January 2018

Unicoil extends capacity to thicker PPGI on construction demand

Saudi Arabian flat steel re-roller and coater Unicoil is now able to produce pre-painted galvanized steel (PPGI), or color-coated coils, in thicknesses up to 1.50mm, the company told Metal Bulletin on Wednesday January 31.

ArcelorMittal Brasil's earnings up 60% in Q4 2017

Earnings at ArcelorMittal’s Brazilian division rose by 59.9% year-on-year in the fourth quarter of 2017, due to increased volumes and prices.

EUROPE PLATE: Domestic prices to rise on support from coil increases

Domestic prices for heavy steel plate in Europe are expected to rise following the positive trend settled in the region’s market for steel coil products, sources told Metal Bulletin on Wednesday January 31.

EUROPE HRC: Domestic transaction prices rise, mills target further increases

Domestic prices for hot-rolled coil (HRC) have increased again this week and European steelmakers are going to increase official offers further, sources told Metal Bulletin.

EUROPE CRC: Domestic prices rise in wake of more positive mood in region

Domestic prices for cold-rolled coil (CRC) increased in the European Union this week, in line with a general upturn in sentiment in the region, sources told Metal Bulletin.

ArcelorMittal Europe Oct-Dec 2017 earnings up 23.5% y-o-y

ArcelorMittal Europe's fourth-quarter 2017 earnings jumped 23.5% on an annual basis due to higher steel shipments and prices, the company said on Wednesday January 31.

No jump in finished steel prices to come from reduced slab from CIS, Brazil

High prices for steel slabs from the CIS region and Brazil are unlikely to cause further price increases in the Turkish coil and Italian heavy plate markets, according to market sources.

CHINA HRC: Domestic prices soften further amid declining futures

China’s domestic prices for hot-rolled coil narrowed downward on Wednesday January 31 after the paper market weakened for a second day.

German steelmaker Salzgitter forecasts jump in 2017 earnings helped by surge in steel prices

German steelmaker Salzgitter has made a preliminary announcement of a significant year-on-year jump in earnings for the whole of 2017.

LATIN AMERICA FLAT STEEL WRAP: Price upswings, HRC trade case affects Brazilian market

The year of 2017 ended with rumors that Brazilian companies would raise their flat steel prices to the local market, and these rumors began to be confirmed in the first days of trading activity in 2018.