November 2017

Prices for US flat-rolled steel imports inch lower

Prices for flat-rolled steel imported into the United States have edged down modestly across the board in American Metal Market’s latest price assessment.

Ilva faces closure threat as Italy freezes merger talks with ArcelorMittal

Italian steelmaker Ilva could be shut down if a regional court accepts a complaint lodged by two senior politicians in the country, Carlo Calenda, Italy’s minister of economic development, has said.

Brazilian steel assn raises forecasts for 2017 consumption, sales in 'timid' market rebound

The Brazilian steel institute, Aço Brasil, has revised upward its forecast for the country’s steel consumption, sales and output this year, due to a “timid” market rebound.

UAE construction sector to be insulated from impact of new VAT regime by Expo 2020

The imposition of a 5% value added tax (VAT) in the United Arab Emirates (UAE) in 2018 will not dent steel demand from the construction sector, market participants told Metal Bulletin this week.

CHINA HRC: Domestic prices move up further

China’s domestic prices for hot-rolled coil further moved up on Thursday November 30, while demand weakened.

Flat Steel Products Trade Log, November 30, 2017

The latest bids, offers and deals in the global markets for flat steel products.

ASIA COPPER WEEK 2017: Deleveraging a key focus for China’s metals industry in 2018 – executives

The Chinese economy including the metals industry is highly focused on deleveraging going into next year, which should see more capacity cuts among unprofitable smelters, senior executives told delegates at Metal Bulletin’s 13th Asia Copper Conference in Shanghai, China.

China AM: Futures uptrend sustained, coking coal outperforms

China’s ferrous futures gained across the board for a second day on Thursday morning November 30, with the benchmark coking coal contract being the outperformer with an increase of almost 5%.

China’s Shougang Jingtang adds 360,000 tpy of HDG capacity

China’s Shougang Jingtang United Iron & Steel will increase its hot-dipped galvanized (HDG) capacity by 360,000 tonnes per year with a sixth strip processing line at its plant in Hebei province.

EUROPE HDG: Italian steelmakers increase offers

Italian steelmakers have increased their domestic offer prices for first-quarter production hot-dipped galvanized (HDG) coil, sources told Metal Bulletin this week.