August 2018

STEEL WEEK IN BRIEF: Trump grants limited 232 exemptions, Turkish mills resume scrap bookings

Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 31.

EUROPE STAINLESS STEEL: Base prices steady despite lower September surcharges

Base prices for flat and long stainless steel products in Europe were unchanged in the week ended Friday August 31 despite the fact that alloy surcharges were likely to go down in September.

SSAB shuts down Oxelösund blast furnace for unplanned repairs

Swedish steelmaker SSAB has decided temporarily to shut down blast-furnace operations at its special steel mill in Oxelösund, Sweden, the company said on Thursday August 30.

EUROPE ALLOY STEEL SURCHARGE: September surcharges fall further on weakening nickel

European alloy surcharges for stainless steel products have fallen for the second consecutive month on the back of falling nickel prices.

China AM: Coke futures tumble during early trading

China’s coke future tumbled during morning trading on Thursday August 30, while the other ferrous contracts ended the session little changed from their opening prices.

East Asian stainless steel market quiet on weak demand

Import prices for stainless steel in East Asia remained largely stable over the past week amid limited trading, low demand and a softening nickel market.

China’s stainless steel prices rise, but demand still weak

China’s domestic stainless steel prices moved up slightly over the past week although demand remained soft.

Molybdenum market price spreads widen on slow trading

Price spreads widened in the European molybdenum markets in the middle of the week that began on Monday August 27, after easing the week before, sources told Metal Bulletin this week.

GLOBAL FERRO-SILICON WRAP: Chinese domestic prices edge up on emerging buying interest; EU, US markets stagnant

Chinese domestic ferro-silicon prices rose on increased buying interest in the week to Friday August 24, while European and US markets remained stagnant amid a lack of consumer interest.

US keeps duties on stainless bar from India

The US International Trade Commission (ITC) has voted to extend anti-dumping duties on stainless steel bar from India.