December 2016

China AM: Futures largely up as market stabilises

China’s ferrous futures generally continued to strengthen during morning trading on Wednesday December 28, after a rebound on Tuesday afternoon that stabilised sentiment.

GCC rebar, billet import markets slow down as end of year approaches

Rebar and billet import markets in the UAE and Saudi Arabia were slow this week, as buyers already have sufficient stocks and steered away from making any bookings ahead of the year's end.

2016 REVIEW: Iran`s steel export growth driven by semis

In the outgoing year, marked by the removal of international sanctions, steel exports from Iran gained momentum and turned the country from a net steel importer into a net exporter.

China AM: Futures gain despite billet retreat

China’s ferrous futures advanced during morning trading on Tuesday December 27, despite further losses in billet prices.

2016 REVIEW: Formosa Ha Tinh Steel delays blast furnace launch yet again

Formosa Ha Tinh Steel (FHS), the Vietnamese subsidiary of Taiwanese steelmaker Formosa Plastic Group, has had its eight-year history defined by chronic delays and inconvenient surprises.

CIS billet export prices stay firm as modest buying continues

Export prices for CIS-origin billet remained largely unchanged over the past week as buying activity in the major sales regions has been modest.

PRICING NOTICE: Discontinuation of some Iranian domestic and import steel product prices

After a period of market consultation, which ended on December 21, Metal Bulletin has decided to discontinue some Iranian domestic and import steel product prices.

China AM: Futures drop after weekend billet losses

China’s ferrous futures tanked across the board during morning trading on Monday December 26, following sharp losses in billet prices over the weekend.

HIGHLIGHTS: 2016 reviews, China spot prices down, China's billet export tax cut...

Latin America editor Ana Paula Camargo reviews the main global steel market news covered by Metal Bulletin over the past week.