August 2016

Brazil’s senate votes to impeach president Dilma Rousseff

Brazil’s senate has impeached the country's first female president, Dilma Rousseff, with interim president Michel Temer expected to remain n position until the end of 2018.

Steelworkers protest against possible ThyssenKrupp job cuts

About 9,000 workers from different ThyssenKrupp sites participated in a demonstration at the company’s headquarter on Wednesday August 31, German metalworkers’ trade union IG Metall told Metal Bulletin.

Magang back in profit as Baosteel, Hesteel net profits rise further

Eastern China’s Baosteel and northern China’s Hesteel have both further improved their financial conditions by reporting higher profits for the first half-year of 2016.

SE Asia billet import prices expected to fall after Tangshan drops

Import prices for billet in Southeast Asia moved up for a fifth consecutive week as more buyers started to accept costlier materials from China, while Indian and Iranian suppliers raised their own offers.

Seaborne iron ore trades lower as port prices soften further

The seaborne iron ore market saw inactive trading on the last day of August as prices softened in tandem with the decline at Chinese ports.

East China’s spot rebar prices edge up on tight supply

Tight supply led to rebar prices rising in Shanghai on Wednesday August 31 while those in Beijing were left unchanged.

China AM: Steel futures down following drop in billet price

China’s steel futures dipped during the early trading session on Wednesday August 31, following a drop in Tangshan’s billet price late on Tuesday.

Colombia's crude steel output down by nearly a quarter in July

Crude steel output in Colombia fell by 24.67% year-on-year in July, according to the Colombian Committee of Steel Producers.

Semi-finished Steel Products Trade Log, August 30, 2016

Latest transaction: billet

UAE billet import prices rise but demand weak with holiday approaching

Billet import prices to the UAE increased this week as offer prices moved higher, Metal Bulletin has heard.