December 2016

China’s spot rebar prices decrease again on weak demand

China’s spot rebar prices dropped further on Tuesday December 20 due to poor demand amid weaker futures and billet prices.

Japan’s crude steel output down 1.4% in November

Japanese crude steel production moved down by 1.40% year-on-year in November on lower volume from basic oxygen furnace mills, according to data from the Japan Iron & Steel Federation (JISF).

CHINA AM: Ferrous futures drop again

China’s ferrous futures were down during Asian morning trading, with market participants keenly following the trajectory of the physical iron ore prices amid the recent production curbs in the Hebei province.

Brazil's crude steel output down 4.8% in November

Crude steel output in Brazil fell by 4.80% year-on-year in November, according to figures released by the country’s steel institute, Aço Brasil, on Monday December 19.

G20, OECD team up to establish global Steel Overcapacity Forum

A global forum to tackle steel overcapacity, comprised of the G20 group of nations and members of the Organisation for Economic Co-operation & Development (OECD), has been established.

Ousted chairman Mistry removed from Tata Steel board

Cyrus Mistry is no longer a member of the board of Tata Steel, the Indian steelmaker said in a corporate filing to the Indian National Stock Exchange (BSE) on Monday December 19.

CIS billet export prices stable on modest market activity

CIS billet export prices have remained largely unchanged amid little buying activity in the major sales outlets, sources told Metal Bulletin on Monday December 19.

Black Sea slab export prices move up on tight supplies

CIS-origin slab export prices gained $15 per tonne over the past week as supplies tightened, sources told Metal Bulletin on Monday December 19.

China’s spot rebar prices follow futures lower

China’s spot rebar prices moved lower on Monday December 19 on weak trading amid the tumble in the futures market.

Five things we learned at the 14th China Steel Industrial Development Summit

Metal Bulletin joined delegates at the 14th China Steel Industrial Development Summit one week ago in Beijing. Here are five things we learned from the conference.