July 2017

Brazil's Usiminas to raise HDG, plate prices in August

Brazilian flat steel maker Usiminas will raise its prices for heavy plate and hot dipped galvanized coil (HDG) for the domestic market, it announced on Friday July 28.

Flat steel imports 'scarce' in South America as offers go too high

High-priced offers for flat steel products from China have prevented import deals from being concluded in the South American market this week, Metal Bulletin has heard.

Usiminas Q2 earnings surge on steel performance, port deal

Brazilian iron ore producer Usiminas has reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of 750 million Reais ($238.30 million) in the second quarter of 2017 – its best result for the past 28 quarters.

Salzgitter forecasts huge jump in its H1 earnings

German steelmaker Salzgitter has made a preliminary announcement of a 522.36% year-on-year jump in its earnings for January-June 2017.

China's HRC prices rebound on data showing drop in inventory

China’s hot rolled coil prices rebounded on Friday July 28 amid bullish sentiment spurred by the release of data showing a drop in inventory levels.

PRICING NOTICE: AMM launches HRC index

Metal Bulletin sister title AMM has switched its weekly hot rolled coil (HRC) price to an index basis fob Midwest mill from an assessment effective Thursday July 27.

China AM: Ferrous futures tumble in last half hour after early gains

China’s ferrous futures dropped in the last 30 minutes of the morning trading session following some early-hour gains on Friday July 28.

ASIAN MORNING BRIEF 28/07:Tin contract jumps; China targets import waste products; Celsa adding surcharge

The latest news and price moves to start the Asian day on Friday, July 28.

ArcelorMittal to boost flat steel output with Eisenhüttenstadt investment

ArcelorMittal is planning to increase flat steel production by 100,000 tpy at its site in Eisenhüttenstadt, in eastern Germany, a spokesman told Metal Bulletin this week.

China's HRC prices fall after morning plunge in paper market

China’s hot rolled coil prices decreased on Thursday July 27 following an early-day slump in the paper market.