April 2017

China’s export prices for plate soften amid weakening domestic market

China’s export prices for plate dipped further over the past week amid a lacklustre domestic market.

China’s export prices for CRC, HDG fall as inventory pressure intensifies

Export prices for Chinese cold rolled coil and hot dipped galvanized coil (HDG) decreased further over the past week amid thin buying interest in both the domestic and overseas markets.

CHINA STEEL MARKET INSIGHT: China showing signs of economic indigestion

The Chinese economy is growing steadily, with official PMI data suggesting a modest uptrend into March. But with bubbles still obvious in the property market, the government has had to step up its control measures.

Turkey’s Tosyali Toyo almost ready to start commercial production

Turkish steelmaker Tosyali Toyo will start commercial production “soon”, the company’s chairman said last week, but without giving an exact date.

Saudi Arabia HRC import prices decrease, demand still weak

Hot rolled coil (HRC) import prices in Saudi Arabia decreased this week, with demand still weak in the country, Metal Bulletin has heard.

Russian domestic flat steel prices drop on poor demand, slow exports

Domestic prices for hot rolled (HR) and cold rolled (CR) steel sheet in Russia have declined over the past week, as producers cut their offers for April production amid lacklustre demand, weakness in export markets, and other factors.

Eurozone manufacturing PMI hits six-year high in March on more export activity

The purchasing managers’ index (PMI) which measures the eurozone manufacturing sector rose to a 71-month high in March 2017, as companies saw stronger inflows of new work from export and domestic clients.

JSW’s crude steel output jumps 28% in Q1 2017

India’s JSW Steel has reported a 27.73% year-on-year rise in crude steel production for January-March 2017, the company said in a stock exchange filing on April 2.

Eastern Steel eyeing production restart even as M&A talks stall

Malaysia’s Hiap Teck Venture has decided not to extend the deadline to enter into definitive agreements with China’s Angang Group and several other companies for the sale of its shares in Eastern Steel.