July 2017

Turkish flat steel demand strong, prices stable

Demand for flat steel in Turkey’s domestic market was strong this week, but prices were mostly stable after the increases last week.

South America's HRC, CRC prices rise on higher Chinese offers

Import prices for both hot and cold rolled coil in South America increased again this week, led by higher offers from China.

NLMK cuts slab, pig iron sales in Q2

Russia’s Novolipetsk Steel (NLMK) reduced its sales of merchant pig iron and slab in the second quarter of 2017 amid higher deliveries to some of its foreign subsidiaries and affiliates, and higher finished steel sales, the company said on Friday July 14.

German steel demand, output to keep rising into 2018, RWI says

Consumption and production of steel products in Germany will continue to increase as the country’s economy strengthens over the next two years, research institute RWI Essen said this week.

China's HRC prices drop as trading thins

China’s hot rolled coil prices dropped slightly on Friday July 14 as trading activity dipped on retreating futures.

China AM: Ferrous futures make first poor morning showing this week

China’s ferrous futures mostly ended morning trading lower on Friday July 14, snapping a four-day streak that began at the start of this week.

China’s Hesteel stalls negotiations for US Steel Kosice takeover, local media say

China’s Hesteel has interrupted its negotiations for the purchase of US Steel’s subsidiary in Slovakia, US Steel Kosice, according to local media reports in the Eastern European country.

Ukraine’s rolled steel output down 20% in H1

Ukraine produced 8.70 million tonnes of rolled steel products in January-June this year, down by 20% year-on-year, according to national steelmakers’ union Ukrmetallurgprom.

EU flat steel distributor shipments up 3.5% in May

European flat steel distributors reported a 3.50% year-on-year growth in shipment volumes in May 2017.