December 2011

LME approved warehouses set to increase rent for steel billet in April

London Metal Exchange (LME) approved warehouses are set to increase their rent from April 2012, according to data from the bourse.

LME-approved warehouses set to increase rent for steel billet in April

London Metal Exchange (LME)-approved warehouses will increase their rents for steel billet from April 2012, according to data from the bourse.

LME billet three-month and cash officials rise at week end

Billet prices on the London Metal Exchange (LME) increased this week with both the cash and three-month contract bid/offer spreads narrowing further on Friday.

LME billet three-month and cash officials rise at week end

Billet prices on the London Metal Exchange (LME) increased this week with both the cash and three-month contract bid/offer spreads narrowing further on Friday.

CHINA STEEL WRAP: Steel prices hit by exw price cut

Chinese spot steel prices dipped this week after numerous steel makers reduced their ex-works prices on weak demand.

Demand for Japanese steel may fall to two-year low, says Meti

Japan’s steel demand may drop to the lowest level in more than two years in the January-March quarter because of weak export demand, a government forecast suggested.

US raw steel production slides 2.3 percent

U.S. raw steel output totaled 1,900,000 net tons last week, down 2.3 percent from 1,945,000 tons the previous week, as mills operated at an average capability utilization rate of 76.7 percent.

CHINA STEEL WRAP: More longs steel mills reduce exw prices

Six more longs producers cut their ex-works prices by 50-120 yuan ($8-19) on Thursday in response to Hebei Steel’s price decrease yesterday.

REVIEW OF 2011: Political unrest in Mena unsettled CIS billet export market

Billet producers in the CIS started 2011 with an optimistic outlook thanks to what looked like a promising export market in the Middle East and North Africa (Mena) region.

REVIEW OF 2011: Political unrest in Mena unsettled CIS billet export market

Billet producers in the CIS started 2011 with an optimistic outlook thanks to what looked like a promising export market in the Middle East and North Africa (Mena) region.