October 2018

Ternium seeks import market share in Mexico, CEO says

Latin American steelmaker Ternium, based in Luxembourg, said it believes it can take back market share held by imports in Mexico, chief executive officer Máximo Vedoya told analysts on Wednesday October 31. The company is expanding a plant there.

EUROPE HRC: Prices reach market bottom in Northern Europe, sources say

Market participants believe that domestic prices for hot-rolled coil (HRC) in Northern Europe have ‘reached bottom,’ sources told Fastmarkets on Wednesday October 31.

Turkish flat steel exports more than double in September despite weak lira, US tariffs

Turkey’s flat steel exports more than doubled year on year in September, up by 103.67%, with total exports in the year to the end of September up by morre than a quarter (27.88%), according to the Turkish Statistical Institute (TUIK).

Erdemir Group increases earnings in Q1-Q3 despite fall in sales

Turkey’s biggest steel producer, Erdemir Group, sold 5.591 million tonnes of flat steel products in January-September 2018, similar to the 5.590 million tonnes sold in the corresponding period of 2017, the group said last week.

NORTH AMERICAN MORNING BRIEF 31/10: Refined zinc market in deficit in 2019; Vietnam new 1-mln-tpy billet mill; China’s HRC prices fall

The latest metal markets news and price moves to start the North American day on Wednesday October 31.

CHINA HRC: Prices tumble on bearish outlook

China’s hot-rolled coil prices tumbled on Wednesday October 31 amid persistently weak demand, with buyers remaining on the sidelines on expectations of the market softening further.

Flat Steel Products Trade Log, October 31, 2018

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 largely recover from Tuesday tumble

Ferrous futures mostly ended morning trading on a slight uptick on Wednesday October 31 following a steep decline during Tuesday night’s session.

China’s plate exporters cut prices further to win orders

China’s plate exporters continued to cut prices over the past week although the domestic market has been stable, with more of them looking to secure more orders abroad.

China’s CRC, HDG export prices decline further on weak currencies, bearish sentiment

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell again over the past week, with suppliers lowering their offers amid a weaker yuan and overseas buyers’ smaller appetites.