November 2017

China AM: Ferrous futures shed early-hour gains again

China’s ferrous futures largely ended morning trading lower on Thursday November 23 having posted some early-hour gains.

EUROPE HRC: Domestic prices to stabilize despite higher offers for Q1 rolling

Domestic transaction prices for hot rolled coil (HRC) in Northern Europe are expected to remain stable in the short term, sources told Metal Bulletin on Wednesday November 22.

IRAN FLAT STEEL IMPORTS: Prices stable, trade thin as freight issues continue

Hot-rolled coil (HRC) and cold-rolled coil (CRC) import prices in Iran were largely unchanged in the week ended Wednesday November 22 on limited buying activity.

EUROPE HDG: Domestic prices to move up in early 2018

Domestic prices for hot-dipped galvanized (HDG) coil in Europe are expected to increase in the first quarter of next year, sources told Metal Bulletin.

Brazilian flat steel sales rise 4.2% in October

Brazilian flat steel sales grew by 4.20% year on year in October due to an improved performance by the country’s industrial sectors, according to figures published by national flat steel association Inda on Wednesday November 22.

EUROPE CRC: Domestic prices unaffected by lower import offers

Lower import offers for cold-rolled coil (CRC) in Europe have had little ore no impact on domestic prices, sources told Metal Bulletin on Wednesday November 22.

NLMK expects Russia to become exporter of coated steel products

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, expects the country to shift to becoming an exporter of coated products once new capacity at domestic producers comes on stream.

Usiminas sees stability in Brazilian flat steel prices

Brazilian flat steel producer Usiminas expects domestic prices in the distribution sector to remain stable in the short term, chief executive officer Sergio Leite said.

CHINA HRC: Tianjin prices maintain upward momentum on tight supply

China’s domestic prices for hot-rolled coil were mixed on Wednesday November 22, with those in Tianjin edging up further on a supply drop, while the range in Shanghai widened downward after the paper market weakened.

RUSSIA FLAT STEEL: HR, CR sheet prices move down on weak demand

The Russian domestic market for hot-rolled (HR) and cold-rolled (CR) steel sheet has weakened further due to poor demand as a result of the annual November slowdown in construction activity.