October 2016

UK trade union seeks assurances for manufacturing sector after EU split

UK trade union Unite has called on the country’s government to provide assurances for the domestic car industry and other manufacturing sectors “to cover the potential effects of Brexit”.

NLMK Q3 earnings soar 32% on higher prices, sales volumes

Earnings at Russia’s largest steelmaker, Novolipetsk Steel (NLMK), rose by 32.48% year-on-year in the third quarter of 2016, the company said on Monday October 31.

CIS billet export price at its highest since end-May

CIS billet export prices, supported by improved demand in the major sales markets as well as a continuing upward trend in the raw materials sector, have reached their highest levels for five months, Metal Bulletin has learnt.

COMMENT: Brazilian steel industry finally gets optimistic

Last week’s 57th Latin American steel congress in Rio de Janeiro, organised by regional steel association Alacero, proved that the recent change in the Brazilian government has brought optimism to the market.

China’s spot rebar prices rise on futures gains

China’s spot rebar prices increased on Monday October 31 as futures edged up further, though demand remained subdued.

China AM: Futures up amid physical market gains

China’s ferrous futures all rose during morning trading on Monday October 31, amid gains registered in the physical markets.

Japan’s steel imports down nearly 2% in September

Japan’s iron and steel imports fell by 1.90% year-on-year in September to 689,023 tonnes, according to the latest data from the Japan Iron & Steel Federation (JISF).

Oman’s Misco orders mini-mill equipment from Germany's SMS Group

Oman-based Moon Iron Steel Co (Misco) has contracted SMS Group to supply equipment for its new rebar mini-mill in Sohar Industrial City, the Germany machinery supplier said this week.