February 2018

China’s CRC, HDG export offers up amid bullish outlook

Export offers for Chinese cold-rolled coil and hot-dipped galvanized coil have increased over the past week amid a strong domestic market and bullish sentiment.

China’s plate export prices surge on domestic market gains

China’s plate export prices have risen rapidly over the past couple of weeks amid surging prices in the country’s domestic market coupled with news of production limits being extended in some regions.

ASIAN MORNING BRIEF 28/02: LME base metals mostly ease on surging dollar; Comex copper retreats further; historic payment structures allowing zinc smelters to boost output

The latest news and price moves to start the Asian day on Wednesday February 28.

ArcelorMittal to invest $20 mln to expand Neuwied service center

ArcelorMittal is planning to invest a further €10 million ($12.31 million) by the end of this year in the expansion of its service center in Neuwied, Germany, the company said on Tuesday February 27.

LATIN AMERICA FLAT STEEL WRAP: Import prices set to rise in March

The import markets for flat steel products in South American countries were very muted this month because of the Chinese new year holiday, which took place February 15-21.

Flat Steel Products Trade Log, February 27, 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.

GULF FLAT STEEL IMPORTS: Prices dip despite strong UAE demand

Some flat steel import offer prices in the United Arab Emirates and Saudi Arabia decreased this week despite the strong demand in the UAE, sources told Metal Bulletin on Tuesday February 27.

CHINA HRC: Export prices build on domestic market strength

China’s hot-rolled coil export prices exceeded the $600-per-tonne mark on Tuesday February 27 while the domestic market stabilized after Monday’s surge.

China AM: Futures fall despite Handan's extension of steelmaking caps

China’s ferrous futures largely trended downward during morning trading on Tuesday February 27 apart from the coking coal contract despite Handan city announcing an extension to its steel production caps.

China’s Handan extends steel production limits until March 31

Handan, a major steel-producing city in north China’s Hebei province, will step up its steelmaking curbs by cutting production by 50-55% until the end of March, according to an official notice from its local government late on Monday February 26.