November 2018

PEOPLE MOVES: Dai Zhihao joins Anyang Iron & Steel from Baowu Steel amid merger rumors

Dai Zhihao, former chairman of Baowu Steel Group, has joined Anyang Iron & Steel as director, general manager and deputy secretary of the party committee from November 19, according to a note from Anyang Iron & Steel.

CHINA HRC: Prices plunge on dim economic outlook

China’s hot-rolled coil prices continued to fall on Wednesday November 21, breaking away from last week’s stability, amid pessimism over the country’s economic and industrial growth.

Flat Steel Products Trade Log, November 21, 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.

China AM: Ferrous futures post mid-week recovery

China’s ferrous futures increased during morning trading on Wednesday November 21, with sentiment improving, especially when it came to steel contracts.

China’s export plate prices plunge further on sparse trading

China’s plate exporters lowered their offers further over the past week in response to the inactivity in the market.

China’s CRC, HDG export prices slump further on bearish sentiment, domestic losses

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil declined for a ninth consecutive week amid pressure from short-selling traders offering cheap cargoes and a sustained downtrend in China’s domestic market.

Flat Steel Products Trade Log, November 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.

GULF FLAT STEEL IMPORTS: Prices down $20-55 per tonne on weak markets

Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have tumbled over the past seven days by $20-55 per tonne due to weak demand and lower offer and deal prices, sources told Fastmarkets on Tuesday November 20.

NORTH AMERICAN MORNING BRIEF 20/11: Roy Hill ramp-up to 60mln tpy; Norilsk to expand nickel capacity; steel demand dips in Japan

The latest metal markets news and price moves to start the North American day on Tuesday November 20.

FOCUS: 7 reasons why Asia’s steel price downtrend may continue in 2019

Steel traders in Asia have been feverishly short-selling their cargoes in recent weeks due to the bearish sentiment in the Asian market, with back-to-back offers for steel products often accompanied by short-selling offers at a wide discount to mill cargoes.