October 2018

ASIAN MORNING BRIEF 31/10: Base metal prices drift lower; EU opens investigation on flat steel venture; LME reaches Brexit resolution

The latest news and price moves to start the Asian day on Wednesday October 31.

EU authorities reschedule decision on ThyssenKrupp, Tata Steel joint-venture to March 19

Competition regulators in the European Union have opened an in-depth investigation into the 50:50 European flat-steel joint venture between ThyssenKrupp and Tata Steel Europe, the European Commission (EC) said on Tuesday October 30.

GULF FLAT STEEL IMPORTS: Prices mostly stable, demand remains weak

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable over the past week, with demand remaining limited, sources told Fastmarkets on Tuesday October 30.

CIS FLAT STEEL: Lower offers, deals confirm downtrend in prices

Export prices for flat steel from the Commonwealth of Independent States (CIS) continued to fall this week, with offers and deals heard at lower levels, according to market participants.

Flat Steel Products Trade Log, October 30, 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.

NORTH AMERICAN MORNING BRIEF 30/10: Nyrstar Q3 profits down; China HRC prices dip; US alloy price falls 3.7%

The latest metal markets news and price moves to start the North American day on Tuesday October 30.

CHINA HRC: Prices fall further amid expectations of further downside

Eastern China’s hot-rolled coil prices continued to fall on Tuesday October 30 amid low demand, with buyers putting off restocking plans on expectations that the market would weaken further.

China AM: Ferrous futures recover from previous morning's fall

China’s ferrous futures ended the morning trading session higher on Tuesday October 30, reversing the trend seen on Monday morning.

Baowu Steel’s net profit rises 35% in January-September

Baowu Steel Group Corp, China’s largest steelmaker, reported increases in its net profit and revenue for the first nine months of 2018.

China’s daily crude steel output dips in mid-October

Major Chinese steel mills cut their crude steel output mildly in the middle of October, while their finished steel inventories continued to rise.