April 2018

Spain's Acerinox reports 39% fall in Q1 earnings

Spanish stainless steel producer Acerinox reported a 39% year-on-year decrease in earnings in the first quarter of 2018 in a financial statement published on Friday April 27.

GLOBAL FERRO-SILICON WRAP: China market bounces on supply fears; Europe, US prices drop

The Chinese ferro-silicon market has rebounded in the week to Friday April 27, ending a steady run of losses since early March, because of supply worries and renewed buying from traders; prices in Europe and the US have gone the other way, however, due to slack demand for alloy on a prompt basis.

EUROPE STAINLESS STEEL: Base prices stable in quiet market

Both flat and long stainless steel products’ prices in Europe have remained unchanged over the past week amid continued low market activity, sources told Metal Bulletin on Friday April 27.

EUROPE ALLOY STEEL SURCHARGE: May values continue rise on higher nickel costs

European alloy steel surcharges for May deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the fourth consecutive month on an increase in nickel costs.

Turkey starts investigation into steel imports

The Turkish ministry of economy has started an investigation into the impact of steel imports on the country's domestic steelmaking industry, it said on Friday, April 27.

China’s domestic stainless steel prices narrow amid mixed outlook

China’s domestic stainless steel prices narrowed over the past week amid a mixed outlook for the market.

Outokumpu expects good stainless steel demand in Q2

Underlying demand for stainless steel will remain solid in both Europe and the United States in the second quarter of 2018, Finnish stainless steelmaker Outokumpu said.

COMMENT: Section 232 promises more pain than gain for AISI 4130 chrome moly prices

Losses in job and output terms in metals-consuming sectors in the United States in the fallout from the Section 232 probe threaten to outweigh any benefits to domestic metal-producing industries from the tariffs the US government subsequently introduced.

China AM: Ferrous futures stable amid subdued steel market

China’s ferrous futures were largely stable during morning trading on Thursday April 26 following a subdued steel market a day earlier.

East Asian stainless steel market rises further on robust nickel prices

East Asia’s stainless steel market continued to strengthen despite persistently soft regional demand due to nickel prices remaining at high levels.