July 2018

US hot-rolled coil index falls on fears of price bubble burst

Hot-rolled coil prices in the United States have slipped for the second week in a row amid concerns of a steel-price bubble popping.

STEEL WEEK IN BRIEF: Preliminary EU safeguarding measures, weak Turkish and Asian scrap prices, alleged anti-trust in Japan…

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

Argentina's crude steel output rises by 11.1% in June

Crude steel production in Argentina grew by 11.1% year on year in June, according to figures released by national steel association Acero Argentino on Friday July 20.

South America's flat steel import prices edge down on lower offers

Import prices for flat steel in South America declined this week with lower offers being reported and buyers pushing for price reductions.

Indian importers seek $40 cut in South Korean HRC price

Indian importers have asked for a reduction of $40 per tonne in the price of commercial-grade hot-rolled coil (HRC) being offered from producers in South Korea.

Flat Steel Products Trade Log, July 20, 2018

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

TURKEY COATED FLAT STEEL: Prices down on summer holiday lull

Prices for coated steel coil products in Turkey decreased in the week ended Friday July 20 with demand in the local market being descibed as slow, Metal Bulletin has heard.

Severstal unaffected by EU safeguard case decision, CFO says

Russian steelmaker Severstal will be not affected by the preliminary decision in the EU’s safeguard case against steel imports, chief financial officer Alexei Kulichenko said on Thursday July 19.

TURKEY FLAT STEEL: Prices vary only slightly on weak demand

Lack of demand meant that flat steel prices in Turkey’s domestic, export and import markets were little changed this week, sources told Metal Bulletin on Friday July 20.

CHINA HRC: Mills willing to cut export prices amid soft demand, weaker yuan

China’s HRC market softened on Friday July 20 amid weak demand, with producers said to be highly likely to lower their export prices amid a depreciation of the yuan, sources said.