April 2017

CIS export HRC, CRC prices plunge by $20-35

Export prices for CIS-origin hot rolled coil (HRC) and cold rolled coil (CRC) have dropped by between $20 and $35 per tonne over the past week, following the dynamics in Chinese flat steel exports.

Brazilian flat steel imports more than double in March

Brazilian flat steel import volumes more than doubled in March 2017 compared with the corresponding month last year.

Turkish HRC export prices fall, demand still weak

Turkish hot rolled coil (HRC) export price offers fell last week, as demand remained weak.

India’s Essar Steel raises full-year flat steel output by 47%

Indian steelmaker Essar Steel increased its flat steel output by 47.37% year-on-year in the twelve months to March 31, 2017.

China’s HRC prices drop on rising inventory pressure

China’s hot rolled coil prices fell on Monday April 10 amid increasing pressure from high inventory levels.

Flat Products Trade Log, April 10, 2017

Latest transaction: Hot rolled coil

China AM: Ferrous futures start week lower despite weekend billet rally

China’s ferrous futures all dropped during morning trading on Monday April 10 despite billet prices increasing over the weekend.

Argentina’s flat steel prices up, discounts heard for long steel goods

Argentinian flat steel prices increased this month due to the country’s inflation rate and local currency moves, while discounts were heard for some long steel products.

STEEL WEEK IN BRIEF: Iron ore prices plunge, coking coal market affected by Australia's flood damage, EU anti-dumping duty on Chinese HRC...

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

Brazilian flat steel prices drop in April on market discounts

Prices for flat steel products in the Brazilian domestic market have fallen in the first days of trading in April as mills are granting discounts amid weak demand levels.