January 2017

Turkish buyers book HRC, CRC from Russian steelmakers

Turkish buyers have booked a total of 25,000 tonnes of hot rolled coil (HRC) and cold rolled coil (CRC) from Russia over the past week, Metal Bulletin has heard.

China’s spot HRC prices unchanged on stagnant market

China’s spot hot rolled coil prices were unchanged on Friday January 20, with most traders having already halted business ahead of the Chinese lunar New Year holiday.

China AM: No clear trend in futures market despite China's GDP growth

China's ferrous futures ended the morning trading session mixed again on Friday January 20 even as China's GDP grew 6.8% year-on-year.

Domestic steel could be mandatory for Indian government projects

India’s ministry of steel may make the use of domestic steel mandatory for government-run infrastructure and construction projects, steel minister Chaudhury Birendra Singh said on Monday January 16.

CARE downgrades Tata Steel credit rating on UK assets uncertainty

The long-term corporate credit ratings of Indian steelmaker Tata Steel Ltd (TSL) have been downgraded by Indian credit ratings agency CARE, Tata Steel said in a corporate filing to India’s National Stock Exchange (BSE) on Thursday January 19.

CAP starts up galvanizing line at Peruvian subsidiary

Peruvian tubemaker Tupemesa, a subsidiary of Chile-based steel producer Compañía de Acero del Pacífico (CAP), commissioned a galvanizing line on Tuesday January 17 in Lurín, Lima.

India's Sail begins exports of high-tensile steel plate to Europe

Indian state-run steelmaker Sail has begun exporting high-tensile steel plate made at its Rourkela steel plant into Europe, the company announced this week.

Evraz CIS-region steel output relatively stable in Q4

Steel product output at Russian steelmaker Evraz’s units in the CIS region was up by just 0.98% year-on-year in the fourth quarter of 2016, the company said on Thursday January 19.

Pakistan imposes definitive anti-dumping duties on CRC from China, Ukraine

Pakistan’s National Tariff Commission (NTC) has imposed anti-dumping duties on cold rolled coil (CRC) and cold rolled sheet from China and Ukraine..

German steel market recovery threatened by global uncertainty, WV Stahl says

The recovery of Germany's steel industry in 2017 will be dependant on the level of import volumes and Europe's emissions trading policy, according to the German steel federation, WV Stahl.