May 2017

Iranian flat steel importers seek lower prices as domestic market sentiment weakens

Iranian flat steel importers and traders were looking for lower prices to offset weakening sentiment in Iran's domestic market.

European coil prices remain under pressure from competitive imports

Domestic coil prices in Europe have remained under pressure from import offers over the past week, sources told Metal Bulletin on Wednesday May 31.

Italian steel trade unions criticise planned Ilva job losses

Italian steel trade unions have criticised the job cuts included in the plans of both rival consortiums bidding to acquire Italian steelmaker Ilva.

Turkish flat steel exports almost double in April

Turkey exported 444,896 tonnes of finished flat steel in April 2017, according to the latest figures from the Turkish Statistical Institute (TUIK).

Turkish flat steel imports down by 21% in April

Turkey imported 627,186 tonnes of flat steel in April 2017, down by 20.58% from the corresponding month in 2016, when 789,683 tonnes arrived in the country.

Russian domestic HR, CR sheet prices stable amid weak demand

Russian domestic prices for hot rolled (HR) and cold rolled (CR) sheet have remained stable over the past week, while buying activity has continued to be slow.

Vietnamese HRC importers look to India amid high Chinese offers

Expectation has been growing among Vietnamese importers of re-rolling-grade hot rolled coil (HRC) over the past week that there would be price drops from Indian suppliers, as offer prices from Chinese mills continue to be high.

LATIN AMERICA FLAT STEEL WRAP: Political chaos in Brazil brings uncertainty to local market

The month of May started with positive news for the Brazilian steel market, with local flat steel producer Usiminas announcing the restart of the No1 blast furnace at its Ipatinga works, in the country’s south-eastern Minas Gerais state.

China's spot HRC prices up on post-holiday buying

China's hot rolled coil prices increased on Wednesday May 31 as buying interest picked up after the Dragon Boat Festival.