May 2015

Steel traders slam India's 'draconian' quality control order

The Bombay Iron Merchants Assn (BIMA) has described the Indian steel ministry’s quality control order on steel products as “draconian” and a technical barrier to trade.

Tata Steel workers vote for strike action in pensions dispute

Tata Steel Europe workers in the UK have voted in favour of strike action against the company in a pension scheme dispute, their trade unions said on Friday May 29.

UK light iron scrap price slides in slow containerised market

Sluggish activity in the containerised scrap market this week dragged down inter-merchant prices for fragmentiser feed in the UK, sources told Steel First on Friday May 29.

Usiminas mulls short-time working at Brazilian operations

Brazilian flat steel producer Usiminas is considering introducing short-time working at its operations due to the crisis in the steel market, it said on Friday May 29.

Turkey's flat steel imports up 34% in April

Turkey imported 680,049 tonnes of flat steel in April 2015, up by 34% year-on-year from 506,871 tonnes in April 2014, according to the Turkish Statistical Institute (TUIK).

MB ASIAN STAINLESS STEEL: What to expect at the conference

Delegates from around the world will gather in Singapore next week for the tenth Asian Stainless Steel Conference.

WEEKLY SCRAP WRAP: Turkish mills secure lower import prices

Imported scrap prices into Turkey fell sharply from Monday May 25 to Friday May 29 as a Turkish producer managed to secure a lower price from a European supplier after a two-week silence.

DAILY SCRAP REPORT: Indices remain flat as Turkish mills hold back

Steel First’s daily indices for scrap imports into Turkey remained unchanged on Friday May 29 as there were no fresh deep-sea trades in the market.

Turkish coated coil prices increase on higher costs

Coated coil producers in Turkey increased their prices this week as their production costs have gone up recently.