July 2017

China AM: Steel contracts lead morning descent in ferrous futures market

The rebar contract took the lead again in China’s ferrous futures market during morning trading on Thursday July 27, this time in a downward direction.

Southern European mills increase domestic coil offers

Southern European mills increased their coil offers this week, with the higher domestic prices supported by a lack of competitive imports, sources told Metal Bulletin.

Brazilian steel institute cuts forecasts for 2017 consumption, sales

The Brazilian steel institute, Aço Brasil, has revised downward its forecast for the country’s steel consumption and sales this year, due to the weak domestic market.

Brazil to conclude HRC anti-dumping probe in September, Aço Brasil says

The conclusion of Brazil’s anti-dumping investigation into imports of hot rolled coil (HRC) from China and Russia is expected to be announced in September, according to national steel institute Aço Brasil.

Russian domestic HR, CR sheet prices up, driven by strong exports

Prices for Russia-origin hot rolled (HR) and cold rolled (CR) sheet have risen over the past week, with higher offers driven by growth in CIS flat steel export prices.

Northern European steelmakers to increase coil offer prices

Northern European steelmakers are expected to announce a substantial increase in offer prices for coil products, sources have told Metal Bulletin.

Minimum import price on HRC in Europe only a 'victory for buyers'

The application of a minimum import price (MIP) on hot rolled coil (HRC) in Europe is a “victory for buyers”, but it will not guarantee protection for domestic steelmakers from cheap imports, market sources have told Metal Bulletin.

Import HRC prices up in Iran, buying weak

Import hot rolled coil (HRC) prices in Iran continued to grow in the week ending Wednesday, July 26, as CIS producers increased their offers.

Saudi Arabia HRC import prices decrease slightly

Hot rolled coil (HRC) import prices into Saudi Arabia fell slightly this week, as buyers preferred to wait and see if the price falls would continue, sources told Metal Bulletin.