October 2017

Brazil’s CSN targets 30% price increase to automakers

Brazilian steel producer CSN is seeking an increase of 30% in annual pricing contracts to automakers.

Flat Steel Products Trade Log, October 31, 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.

GULF FLAT STEEL IMPORTS: Prices down but buyers expect further cuts

Most flat steel import prices into the UAE and Saudi Arabia have gone down this week, but buying was still scarce as buyers wanted to see prices hit bottom before making deals, Metal Bulletin has heard.

RUSSIA FLAT STEEL: HR, CR sheet prices down on low demand

Domestic prices in Russia for hot-rolled (HR) and cold-rolled (CR) sheet steel have decreased over the past week due to lower demand in the secondary market, Metal Bulletin has heard.

CIS FLAT STEEL: Coil products markets stay weak on Chinese price uncertainty

The export markets for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) softened in the week ended Monday October 30, with buyers waiting for further price reductions.

Japan’s NSSMC targets crude steel output of 21.5m tonnes in six months to end of March 2018

Japan's Nippon Steel & Sumitomo Metal Corp (NSSMC) is aiming to produce 21.50 million tonnes of crude steel between October 2017 and March 2018.

CHINA HRC: Domestic market regains strength amid futures gains

China’s domestic hot-rolled coil prices recovered some losses on Tuesday October 31 after four days of weakness, amid gains in the paper market.

Japan’s JFE Steel eyes 2020 start-up for flat steel plant in Myanmar

Japan’s JFE Steel is looking to start up a flat steel plant in south Yangon, Myanmar in 2020 to cater to the country’s growing domestic demand.

China AM: Steel futures up despite lower PMI

China’s steel futures jumped during morning trading on Tuesday October 31 despite a drop in the country’s steel purchasing managers’ index (PMI).

China’s steel PMI falls to half-year low in October

Growth in China’s steel industry fell to a six-month low in October, and marked a third month of decreases.