January 2016

ANALYSIS: Russian mills focused on semi-finished output in tough 2015

Russian steelmakers increased their output of semi-finished steel products last year because of weak demand for finished steel at home, amid an economic slowdown and tough competition worldwide.

Posco planning HRC, CRC move for Krakatau Posco

South Korea’s Posco is planning to turn its Indonesian joint-venture Krakatau Posco into a downstream producer of hot rolled coil (HRC) and cold rolled coil (CRC) amid a slump in slab prices in Asia.

Japan's iron, steel exports largely flat in 2015

Japan’s iron and steel exports were little changed in 2015, dipping by a marginal 1.1% to 41.64 million tonnes, according to figures released by the Japan Iron & Steel Federation (JISF) on Thursday January 28.

Japan's iron, steel imports down 14% in 2015

Japan imported 8.03 million tonnes of iron and steel in 2015, a year-on-year drop of 13.5%, according to data released by the Japan Iron & Steel Federation (JISF) on Thursday January 28.

China’s rebar market largely flat over the week

China’s rebar prices were mostly unchanged this week as business ground to a halt with participants leaving the market for the February 7-13 Chinese New Year holiday.

China AM: Futures weaken on quiet spot market

China’s steel and steelmaking raw materials futures eased further during morning trading on Friday January 29, with spot prices expected to hold steady over the next week or so as more participants leave for the holiday.

Import billet prices in Egypt slide on lower offers

Egypt’s billet imports market has softened over the past week due to lower offers, sources told Steel First on Thursday January 28.

Turkish billet import prices weaken, domestic rates steady

Turkish billet import prices continued to weaken this week as demand was still weak, due to falling raw materials and finished steel prices, sources said on Thursday January 28.

Iranian domestic steel prices capped by weak demand, high inventories

A weaker Iranian rial offered only little support to domestic steel prices in Iran this week, with much of the effect neutralised by weak demand and high stocks.