April 2017

Russia`s February metal exports up 3% year-on-year

Russia’s ferrous metal product export volumes rose by 2.74% year-on-year in February 2017 to 3.44 million tonnes, according to information released by the country’s Federal Customs Service.

Germany’s Salzgitter slams ‘incomprehensible’ US anti-dumping duties on steel plate

German steelmaker Salzgitter has branded the USA's anti-dumping duties on heavy steel plate as “incomprehensible”, the company said this week.

China’s HRC prices fall sharply as paper market weakens further

China’s hot rolled coil prices experienced a steep drop on Tuesday April 11 as bearish sentiment strengthened amid a weakening paper market.

Flat Products Trade Log, April 11, 2017

Latest transactions: Hot rolled coil, plate, cold rolled coil, hot dipped galvanized coil

Chinese HRC export prices fall as inventory pressure intensifies

China’s export prices for hot rolled coil continued to move lower over the past week amid rising inventory pressure in the domestic market.

Baosteel cuts prices of major flat steel products for May

Eastern China’s Baosteel has lowered list prices for its hot rolled coil (HRC), cold rolled coil (CRC), hot dipped galvanized coil (HDG) and plate by 120-300 yuan ($17-43) per tonne for next month.

China AM: Ferrous futures largely flat despite mills cutting prices

China’s ferrous futures were little changed during morning trading on Tuesday April 11 despite major mills cutting their ex works prices.

ThyssenKrupp to slash heavy plate capacity in major cost-cutting plan

German steelmaker ThyssenKrupp will idle some of its heavy plate production capacity as part of a major cost-savings plan within its European operations, the company announced late last week.

EC decides against anti-dumping duties on HRC from five countries

The European Commission (EC) has decided not to impose preliminary duties on imports of hot rolled coil (HRC) from five countries, the official spokesman told Metal Bulletin on Monday April 10.

Turkish coated coil prices stable as demand stays low before constitutional poll

Coated coil prices in the Turkish domestic market were stable last week, Metal Bulletin has heard.