January 2017

Saudi Arabian HRC import market slows down further

Hot rolled coil (HRC) import prices in Saudi Arabia remained stable this week, but demand continued to be poor, Metal Bulletin has heard.

Russia complains to WTO about EU anti-dumping processes

Russia has filed a complaint with the secretariat of the World Trade Organization (WTO) requesting dispute consultations with the EU on anti-dumping duties imposed on cold rolled coil (CRC), the trade body said on Friday January 27.

UAE flat steel prices decrease, demand weak

Flat steel import prices into the UAE fell this week, as demand remained weak.

NSSMC gets go-ahead to buy Nisshin Steel

The Japanese Fair Trade Commission will not issue a “cease-and-desist” order to Japanese steelmaker Nippon Steel & Sumitomo Metal Corp (NSSMC) over its planned acquisition of Nisshin Steel, NSSMC said on Monday January 30.

Japan's JFE sees April-December earnings increase by 51%

JFE Holdings saw its cumulative consolidated operating income for April-December increase by more than half year-on-year in 2016, the Japanese steelmaker said on Tuesday January 31.

EC approves ArcelorMittal, Cellino distribution joint venture

The European Commission has approved the creation of Steelcame, a joint venture between the French distribution arm of ArcelorMittal and Italian steel components producer Cellino.

Domestic flat steel prices in Russia rise on new February offers

Domestic prices for flat steel in Russia have risen over the past week, with offers for February output being announced at levels higher than what January-rolled products were sold at.

CIS export prices for flat steel products steady amid limited activity

CIS-origin export prices for mainstream flat steel products have remained largely unchanged over the past week amid thin trading.

STEEL MARKET OUTLOOK: Tinplate settlements underline fragility of recent steel price rises

Metal Bulletin Research (MBR) examines whether the disappointingly low tinplate contract settlements in the USA and elsewhere are markers for steel product prices in a broader context.

Turkish domestic flat steel prices fall despite signs of improving demand

Flat steel prices in Turkey’s domestic market fell slightly on Friday January 27, despite demand starting to show signs of improvement.