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| HDG levels improve by EUR 20-30 per tonne in Italy - 22 Feb, 2012 | ||
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HDG for profilers (0.55 mm thickness) is presently sold at EUR 680 per tonne to EUR 690 per tonne effective parity delivered. www.steelprices-europe.com is a comprehensive service for tracking real time steel prices and trends in both South and North Europe on weekly basis. The scope of service includes 1. Domestic pricing information in Germany, Italy and Spain 2. Import pricing information in Germany, Italy and Spain 3. Import levels at Antwerp and Turkey 4. Export levels from Turkey, Rotterdam, China, India and Black Sea How to subscribe 1. Register at www.steelprices-europe.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-europe.com. (Sourced from www.steelprices-europe.com) Tokyo Steel leaves steel price unchanged for March shipment Tokyo Steel Manufacturing announced that the firm left the sale price of all steel products unchanged for March 2012 contracts with domestic dealers. The firm maintains the prices unchanged for 2 months in a row. Mr Kiyoshi Imamura, senior sales director of Tokyo Steel, said that the market price upturned at overseas due to rising ferrous scrap market price and upbeat of Asian steel market while domestic steel supply is still surplus when steel makers are increasing outputs and sales before the end of Japanese major fiscal year in March 2012. Mr Imamura showed an expectation that weak yen rate helps operations of Japanese manufacturing industry as total. Domestic steel supply may tighten if export oriented companies intensify production activities. Mr Imamura indicated the firm might raise the sales price for April 2012 contracts. The firm plans monthly output at 220,000 tonnes in February 2012. By items, the planned production is 70,000 tonnes for H beam, 90,000 tonnes for hot rolled coil and 35,000 tonnes for steel plate. The firm continues output adjustment along with the actual demand level. The firm also didn't change the sales price for general contractors at JPY 74,000 per tonne for H beam, JPY 57,000 for rebar and JPY 66,000 for steel plate. Steel market price in Asia rose by USD 50 to USD 60 per tonne from January. Japanese, Chinese and South Korean steel makers raised the sales prices. Japanese steel export is expected to recover since yen rate has slightly weakened along with additional credit ease by Bank of Japan. Domestic steel demand has gradually improved due to earthquake disaster reconstructions or increased large building projects around Tokyo. Tokyo Steel views domestic steel supply would tighten rapidly. (Sourced from www.japanmetalbulletin.com) | ||
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