July 2017

China's HRC prices surge on bullish sentiment

China’s hot rolled coil prices rose sharply on Monday July 31 amid bullish sentiment spurred on by surging futures.

China AM: Ferrous futures surge as steel PMI hits 14-month high

China’s ferrous futures rose sharply during morning trading on Monday July 31, after the release of statistics showing the country’s steel purchasing managers’ index (PMI) rising to a 14-month high.

Latin America CRC export prices up on new deals, offers

Latin American export prices for cold rolled coil (CRC) increased this week, amid fresh deals and the limited availability of material from Brazil.

STEEL WEEK IN BRIEF: Rising scrap prices, higher steel prices globally, Vale/ArcelorMittal Q2 earnings...

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

ArcelorMittal to invest in high-strength auto steel production in France

ArcelorMittal is to invest €96 million ($112 million) in switching to the production of high-strength automotive steel at its Florange and Dunkirk plants in France, the company said on Friday July 28.

Turkish domestic flat steel demand improves, prices increase

Demand for flat steel in Turkey’s domestic market was strong this week and prices increased.

Turkish flat steel import market slow on domestic competition

The flat steel import market in Turkey was slow this week as offer prices were too high compared with local prices, Metal Bulletin has been told.

Turkish HDG prices stable, PPGI prices up on strong demand

Demand for coated coil products in Turkey was strong this week, with prices rising for pre-painted galvanized iron (PPGI), while prices were stable for hot dipped galvanized coil (HDG).