February 2018

Turkish steel associations slam US Section 232 report

The trade protection measures suggested in the Section 232 report submitted to the US government would create “deviations in global trading” and increase unfair trade competition, according to steel trade associations in Turkey.

NORTH AMERICAN MORNING BRIEF 21/02: Glencore’s 2017 profit up four-fold; Copper premiums stable; Eramet’s record manganese ore output

The latest metal markets news and price moves to start the North American day on Wednesday February 21.

Indian steel market fears export market price drops if Section 232 tariffs applied

Indian steel product export prices could fall if high import tariffs are applied to steel from countries such as South Korea, Turkey and Japan by the United States, sources have told Metal Bulletin.

BHP forecasts rise in Chinese steel mill utilization rates, inventories

BHP expects China’s blast furnaces to return to their high utilization rates prevalent before restrictions were put in place for the country’s November-March winter heating season in the northern region.

Japan's crude steel output flat in January

Japan’s crude steel output was largely unchanged in January compared with a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).

ASIAN MORNING BRIEF 21/02: Base metals retreat; US Section 232 creates issues abroad; two companies seek LME Category 5 membership

The latest news and price moves to start the Asian day on Wednesday February 21.

Brazilian flat steel sales up 19% in January on price movements, rising demand

Sales of flat steel products by distributors in Brazil increased by 18.80% year-on-year in January, due to better performances by steel-consuming industries and price changes made during the month, according to local flat steel association Inda.

NLMK earnings reach eight-year high in 2017

Earnings at Russia’s largest steelmaker, Novolipetsk Steel (NLMK), reached $2.66 billion over the full year of 2017, its highest figure since 2009, the producer said in a recent financial report.

Argentina's crude steel output up 18% in Jan

Crude steel output in Argentina increased 18% year on year in January, according to figures released by national steel association Acero Argentino on Tuesday February 20.

GULF FLAT STEEL IMPORTS: Stable demand nudges some prices upward

Some flat steel import offer prices in the United Arab Emirates and Saudi Arabia continued to increase this week on stable demand, sources told Metal Bulletin on Tuesday February 20.