March 2018

WTO members 'concerned' about US tariffs' effect on global trading

Members of the World Trade Organization (WTO) have voiced concerns about the decision by the United States to impose tariffs on imports of steel and aluminium, and the effect these may have on the global trading system.

India HRC import price down $15 per tonne

Indian import prices for commercial-grade hot-rolled coil fell by at least $15 per tonne after a consortium of Indian importers booked Japanese HRC at $670-675 per tonne cfr Mumbai for May-June shipment.

South America's HDG import prices rise; HRC, CRC stable

Hot-dipped galvanized coil (HDG) import prices in South America increased this week on fresh deals and offers, while prices for other flat steel goods were unchanged.

Flat Steel Products Trade Log, March 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 COATED FLAT STEEL: HDG prices fall on weak demand

Some producers of hot-dipped galvanized coil (HDG) in Turkey reduced their prices this week amid weak demand in the domestic and export markets.

TURKEY FLAT STEEL: Some prices dip as demand slides again

Some flat steel prices in Turkey’s domestic and import markets went down slightly this week, although export prices were unchanged despite weak demand, market participants told Metal Bulletin on Friday March 23.

CHINA HRC: Prices nosedive amid trade tensions with US

China’s hot-rolled coil prices tumbled on Friday March 23 along with the paper market amid mounting trade tensions between the country and the United States.

China AM: Ferrous futures sell-off as China-US trade tensions mount

Ferrous futures in China plunged during the morning trading session amid trade tensions between the country and the United States, with both announcing tariffs on each other’s products.

Brazilian flat steel market 'concerned' about possible price increases

The Brazilian flat steel market is concerned about a possible increase in domestic prices, although no adjustment has been officially announced, several sources told Metal Bulletin.

UK Steel applauds Section 232 tariff exemption for EU, calls for action to stop ‘import surge’

The temporary exemption granted to EU countries from steel import tariffs in the United States is a “cause for optimism” but action should be taken to avoid a glut of imports from countries which will be affected by the measures, industry group UK Steel said on Thursday March 22.