December 2016

CISA executive: China’s steel oversupply situation has not improved

Chinese price hikes this year have not been driven by strengthening demand and the steel oversupply fundamental has not changed a bit, a senior official from the China Iron and Steel Assn (CISA) said.

CHINA AM: Steel futures down even as production cuts are ordered

Steel futures in China were down during Asian morning trading with the market gauging the effectiveness of productions cuts in Tangshan.

2017 PREVIEW: Can commodities benefit from China’s real estate curbs?

China has been tweaking its regulations in a bid to tighten credit-lending standards and rein in rising home prices, but will restrictions push investors into lower tier cities, or into investments outside real estate, such as commodities?

Latin America slab exports up again on cost pressure

Slab export prices in Latin America increased for the second week in a row as higher coking coal costs continued to put pressure on Brazilian producers.

Ezz Steel sees earnings increase 161% in January-September

Earnings at Egyptian steelmaker Ezz Steel grew by 161% year-on-year in the first nine months of 2016, according to a financial statement published on Thursday December 15.

China’s spot rebar prices not budging despite production restrictions

China’s spot rebar prices increased slightly in the morning before shedding all gains in the afternoon on Friday December 16, ending up at the same levels as a day earlier.

Ukraine’s November seaborne steel exports drop 14%

Steel product volumes exported through Ukrainian seaports decreased by 13.78% year-on-year in November, according to the country’s Sea Trade Ports Administration.

China AM: Futures mainly down despite fresh steel production restrictions

China’s steel and iron ore futures moved downwards during morning trading on Friday December 16, in spite of production restrictions in two key cities in Hebei province.

Italy's Acciaierie di Verona orders new wire rod mill

Italian steelmaker Acciaierie di Verona has ordered a two-strand wire rod mill that includes a six-strand billet caster.