December 2015

Turkish domestic flat steel market slow on possible tax changes

Flat steel demand in the Turkish domestic market was slow this week as market participants were waiting for a new import duty regime to be announced before the beginning of 2016.

Turkish coated coil prices unchanged as market waits for New Year

The coated coil market in Turkey was slow this week as market participants were waiting for the New Year to begin before returning to buying activity.

Turkish flat steel import prices fall as buyers fear changes in duty

Flat steel import prices to Turkey decreased this week as buyers waited to see whether the country’s government will make any changes to its import regulations before the beginning of 2016.

China’s spot HRC prices move higher ahead of New Year break

China’s spot hot rolled coil prices continued to rise in both the eastern and northern regions on Thursday December 31, the last trading day of the year.

China AM: Futures up on spot market surge

China’s steel and steelmaking raw materials futures went up across the board during morning trading on Thursday December 31 following solid gains in the spot steel market a day earlier.

Ezz Steel sees earnings increase 6% in Jan-Sep

Earnings at Egyptian steelmaker Ezz Steel increased by 6% year-on-year in the first nine months of 2015, the company said on Wednesday December 30.

Saudi Arabian steel market remains slow

Steel imports into Saudi Arabia were slow this week as buyers held off booking material until next week, to keep cash in their year-end calculations.

Trading activity winds down in seaborne coking coal market

The seaborne hard coking coal spot market was calm on Wednesday December 30 with New Year holiday just around the corner, though market participants are expecting more action next week.

China’s spot HRC prices rise further as futures extend gains

China’s spot hot rolled coil prices rose further on Wednesday December 30, as a strong futures performance boosted sentiment, although participants warned the current rally is unlikely to sustain.