Steel prices today increased to 5,684 yuan / ton on the Shanghai Exchange. Crude steel output of mills in Turkey reached 19.7 million tons in the first half of 2021, 20.2% higher than the same period last year.
Steel prices increased slightly today
Steel prices today October 2021 delivery on the Shanghai Exchange increased by 9 yuan to 5,684 yuan/ton at the time of the survey at 10:15 am (Vietnam time).
|
Type name |
Period |
July 28 |
Difference from yesterday |
|
Copper price |
|
72.260 |
+250 |
|
Zinc price |
Delivered in September 2021 |
22.300 |
-235 |
|
Nickel price |
Delivered in September 2021 |
147.640 |
+1.000 |
|
Silver price |
Delivered in december 2021 |
5.253 |
-60 |
Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy
Turkey, Europe’s second largest steel producer, increased crude steel production to 3.4 million tons in June 2021, up 17.9 percent year-on-year and higher than the previous year. 3.2 million tons produced in May 2021.
Iron ore chart at Shanghai exchange (Source: Shfe)
According to the latest data of the World Steel Association, crude steel output of mills in Turkey reached 19.7 million tons in the first half of the year, 20.2% higher than the same period last year.
The Turkish Steel Manufacturers Association (TCUD) expects the country’s crude steel production to exceed 39 million tons this year, significantly higher than 35.8 million tons in 2020 during the pandemic. COVID-19 outbreak.
With an expected figure of 39 million tons, Turkey’s crude steel production in 2021 is considered to be the highest recorded in the country’s history.
Against the background of strong global demand coupled with the easing of the pandemic, this target is fully in line with the expected growth in 2021 in Turkish steel consumption and an increase in export production. .
At the same time, Turkish factories have also adjusted their steel export targets in 2021.
The Turkish Steel Exporters Union is aiming to exceed 23 million tons of export volume by 2021, about 2.5 million tons higher than the same period last year. Revenue from these export items is expected to reach 17.5 billion USD, up 40% over the same period last year.
Industry sources say that the new Turkish steel investments announced in recent months could take the country’s crude steel output past the 40 million tonnes mark in the coming years.
S&P Global Platts reported.
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