Global Steel price surge to continue

Published: Dec 7, 2016 13:20

Save

Global flat steel product selling figures have been on an upward trend throughout 2016, according to MEPS research.

UNITED KINGDOM December 07 2016 9:36 AM

LONDON (Scrap Register): Global flat steel product selling figures have been on an upward trend throughout 2016, according to MEPS research.
Substantial hikes are anticipated when negotiations between mills and customers are concluded, in December.
Further strong gains are likely in the first quarter of 2017. Spot coking coal prices have more than tripled to top US$300 per tonne in recent months, while iron ore values are fluctuating in the US$70-80 per tonne range.
Due to the large rises in raw material expenditure, steelmakers are making concerted efforts to lift their selling figures.
With competitively-priced imports unavailable in many Western nations, buyers are liked to accept the higher prices tabled by their local steel producers in order to secure sufficient material.

flat steel steel prices coking coal prices iron ore

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Shuangli Mining Launches Upgraded Iron Mine, Aiming for 870,000 MT Annual Iron Ore Output

Recently, Inner Mongolia Shuangli Mining Co., Ltd. (hereinafter referred to as "Shuangli Mining") held the completion and trial production ceremony for the upgrading and capacity expansion project of the mining and beneficiation system at the No. 2 Iron Mine in the Geqi mining area.Once the project reaches full production, it will produce 870,000 mt of iron ore concentrates, 9,580 mt of copper concentrates, 5,432 mt of lead concentrates, and 2,052 mt of zinc concentrates annually, injecting new momentum into Shuangli Mining's green and high-quality development.

3 hours ago

Mar 24, 2026 17:21

East China Special Steel's Ferromolybdenum Tender Price Fell, Procuring 120 mt

[Molybdenum-Iron Tender Information] SMM, March 24: It is reported that on March 23, a special steel group in east China announced the tender price for a new round of ferromolybdenum procurement, with the tax-inclusive plant-delivered acceptance-settled price at 277,500 yuan/mt, down 2,000 yuan/mt from the tender price on March 18. The public tender purchase volume was 120 mt (bid volume), while the actual total purchase volume remained to be determined.

Mar 24, 2026 17:21

Mar 18, 2026 16:56

[SMM Hot-Rolled Coil Daily Transactions] Spot Transactions Weakened Somewhat

[SMM Daily Hot-Rolled Coil Trading] On March 18, the total daily trading volume of hot-rolled coil among SMM sample enterprises in four cities (Shanghai, Lecong, Tianjin, and Ningbo) was 14,430 mt, down 640 mt day on day, or 4.2%, with up 14.43% YoY on a calendar basis and down 26.56% YoY on a lunar calendar basis.

Mar 18, 2026 16:56