April 2018

ArcelorMittal CLN, Industeel acquire 91% of EU stainless, alloy steel distributor CSM

Italian flat steel distributor ArcelorMittal CLN Distribuzione Italia (AM CLN) and special steel producer Industeel last week acquired majority ownership of European stainless and alloy steel distributor Centro Servizi Metalli (CSM), AM CLN said on Monday April 9.

EUROPE STAINLESS STEEL: Base prices dip amid import, stock pressure

The base price assessments for flat stainless steel products in Europe narrowed downward by €20 per tonne this week due to pressure from cheap imports and high stock levels, sources told Metal Bulletin on Friday April 6.

Brazilian steel distributor Açotubo eyes 20% earnings rise in 2018

Brazilian tube, bar and stainless steel distributor Grupo Açotubo hopes to increase its revenues by 20% in 2018, benefiting from a rebound in the local industrial sector.

East Asian stainless steel prices maintain downtrend on low demand

Import prices for stainless steel in East Asia continued to soften over the past week due to thin buying interest and sellers trying to destock, even as market participants in Taiwan took a breather due to a string of public holidays on the island.

Major Chinese stainless steel mills cut April ferro-chrome tender prices

Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel have lowered their high carbon ferro-chrome tender prices month on month for April amid a sluggish stainless steel market.

US manganese alloy prices dip in quiet market conditions

The US high-carbon ferro-manganese market weakened on Thursday March 29, as latent spot market demand and ample supplies wore on pricing.

China’s domestic stainless steel prices down further in weak market

China’s domestic stainless steel prices fell again this week as high supply and weak demand continued to put pressure on the market.

Trade Log March 2018: Ferro-vanadium, vanadium pentoxide

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.

GLOBAL VANADIUM WRAP: Chinese export activity increases; European, US FeV markets continue to feel supply constraints

Chinese vanadium exporters experienced increased activity over the past week, while ferro-vanadium tightness continued to bolster prices in the United States and Europe.

GLOBAL FERRO-SILICON WRAP: Chinese prices continue to slide; weakness abroad pressures US market

Chinese ferro-silicon prices continued their downward trend over the past week, pressured by ample stocks and a negative outlook for the market due to weakness in the country’s steel sector.