January 2019

Brazilian steel consumption grows by 7.30% in 2018, misses estimates

Brazil’s apparent steel consumption totaled 20.57 million tonnes in 2018, an increase of 7.30% from 19.17 million tonnes the year before, according to the national steel association Aço Brasil.

Argentina's crude steel output up 12% in 2018

Argentina’s crude steel output grew by 11.6% in 2018, according to figures released by national steel association Acero Argentino on Monday January 21.

China AM: Coking coal contract bucks downtrend in ferrous futures market

China’s ferrous futures largely declined during morning trading on Tuesday January 22, apart from the coking coal contract, which ended slightly higher than its opening price.

Severstal shipments to EU soar in 2018 on redirected tonnages

Major Russian steelmaker Severstal recorded a spike in its sales of hot-rolled coil (HRC) to the EU in 2018, achieved by redirecting volumes that would otherwise have gone to other outlets, the company said on Friday January 18.

Turkish crude steel output down 0.56% in 2018 vs 2017

Turkey produced 37.311 million tonnes of crude steel in 2018, a 0.56% decrease compared with 2017, according to the Turkish Steel Producers Association (TÇÜD).

Slow European long steel market scuppers early-year hopes of prices rises

The European long steel markets have started 2019 in lethargic fashion, disappointing suppliers that were resolutely raising their offer prices just two months ago in anticipation of strong demand.

UAE doubles import duty on rebar to 10%

The United Arab Emirates has increased the import duty imposed on rebar to 10%, from the previous 5%, Dubai Customs announced on Wednesday January 16. The duties became effective the following day.

NLMK increases exports from Russia on higher slabs and pig iron demand

Novolipetsk Steel (NLMK), Russia’s largest steelmaker, increased the export sales volumes from its Russian assets in 2018 because of higher demand for steel slabs and pig iron, the company said on Friday January 18.

China AM: Ferrous futures soften after release of industrial data

China’s ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS).

China’s crude steel output exceeds 900 mln tonnes in 2018

China’s crude steel output rose to a new high in 2018 on healthy profit margins among mills and growth in downstream demand.