April 2018

Erdemir Group increases sales, earnings in January-March 2018

Turkey’s biggest steel producer, Erdemir Group, sold 1.937 million tonnes of flat steel products in January-March 2018, up by 9.19% from the 1.774 million tonnes sold in the corresponding period of 2017, the group said last week.

Ahmsa's Q1 earnings up 60% on higher steel prices, reduced costs

Earnings at Mexican steel producer Altos Hornos de México (Ahmsa) increased by 60% year-on-year in the first quarter of 2018, amid higher sales prices and reduced operating costs.

Vietnam's HRC import prices stable in quiet market

Import prices for re-rolling-grade hot-rolled coil sold into Vietnam were stable over the past week amid limited trading activity.

STEEL WEEK IN BRIEF: Falling scrap prices, US quotas offered to Brazilian steel, Vale's Q1 results, pre-holiday mood in Chinese market

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

South America's HRC, CRC import prices up on higher Chinese offers

Import prices for flat steel in South America have increased this week, due to high-priced offers from China, Metal Bulletin has heard.

TURKEY COATED FLAT STEEL: Prices fall with demand still low

Coated coil prices in Turkey fell this week because of lackluster demand in both the local and export markets, sources told Metal Bulletin on Friday April 27.

Flat Steel Products Trade Log, April 27, 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.

Shan Islam leaves CME Group to return to trading

Shahnawaz Islam, director of metals research and product development at CME Group, is leaving the exchange after nearly three years, a representative confirmed on Friday April 27.

TURKEY FLAT STEEL: Some prices fall, demand still weak

Some flat steel prices in Turkey’s domestic and export markets fell this week, with demand remaining limited, market participants told Metal Bulletin on Friday April 27.

Salzgitter raises 2018 earnings forecast on strong steel market in Q1

German steelmaker Salzgitter has increased its earnings forecast for 2018 and now expects an improvement of €12-60 million year-on-year, following a positive start to its financial year, the company said on Thursday April 26.