April 2017

China’s HRC prices jump on strengthening futures, billet price hike

China’s hot rolled coil prices experienced a sharp increase ahead of the three-day break following the surge in both futures and billet prices.

Net profits at China’s Baosteel, Hesteel, Liugang soar in Q1

China’s leading mills Baoshan Iron and Steel (Baosteel), Hebei Iron and Steel (Hesteel) and Liuzhou Iron and Steel (Liugang) all saw significant increases in net profits for the first quarter this year, according to their financial reports released on April 27-28.

China AM: Futures move up again on billet price spike, mills’ profits

China’s ferrous futures moved up during morning trading on Friday April 28, driven by higher steel billet prices in the domestic market and news of higher profits achieved by major steelmakers in the first quarter.

NLMK Q1 earnings double, driven by higher steel, raw materials prices

Earnings at Russia’s largest steelmaker, Novolipetsk Steel (NLMK), more than doubled year-on-year in the first quarter of 2017, the company said on Thursday April 27.

Sweden's BE Group boosts Q1 earnings on higher prices

Swedish steel trading company BE Group’s earnings jumped during the first quarter of 2017 amid higher steel prices, the company said on Thursday April 27.

Hyundai Steel’s Q1 profit up 30% on higher prices

Hyundai Steel has reported a 30% jump in operating profit for the first quarter of this year, as it benefited from higher selling prices for both flat and long steel products.

Thailand to extend safeguard duty on non-alloy flat steel imports

Thailand proposes extending by a further three years its safeguard duty on imports of non-alloy hot rolled flat steel products that are mainly sourced from India, Russia and South Korea.

Domestic HRC prices down across Europe

Domestic hot rolled coil (HRC) prices in fell across Europe this week, while the hot dipped galvanized coil (HDG) remained stable, sources told Metal Bulletin.

EU steel plate prices inch down on limited activity

Domestic prices for heavy steel plate in Europe moved slightly down in a slow market this week, sources told Metal Bulletin.