June 2018

Flat Steel Products Trade Log, June 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.

ASIAN MORNING BRIEF 28/06: Tin prices tumble by more than 2% on LME; trade tensions continue to pressure Comex copper; US copper premium holds steady this week

The latest news and price moves to start the Asian day on Thursday June 28.

EUROPE HRC: Steelmakers announce $23 per tonne domestic price hikes

Most European steelmakers have increased their hot-rolled coil prices by €20 ($23) per tonne this week, sources told Metal Bulletin on Wednesday June 27.

Italian authorities delay Ilva acquisition by ArcelorMittal until September

The Italian authorities have postponed the takeover of steelmaker Ilva by ArcelorMittal until September 15, the minister of economic development, labour & social policies, Luigi Di Maio, said this week.

EUROPE PLATE: Domestic mills increase official offers

European mills have increased their official domestic offers for heavy steel plate across the EU, sources told Metal Bulletin.

India’s JSW to increase Vijayanagar crude steel capacity to 13 mln tpy

India’s JSW Steel will increase crude steel production capacity at its integrated Vijayanagar works in Karnataka state by 1 million tonnes per year to 13 million tpy by 2020, the company said this week.

CHINA HRC: Domestic prices widen after buyers return

China’s domestic hot-rolled coil prices widened on Wednesday June 27 after trading activity picked up in the latter half of the day in response to lower offers, a situation that traders went on to capitalize on.

China AM: Ferrous futures mostly down on weaker sentiment

China’s ferrous futures largely trended downward during morning trading on Wednesday June 27 on weaker sentiment, dampening trading activity in the spot market. Uncertainty over China's monetary policy adjustments and a brewing global trade war were among the factors weighing on sentiment.

Lull persists in China’s plate export market

Export prices for Chinese steel plate were flat over the past week amid subdued overseas demand, although export offers from China remained high due to support from domestic prices.

China’s CRC, HDG export markets remain at a standstill

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil were again unchanged over the past week, keeping relatively steady since the start of June, amid sparse trading resulting from sustained buyer resistance.