May 2015

South America HRC, plate import prices fall on lower Chinese offers

Prices for hot rolled coil (HRC) and heavy plate in South America dropped by $5-10 per tonne this week, sources told Steel First.

HIGHLIGHTS: Seaisi conf, Trade Case Monitor launch...

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

INTERVIEW: Piombino location will give Cevital cost advantage, ceo says

Algerian food processor Cevital is looking to reap key cost benefits from its planned purchase and restart of the former Lucchini steelworks in Piombino, Italy, ceo Issad Rebrab told Steel First.

Iranian domestic HRC prices tumble on high stocks

Hot rolled coil (HRC) prices in the Iranian domestic market fell this week as high inventories weakened demand.

EU stainless distributors bullish on base prices despite uneven demand

EU stainless steel distributor margins suffered in some parts of Europe on high end-user stock levels and uneven demand, but expectations remained bullish, sources told Steel First on Friday May 29.

Demand for imported scrap remains sluggish in India

India’s imported scrap market is being held back by rupee depreciation, the fall in domestic prices and slow demand for finished products, sources told Steel First on Friday May 29.

EMR's Iles steps down in generational shift of management

Colin Iles, executive director and chairman of British metal recycler EMR, has stepped down as part of the company’s succession process, the company said on Friday May 29.

Taiwan's HMS scrap prices inch up $3

Import prices for containerised heavy melt scrap in Taiwan have seen small gains as a "tug of war" between local mills and suppliers from the West Coast of the USA intensified.

HRC import prices to India down by $15 per tonne

Import prices for Russia-origin hot rolled coil (HRC) to India have fallen by $15 per tonne to $360-365 per tonne cfr Mumbai for August shipments.

What we learned from the 2015 Eurofer European Steel Day

The European steel industry needs faster implementation of trade defence instruments to remain competitive, regional steel association Eurofer told delegates at the 2015 European Steel Day in Brussels on Thursday May 28.