August 2018

US hot-rolled, cold-rolled steel prices soar past those abroad

Steel prices in the United States are at their highest point versus steel prices abroad since the 2008 financial crisis.

CIS FLAT STEEL: Market falls on weak demand

Prices in the export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States fell during the week ended Tuesday August 28 on low demand in the Middle East-North Africa (Mena) region.

Flat Steel Products Trade Log, August 28, 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.

GULF FLAT STEEL IMPORTS: Prices mostly stable, demand low after holidays

Flat steel import prices in the United Arab Emirates and Saudi Arabia have been mostly stable in the past week, with demand remaining poor after the eid religious holiday, sources told Metal Bulletin on Tuesday August 28.

CHINA HRC: Spot prices stable despite futures fluctuations

China’s hot-rolled coil prices were largely stable on Tuesday August 28 despite fluctuations in the futures market.

Japan's crude steel output falls 2% in July

Japanese crude steel output dipped in July from a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).

China AM: Ferrous futures make up for some losses from Monday

China’s ferrous futures trended upward during morning trading on Tuesday August 28, making up for some of the losses incurred a day earlier.

Baowu Steel reports 62% increase in H1 net profit

Baowu Steel Group Corp, China’s largest steelmaker, reported increases in its net profit and revenue for the first half of 2018 on higher steel prices.

Slab prices in Asia flat amid quiet market

Import prices for steel slab in Southeast Asia and East Asia were unchanged over the past week, with re-rollers mostly refraining from procuring materials due to market uncertainties and lackluster sales for flat products.

US plate prices flat; buyers concerned about spot supply

Steel plate buyers in the United States are concerned about spot supply, although domestic prices have been flat over the past week.