January 2017

Southern European coil prices steady but market expects increases

Domestic prices for steel coil products in Southern Europe have gone largely unchanged over the past week, but mills are expected to push their offers upward, market sources have told Metal Bulletin.

Posco expects earnings to rise in Q1 2017

Posco expects its earnings in the first quarter of 2017 to be higher than those in the preceding quarter, the South Korean steelmaker said on Wednesday January 25.

Perstima quarterly profits broadly stable despite lower selling prices

Pre-tax profits at Malaysian steelmaker Perusahaan Sadur Timah Malaysia (Perstima) were broadly unchanged in the October-December quarter of 2016, rising by less than 1% year-on-year, the company said on Wednesday January 25.

Australia extends deadline for two anti-dumping probes into galvanized steel from Asia

Australia's Anti-Dumping Commission (AADC) has extended the deadlines of two investigations into galvanized and aluminium-galvanized steel imports.

Northern European steelmakers likely to follow ArcelorMittal's Q2 coil price hikes

ArcelorMittal has increased its prices for second-quarter production coil in Northern Europe and other steelmakers are expected to follow, according to market sources.

EU new commercial vehicle sales up more than 10% in December

Sales of new commercial vehicles in the EU increased by 10.43% year-on-year in December 2016.

China’s spot HRC prices flat on eve of holiday

China’s spot hot rolled coil prices were unchanged on Thursday January 26 as most traders have already exited the market, with the eve of the Chinese New Year on Friday kick-starting a week-long holiday.

Delong moves ahead with sale of stake in Thai HRC re-roller

Chinese steelmaker Delong Holdings has signed a conditional definitive sale and purchase agreement to sell its 55% stake in Delong Thailand to the joint venture’s other shareholders.

China AM: Futures continue ascent on last day before holiday

China’s ferrous futures were mostly up during morning trading on Thursday January 26, the last working day before the beginning of the Chinese New Year holiday.