July 2017

STEEL WEEK IN BRIEF: Rising scrap prices, higher steel prices globally, Vale/ArcelorMittal Q2 earnings...

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

CIS pig iron export prices up by $10-20 on general optimism

Export prices for CIS-origin pig iron have risen by $10-20 per tonne over the past week, driven by the wave of price rises across the spectrum of products – from raw materials to finished steel.

Brazilian steel institute cuts forecasts for 2017 consumption, sales

The Brazilian steel institute, Aço Brasil, has revised downward its forecast for the country’s steel consumption and sales this year, due to the weak domestic market.

India DRI supplies to rise as Tata Sponge Iron agrees to build new plant

Indian direct reduced iron (DRI) producer Tata Sponge Iron has agreed in principle to build a new plant in the country, a company spokesman told Metal Bulletin on Wednesday July 26.

STEEL WEEK IN BRIEF: Raw materials prices on the rise, global steel prices up, EU's trade case against HRC...

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

CIS pig iron export prices stable, deals scarce

Export prices for CIS-origin pig iron have remained stable over the past week, as although there were some higher offers, the workable price was unchanged, sources said.

Brazilian pig iron export prices up on fresh trading activity

Export prices for Brazil-origin pig iron rose this week amid renewed trading activity and a bullish outlook, Metal Bulletin has heard.

World DRI production up 5% in June, Worldsteel says

Global output of direct reduced iron (DRI) increased by 4.81% year-on-year in June 2017, according to the World Steel Assn (Worldsteel).

ASIAN MORNING BRIEF 19/07: LME copper prices rise on weak dollar; iron ore prices rise on production cuts; Metalloinvest launches HBI facility

The latest news and price moves to start the Asian day on Wednesday, July 19.