July 2017

China AM: Futures move up as capacity cut beats target

China’s ferrous futures largely trended upwards during morning trading on Thursday July 20, after news that the country has completed this year’s crude steel capacity cut ahead of time.

Central European HRC prices up $12 on higher raw materials costs

Domestic prices for hot rolled coil (HRC) in Central Europe have moved up by €10 ($12) per tonne over the week, market sources told Metal Bulletin on Wednesday July 19.

Saudi Arabia’s Unicoil develops coloured thin organic coated coil

Saudi Arabia’s Unicoil has begun to produce a hot dipped galvanized coil with a thin coating of organic colour, called Mogalvin CTOC, the company said on Tuesday July 18.

EU domestic plate offers rise on higher raw materials, slab prices

European mills increased their domestic heavy steel plate offers this week, in response to rising slab and and raw materials prices, sources told Metal Bulletin.

Italy’s Feralpi reports 4.25% rise in crude steel output in H1 2017

Italian steelmaker Feralpi has reported a 4.25% year-on-year increase in crude steel production in January-June 2017, it said on Wednesday July 19.

Liberty House to restart weathering steel plate production at Scottish mills

International steel and metals group Liberty House is to restart production of heavy-duty steel plate at its Dalzell and Clydebridge plate mills in Lanarkshire, Scotland, it said on Wednesday July 19.

Flat steel import prices move up in Iran on reduced supplies from CIS

Flat steel import prices continued to move up in Iran over the past seven days, in line with the positive trend in the global market, sources told Metal Bulletin.

Russian domestic CR sheet prices rise on higher offers

Offer prices for Russia-origin cold rolled (CR) sheet have widened upward over the past week by 1,400 roubles ($24) per tonne, while prices for hot rolled (HR) sheet have narrowed downward by less than half that amount, Metal Bulletin has heard.

UAE flat steel import prices rise on improved demand

Flat steel import prices into the UAE increased this week, with demand in the country improving, Metal Bulletin has learnt.

What has forced China to get serious on aluminium, steel capacity cuts?

The past year has seen a pick-up in Chinese government activity to close excess capacity in steel and base metals – particularly for aluminium; Jim Lennon, Red Door Research Ltd’s md, assesses whether China is really serious about closing capacity.