December 2017

Turkish flat steel imports up by 25% in November

Turkey’s imports of flat steel increased by 25.09% year on year in November 2017, according to the Turkish Statistical Institute (TUIK).

South Korean HRC offers to India rises by $10 per tonne

Offers for South Korea-origin commercial-grade hot-rolled coil to India have risen by about $10 per tonne to $615-620 per tonne cfr Mumbai for shipments in February-March.

Japan’s steel exports down 2% in November

Japan’s iron and steel export volumes fell 2.1% year on year in November to 3.19 million tonnes.

CHINA HRC: Domestic market steady amid limited year-end trading

China’s hot-rolled coil prices regained some stability ahead of the New Year weekend on Friday December 29 amid sparse trading activity.

2017 REVIEW: Turkish mills seek new export destinations

The Turkish rebar market was significantly affected in 2017 by the political problems within the country and by the weakening of its currency, the lira, while slow demand in the country’s traditional export markets led steel mills to direct their exports to new destinations.

2017 REVIEW: Global steelmakers rush to fill China's absence from export market

Steel suppliers from around the world rushed to fill up the gaping hole left behind by China’s withdrawal from the export market in 2017, with domestic production cuts in key Chinese steel-producing regions cutting supply and driving up domestic prices.

Flat Steel Products Trade Log, December 29, 2017

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 mixed in year-end trading lull

China’s ferrous futures were mixed during morning trading on Friday December 29 on wavering sentiment in the physical steel markets during the last trading day of the year.

Russian producer cancels HRC export deals to Vietnam

A major Russian supplier has canceled several deals for hot-rolled coil (HRC) shipments to Vietnam due to excessively low prices charged, sources told Metal Bulletin.

2017 REVIEW: Brazilian flat steel prices track international trends

The Brazilian flat steel industry has never been so closely linked to price changes in the international market as it was in 2017.