April 2017

China AM: Futures soften amid weaker coal, billet prices

China’s ferrous futures moved down during morning trading on Monday April 24, amid price drops in the coking coal and billet markets.

STEEL WEEK IN BRIEF: Bearish steel markets, US wire rod case, worrying news from China

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

Global steel demand to rise 1.3% in 2017, Worldsteel says

Global demand for finished steel products is forecast to grow by 1.33% this year, to 1.535 billion tonnes, the World Steel Assn (Worldsteel) said in its short-range outlook on Friday April 21.

Erdemir Group reports earnings up 262% in Q1 2017

Turkish steelmaking group Erdemir has announced earnings before interest, taxes, depreciation and amortisation (Ebitda) of TRY1.33 billion ($362.44 million) for the first quarter of 2017.

UK steel exports worth $448m ‘at risk’ from US protectionism

UK steelmakers are warning of potential damage to the country’s steel exports to the USA “as a result of being caught up in US protectionist measures to counter the dumping of cheap Chinese steel”, industry body UK Steel said on Friday April 21.

Turkish domestic flat steel prices fall as demand weakens

Turkish flat steel producers have started to reduce their prices as demand weakens in the domestic market.

Turkish flat steel import prices fall on lower offers from CIS

The prices of flat steel imports into Turkey decreased this week as offer prices from the CIS region were lowered, Metal Bulletin has heard.

Domestic-import steel price differences in Brazil 'unsustainable', Usiminas says

The difference between domestic and import steel product prices in Brazil is not sustainable in the long term, the ceo of flat steel producer Usiminas, Sérgio Leite, told analysts on Thursday April 20.