February 2018

Gerdau sees better steel demand in Brazilian industrial, automotive sectors

Brazil-based steel group Gerdau is confident about a recovery in steel demand in the country, mainly from the industrial and automotive industries.

Germany’s Salzgitter forecasts stable EU prices for flat steel in 2018

German steelmaker Salzgitter expects to benefit from generally stable selling prices in the EU steel market in 2018, combined with raw material prices for iron ore and coking coal that will stay close to the levels seen at the end of 2017.

EUROPE CRC: Domestic prices stable, imports rise

Domestic prices for cold-rolled coil (CRC) in the EU have been largely unchanged over the past week, although import prices have inched upward, sources told Metal Bulletin on Wednesday February 28.

EUROPE HRC: Domestic prices stable as buyers hold back

Domestic prices for hot-rolled coil (HRC) in the EU have been largely stable over the past week, with buyers holding back from new deals after booking sufficient volumes earlier, sources have told Metal Bulletin.

EUROPE PLATE: Domestic prices stable but mill sentiment bullish

Domestic prices for heavy steel plate in Southern Europe have been largely unchanged over the past week, but the mills will insist on higher transaction prices for future deals, sources told Metal Bulletin on Wednesday February 28.

Flat Steel Products Trade Log, February 28, 2018

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

TURKEY COATED FLAT STEEL: Turkish coated coil prices increase, some producers suffer HRC shortage

Some coated coil producers in Turkey raised their prices this week, while others did not offer material due to a shortage of hot-rolled coil (HRC) to feed their production.

CHINA HRC: Buyers snap up low-priced export cargoes

China’s hot-rolled coil export market continued to strengthen on Wednesday February 28 with buyers rushing to snap up whatever lower-priced materials they could get their hands on.

Japan’s steel exports down 4% in January

Japan’s iron and steel export volumes fell 3.9% year on year in January to 3.08 million tonnes, according to statistics from the Japan Iron & Steel Federation (JISF) released this week.

China AM: Coking coal futures buck ferrous futures downtrend

China’s ferrous futures were largely rangebound during morning trading on Wednesday February 28, with the benchmark coking coal contract being the only one that ended the session higher than its opening price.