December 2014

Jindal Stainless board approves restructuring of business

India’s largest stainless steel manufacturer, Jindal Stainless Ltd (JSL), has received board approval to restructure its business, which will result in the listing of its subsidiary, Jindal Stainless (Hisar).

Metinvest’s Mariupol mills to fix raw materials disruptions by end January

Ukrainian steelmaker Metinvest’s two flat steel mills in Mariupol, which are experiencing raw material shortages due to a disruption to the railway connection between the mills and the port, are working to resolve the problem.

Flat Products Trade Log, December 30 2014

Latest transaction: hot rolled coil, hot dipped galvanized coil

2015 OUTLOOK: EU domestic coil market to remain under pressure in 2015

Europe’s domestic coil market is expected to remain under pressure from low raw material costs and growing import volumes in 2015.

DAILY SCRAP REPORT: Indices remain flat on lack of fresh trade

Steel First's daily scrap indices remained flat on Tuesday December 30 as the market was quiet due to the approaching year-end.

Turkish rebar offers to UAE rise, buyers unwilling to book

Turkish rebar offer prices to the UAE rose this week, but buyers were not willing to book ahead of the new year holidays.

2015 OUTLOOK: Turkish rebar exports expected to recover in 2015

Turkey’s rebar exports are expected to recover in 2015 as the political situation in the country’s major export markets is set to improve and as it looks to clear a number of anti-dumping cases.

UAE's CRC, HDG markets remain mostly stable

The UAE's cold rolled coil (CRC) and hot dipped galvanized coil (HDG) import markets were mostly stable this week as buyers preferred to wait until January.

EU stainless steel alloy surcharges for January rise by $82-132

January alloy surcharges for stainless steel grades 304 and 316 flat products and grade 304 bright bar have seen a jump of €67-108 ($82-132) month-on-month, given a stronger nickel.