November 2018

Brazilian steelmakers fear rushed import tariff decrease could hit industry

Brazilian steelmakers are concerned that the domestic industry will struggle if President-elect Jair Bolsonaro reduces or does away with import tariffs when he takes office in January 2019, sources told Fastmarkets MB last week.

EUROPEAN MORNING BRIEF 26/11: SHFE base metals prices broadly down; skepticism for QME’s international aspirations; Aurubis mulls cu concs deal

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Monday November 26.

China AM: Ferrous futures start week subdued

China’s ferrous futures trended downward during morning trading on Monday November 26 amid a weak spot market.

STEEL WEEK IN BRIEF: CIS pig iron and slab prices fall, Vietnam HRC slips, Egypt urged to put duty on billet...

Fastmarkets reviews the major stories that have affected the steel market during the week ended Friday November 23.

Steel price rises to Brazil carmakers above 20% in 2019, Usiminas says

Price increases for the steel supplied to carmakers in Brazil may exceed 20% in 2019 despite the downward price trend in China, the chief financial officer of Brazilian steelmaker Usiminas, Alberto Ono, said on Friday November 23 during an investor meeting.

Indian importers may buy Chinese HRC as South Koreans pull back

Indian importers are considering imports of hot-rolled coil (HRC) from China because South Korean suppliers have exited the Indian market due to falling prices.

TURKEY COATED FLAT STEEL: Prices stable despite falls in HRC costs

Domestic prices for coated steel coil products in Turkey were mostly stable in the week ended Friday November 23, with demand remaining limited.

TURKEY FLAT STEEL: Prices fall on seasonally sluggish demand

Domestic and import prices for steel coil products in Turkey have decreased this week due to limited demand, sources told Fastmarkets on Friday November 23.

Flat Steel Products Trade Log, November 23, 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: Prices drop on bearish outlook

China’s hot-rolled coil market resumed its downward trend on Friday November 23 with participants still having a pessimistic outlook.