July 2018

NLMK's Q2 earnings up 52% on higher prices, increased sales

Earnings at Novolipetsk Steel (NLMK), Russia’s largest steelmaker, soared by 52% year-on-year in the second quarter of 2018 on better prices and increased sales volumes, the company said in a financial report on Tuesday July 31.

PRICING NOTICE: Proposal to discontinue Iran import HRC, CRC prices

Metal Bulletin is proposing to discontinue its weekly price assessments for Iranian imports of hot-rolled coil (HRC) and cold-rolled coil (CRC).

GULF FLAT STEEL IMPORTS: Some prices fall, demand weak

Some flat steel import prices in the United Arab Emirates and Saudi Arabia decreased this week, with demand still weak, sources told Metal Bulletin on Tuesday July 31.

Flat Steel Products Trade Log, July 31, 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.

Japan’s steel exports dip in June vs last year

Japan’s iron and steel export volumes dipped by 2.1% year on year to 3.15 million tonnes in June, according to statistics from the Japan Iron & Steel Federation (JISF) released this week.

Major Japanese producer rolls over HRC offers for September

A leading Japanese steel major is keeping its offers for September-shipment hot-rolled coil to major buyers in the Southeast Asia and South Asia flat at $660-665 per tonne cfr amid mixed sentiment.

CHINA HRC: Prices widen amid sparse trading

China’s domestic hot-rolled coil prices widened upward on Tuesday July 31 amid continual production cuts, while export prices weakened slightly with a segment of the market bidding lower.

China AM: Steel futures rise amid declining inventories

China’s steel futures strengthened during morning trading on Tuesday July 31 following the release of monthly spot market inventory data showing a sustained decrease for Chinese rebar, while the raw materials contracts declined during the session.

ASIAN MORNING BRIEF 31/07: Lead, aluminium lead LME gainers; ArcelorMittal makes further commitments for Ilva; Recylex revenue from lead sales tumbles

The latest news and price moves to start the Asian day on Tuesday July 31.

RUSSIA FLAT STEEL: Mills to raise prices in August on possible shortage

Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia’s central region around Moscow will increase in August, producers have told Metal Bulletin, with higher demand expected and outages planned in September.