December 2012

Turkish mills book more scrap from the USA

Turkish mills have booked two scrap cargoes from US sources.

Turkish long steel prices advance on costlier scrap

Turkish long steel prices continued to increase on the back of strengthening imported scrap prices.

Outokumpu announces board changes following Inoxum merger

Stainless steel company Outokumpu has announced board changes as part of the completion of its merger with ThyssenKrupp’s Inoxum, the company said on Friday December 28.

Merged Outokumpu-Inoxum to begin operations on Dec 29

The merger between ThyssenKrupp’s stainless steel subsidiary Inoxum and Finnish stainless producer Outokumpu has been completed, both companies confirmed on Friday December 28.

CSC to issue domestic corporate bonds worth up to NT$20 billion

Taiwan's largest steelmaker China Steel Corp (CSC) will issue domestic corporate bonds worth up to NT$20 billion ($689.4 million) before the end of 2013.

IRON ORE DERIVATIVES WRAP: OTC prices edge back up

The iron ore swaps market saw prices edge back up on Friday December 28, after the physical market hit a seven-month high.

Spot 63.5% Fe iron ore prices up $5 week-on-week

China's imported iron ore prices rose by $5 this week, supported by a bullish outlook.

CHINA STEEL WRAP: Flats remain firm while longs weaken

China’s spot steel market ended the week mixed, as flats held steady, while longs halted two days of rises.

Prices edge up in China’s imported met coal market

China’s imported metallurgical coal market saw a slight uptick in prices during the week ending December 28, traders told Metal Bulletin sister title Steel First.

Spot 63.5% Fe iron ore prices up $5 week-on-week

China's imported iron ore prices rose by $5 this week, supported by a bullish outlook.