July 2016

HIGHLIGHTS: Iron ore, coking coal analyst rankings, Chinese miners want import duties, Mexico rebar outlook …

Editor Vera Blei looks at the main news covered by Steel First over the past week.

Iranian domestic billet prices weaken further

Domestic billet prices in Iran continued their downward slide this week, while prices for rebar and hot rolled coil (HRC) recovered some of the previous week’s losses, Steel First has been told.

Seaborne iron ore market loses steam after breaching $60 per tonne

Seaborne iron ore market experienced a slight downward correction on Friday July 29 after going above the $60-per-tonne level a day earlier.

China’s spot rebar prices end week rangebound

China’s spot rebar market largely weakened on Friday July 29 following a week of price movements within a tight range.

Japan’s steel imports down 3% in June

Japan’s iron and steel imports in June moved down by 3.2% on the year, with the bulk of the fall in the carbon finished steel products segment.

Japan’s steel exports flat in June

Japan’s iron and steel export volumes in June were virtually unchanged year-on-year, with semi-finished and speciality steel shipments abroad making up for a decline in sales of carbon finished steel.

China AM: Futures down despite further supply disruptions

China’s ferrous futures moved down during the morning session on the last trading day of July, although a clampdown on pollution is said to be cutting steel production.

Egypt billet import market falls quiet after bookings last week

The billet import market in Egypt was silent this week after a number of bookings were made last week.

Turkish billet prices advance with higher scrap values

Turkish domestic and imported billet prices have inched up with rising scrap costs over the past week, sources said on Thursday July 28.