June 2017

STEEL WEEK IN BRIEF: Iron ore price surge, Steel Survival Strategies conference, Maersk cyber attack

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Latin American flat steel export prices mixed as HRC rises, CRC falls

Latin America’s export prices for hot rolled coil (HRC) and cold rolled coil (CRC) took opposing directions this week, with offers for both materials heard from Brazil to destinations on both sides of the Atlantic.

Turkish coated coil prices fall, but expected to increase on back of HRC hikes

Coated coil prices in Turkey fell this week, but market participants expect to see increases soon as a result of recent rises in hot rolled coil (HRC) prices.

South America's flat steel import prices rise on higher Chinese offers

Flat steel import prices in South America pushed up again this week, amid higher iron ore prices and market gains in China.

Spanish steel consumption to rebound in 2017, Unesid says

Apparent steel consumption in Spain is expected to increase year-on-year in 2017, Spanish steel association Unesid said on Thursday June 29.

China's spot HRC prices retreat amid volatile paper market

China’s hot rolled coil prices fell on Friday June 30 as fluctuation in the futures market kept traders from procuring materials.

China AM: Ferrous futures mostly down after steel PMI dip

China's ferrous futures – with the exception of the rebar contract – fell during morning trading on Friday June 30 following the release of statistics showing a slight drop in the country’s steel purchasing managers' index (PMI).

Ternium expects Nafta countries to be excluded from USA's Section 232 probe actions

Latin American steel group Ternium expects Mexico and Canada to be excluded from measures related to the USA’s Section 232 investigation into the alleged national security consequences of its steel imports.

Coil import offers to Europe limited as threat of trade measures distorts market

Offers for imported steel coil in the European Union have been limited over the past week, as trade defence measures begin to have an impact, sources told Metal Bulletin.