April 2017

China AM: Ferrous futures mixed amid better-than-expected Q1 GDP growth

China’s ferrous futures were rangebound during morning trading on Monday April 17 following the release of data pointing to higher-than-expected growth for the country’s gross domestic product in the first quarter.

STEEL WEEK IN BRIEF: Iron ore prices plunge, Chinese steel export prices fall, EU HRC trade case...

Metal Bulletin reviews some of the key news and price moves from the past week in the global steel market.

Turkish HRC imports stable, CRC import prices fall

Hot rolled coil (HRC) import prices remained stable this week in Turkey, while cold rolled coil (CRC) prices fell, in line with offers from Ukraine.

Turkish domestic flat steel market slows down ahead of referendum

The flat steel market in Turkey continued to be slow this week as market participants wanted to see the results of the country’s constitutional referendum on Sunday April 16 before placing orders.

South America's flat steel import prices plunge on lower Chinese offers

Import prices for flat steel products in South America plunged this week on falling offers from China, Metal Bulletin has learnt.

China's spot HRC prices rise as futures edge up

China's hot rolled coil prices continued to recover some of their recent losses ahead of the weekend as the paper market saw gains.

China AM: Ferrous futures drop back after opening up

China’s ferrous futures dropped during morning trading on Friday April 14 after opening higher.

China's Angang cuts list prices for May

Liaoning-based Anshan Iron & Steel (Angang) has cut list prices for its flat steel products for May by 200-300 yuan ($29-43.60) per tonne.

Severstal reports 3% rise in finished steel sales in Q1 2017

Severstal achieved a 3.19% year-on-year increase in finished steel sale volumes from its Russian assets in the first quarter of 2017, the company said on Thursday April 13.