December 2017

India’s Tata Steel to increase steel capacity to 18 mln tpy

India’s Tata Steel is planning to increase its total steel capacity to 18 million tpy by expanding its Kalinganagar operations in the country.

CHINA HRC: Domestic prices subdued but fundamentals improve

China’s domestic market for hot-rolled coil softened for a third consecutive day in Tianjin while prices in Shanghai stabilized after the paper market rebounded following a slump at the start of the week.

Australia abolishes some anti-dumping measures on Asian HRC, plate

Australia’s Anti-Dumping Commission said in a note this week that anti-dumping measures on hot-rolled coil originating in Malaysia, South Korea and Japan will no longer be applied.

Flat Steel Products Trade Log, December 21, 2017

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

China AM: Ferrous futures reverse losses

Ferrous futures in China largely edged up during morning trading on Thursday December 21, following days of decline during the early session that had weighed on the physical market.

EU domestic coil prices stable, expected to rise in January

Domestic prices for steel coil in Europe have been largely unchanged this week due to the seasonal lull in buying activity, but prices are expected to start rising in January, sources told Metal Bulletin.

EUROPE PLATE: Southern European mills push up offers on higher slab costs

Domestic prices for heavy steel plate in Southern Europe moved up this week on higher slab costs, sources told Metal Bulletin.

Turkish steel mills take advantage of China's absence from Southeast Asian markets

Turkish steel mills enjoyed the increasing demand for steel in the absence of Chinese steel mills, who are focusing on their domestic markets, according to the Turkish Steel Exporters Assn (ÇIB).

IRAN FLAT STEEL IMPORTS: Prices soften on lower freight costs, modest demand

Hot-rolled coil (HRC) and cold-rolled coil (CRC) import prices fell in Iran this week, mainly due to falling freight costs and modest demand.