July 2017

MMK sales of CRC down by 27% in Q2 2017

Russia’s Magnitogorsk Iron & Steel Works (MMK) saw its sales of cold rolled coil (CRC) fall by 27.41% year-on-year in the second quarter of 2017, the company said on Monday July 17.

EU exempts Serbia from anti-dumping probe on HRC imports

The European Commission (EC) has excluded Serbia from its anti-dumping investigation into hot rolled coil (HRC) imported from five countries, according to a preliminary document seen by Metal Bulletin.

Turkish buyers book HRC from Ukraine, prices narrow downwards

Turkish buyers booked hot rolled coil (HRC) from Ukraine last week, as flat steel import prices narrowed downwards in the country.

China's spot HRC prices ride on futures surge

China’s hot rolled coil prices increased sharply on the back of substantial growth in the paper market on Monday July 17.

China AM: Futures surge amid strong steel, GDP data

China’s ferrous futures largely opened high and extended their gains during the morning session on Monday July 17 following the release of data pointing to solid growth in the country’s steel output and economy, in addition to gains in the billet market over the weekend.

Latin American coil export prices rise on deals in Europe, local markets

Latin American export prices for hot rolled coil (HRC) and cold rolled coil (CRC) increased this week on new offers and deals closed by Brazilian companies.

STEEL WEEK IN BRIEF: Surge in HRC, billet and slab prices on the rise, iron ore index above $65 per tonne

Metal Bulletin reviews the major stories affecting the steel market over the past week.

EU steel imports to drop in H2 2017 regardless of trade cases, Jefferies says

Steel imports into the European union are likely to decline in the second half of the year, regardless of trade case outcomes, according to investment bank Jefferies.

Turkish coated coil prices increase, demand strong

Coated coil prices in Turkey’s domestic market increased this week, while demand for the products was strong.