July 2017

China AM: Futures pick up after night session losses

China’s ferrous futures gained some ground during morning trading on Friday July 21, after tanking in the preceding night’s session.

ASIAN MORNING BRIEF 21/07: Base metals trend lower; LME zinc contract imperiled by reliance on NOLA stocks; Alcoa would consider restarts

The latest news and price moves to start the Asian day on Friday, July 21.

Severstal earnings up 20% in Q2 on favourable price environment

Russian steelmaker Severstal’s earnings rose by 19.58% year-on-year in the second quarter of 2017, the company said on Thursday July 20.

Latin America's crude steel output up 2% in June

Latin America’s crude steel production increased by 2% year-on-year in June, to 5.10 million tonnes, according to figures released by regional steel association Alacero on Thursday July 20.

Serbia’s Smederevo to target EU coil market after tariff exemption

Serbian steelmaker Železara Smederevo is to focus its attention on the EU coil market after the European Commission (EC) decided against applying duties to Serbian material, the company said this week.

Severstal to continue HRC sales to Europe after duties begin

Russian steelmaker Severstal expects to continue to make shipments of hot rolled coil (HRC) to Europe after proposed trade restrictions are imposed, cfo Alexei Kulichenko said on Thursday July 20.

Minimum import price on HRC imports 'will not stop dumping', Eurofer says

The application of a minimum import price (MIP) on hot rolled coil (HRC) would not be enough to stop dumping of the material from four countries named in a trade case, European steel association Eurofer said on Thursday July 20.

Northern European mills increase HRC offers on higher costs, recovering demand

Northern European steelmakers have increased their official hot rolled coil (HRC) offers on higher raw material costs and a recovery in the global flat steel market, sources told Metal Bulletin.

China's HRC prices dip on futures losses, sparse trading

China’s hot rolled coil prices fell on Thursday July 20 following a steep decline in futures and little buying interest.