June 2014

US stainless steel base price push drawing flak

US stainless mills appear to be pushing to change decade-old published base prices, a sign of market strength, but the move has some distributors up in arms.

European domestic stainless steel grade-304 index falls $4

Steel First’s grade-304 stainless steel European raw materials index was down by $4.22 week-on-week on Monday June 30.

First settlements flat for EU stainless base prices for September

The first domestic base price settlements on September-production grades 304 and 316 cold rolled stainless steel sheet in Europe showed little or no change from those for August, Steel First has heard.

EU July stainless steel surcharges diverge as FeMo prices rise

Stainless steel monthly alloy surcharges in Europe have shown diverging trends, with grade-316 prices pushed up by stronger ferro-molybdenum prices, data from the biggest producers showed on Monday June 30.

Japanese iron, steel exports slide for 9th straight month in May

Japanese iron and steel exports retreated for a ninth straight month in May, dropping by 4% from the corresponding period a year earlier to 3.52 million tonnes.

Ruukki expands presence in the Middle East

Finnish steelmaker Rautaruukkii (Ruukki) is expanding its presence in the Middle East by opening a sales office in Dubai in the United Arab Emirates, the company said on Friday June 27.

Europe cashes in on cheaper East Asian stainless prices in buying flurry

East Asian stainless steel prices eased this week, as Chinese participants lowered offers to secure sales at the month end, while bookings from Europe remained strong amid the attractive prices.

Chinese, Taiwanese exporters worried EC investigation will lead to anti-dumping duties

Stainless steel exporters in China and Taiwan are worried the European Commission’s investigation into possible dumping of cold rolled stainless steel flat products by the two countries will lead to duties being imposed, market sources told Steel First on Friday June 26.

EC launches trade case on CR stainless from China, Taiwan

The European Commission has launched an investigation into cold-rolled (CR) stainless steel imported into the European Union from China and Taiwan, the European steel association Eurofer said on Thursday June 26.