April 2017

STEEL WEEK IN BRIEF: Quarterly coal still not settled, steel prices up in China, Q1 results...

Metal Bulletin reviews the major stories affecting the steel market this week.

Australia extends dumping-probe deadlines into Asian galvanized steel, Chinese alloy steel bar

The Australian Anti-Dumping Commission (AADC) has extended the deadlines of two anti-dumping investigations – one into galvanized steel and the other into alloy steel round bar.

Japan's Kobe Steel sees operating income plunge in year to March 31

Japanese steelmaker Kobe Steel saw its consolidated operating income drop by 85.76% year-on-year in its business year ending March 31 2017, the company said on Friday April 28.

EU flat stainless steel base prices to drop by $11-22 per tonne next week

European stainless steel base prices are expected to fall by €10-20 ($11-22) per tonne next week, to coincide with a drop in May’s alloy surcharges, sources said on Friday April 28.

EU stainless surcharges for May fall sharply on FeCr benchmark drop

Alloy surcharges in Europe for May deliveries of grade-304 cold rolled (CR) stainless steel sheet have fallen by €102-119 ($111-130) per tonne month-on-month, Metal Bulletin has heard.

China’s stainless steel prices keep downward trend on weak demand, nickel

China’s domestic stainless steel prices fell for a third week amid continued weak demand and the sharp drop in nickel prices.

Outokumpu Q1 2017 earnings soar on FeCr price jump, efficiency gains

Finnish stainless steel producer Outokumpu reported a 571.74% year-on-year jump in earnings for the first quarter of 2017 on Thursday April 27.

Outokumpu reduces FeCr output to 60-70% of capacity after furnace problem

Finnish stainless steelmaker Outokumpu has temporarily reduced production output at its ferro-chrome smelter in Tornio, northern Finland, to 60-70% of full capacity, it said on Thursday April 27.

Spain's Acerinox sees Q1 earnings jump almost five-fold on raw materials price boost

Spanish stainless steel producer Acerinox reported an almost five-fold rise in first quarter earnings, year-on-year, it said on Thursday April 27.

China AM: Futures rangebound after early-week gains

China’s ferrous futures saw little change during morning trading on Thursday April 27 after two consecutive days of gains in the early session.