January 2017

CIS export HRC prices stable, CRC moves up

Export prices for CIS-origin hot rolled (HRC) have remained stable over the past week, while those for cold rolled coil (CRC) have risen, Metal Bulletin has heard.

China’s spot HRC prices flat amid inactivity

China’s spot hot rolled coil prices remained unchanged on Wednesday January 25, with the market practically at a standstill despite rising futures.

China AM: Futures still trending up as holiday approaches

China’s ferrous futures moved up for a third morning in a row on Wednesday January 24, even though trading activity in the physical markets have thinned as the country approaches the Chinese New Year holiday.

China’s plate export prices up as sellers refuse to budge

Chinese plate exporters have kept their offers unchanged over the past week, but are taking a firmer stand with their asking prices amid some bullishness for the market after the Chinese New Year holiday.

Additional flat steel price increases in Brazil 'unlikely', Inda says

The sudden drop in international coal prices has made it unlikely that Brazilian flat steel producers will look further increase local prices, after the upswing announced in January.

Brazil’s flat steel sales down 4% in 2016

Brazilian flat steel sales decreased by 4% in 2016 compared with the previous year, according to figures released by the country’s flat steel association, Inda.

UAE’s Emirates Steel announces record production in 2016

The biggest steelmaker in the UAE, Senaat-owned Emirates Steel, produced record volumes of steel in 2016, the company said on Tuesday January 24.

Russia joins calls for WTO talks on Indian import restrictions

Russia has joined Japan and Taiwan in requesting consultations at the World Trade Organization (WTO) over India’s use of a minimum import price (MIP) regime.