June 2018

US cold-rolled, galvanized prices mixed on import pressure

Price trends for cold-rolled and coated flat-rolled steel in the United States are mixed on divergent market outlooks.

US hot-rolled coil prices rise; 232 squeezing spot supply

US hot-rolled coil prices resumed their upward march on a supply squeeze that could intensify as materially normally sourced from mills in Canada and Mexico leaves the domestic market, industry sources said.

STEEL WEEK IN BRIEF: High coking coal prices, European alloy steel surcharges rise again, more Section 232 analysis…

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

TURKEY COATED FLAT STEEL: Coil prices rise on higher offers, demand moderate

Coated coil prices in Turkey increased in the week ended Friday June 29 but demand was moderate in the local market.

Indian mills likely to keep domestic HRC prices stable in July

Indian flat steel producers are likely to roll over domestic prices of commercial-grade hot-rolled coil (HRC) for July sales.

Flat Steel Products Trade Log, June 29, 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 FLAT STEEL: Some prices increase, demand moderate after elections

Some of the flat steel prices in Turkey’s domestic and export markets increased this week, with demand moderate after the elections on Sunday June 24, sources told Metal Bulletin on Friday June 29.

EUROMETAL BARCELONA: HRC, long steel imports into EU up in January-May 2018

Imports of hot rolled coil (HRC) into the European Union (EU) rose by 5.8% to 3.52 million tonnes during the first five months of 2018 from 3.3 million tonnes in January-May 2017, according to regional steel association Eurometal.

CHINA HRC: Domestic prices slightly higher, while export prices drop amid thin trading

China’s domestic hot-rolled coil prices edged higher on Friday June 29 despite thin trading, while export prices fell as overseas buyers bet HRC prices in China will soften in the coming days, sources told Metal Bulletin.

CHINA STEEL SPOTLIGHT: Plunging inventories fail to soothe economic jitters

Chinese steel prices have been rangebound in June despite plunging inventory levels, with trade war fears and economic jitters keeping market participants on the sidelines for most of the month.