Turkey raised screw and wire import duties

Turkey raised screw and wire import taxes, carbon thread and wire respectively from 15% and 12% increase to 30% 40%, boron wire from 3% to 40%. Take effect on October 18, 2014. The tax is applicable to all steel imports, Turkey, and Turkey have a customs union agreement of the European Union and free trade agreements with the Turkish state.

Foreign media said China's steel export disrupt global markets

According to the financial times reported on October 21, according to Chinese customs data, China iron and steel products export in September of 8.52 million tons, up 73% from a year earlier. Due to China's domestic demand is slowing, increasingly strict environmental regulations, efforts to increase exports to China's steel enterprises out of trouble.

Turkey's hot coil export price slightly lower

Last week, the Turkish hot roll export price edged down about 5 dollars/tons, to 575-585 dollars/ton (FOB), mainly because of the international market competition is intense, Turkey resources do not have price advantage, and traditional export market demand is weak, such as Europe and the United States market. In addition, the Turkish domestic hot roll factory price of $585 to $595 / ton, about a discount of $5 / ton, the price of $580 to $590 / ton.

Iran's steel output is expected to surge

he steel prices fell by 0.5% last week

Steel unite message information, monitoring according to the ministry of commerce, last week (September 15 to 21) 36 large and medium-sized cities across the country edible agricultural products market prices rose slightly, circulation of production prices continue to fall. The steel prices fell by 0.5%, the plain round steel, hot rolled strip, hot rolled sheet prices fell by 0.9%, 0.8% and 0.7%, respectively.

European stainless steel plate price keep stable

European stainless steel inventories are still high, the stainless steel prices remain stable. 304 is a 2 mm manufacture price of 1100-1150 euros/ton (1411-1475 dollars/ton), 10-11 to produce resources; 316 is a 2 mm manufacture price of 1400-1460 euros/ton, 10-11 to produce resources; 304 series stainless steel bright bar prices also maintain steady in 920-960 euros/ton.