July 2018

ArcelorMittal agrees to more environmental, social commitments to seal Ilva deal

ArcelorMittal has presented Italian authorities with a list of the additional commitments it has accepted for the lease and purchase agreement for it to acquire steelmaker Ilva.

CIS FLAT STEEL: Market flat on low Chinese HRC prices

The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States were flat as buyers remained wary of further price declines due to weak prices for Chinese material.

EU flat steel distributor shipments drop 5% in June, Eurometal says

European distributors of flat steel products reported a 5.1% year-on-year decrease in shipment volumes in June, the regional federation for the steel, tube and metals distribution and trade, Eurometal, said on Monday July 30.

NORTH AMERICAN MORNING BRIEF 30/07: China domestic rebar prices up; manganese ore exports climb 17%; Chinese daily crude steel output falls

The latest metal markets news and price moves to start the North American day on Monday July 30.

Vietnam's HRC import prices dip on weak demand

Import prices for re-rolling-grade hot-rolled coil sold into Vietnam dipped in the past week on tepid demand.

China HRC: Domestic prices maintain high levels despite thin trading

China’s hot-rolled coil prices remained high on Monday July 30 although trading was sparse, sources said.

Flat Steel Products Trade Log, July 30, 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.

China’s daily crude steel output dips in mid-July

Major Chinese steel mills cut their daily crude steel output rates in mid-July, while finished steel inventory levels increased on lower demand.

China AM: Ferrous futures start week without clear trend

China’s ferrous futures moved in different directions during morning trading on Monday July 30, with the hot-rolled coil and iron ore contracts declining while those for rebar, coking coal and coke ended the session higher.

STEEL WEEK IN BRIEF: Global scrap prices fall; US, EU working to resolve tariff tiff; Italian authorities may cancel Ilva sale...

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