February 2018

Gerdau sees better steel demand in Brazilian industrial, automotive sectors

Brazil-based steel group Gerdau is confident about a recovery in steel demand in the country, mainly from the industrial and automotive industries.

TITANIUM SNAPSHOT: Alloy, scrap markets steady; awaiting steel mill tenders for price direction

Key data from the Wednesday February 28 pricing session in Europe.

GLOBAL VANADIUM WRAP: China market in post-holiday lull; EU, US supply tightness continues to drive prices

The Chinese vanadium market remained sluggish after the Lunar New Year holiday came to an end last week, but the European and US markets continued to strengthen amid supply concerns.

GLOBAL FERRO-SILICON WRAP: Chinese market holds amid low level trading activity; Europe, US steady ahead of quarterly settlement negotiations

Chinese ferro-silicon prices were unchanged on Friday February 23, with suppliers awaiting the return of consumers after the Lunar New Year holiday, while the European and US markets are pausing for quarterly delivery talks to discover the state of availability and demand in the next few months.

GLOBAL CHROME WRAP: Prices hold in China; sentiment improves amid steel sector strength

China’s ferro-chrome market was stable just after Lunar New Year, while market participants predicted prices will rise in the coming week as a result of the country’s strengthening stainless sector.

China’s stainless flat steel exports rise 29% in January

China’s stainless flat steel exports rose sharply in January amid lower prices.

EUROPE STAINLESS STEEL: Base prices largely stable amid low demand

The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has widened upward by €10 per tonne over the past week, despite poor demand and continued import pressure, sources told Metal Bulletin on Friday February 23.

NORTH AMERICAN MORNING BRIEF 23/02: LME base metals dip; SHFE stocks higher; Rusal 2017 earnings up

Good morning from Metal Bulletin’s London office, bringing you the latest news and pricing stories on Friday February 23.

Inactivity raises supply pressures in China's domestic stainless steel market

There was little activity in China’s domestic stainless steel market over the past week due to the Chinese New Year, which has resulted in supply pressures increasing.

Molybdic oxide, ferro-molybdenum prices higher on renewed trading activity

Spot prices for European molybdic oxide and ferro-molybdenum have increased so far this week despite the absence of China, with most market sentiment suggesting further gains in the near term, sources told Metal Bulletin.