down 4.73% year on year in October The decline in global steel demand in the first half of 2020 is predictable but perhaps more painful as it came after slower than expected growth in 2019 due to the continuing manufacturing recession in the developed countries. JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 88446.10 Crore) operating in Metals - Ferrous sector. Revenue increased sharply in 2018 due to higher steel prices but saw a drop in 2019. Steel is the most recycled material in the world, and … Steel (Europe) Price Outlook European steel prices rose over the past month, as strong industrial production in China in Q3 and healthy PMI data in October more than offset downside pressures stemming from renewed restrictions in the EU. All subscription rates are for a single-user licence. World Stainless Steel Prices are computed from an arithmetic average of the low transaction values identified in three regions (EU, Asia and North America), converted into US dollars using currency exchange rates effective at the start of each month to provide a basis for comparison. Multi-user licences are also available. Session 2: Steel & steel raw materials price outlook. DBS Group Research. Statista. In the physical market at Mandi Gobindgarh in Punjab, steel prices opened at Rs 32,400 a tonne and traded in the range of Rs 32,500- 32,600 a tonne on Thursday. What can we expect in 2021 and beyond? Scrap Yards Are NOT Held To These Prices. Prices in this section are continually updated in line with the very latest changes reported in the market. Meanwhile, US prices (the blue line below) languished to such an extent that the ratio of the US hot-rolled coil (HRC) steel price to China’s HRC steel prices fell to 78%. Steel Price Hikes Signal More Supply Squeeze than Demand Surge By . 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