December 2016

China AM: Futures soft amid physical dips

China’s steel and iron ore futures by and large retreated during morning trading on the last trading day of 2016, amid a soft physical market.

East Asia's stainless steel prices follow China's domestic market lower

East Asia’s stainless steel prices have fallen further during the past week following the drops in China's domestic market.

China’s stainless steel prices continue to fall on increased selling interest

Domestic stainless steel prices in China fell further during the past week due to increased selling interest from stockists amid weak demand.

EU stainless surcharges for January rise on nickel price jump

Alloy surcharges for January’s output of grade-304 cold rolled (CR) flat stainless steel in Europe rose by €157-193 ($164-202) per tonne month-on-month, after an increase in the average nickel and chrome price.

HIGHLIGHTS: 2016 reviews, China spot prices down, China's billet export tax cut...

Latin America editor Ana Paula Camargo reviews the main global steel market news covered by Metal Bulletin over the past week.

EU stainless steel base prices steady in seasonal slowdown

European stainless steel base prices were unchanged this week, as market activity slowed down ahead of the Christmas break, sources said on Friday December 23.

East Asian stainless steel prices fall amid weak demand, drop in Chinese market

East Asia’s stainless steel prices have moved lower during the past week due to the price drop in China's domestic market and weak demand.

Acerinox board approves $52m savings plan for 2017-2018

The board of Spanish stainless steelmaker Acerinox has approved a plan to make savings worth €50 million ($52.06 million) in 2017-2018, the company said on Thursday December 22.

2016 REVIEW: Producers caught out by shock manganese ore price rally

When manganese ore producers reluctantly cut large swathes of production a year ago, amid crippling price drops, they were oblivious to the nascent rally that would take ore prices to more than five times the value they had at the start of 2016.

China’s stainless flats exports rise in November

China’s stainless flat steel exports rose year-on-year in November, while shipments also increased sharply from October.