July 2017

ArcelorMittal, Gerdau to raise Brazilian HRC prices in July

Brazilian flat steel producers ArcelorMittal and Gerdau will follow Usiminas’s move and increase their domestic prices for hot rolled coil (HRC), according to Carlos Loureiro, president of national flat steel association Inda.

Russia’s MMK ups HDG output by 20% with new 360,000-tpy unit

Russia’s Magnitogorsk Iron & Steel Works (MMK) has started up a continuous hot dipped galvanizing (HDG) unit with a capacity to make 360,000 tpy, the company said.

Saudi Arabia HRC import prices increase on strong demand

Hot rolled coil (HRC) import prices into Saudi Arabia increased this week, with demand in the country being strong, Metal Bulletin has heard.

CIS HRC export prices driven up by more costly Chinese material

CIS-origin hot rolled coil (HRC) prices have gone up over the past week, as deals were done at the earlier, higher offer prices, sources told Metal Bulletin this week.

EU minimum import price for HRC 'far from perfect' but will reduce pressure, Jefferies says

Definitive anti-dumping duties on imports of hot rolled coil (HRC) from four countries, along with a minimum import price (MIP), would be a “far from perfect” solution but would help to support domestic steelmakers in the EU, investment bank Jefferies has said.

China's HRC prices retreat as futures lose steam

China’s hot rolled coil prices dipped as the paper market weakened on Tuesday July 18.

China AM: Iron ore, coking coal futures spike after Rio Tinto cuts guidance

China’s iron ore and coking coal futures trended up robustly during morning trading on Tuesday July 18 after Rio Tinto, a major miner for both, reported lower deliveries in the first half of the year and a cut in full-year guidance.

Saudi Arabia to clamp down on standards for colour-coated coil

The Saudi Arabian Standards, Metrology & Quality Organisation (SASO) will ban the trading of pre-painted galvanized coil products which do not comply with its new regulations from October 13, 2017.

IHS Markit launches digital tracking system for physical metals inventory

IHS Markit has created a system to help physical trading firms to track their metals inventory digitally, replacing laborious manual processes.