March 2018

China’s domestic stainless steel prices edge lower amid weak trading

China’s domestic stainless steel prices widened downward slightly over the past week amid sparse trading activity.

STEEL WEEK IN BRIEF: Falling raw materials prices, EU safeguard probe, China's Cisa conference...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

EUROPE STAINLESS STEEL: Base prices stable amid high stockholder competition

The base price assessments for flat and long stainless steel products in Europe remained stable this week amid strong competition between stockholders, sources told Metal Bulletin on Thursday March 29.

China AM: Ferrous futures rise for third morning in a row

China’s ferrous futures experienced a third morning of gains on Thursday March 29 after big losses toward the end of last week after both the country and the United States announced fresh tariffs against each other’s products.

East Asian stainless steel prices slump further on quieter market, cheaper nickel

Persistently low buying interest in East Asia, inventory pressures in China, and falling nickel prices continued to push down the region’s stainless steel market over the past week.

ASIAN FERRO-ALLOYS CONF: Ten key things we learned at the annual event

Metal Bulletin has gathered some of the major talking points from its 19th Asian Ferro-Alloys conference in Hong Kong on March 20-22.

EUROPE ALLOY STEEL SURCHARGE: April values rise on higher nickel costs

European alloy surcharges for April deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen amid further increases in nickel costs, making it the third consecutive month with a rise in the surcharge.

Eurofer calls for swift decision in EU trade case into 26 steel products

European steel association Eurofer has called for a quick decision in the region’s safeguard case investigating imported steel, it said on Tuesday March 27.

GLOBAL FERRO-SILICON WRAP: Chinese prices drop; Europe, US assessments ease while suppliers look for business

Price losses have deepened in the Chinese ferro-silicon spot market as restarted production increasingly weighs on supplier sentiment, although demand from the magnesium market is giving some support.

EC starts safeguard investigation into 26 steel products

The European Commission (EC) launched a safeguard investigation on Monday March 26 into 26 steel product types in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU market.