July 2019

Ternium expects lower third-party slab shipments from Brazilian unit in Q3

Latin American steel group Ternium expects to reduce slab production and sales to third parties from its Brazilian operations in the third quarter of this year versus the second quarter due to a “difficult situation” in the seaborne slab market, Máximo Vedoya, the company's chief executive officer, said on Wednesday July 31.

CSN urges Brazilian steel industry to raise prices amid higher costs, international uptrend

Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) called for the industry to push forward on price increases in the domestic steel market, given the international uptrend and higher cost inflation.

Smart ports and trading – the digitalization of Rotterdam

A fundamental industry that has always been a primary facilitator of global trade, shipping aims to be at the forefront of digital technology. This report explores initiatives at the Dutch Port of Rotterdam - Europe’s largest port by cargo tonnage - and how those connect with global trade.

Turkish flat steel imports down 11% year on year in June

Turkey imported 515,677 tonnes of flat steel in June 2019, down by 11.29% from the corresponding month in 2018, when 581,315 tonnes arrived in the country, the Turkish Statistical Institute (TUIK) said on Wednesday July 31.

Ternium expects North American steel prices to continue to rise

Latin American steel group Ternium expects steel product prices in North America to increase in the third quarter of 2019, following price rises announced by mills in the United States.

India denies running safeguard Investigation on steel imports

India’s Directorate General of Trade Remedies (DGTR) has denied carrying out investigations that could result in safeguard duties being imposed on steel product imports into the country.

DAILY SCRAP REPORT: Mills hold back on sluggish rebar, billet demand

The Turkish steel mills have remained quiet in the deep-sea markets due to limited trading activity in the long steel and billet markets, sources said on Wednesday July 31.

CSN Q2 steel sales volumes down 12.1% after blast furnace halt

Sales at Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) dropped by 12.1% in the second quarter from a year earlier because of weakness in markets both at home and abroad, it said.

Iranian billet prices climb again as mills fill September order books

Export billet prices from Iran continued to increase in the last week of July amid lively trading of September-rolling volumes.

EUROPE WIRE ROD: Prices inch down on weak market ahead of summer pause

The price of domestic mesh-quality wire rod in Northern Europe narrowed this week, while Southern European prices were unchanged ahead of the summer slowdown, sources told Fastmarkets on July 31.