December 2017

PRICING NOTICE: Discontinuation of Iran import HDG coil price

Metal Bulletin has today discontinued its price assessment for Iran import hot-dipped galvanized coil cfr Iranian ports.

FOCUS: Asia traders more interested in China's tax rebates than cuts

Changes in tax rebates for chromium-containing alloyed steel exports would be more important than the recently-announced cuts in export duties for boron-containing steel, traders in Asia told Metal Bulletin this week.

CHINA HRC: Domestic prices fall amid slumping futures

China’s domestic prices for hot-rolled coil retreated on Tuesday December 19 after the paper market nosedived.

China AM: Ferrous futures weaken further

China’s ferrous futures fell during morning trading on Tuesday December 19 even as physical prices for steelmaking raw materials increase while several major mills announced higher list prices for their steel products in January.

HRC import prices in Vietnam strengthen as sellers hike offers

Import prices for re-rolling-grade hot-rolled coil in Vietnam rose further over the past week, with overall strength in the Asian ferrous markets encouraging sellers to raise their offers.

Major mills in China raise flat steel list prices for January

Several major Chinese mills have raised the list prices for most of their January-delivery flat steel products.

CDP joins ArcelorMittal joint venture buying Italy’s Ilva

Italian government agency Cassa Depositi e Prestiti (CDP) has signed an agreement with AM Investco, the ArcelorMittal-led joint venture buying Italian steelmaker Ilva.

CIS FLAT STEEL: Prices grow on better demand

CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) export prices pushed up again this week, on improving demand and supported by rising iron ore and scrap values, sources said.

CHINA HRC: Domestic prices hold steady amid fluctuating futures

China’s domestic market for hot-rolled coil were largely stable on Monday December 18, with inactivity keeping prices flat in the northern region while those in the east edged up.

Flat Steel Products Trade Log, December 18, 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.