May 2016

SEAISI CONF: Krakatau Steel to resume slab output after BF start-up

Indonesian state-owned steelmaker Krakatau Steel plans to resume slab production only after its first blast furnace comes on stream later this year at its complex in Cilegon, a company source has told Steel First.

UAE rebar import prices fall as buying activity slows

Rebar import prices into the UAE continued to fall this week, with demand weakening as buyers preferred to postpone bookings.

SEAISI CONF: Billet imports from China hidden by trade data 'mismatch'

Southeast Asian countries imported at least 4 million tonnes of Chinese billet in 2015 that was declared as alloy square bars when it left China, according to the regional industry association.

EU stainless steel raw materials index falls $26 on alloy scrap, nickel drops

Steel First’s weekly raw materials index for Europe-origin grade-304 stainless steel was down $25.60 per tonne on Tuesday May 31, after falls in nickel and alloy steel scrap prices.

SEAISI CONF: Fuco Steel going ahead with rolling mill

Vietnam’s Fuco Steel Corp will move downstream into finished steel with the installation of a rolling mill with the capacity to produce 1 million tpy of long steel products.

China’s spot rebar market declines on weak demand

Thin trading pushed prices downwards on China’s spot rebar market again on Tuesday May 31.

China AM: Futures move sideways amid weak sentiment

China’s ferrous futures experienced rangebound trading in the morning session on Tuesday May 31, with participants continuing to look for clearer market cues amid bearish sentiment.

INTERVIEW: Conares Steel calls for collective decision on dumping

Gulf Co-operation Council (GCC) countries must consider a collective decision to avoid dumped imports harming local industry, Bharat Bhatia, ceo of Conares Steel said.

CIS billet market down again as mills cut offers

The Black Sea market for CIS-origin billet has seen prices fall by an average of $20 per tonne over the past week, according to sources.