November 2018

Big construction projects to drive Middle East steel demand, survey finds

Demand for steel in the Middle East is expected to increase marginally over the next five years, mainly because of big construction projects, professionals from across the sector told Fastmarkets in a survey before the 22nd Middle East Iron & Steel Conference to be held in Dubai this December.

TURKEY COATED FLAT STEEL: Prices increase slightly, demand weak

Domestic prices for coated-steel coil products in Turkey have increased slightly in the week ended Friday November 30 after producers ceased offering discounts, with local Turkish demand remaining limited.

TURKEY FLAT STEEL: Prices 'at bottom' on moderate demand

Domestic and import prices for steel coil products in Turkey have shown different trends this week with demand being affected by a variety of factors, sources told Fastmarkets on Friday November 30.

Flat Steel Products Trade Log, November 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.

China HRC: Exporters continue to lower prices on weak demand

China hot-rolled coil exporters continued to drop their offer prices, forced by overseas buyers who have been refraining from buying on bearish sentiment.

China AM: Ferrous futures drop ahead of weekend

China’s ferrous futures moved lower on Friday November 30, with the May rebar contract leading the drop in the morning trading session.

Brazilian flat steelmakers are granting 5-6% discounts, sources say

Rumors have become stronger recently that discounts are being offered on flat steel prices in Brazil, Fastmarkets heard on Thursday November 29. Imported material has lost value and this has caused competition to intensify in the country, sources reported.

EUROPE HDG: Buyers hold back from new deals on poor market sentiment

European buyers of hot-dipped galvanized (HDG) coil have been watching the market in expectation of a price reduction, sources told Fastmarkets on Thursday November 29.

EUROPE CRC: Slow trading adds to pressure on domestic prices

Domestic prices for cold-rolled coil (CRC) in the EU have been under pressure from slow trading, sources told Fastmarkets on Thursday November 29.