April 2017

China’s HRC prices surge on futures, billet gains

China’s hot rolled coil prices posted strong gains on Wednesday April 26 as the paper market advanced for a second consecutive day while that for billet experienced a sharp increase.

China AM: Steel futures continue ascent amid spot market rebound

China’s steel futures rose during morning trading on Wednesday April 26, continuing the gains seen a day earlier, which had been sparked by news of mill shutdowns in the country.

China’s plate export prices flat after domestic market rebound

China’s export prices for plate stopped declining in the past week after a rebound in the domestic market.

China’s export prices for CRC widen upwards on domestic gains

Export prices for Chinese cold rolled coil have widened upwards over the week following a strengthening of the domestic market, while those for hot dipped galvanized coil (HDG) narrowed downwards on thin buying interest.

UAE flat steel import prices decrease, demand remains weak

Flat steel import prices into the UAE decreased this week, while demand remained weak.

Russian domestic CR sheet prices dip on weak demand, fall in exports

Russian domestic prices for cold rolled (CR) sheet have gone down, while those for hot rolled (HR) sheet have remained stable but under pressure over the past week due to poor demand, as well as a fall in export prices for CIS-origin flat steel.

New Ilva owner will be known by May 10, Berenberg says

The winning consortium in the sales tender for Italian steelmaker Ilva will be announced by May 10, according to a research note published by investment bank Berenberg on Monday April 24.

CIS export HRC, CRC prices fall by $5-10 per tonne

Export prices for flat steel from the CIS region have gone down by $5-10 per tonne over the past week, following the dynamics in Chinese export prices, sources told Metal Bulletin on Monday April 24.

METAL BULLETIN DAILY PDFs

Daily PDFs will be downloadable until Monday May 1. After that, because of the UK’s Early May bank holiday, the next daily PDF will be downloadable on Wednesday May 3.