April 2017

JSW Steel writes off $809m loans to US subsidiary

Indian steelmaker JSW Steel has written off Rs52.51 billion ($809.12 million) of loans it provided to US subsidiary JSW Steel Holding USA, the company said in a regulatory filing to Indian stock exchange BSE on Sunday April 2.

INTERVIEW: Turkish flat steel exports will keep increasing, Atakas ceo says

Rising export volumes and fluctuating prices will be the most important factors affecting the steel industry in 2017, Cem Üstün, ceo of Turkey’s Atakas Group, has told Metal Bulletin in an interview.

CIS export HRC, CRC prices stable amid uncertainty

Export prices for CIS-origin hot rolled coil (HRC) and cold rolled coil (CRC) have remained largely stable over the past week, although some traders said that a fall in prices was expected while others said that the market was uncertain.

GLOBAL FERRO-SILICON WRAP: European prices hit six-year peak on tight supply

The European spot ferro-silicon market hit its highest point in six years during trading over the week ended Friday March 31 on tight supply against steady demand from steel mills and foundries.

TRADE CASE MONITOR: Around the world in March 2017

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in March 2017.

Turkish flat steel import market slow as buyers watch for China moves

The flat steel import market in Turkey was mostly stable last week, with prices remaining unchanged, Metal Bulletin has heard.

EC proposes new methodology to calculate dumping margins

The European Economic & Social Committee (EESC) supports the proposal put forward by the European Commission (EC) to calculate dumping margins on the basis of benchmarks that take account of significantly distorted production and sale costs, the EESC has said.