January 2017

STEEL MARKET OUTLOOK: Regional steel pricing variations set to widen

Metal Bulletin Research (MBR) predicts a general rise in steel product prices in 2017, but with an increasing degree of price divergence between global regions.

China’s spot HRC prices stable despite futures surge

China’s spot hot rolled coil prices were unchanged on Tuesday January 24 although the product’s futures contract experienced a sharp increase.

China AM: Futures spike despite higher steel output, inventories

China’s ferrous futures moved up during morning trading on Tuesday January 24, in spite of data released a day earlier showing higher crude steel output and inventory levels in early January.

Mills stand firm on export offers for CRC, HDG ahead of holiday

Chinese mills are taking a firmer stand with their offers for cold rolled coil and hot dipped galvanized coil (HDG) ahead of the Chinese New Year holiday.

Indonesia may extend safeguard duties on certain flat steel imports

Indonesia has begun investigating whether or not its safeguarding duties on aluminium-zinc-coated flat steel imports should be extended or allowed to expire, the World Trade Organization (WTO) said on Thursday January 19.

Taiwan joins Japan in demanding WTO clarify India's use of MIP

Taiwan has joined Japan in writing to the World Trade Organization (WTO) to ask for clarity on India’s imposition of a minimum import price (MIP) regime concerning steel products.

Turkish domestic flat steel prices mostly stable, mills fully booked until April

Flat steel prices in Turkey’s domestic market were mostly stable last week, with producers fully booked until April.

China’s CRC exports down by a third in 2016

China’s cold rolled coil (CRC) exports dropped sharply on a year-on-year basis in 2016.

China’s spot HRC prices flat on thin trading

China’s spot hot rolled coil prices remained flat on Monday January 23 amid thin trading.