October 2017

STEEL WEEK IN BRIEF: Seaborne coking coal shrugs off La Niña warning, Vietnam exports first-ever HRC, Klöckner expects EU product prices to stay high in Q417…

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Metinvest to redirect pig iron from market to slab production

Ukraine’s largest steel producer, Metinvest, is planning to redirect more than 100,000 tonnes of pig iron from the market into production of merchant steel slab, the company told Metal Bulletin on Friday October 27.

NLMK expects Q4 steel prices to be supported by lack of Chinese material

The traditional softening of global steel prices in the fourth quarter of the year will be partially offset by a reduction in the availability of Chinese steel to the end of 2017, according to Russia’s largest steelmaker, Novolipetsk Steel (NLMK).

Brazilian pig iron producers struggle to keep export prices up in quiet market

Brazilian pig iron producers are struggling to keep export prices at high levels in the current quiet market.

CIS export pig iron market trading again after price cuts

Trading activity in the CIS pig iron export market has improved after suppliers reduced their prices last week to a level that is workable for consumers, Metal Bulletin has heard.

COMMENT: Five things we learned at the BIR scrap conference in New Delhi

‘Out with the new and in with the old’ could be the slogan for India's steel industry in the coming years, as it leaves the domestic iron ore market between a rock and a hard place and embraces scrap-based steelmaking.

Global DRI production rises 15% in September, Worldsteel says

Global output of direct reduced iron (DRI) increased by 14.71% year-on-year in September 2017, the World Steel Assn (Worldsteel) said on Monday October 23.

STEEL WEEK IN BRIEF: Vale to price contracts based on Metal Bulletin's 65% Fe index, China's HRC, rebar indices launched, miners' Q3 output results...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

CIS export pig iron prices fall again on scrap market uncertainty

Export prices for CIS-origin pig iron showed further losses in the week ended Thursday October 19 as uncertainty in the scrap markets led buyers to hold back from purchasing.

Brazilian pig iron export prices down on poor market conditions

Export prices for Brazilian pig iron declined this week amid weakening market conditions, Metal Bulletin has learnt.