February 2018

Chinese HRC exports slump in January

China’s hot-rolled coil exports more than halved in January amid higher selling prices during the booking period for these shipments.

NLMK sees growth opportunities outside Russia

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, sees opportunity for further development outside Russia, where the market is “too small,” according to the company's top executive.

STEEL WEEK IN BRIEF: Section 232 market impacts, Chinese rumors on production limits extension, higher steel prices...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

SECTION 232 WRAP: US import tariffs could wreak havoc on trade flows in other markets

Millions of tonnes of material are likely to be redirected to steel markets outside of the United States if US President Donald Trump levies strict tariffs or quotas on imports after the Section 232 investigation.

Indian mills likely to raise domestic HRC prices by $19 per tonne

Indian mills are likely to increase their domestic prices for hot-rolled coil (HRC) by about 1,500 rupees ($19) per tonne in March because import prices for the material remain higher than those to local buyers.

TURKEY COATED FLAT STEEL: Domestic and export prices increase, demand expected to improve

Domestic and export coated flat steel prices in Turkey increased this week on strong demand, which is expected to strengthen further in the spring, sources told Metal Bulletin on Friday February 23.

Flat Steel Products Trade Log, February 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.

TURKEY FLAT STEEL: Prices edge higher amid stable demand

Flat steel prices in Turkey’s domestic market increased slightly this week amid stable demand, market participants told Metal Bulletin on Friday February 23.

South America's flat steel import prices stable amid inactive Chinese market

Prices for flat steel goods imported into South America were stable this week, with Chinese mills yet to place new export offers in the market after the lunar new year holiday.

CHINA HRC: Futures rebound on expected extension of production limits

China’s hot-rolled coil prices dipped on Friday February 23 as sellers lowered their offers on early losses in the paper market, though the latter went on to rebound in the afternoon on rumors of more production limits.