December 2018

MEIS 2018: Snowball effect of Section 232 tariffs affects third of world trade, Mena region at risk - Ezz Steel

The knock-on effect of Section 232 tariffs imposed by the United States in March this year on imports of steel and aluminium has been swift and dramatic.

EUROPE PLATE: Domestic prices steady on seasonal lull, to move down in Jan

Domestic prices for heavy steel plate in Europe have been largely stable due to the seasonal market slowdown ahead of Christmas, sources told Fastmarkets on Wednesday December 19.

EUROPE SECTIONS: Market resists proposed price increases

Hollow steel sections prices in Europe were unchanged this week, which reflects doubts about the ability of mills to push through proposed price increases, market participants told Fastmarkets MB on Wednesday December 19.

CHINA HRC: South Korean demand bolsters export prices

China’s hot-rolled coil exporters continued to raise prices on Wednesday December 19 on South Korean demand.

Flat Steel Products Trade Log, December 19, 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: Ferrous futures post mild movements

China’s ferrous futures market was largely muted during morning trading on Wednesday December 19, with domestic steel production expected to come under pressure with the ramping up of restrictions related to the country’s winter heating season.

Export prices for Chinese CRC, HDG fall further on weak demand

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil continued to trend downward over the past week amid soft end-user demand.

Southeast Asian, S American demand keeps export prices for Chinese plate supported

China’s export plate prices remained largely stable over the past week, though buying activity out of Southeast Asia and South America appears to have picked up.

Brazilian flat steel sales up 3% amid occasional price discounts

Flat steel sales from Brazilian distributors increased by 3% year on year in November, amid a slow recovery in the steel market.