December 2016

2017 OUTLOOK: UK steel benefits from low sterling, high materials costs

The year of 2016 presented the UK with significant economic and political challenges, but some participants in the UK steel industry are entering 2017 in good shape.

China AM: Futures soft amid physical dips

China’s steel and iron ore futures by and large retreated during morning trading on the last trading day of 2016, amid a soft physical market.

Egypt domestic rebar prices inch up as billet import prices dip

Domestic rebar prices increased this week in Egypt, but billet import prices fell by $5 per tonne, Metal Bulletin learnt on Thursday December 29.

China’s spot rebar prices fall in tandem with futures

China’s spot rebar prices dropped sharply on Thursday December 29 following falls on the futures market.

China AM: Futures mixed amid lack of clear direction

China’s ferrous futures were mixed during morning trading on Thursday December 29, amid an absence of clear market direction.

INTERVIEW: GCC steel import duties must rise soon, Jindal Shadeed ceo says

The import duties imposed on rebar brought into the Gulf Co-operation Council (GCC) region must, and soon will be, increased to at least 10% from the current 5%, according to Naushad Ansari, ceo of Jindal Shadeed Iron & Steel.

LATIN AMERICA WRAP: Slab export prices continue to rise in December

Slab export prices in Latin America increased by $20 per tonne through December, as the values of semi-finished steel products continue to be affected by higher costs for coking coal.