November 2017

FOCUS: China's winter steel production cuts could boost Asian prices

China’s winter steel production cuts are expected to provide some much-needed support to Asian steel prices, according to market sources.

ASSOFERMET MILAN: Consolidation the key to EU distribution overcapacity, Eurometal says

The consolidation of European steel distributors is necessary to solve the problem of overcapacity, according to Eurometal director-general Georges Kirps.

Southeast Asia's billet prices weaken further on downstream pessimism

Import prices for billet in Southeast Asia weakened further over the past week amid sustained bearishness in the downstream long steel markets.

CHINA HRC: Domestic market surges as bullish sentiment intensifies

China’s domestic prices for hot-rolled coil surged on Tuesday November 21 as bullish sentiment strengthened in anticipation of improvements in fundamentals.

China AM: Steel futures rise, raw materials contracts steady

China’s steel futures rose during the morning trading session on Tuesday November 21, while raw materials contracts were largely flat.

Turkey’s crude steel output up in January-October, expected to reach 36.5 mln tonnes for year

Turkey produced 31,048,000 tonnes of crude steel in January-October 2017, 13.26% upfrom 27,413,000 tonnes in the same period in 2016, according the Turkish Steel Producers Association (TCUD).

Buying interest boosts Vietnam's HRC import prices

Import prices for re-rolling-grade hot-rolled coil into Vietnam strengthened over the past week as buying interest among end-users picked up.

CHINA HRC: Domestic market picks up as futures rebound

China’s domestic prices for hot-rolled coil edged up on Monday November 20 as a rebound in the futures market stimulated buying interest in the spot market.

China AM: Steel futures bounce back after weekend

China’s steel futures started the week on a positive note after experiencing losses ahead of the weekend, posting gains along with the contracts for steelmaking raw materials during morning trading on Monday November 20.

STEEL WEEK IN BRIEF: Winter cuts in China, higher scrap prices, trade policy...

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