April 2017

Severstal hails EC decision to skip preliminary duties on Russian HRC

Russian steelmaker Severstal has hailed the European Commission (EC) decision to not apply preliminary anti-dumping duties to the country’s hot rolled coil (HRC).

China’s HRC prices rebound on higher futures

China’s hot rolled coil prices rebounded on Thursday April 13 on the increase in the futures market.

Wuhan Steel cuts flat steel prices for May

Wuhan Iron & Steel has cut its prices for hot rolled coil, plate, cold rolled coil and hot dipped galvanized coil for delivery in May.

China AM: Ferrous futures mostly higher on monthly-basis rebound in steel exports

China’s ferrous futures were generally higher during morning trading on Thursday April 13 following the release of data showing a rebound in finished steel exports in March on a monthly basis.

China’s finished steel exports down 24% in March

China’s finished steel exports dropped on a yearly basis both in March and in the first quarter of 2017 due to high prices.

ThyssenKrupp-Tata Steel European jv talks moving forward, Jefferies says

Germany’s ThyssenKrupp and Tata Steel Europe are “rumoured to be in the final stages of a planned merger of steelmaking operations”, according to investment bank Jefferies.

EU hollow sections prices largely stable as market waits for coil clarity

Prices for hollow sections remained mostly flat across Europe this week, with market participants unsure of the price direction for steel coils, sources told Metal Bulletin on Wednesday April 12.

Turkish Q1 steel exports up despite higher prices, ÇIB says

Turkish steel exports continued to increase in the first quarter of 2017 despite increasing prices, according to the Turkish Steel Exporters’ Assn (ÇIB).

Saudi Arabia HRC import prices tumble on flimsy demand

Hot rolled coil (HRC) import prices in Saudi Arabia fell this week, with demand continuing to be weak in the country.

Vietnam HRC import prices in freefall amid Chinese short-selling

Import prices for re-rolling-grade hot rolled coil (HRC) in Vietnam have been in freefall this week as Chinese traders have kept cutting their offer prices as their own domestic market tumbles.