April 2019

EC to halt anti-dumping case into welded tubes, pipes, profiles, market sources say

The European Commission (EC) will halt its anti-dumping investigation into imports of welded steel tubes, pipes and hollow profiles, whether of square or rectangular cross-section, originating from Macedonia, Russia and Turkey, market participants told Fastmarkets on Tuesday April 30.

Steelmaker Erdemir Group’s earnings up 4% in Q1 2019

Turkey’s biggest steel producer, Erdemir Group, has reported earnings before interest, taxes, depreciation and amortization (Ebitda) for the first three months of 2019 of TRY1.733 billion ($291.3 million*).

GULF FLAT STEEL IMPORTS: Prices mostly stable on slow demand

Prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have been mostly stable over the past week due to limited demand, sources told Fastmarkets on Tuesday April 30.

DAILY SCRAP REPORT: Turkish mills book more US scrap at falling prices

The steel mills in Turkey have continued to book deep-sea cargoes for June deliveries, although prices were still weakening, sources told Fastmarkets on Tuesday April 30.

EU nickel briquette premium hits almost two-year low on weak stainless steel demand

The premium paid for European nickel briquettes fell to its lowest level since July 11, 2017 on April 30, amid extremely weakened demand from the stainless steel sector for the material, while European off-warrant supply remains healthy and facilitates the decline.

FOCUS: China warns of more HRC price falls in 2019 on new 31-mln-tpy capacity

Prices for hot-rolled coil (HRC) in China may not have room to move much higher because a further 31.05 million tonnes per year of capacity will come onstream in 2019, market sources in the country told Fastmarkets this week.

GULF STEEL BILLET, REBAR: Import rebar, billet prices rise, market demand weak

Domestic rebar producers in the UAE maintained their prices this week while the cost of rebar and billet imports edged up after buyers accepted higher offers due to low stock levels, sources told Fastmarkets on Tuesday April 30.

Klöckner forecasts weaker EU steel demand, lower prices in 2019

German metals distributor Klöckner expects its 2019 earnings to be negatively affected by “declining demand” and weaker steel prices, it said on Tuesday April 30.

Steelmaking Raw Materials Trade Log, April 30, 2019

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.

IRON ORE DAILY: Market cools ahead of China holiday, prices rise on Tangshan restriction

Physical iron ore trading slowed on Tuesday April 30 ahead of the May Day holiday in China on May 1-4, while prices strengthened on news of production restrictions on mills in Tangshan.