May 2019

Flat steel import prices down in South America, follow Chinese downtrend

The import prices of flat steel in South America have largely fallen over the past week, reflecting the recent drop in Chinese prices and the higher market share taken by some exporters from the Commonwealth of Independent States (CIS) region.

HRC import offers to India down by $10 per tonne

Offer prices for hot-rolled coil (HRC) in India have dropped by at least $10 per tonne after South Korea-origin HRC was offered to Indian importers this week at $545-550 per tonne cfr Mumbai, Fastmarkets heard on Friday May 17.

EC begins review of steel import safeguards

The European Commission (EC) has initiated a review of its steel import safeguard measures, it said in a notice published in the Official Journal of the European Union on Friday May 17.

TURKEY FLAT STEEL: Prices up, some producers close sales after US duty reduction

The price of some steel coil products in Turkey increased over the week to Friday May 17, while some producers stopped accepting new orders after the United States announced a duty reduction, sources told Fastmarkets.

CHINA HRC: Weaker yuan, domestic price drop boost export trading activity

China’s export prices for hot-rolled coil edged up on Friday May 17, with trading activity in this segment said to have picked up this week.

Flat Steel Products Trade Log, May 17, 2019

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.

European car sales dip 0.4% in April, ACEA says

The number of new passenger car registrations in the EU decreased by minor 0.4% year on year in April 2019, marking the eighth consecutive month of decline, the European Automotive Manufacturers Assn (ACEA) said on Friday May 17.

China on track to exceed finished steel production of 1 bln tpy in 2019

China is on track to surpass one billion tonnes per year of finished steel production in 2019, data from the National Bureau of Statistics (NBS) released on Wednesday May 15 showed

US halves import duties on Turkish steel

The United States has lowered its tariffs on steel imports from Turkey to 25%, from the previous 50%, effective Friday May 17.

CHINA HRC: Domestic prices rise, but pessimism persists

China’s domestic hot-rolled coil prices rose on Thursday May 16, but pessimism continued to cast a pall over the market with trading activity remaining persistently thin.