March 2016

Billet prices harden in Egypt on buyer restocking

Prices in the Egyptian import billet market have increased over the past week on a scarcity of material, sources told Steel First on Thursday March 31.

Kardemir raises billet, bloom prices by another $6

Turkey’s largest integrated long steel producer, Kardemir, increased its billet and bloom prices on Thursday March 31.

Russia-led trade group imposes duties on Ukrainian long steel

The Eurasian Economic Commission has introduced anti-dumping duties of 9.32% and 10.11% on imports of long steel products from Ukraine.

Turkish domestic, import billet prices rise but export price falls by $20

Turkish domestic and import prices for billet have risen this week on costlier scrap and stronger demand, Steel First was told on Thursday March 31.

Japan’s steel imports up 14% in February

Japan’s iron and steel imports surged 13.8% year-on-year in February to 716,113 tonnes, according to the latest data from the Japan Iron & Steel Federation (JISF).

China’s spot rebar prices soften on thin trading

Sentiment softened further in China’s spot rebar market on Thursday March 31 amid sparse buying, though two billet price rises in Tangshan resulted in some optimism emerging in the afternoon.

Ezz Steel reduces annual losses as earnings rise 56% in 2015

Earnings at Ezz Steel increased by 56% year-on-year in 2015, helping Egypt’s biggest steelmaker to substantially reduce its annual losses, the company said on Thursday March 31.

NSSMC postpones Kokura BF shutdown

Nippon Steel & Sumitomo Metal Corp (NSSMC) has postponed the planned shutdown of one of its blast furnaces in Japan as part of a change to the company’s production optimization strategy.

China AM: Futures trading mixed as major mills report losses

China's ferrous futures mostly traded lower again during the morning session of Thursday March 31, as several major Chinese mills reported losses for 2015.