February 2017

Turkish flat steel imports down by 14% in January

Turkey imported 655,477 tonnes of flat steel in January 2017, down by 13.61% from the 758,722 tonnes that came into the country a year earlier, according to the Turkish Statistical Institute (TUIK).

Weak demand in UAE leads to fall in HRC, CRC import prices

Demand for flat steel imports in the UAE remained limited this week, with prices for hot rolled coil (HRC) and cold rolled coil (CRC) falling as a result.

Saudi Arabian HRC importers wary of higher offers with local demand still weak

Saudi Arabia received higher offer prices for hot rolled coil (HRC) this week, but demand remained very weak, Metal Bulletin has heard.

Russian domestic HR, CR sheet prices stable as demand remains poor

Domestic prices for hot rolled (HR) and cold rolled (CR) sheet in Russia have remained stable over the past week, as trading for March-rolled output has continued in conditions of weak demand.

Winner of Ilva bid process could be announced in April

Italian government officials could decide which of two competing consortia they wish to acquire Italian steelmaker Ilva by early April, an ArcelorMittal spokeswoman told Metal Bulletin on Tuesday February 28.

EU imposes definitive duties at 65-74% on heavy plate from China

The European Commission (EC) has imposed definitive anti-dumping duties at rates of 65.10-73.70% on heavy steel plates imported from China, it said on Tuesday February 28.

Germany's Salzgitter reports significant improvement in 2016 earnings

Full-year earnings at German steelmaker Salzgitter jumped by more than $50 million in 2016 due to internal efficiency measures and trade defence actions in Europe, the company said on Tuesday February 28.

CIS export HRC, CRC prices show mixed dynamics

Over the past week, prices for CIS-origin hot rolled coil (HRC) moved up, while those for cold rolled coil (CRC) moved down, with market participants remaining optimistic due to the strength of raw materials prices.

Seaborne iron ore market weakens as futures plunge

The seaborne iron ore market weakened on Tuesday February 28, amid pressure from a softening steel market and tumbling futures.

China’s HRC prices soften as paper market tumbles

China’s spot hot rolled coil prices declined on Tuesday February 28 as futures plunged after skyrocketing a day earlier.