April 2017

Latin American flat steel export prices mixed as CRC drops while plate rises

Latin America’s export prices of cold rolled coil (CRC) and heavy plate went on different directions this week, on offers to European clients.

STEEL WEEK IN BRIEF: Quarterly coal still not settled, steel prices up in China, Q1 results...

Metal Bulletin reviews the major stories affecting the steel market this week.

Algeria’s El-Hadjar restarts flat steel production in late April

Algerian steelmaker El-Hadjar Iron & Steel Complex, formerly owned by ArcelorMittal, restarted production of flat steel products this week, according to local media reports.

Australia extends dumping-probe deadlines into Asian galvanized steel, Chinese alloy steel bar

The Australian Anti-Dumping Commission (AADC) has extended the deadlines of two anti-dumping investigations – one into galvanized steel and the other into alloy steel round bar.

Chinese HRC offers to India up by $10 per tonne but importers hold back

Offer prices in India for imports of commercial-grade hot rolled coil (HRC) from China have risen by at least $10 per tonne over the past week, leading importers to take a pause from further buying.

Japan's Kobe Steel sees operating income plunge in year to March 31

Japanese steelmaker Kobe Steel saw its consolidated operating income drop by 85.76% year-on-year in its business year ending March 31 2017, the company said on Friday April 28.

South America's HRC, CRC import prices down on fresh trading activity

Import prices for hot rolled coil (HRC) and cold rolled coil (CRC) in South America have fallen this week, as the regional market has yet to see the effects of upswings in Chinese steel export volumes.

Turkish HRC export prices stable, demand in Europe weak

Hot rolled coil (HRC) export offer prices in Turkey were stable this week, while demand in Europe was poor, Metal Bulletin has heard.

Flat steel prices fall in Turkish domestic market, further falls expected

Flat steel prices in Turkey’s domestic market decreased this week, with some market participants expecting more price falls in May and June.

Turkish coated coil prices fall on weak demand

Coated coil prices in Turkey fell this week, with demand being weak in both the local and export markets, Metal Bulletin has heard.