November 2016

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

Slab export prices in Latin America surged by as much as $60 per tonne throughout November, driven by higher coking coal costs, with prices expected to maintain an upward trend in the next few months.

Aceros Arequipa's namesake steel unit in Peru closed 'permanently'

Peruvian steel producer Aceros Arequipa has decided to permanently close its Arequipa plant due to the effects of unfair trading practices.

Slab suppliers test two-year-high price mark in Asia

Import prices for slab in Asia have been approaching levels last seen in May this year, and before that in January 2015, as major global suppliers try to pass on higher raw materials costs in the prices of semi-finished products.

China’s spot rebar prices nosedive as futures plunge further

China’s spot rebar prices experienced a sharp drop on Wednesday November 30 after futures plummeted for a second day.

China AM: Ferrous futures drop further on pessimism, thin spot trading

China’s ferrous futures continued to fall during the morning session on Wednesday November 30 amid bearish sentiment and thin trading in the spot market.

Mechel earnings soar by 24% in Q3 as coking coal prices surge upward

Earnings at Russian miner and steel producer Mechel rose by 23.92% year-on-year in the third quarter of 2016, the company said on Tuesday November 29.

UAE billet import market mostly stable

The market for billet imports into the UAE was mostly stable this week with no significant deals heard, Metal Bulletin has learnt.

Metro delists final Ravenna LME-registered sheds after steel exodus

Warehouse company Metro International has delisted its two registered London Metal Exchange sheds in Ravenna, Italy, the exchange said on Tuesday November 29.