January 2017

Trump starts US infrastructure drive by ordering wall for border with Mexico

US president Donald Trump has started his drive to boost infrastructure spending by signing an executive order for the construction of a wall on the southern border with Mexico.

Posco's 2016 earnings rise 18% thanks to high-end product sales

South Korean steelmaker Posco increased its earnings by 18% year-on-year in 2016 by focusing on high-end product sales despite challenging market conditions, the company said on Wednesday January 25.

Hyundai Steel keeps 2016 profit stable in troubled market

Hyundai Steel’s profits for 2016 fell by less than 1%, a result it attributes to a strong sales programme in the face of difficult market conditions.

BlueScope H2 2016 earnings expected to be as high as $455m

BlueScope now expects that its earnings for the second half of 2016 will be higher than previously expected, thanks to strong steel prices, higher iron ore export prices and cost reductions.

LATIN AMERICA WRAP: Slab export market quiet on uncertain outlook

Latin American slab export prices moved upward slightly during the first trading weeks of 2017 amid falling coking coal prices and thin trading.

HRC import prices in Iran hold stable, awaiting new duty regime

Import prices for hot rolled coil (HRC) in the Iranian market have remained unchanged over the past week, Metal Bulletin learnt on Wednesday January 25.

Vietnam HRC import prices widen on limited deals, diverging markets

Import price ranges for rerolling-grade hot rolled coil (HRC) in Vietnam have widened over the past week, as buyers were split in their buying strategies ahead of the lunar new year holiday.

Russian domestic HR, CR sheet prices flat

Russian domestic prices for January’s output of hot rolled (HR) and cold rolled (CR) sheet have remained largely stable over the past week while higher offers for February’s output have been announced.

Saudi Arabia HRC import prices stable as buyers hold back

Hot rolled coil (HRC) import prices into Saudi Arabia remained stable this week despite demand levels remaining subdued, Metal Bulletin has heard.

UAE flat steel prices dip on weak demand, stalled projects

Flat steel import prices into the UAE decreased slightly this week, with demand in the market remaining poor, Metal Bulletin has heard.