Weekly steel price index 2025/02/08
Steel NewsDate: 10-02-2025 by: Ngoc Cam
Stay updated with the Weekly Steel Price Index for 2025/02/08, brought to you by MRS Group.
This report covers key global steel market trends, pricing shifts and trade updates, giving you the essential information you need to make informed decisions.
Exporting Country | Product | Importing Country | Price (USD/MT) | Trade & Shipment Term |
Viet Nam | HRC | Viet Nam | 503 - 505 USD/MT | CFR Viet Nam – April shipment |
China | HRC Q195 (3mm base) | Viet Nam | 465 - 475 USD/MT | CFR Viet Nam – Mar/April shipment |
China | HRC Q235 | Viet Nam | 475 - 485 USD/MT | CFR Viet Nam – Mar/April shipment |
China | SAE1006 (50% 2mm) | Viet Nam | 490 USD/MT | CFR Viet Nam – Mar shipment |
China | SAE1006 (50% 2mm) | Viet Nam | 485 - 490 USD/MT | CFR Viet Nam – Mar/April shipment |
Germany | HRC | EU | 630 - 640 EUR/MT (650 - 661 USD/MT) | Mar/April shipment |
Italy | HRC | EU | 600 - 610 EUR/MT (619 - 630 USD/MT) | Mar/April shipment |
Turkey | HRC | EU | 590 EUR/MT (609 USD/MT) | CFR FO EU main port – April shipment |
US | HRC | US | 800 USD/Short ton (881 USD/MT) | EXW – Mar/April shipment |
Mexico | HRC | Mexico | 660 - 710 USD/MT | Delivered price – EXW |
Viet Nam | HRC | Viet Nam | HPDQ closed offer | Export |
Strengthening anti-dumping measures
The European Union has launched an anti-dumping investigation on hot-rolled steel imports from Egypt, India, Japan and Vietnam. This investigation aims to protect the domestic steel industry from unfairly priced steel imports.
Many Asian countries, including Japan, Turkey, and South Africa, have implemented over 40 new anti-dumping measures in 2024, mainly targeting steel products from China. This has led to a shift in steel flows to markets like Africa and the Middle East, putting pressure on prices and market stability in these regions.
Impact of US trade policy
The Trump administration in the United States announced a 25% tariff on all imported steel and aluminum. This decision could affect global steel prices, especially for major steel exporters like China and Japan. However, the implementation of tariffs may lead to retaliation from other countries, creating trade tensions and impacting global supply chains.
Global steel market outlook:
Forecasts for 2025 indicate that the global steel market will continue to face challenges, including price volatility, pressure from trade protection measures and changing steel demand. Analysts recommend that businesses in the steel industry remain flexible and be prepared to respond to these fluctuations.
These insights provide an overview of the global steel market, particularly regarding prices and anti-dumping measures. Understanding these factors will help businesses and investors make strategic decisions in the current market context.
* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.
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