June 2012

US flat-rolled steel imports still quiet

The US flat-rolled steel import market has remained quiet this past week as would-be buyers showed little interest in foreign material in a declining domestic market.

MILLING ABOUT: US Steel Corp appoints Christian Korn, vp, commercial for Europe

United States Steel Corp has appointed Christian Korn vp, commercial for Europe effective from July 1, the company announced on Friday June 29.

Serbia's Smederevo 'to continue operating in July'

Serbian flats producer Zelezara Smederevo (ZS) will not idle its operations in early July, in a reversal from plans announced earlier this week, a source close to the situation told Metal Bulletin on Friday June 29.

Indian mills to keep domestic HRC price unchanged for July

Indian mills are likely to keep domestic hot rolled coil (HRC) prices for July sales unchanged, mill sources said, even though international prices have dropped by $40-50 per tonne since early June and demand has fallen significantly.

JSW Steel pays $390m to redeem bonds

India’s third-largest steelmaker, JSW Steel, has told the Bombay Stock Exchange (BSE) that it has paid more than $391 million to redeem foreign currency convertible bonds (FCCBs) issued in 2007.

“How long can we go on without the world following us?” – the European carbon emissions debate

The European Steel Assn, Eurofer, held its European Steel Day in Brussels on Thursday June 28, and the future of the industry in Europe dominated the proceedings.

Indian importers book heavy plate at $600-605 cfr

Indian importers have bought commercial-grade heavy plate after a two-month absence, market participants told Metal Bulletin.

Alfa-Bank sees HRC at $600 fob in 2012, $575 fob next year

Analysts at Russia’s Alfa-Bank expect hot rolled coil (HRC) export prices to average $600 per tonne fob Black Sea this year and to fall to an average of $575 per tonne in 2013, according to their “CIS Steel And Iron” report published on Thursday June 28.

JSW Steel pays $390m to redeem bonds

India’s third-largest steelmaker, JSW Steel, has told the Bombay Stock Exchange (BSE) that it has paid more than $391 million to redeem foreign currency convertible bonds (FCCBs) issued in 2007.

Indian importers book heavy plate at $600-605 cfr

Indian importers have bought commercial-grade heavy plate after a two-month absence, market participants told Metal Bulletin.