November 2015

CIS export flat steel market slides further

The Black Sea market for CIS-origin hot and cold rolled coil (HRC, CRC) has declined, sources told Steel First on Monday November 30.

SEAISI FORUM: SE Asia's steel consumption up 8.9% in H1

Steel consumption in Southeast Asia posted a marked increase in the first half of 2015, but regional producers have not been able to reap the benefit due to low-cost imports.

Russia-Turkey political tensions weigh on billet market

The CIS export billet market has been at a standstill over the past week because of the tensions between Russia and Turkey, sources told Steel First on Monday November 30.

DAILY SCRAP REPORT: Indices stay flat on lack of fresh trades

Turkish imported scrap prices were stable on Monday November 30, as the mills in the country continued to hold back from the deep-sea scrap markets.

CIS long steel export market weakens as buyers expect discounts

The Black Sea market for CIS-origin rebar and wire rod has declined, sources told Steel First on Monday November 30.

Mexico's iron ore output up 6.5% in September

Iron ore output in Mexico increased by 6.5% year-on-year in September, according to figures released by the country’s statistics agency, Inegi, on Monday November 30.

Rebar market drops again in Russia as parties agree November price

Russia’s domestic rebar market has declined further over the past week, as mills and traders finalised prices for November production, sources told Steel First on Monday November 30.

Turkish domestic scrap prices remain stable in line with imports

Turkish domestic scrap prices held largely stable on Monday November 30 as the mills in the country continued to buy scrap at prices flat from last week.

Vale ceo Ferreira resigns from Petrobras board

Vale ceo Murilo Ferreira has stepped down as board chairman of Brazil’s state-owned oil producer Petrobras.