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Seamless steel tube products will continue to be sideways movements around the world To estimate a obvious improvement, before the end of the market prices were mixed.In Taiwan, Ye xing carbon steel wire rod steel announced November listing price cut - 600 new Taiwan dollars (nt $300 / ton, aluminum calm wire and the steel wire listing price cut nt $600 / ton, respectively, in the blast furnace aluminum calm wire listing price cut nt $300 / ton.Toyooki down the price of steel also announced the small profile nt $300 / ton, but maintain the rebar flat base and scrap purchase price.In South Korea, with the increase of the recent infrastructure projects, the demand of the seamless steel tube order.In November for this purpose, the south Korean modern iron and steel company decided to maintain domestic h-beam prices basically stable, primary specification quotation in 810000 won/ton (us $767 / ton).In addition, the south Korean h-beam imports increased sharply recently.Landed in October Korean association estimates from China and other regions of imported resources about 80000 tons, compared with only 39200 tons.But the personage inside course of study points out that imports surge is temporary increase, if the anti-dumping charges, the momentum of China's exports to South Korea h-beam will be curbed.In addition, due to the seamless tube factory in hebei during the APEC meeting production or limit production, Chinese steel mills recently raised the export rebar and wire rod quotation, at present to southeast Asia wire quote $450 - $460 / ton (CFR), by raising $10 - $15 / ton (CFR).
Citigroup will and the quarter of 2015 iron ore prices expected to cut: 1 quarter of iron ore next year average price down to $72 / ton, in the second quarter to $65 / ton, the third quarter to $60 / ton, the fourth quarter to $62 / ton.In 2015 and 2016 iron ore price forecast to $65 / ton.Some steel company reports its third-quarter earnings: AK steel corporation (AKSteel) 3 quarterly net loss of $7.2 million, more than 70% lower than last year's $31.7 million;Brazil gale way (GerdauSA) 3 quarter net profit fell 59% year on year, to 262 million reais ($105 million);Russia's Severstal steel company (Severstal) third quarter net loss of $45 million.Kobe steel (KobeSteel) half fiscal year net profit of 42.11 billion yen (370.6 million dollars), up 4% from a year earlier.First half of the seamless pipe market continue to run sideways.Months, 156.3 points of CRU total index down 0.2% y/y (convergence) decline.Among them: Asia index 150.8 points, up 0.5% y/y (turn down);The European average 151.2 points, down 1.1% y/y (losses);North America index by 175.4%, down 0.8% y/y (convergence) drop;Flat material index of 150.7, down 0.5% y/y (convergence) drop;Long products index 169.1 points, up 0.1% y/y (from fall to rise).CRU running situation display: since November, the global steel prices decline continues to slow down, seamless steel tube and Asia appear even weak rebound.But due to the global hong kong-listed the anticipation for this reason, the recent global hong kong-listed will continue sideways movements, before the end of the estimated difficult to have significant improvement.http://www.lctrgg.com
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