August 2018

STEEL WEEK IN BRIEF: Trump grants limited 232 exemptions, Turkish mills resume scrap bookings

Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 31.

Italian unions announce September 11 strike action at Ilva over sale uncertainty

Italian steel trade unions have announced company-wide strike action at troubled Italian steelmaker Ilva, to take place on Tuesday September 11, four unions said in a joint statement on Friday August 31.

TURKEY COATED FLAT STEEL: Prices fall, demand weakens as lira slides again

Prices for coated steel coil products in Turkey decreased in the week ended Friday August 31, with sentiment turning negative after the Turkish lira started to lose further value after the week-long Eid al-Adha religious holiday of last week.

TURKEY FLAT STEEL: Sentiment negative as lira keeps losing value

Sentiment in Turkey’s flat steel market has worsened with the country’s lira losing further value after last week’s Eid al-Adha religious holiday, sources told Metal Bulletin on Friday August 31.

Flat Steel Products Trade Log, August 31, 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 HRC: Prices continue to drop on expected supply rise

China’s domestic hot-rolled coil prices continued to drop on Friday August 31 amid expectations of supply picking up in the days to come with the lifting of restrictions on steel production in Tangshan in the country’s northern region.

PRICING NOTICE: Discontinuation of Iran import HRC, CRC price assessments

Metal Bulletin has today discontinued its weekly price assessments for Iranian imports of hot-rolled coil (HRC) and cold-rolled coil (CRC).

China AM: Steel futures fall on lower PMI

China’s steel futures tumbled again during morning trading on Friday August 31 after experiencing losses a day earlier, following the release of data showing a drop in the country’s steel purchasing managers’ index (PMI)

EUROPE HRC: Domestic prices to move up despite competitive offers from Turkey

Domestic prices for hot-rolled coil (HRC) in the EU were expected to move upward despite competitive import offers from Turkey, sources told Metal Bulletin on Thursday August 30.