August 2018

CHINA HRC: Prices steady on sparse trading

China’s domestic and export hot-rolled coil prices were largely steady on Friday August 24 amid sparse trading.

Flat Steel Products Trade Log, August 24, 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: Coking coal futures fall

China’s ferrous futures were largely rangebound during morning trading on Friday August 24, though the coking coal contract ended significantly lower than its opening price in comparison with the movements of the other contracts.

Brazilian flat steel sales rise 4% in July amid talks of price increases

Brazilian flat steel sales from distributors increased by 4.10% year-on-year in July, due to a recovery in the automotive and truck sector.

BRAZIL STEEL CONF: Infrastructure projects 'could consume 8.40 mln tonnes of steel'

Removing the blocks to progress on existing infrastructure works in Brazil could create demand for around 8.40 million tonnes of steel products over the next few years, according to a study by consultancy E8 Inteligência.

ArcelorMittal committed to buying Ilva despite Italy's economy minister claiming tender is invalid

ArcelorMittal remains committed to its acquisition of Italian flat-rolled steel producer Ilva and to acting as a responsible owner and operator of the business, a company spokesman told Metal Bulletin on Thursday August 23.

Tender to sell Ilva might be invalid, economy minister says

The tender for the sale of Italian flat steel producer Ilva might be invalid, the country’s minister for economic development, Luigi Di Maio, said on Wednesday August 22.

NORTH AMERICAN MORNING BRIEF 23/08: US Tariffs push metals lower; Norsk Hydro ceo interview; Teck smelter shutdown

The latest metal markets news and price moves to start the North American day on Thursday August 23.

CHINA HRC: Domestic prices dip but export offers rise despite weak demand

China’s domestic hot-rolled coil prices dipped on Thursday August 23 amid weak demand, while export offers remained relatively high despite an absence of bids.