July 2018

Klöckner forecasts stable stronger demand, higher prices in US, EU in 2018

German metals distributor Klöckner expects its 2018 earnings to be supported by higher demand and steel prices in both Europe and the United States, the company’s two main markets, it said on July 24.

CHINA HRC: Prices largely flat amid sparse trading

China’s hot-rolled coil prices were largely steady on Thursday July 26 amid thin trading.

Flat Steel Products Trade Log, July 26, 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 AM: Futures rangebound in negative territory

China’s ferrous futures largely moved within a narrow range in negative territory during the morning trading session on Thursday July 26.

ASIAN MORNING BRIEF 26/07: Nickel, tin lead pack in LME trading; Escondida union vote set for July 28; Freeport in early labor talks at Cerro Verde

The latest news and price moves to start the Asian day on Thursday July 26.

EUROPE HRC: Safeguard case decision helps raise local prices

Domestic prices for hot-rolled coil (HRC) in Europe have gone up slightly over the past week, supported by the effects of the preliminary decision in an EU safeguard case, sources told Metal Bulletin on Wednesday July 25.

Italian authorities may cancel tender for Ilva won by ArcelorMittal [UPDATE]

Italian authorities have started an investigation that might result in the cancellation of the tender for sale of steelmaker Ilva, which was won by ArcelorMittal, the country’s ministry of economic development said on Tuesday July 24.

EUROPE PLATE: Domestic prices inch up on safeguard case decision

Domestic prices for heavy steel plate in Europe have increased over the past week, supported by the announcement of preliminary measures in a regional safeguard case, sources told Metal Bulletin on Wednesday July 25.

Turkish flat steel export volumes expected to keep growing

Turkish flat steel producers are enjoying strong demand for flat steel materials, mainly hot-rolled coil (HRC), and export demand is expected to remain strong, sources told Metal Bulletin on Wednesday July 25.

CHINA HRC: Prices edge up in eastern region amid declining inventory

East China’s hot-rolled coil prices rose slightly on Wednesday July 25 following gains in the futures market that was attributed to a drop in inventory levels.