June 2018

STEEL WEEK IN BRIEF: High coking coal prices, European alloy steel surcharges rise again, more Section 232 analysis…

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

EUROPE STAINLESS STEEL: Base prices unchanged despite sharp rise in alloy steel surcharges

European stainless steel base prices were unchanged for the fourth week running on Friday June 29 despite a sharp rise in alloy surcharges for July.

China’s stainless steel prices, demand flat

China’s domestic stainless steel prices were unchanged over the past week amid weak but stable demand.

EUROPE ALLOY STEEL SURCHARGE: July values hit seven-year high on nickel costs

European alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month on an increase in nickel costs to reach their highest level since June 2011.

Steel mills encouraged to go digital - ASSF 2018

Steelmakers around the world can improve their plant performance, safety and product quality by further digitizing their processes, delegates at the Asian Stainless Steel Forum 2018 heard on Thursday June 28.

East Asian stainless steel market flat on inactivity

East Asia’s stainless steel prices held steady over the past week amid an illiquid spot market.

ASIAN MORNING BRIEF 28/06: Tin prices tumble by more than 2% on LME; trade tensions continue to pressure Comex copper; US copper premium holds steady this week

The latest news and price moves to start the Asian day on Thursday June 28.

Stainless steel distributors navigate challenging market - panelists at ASSF 2018

Service centers that process and distribute stainless steel to end-users are currently facing numerous constraints including eroded margins and increased competition, industry participants said at a Shanghai conference on Wednesday June 27.

China stainless steel capacity to reach 45 mln tpy by 2020, forum told

China’s crude stainless steel capacity is expected to increase by 7.5 million tonnes per year to 44-45 million tpy by 2020, although there is some pessimism about mills’ utilization rates, according to Zhang Zhifang, chairman of Chinese producer Taiyuan Iron & Steel.

European ferro-chrome benchmark slips to $1.38/lb for Q3

The European charge and high carbon ferro-chrome benchmark has settled at $1.38 per lb for the third quarter of 2018.