March 2018

Flat Steel Products Trade Log, March 29, 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.

CISA CONF 2018: Shaanxi Steel to expand international reach with investments in Indonesia

West China's Shaanxi Iron & Steel Group, aims to extend its international presence as part of the Chinese ‘one belt, one road’ initiative, with two steelmaking projects in Indonesia.

CHINA HRC: Futures surge amid decreasing inventory levels

China’s hot-rolled coil futures surged on Thursday March 29 but thin buying interest kept spot prices from rising much further after two days of steady gains.

PRICING NOTICE: Metal Bulletin, American Metal Market ferrous pricing schedule for Easter 2018

The publication schedule for Metal Bulletin and American Metal Market ferrous price assessments over the Easter period is dependent upon location and is outlined below:

China AM: Ferrous futures rise for third morning in a row

China’s ferrous futures experienced a third morning of gains on Thursday March 29 after big losses toward the end of last week after both the country and the United States announced fresh tariffs against each other’s products.

EUROPE CRC: Domestic prices stable despite decline in import offers

Domestic prices for cold-rolled coil (CRC) in Europe have been stable over the past week despite a decline in import offers, sources told Metal Bulletin this week.

EUROPE HRC: Domestic mills 'will use safeguard case to raise prices'

European mills are expected to use the region’s newly launched safeguard case into steel import to increase their prices for hot-rolled coil (HRC), market sources told Metal Bulletin on Wednesday March 28.

EUROPE PLATE: Domestic prices under pressure from poor demand

Domestic prices for heavy steel plate in Europe have been under pressure because of slow trading activity, sources told Metal Bulletin this week.

Saudi Arabia steel authority calls for urgent action against dumped imports

Saudi Arabia’s National Committee for Steel Industry (NCSI) called on Tuesday March 27 for urgent action to be taken against imports being dumped into the country, specifically by raising import duties.

CHINA HRC: Domestic prices rise further on early gains in futures market

China’s hot-rolled coil prices maintained their upward momentum on Wednesday March 28 on early gains in the paper market.