October 2015

HIGHLIGHTS: Knives out on China steel output, sub-$50 iron ore, interviews …

Editor Vera Blei looks at the main news covered by Steel First over the past week.

Bolivia to invite China's Sinosteel to join local steel project

Bolivia will invite Chinese-state owned contractor Sinosteel to participate in its national three-stage steel project.

Latin America’s HRC, CRC export prices down

Latin America’s export prices for cold rolled coil (CRC) and hot rolled coil (HRC) have fallen on strong competition and a weakening euro.

Negative trend in Polish rebar market to continue

The decline in domestic rebar prices in Poland is likely to continue, sources told Steel First on Friday October 30.

EU stainless prices up by $11 on disappointing alloy surcharge

European stainless steel base prices rose by €10 ($11) per tonne this week, sources told Steel First on Friday October 30.

COMMENT: The bull among bears in UK’s steel industry

The restarting of Liberty Steel Newport’s hot rolled coil (HRC) steel plant in Wales on October 16 coincided with more bad news for the UK steel industry.

EUROMETAL VIENNA: Advantages, challenges in Central Europe

Participants at the Eurometal Central Europe regional meeting in Vienna considered opportunities and threats in the development of the region’s market.

EU stainless steel scrap prices drop $55-77 per tonne

Inter-merchant prices for stainless steel scrap imported into Europe have fallen by €50-70 ($55-77) per tonne this week, sources told Steel First on Friday October 30.

Analysts predict 30% drop in ArcelorMittal Q3 earnings

Analysts expect ArcelorMittal’s earnings before interest, taxes, depreciation and amortisation (Ebitda) for the third quarter of 2015 to be $1.331 billion, the company said on Friday October 30.

Gerdau's Siderperú reports $1m net profit in Q3 on reduced costs

Gerdau’s Peruvian subsidiary, Siderperú, recorded net profit of 3.7 million nuevos soles ($1.1 million) for the third quarter of 2015, the company said in a note to the country’ securities regulator, SMV, on Friday October 30.