August 2017

EU coil prices steady but market activity set to revive soon

Domestic prices for steel coil products in Europe have been largely unchanged over the past week as the market remains seasonally quiet in late August, sources have told Metal Bulletin.

Eastern China's spot HRC prices fall on subdued futures market

East China’s hot rolled coil prices decreased for a second day on Thursday August 31 amid a subdued paper market, while those in Tianjin held steady.

China AM: Ferrous futures up on as steel PMI rises further

China’s ferrous futures started the morning weak on Thursday August 31 but recovered the losses upon the release of the latest purchasing managers’ index (PMI) for the country’s steel sector.

European steel plate prices set to rise after summer lull ends

European steel producers have either already raised their offer prices or are planning to increase official prices for plate in early September, sources told Metal Bulletin on Wednesday August 30.

Iran flat steel import prices rise on higher deals, offers

Prices for imported flat steel in Iran continued to climb over the week ended Wednesday August 30 as deals and offers were reported at higher prices.

LATIN AMERICA FLAT STEEL WRAP: Prices up in Brazil in August; no further rises in prospect

Further rises in domestic flat steel prices in Brazil were announced by domestic mills in August, with no additional increases likely for September.

China’s spot HRC prices retreat again on early paper losses

China’s spot hot rolled coil prices retreated again on Wednesday August 30 on paper market weakness, just a day after prices for the product recovered some losses.

China AM: Ferrous futures little changed after Tuesday night losses

China’s ferrous futures were largely rangebound during morning trading on Wednesday August 30 after big decreases during the previous night’s session.

China’s plate export prices rise on strong domestic market

China’s plate export market picked up strength over the past week with domestic prices at a firm high level, though interest from overseas buyers appear to have thinned.