December 2016

2016 REVIEW: CIS billet exporters sigh with relief as Chinese pressure lets up

Less pressure from Chinese suppliers in the second half of 2016 allowed CIS billet exporters to breathe a sigh of relief after a troubled 2015.

China’s billet export tax lowered to 15%

China’s carbon steel billet export tax will drop to 15% from January 1, 2017, according to a notice released by the Ministry of Finance on Friday December 23.

China’s daily crude steel output drops slightly in early December

China’s daily crude steel output dropped slightly in early December, while finished steel inventories rose.

China AM: Futures continue downtrend as week ends

China’s ferrous futures continued to move down during morning trading on Friday December 23, amid a slowdown in China’s market that has been lasting the whole week.

Turkish domestic, import steel billet prices rise on higher scrap costs

Domestic and imported billet prices in Turkey pushed up this week on the back of increasing scrap costs, sources said on Thursday December 22.

Egypt billet import prices, domestic rebar prices increase

Billet import prices and domestic rebar prices in Egypt increased this week.

China’s Delong to sell off majority stake in Thai HRC re-roller

Chinese steelmaker Delong Holdings has signed a binding memorandum of understanding to sell its 55% stake in Delong Thailand to the other minority shareholders of the joint venture.

China AM: Raw materials futures continue to slide

Iron ore futures were down during Asian morning trading on Thursday December 22, even as port prices lent some support to the physical market a day earlier.

2016 REVIEW: Double time for Latin American slab export prices

After two waves of increases, Latin America’s export slab prices almost doubled during 2016, as a result of higher raw material costs, but also on the back of stronger prices in the Chinese flat steel market.