August 2018

Flat Steel Products Trade Log, August 23, 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 STEEL SPOTLIGHT: Production to peak in mid-2020s once demand doubles

China steel production is supposedly yet to peak in the next decade due to expectations that the country will double its domestic steel usage over time, miner BHP said in a commodity outlook this week.

Steel products trade case started 'to protect Russia from Ukrainian imports'

A safeguard investigation begun by the Eurasian Economic Commission (EEC) was started primarily to protect the Russian market from imports originating in Ukraine, market sources have told Metal Bulletin.

RUSSIA FLAT STEEL: Mills raise prices to boost domestic market [UPDATED]

Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia’s Central Federal District around Moscow have increased this week with mills trying to keep their domestic market profitability high compared with export sales.

EUROPE CRC: Prices to remain stable until late August-early September

Domestic prices for cold-rolled coil in the EU will remain stable until late August-beginning of September, when market will start to recover from seasonal market slowdown.

EUROPE HDG: Prices largely stable in slow market

Domestic prices for hot-dipped galvanized coil (HDG) have been largely unchanged over the week due to the seasonal market slowdown, sources told Metal Bulletin.

EUROPE HRC: Domestic prices stabilize in slow market

EU domestic prices for hot-rolled coil (HRC) have been stable over the past week with market activity not yet recovered from the summer slowdown, sources told Metal Bulletin on Wednesday August 22.

EUROPE PLATE: Prices stabilize in seasonally slow market

European heavy steel plate prices have remained stable over the past week, mainly due to the seasonal market slowdown, sources told Metal Bulletin.

Liberty House ‘among front-runners’ to buy Ostrava, Galati steel mills, sources say

International metals group Liberty House is “among the front runners” to buy ArcelorMittal’s Galati plant in Romania and its Ostrava site in the Czech Republic, market sources told Metal Bulletin on Wednesday August 22.