September 2017

STEEL WEEK IN BRIEF: Scrap, iron ore prices down, Chinese HRC export prices fall, steel mills announce investments...

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

Indian domestic HRC prices unchanged as import competition fades

Indian domestic prices for hot rolled coil (HRC) are likely to remain unchanged in October as mills see no competition from cheaper imported material.

South America's flat steel import prices drop on market adjustment

Prices for flat steel products imported into South America have all declined this week, making a correction after rising for several months.

Turkish flat steel prices dip for November, more falls expected

Flat steel prices in Turkey’s domestic market decreased this week, but market participants were expecting further falls for December production, Metal Bulletin was told.

Turkish coated coil prices decrease as demand weakens

Coated coil prices in Turkey’s domestic market have decreased this week as demand has weakened, Metal Bulletin has heard.

Salzgitter to build third hot dipped galvanizing line in Germany

German steelmaker Salzgitter is planning to build a third line for production of hot dipped galvanized material at its flat steel production unit Salzgitter Flachstahl in Germany, the company said on Friday September 29.

China’s HRC prices steady amid sparse pre-holiday trading

China’s hot rolled coil prices were rangebound on Friday September 29 amid rebounding futures and a softening of the billet market.

China AM: Ferrous futures mixed on eve of holiday

China’s ferrous futures were mixed during morning trading on Friday September 29, with the iron ore and coking coal contracts concluded the session slightly lower while the others ended in positive territory.

Ternium to build 3.7m tpy rolling mill in Mexico, 520,000 tpy rebar unit in Colombia

Latin American steel group Ternium plans to build new facilities in Mexico and Colombia to “further develop its industrial system to better serve its customers”, it announced late on Thursday September 28.