November 2017

Liberty House plans 5 mln tpy boost to UK steelmaking capacity

Liberty House will invest in 5 million tonnes per year of secondary steelmaking capacity in Britain over the next five years, equivalent to half of the UK’s current steel output, the UK steelmaker said on Monday November 27.

FOCUS: EU HRC imports to stay high despite trade measures but with price support

Anti-dumping measures against imports of hot-rolled coil (HRC) into the EU, to support the bloc’s supply-demand balance, will not reduce the total volume of imports from alternative sources, according to market participants.

Vietnam HRC import prices stable amid weak buying interest

Import prices for re-rolling grade hot-rolled coil (HRC) into Vietnam were stable in the week ending Monday November 27 on weaker demand from end-users.

CHINA HRC: Domestic prices up on strong demand

China’s domestic prices for hot-rolled coil (HRC) increased on Monday November 27 on early gains in the futures market, as well as robust demand in the spot market.

Flat Steel Products Trade Log, November 27, 2017

The latest bids, offers and deals in the global markets for flat steel products.

China AM: Futures mixed amid new production restrictions in Tangshan

China’s futures contracts of steel products jumped while those of raw materials edged down on Monday November 27, after another round of interim production restrictions were implemented in Tangshan over the weekend.

STEEL WEEK IN BRIEF: Winter cuts hit Asian prices, iron ore rally, Iran slab market, Brazilian royalties...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

TURKEY COATED FLAT STEEL: Prices rise despite weak demand in domestic market

Coated flat steel prices increased in Turkey this week, despite demand remaining weak, sources told Metal Bulletin.

TURKEY FLAT STEEL: Prices mostly stable; demand continues to wane

Most flat steel prices in Turkey were stable this week because buyers want to avoid booking toward the end of the year as well as avoiding purchases when prices are falling, market participants told Metal Bulletin.

South America's flat steel import prices rise on higher offers

Import prices for flat steel goods into South America have all increased this week, amid fresh trading activity.