March 2017

STEEL WEEK IN BRIEF: Iron ore prices down, coking coal prices recover, steel trade flows series...

Metal Bulletin reviews some of the key news and price moves from the past week in the global steel market.

Latin America's steel trade deficit with China falls 30% in 2016

Latin America’s steel trade deficit with China dropped by 30.30% in 2016 on an annual basis due to reduced import volumes of steel products, regional steel association Alacero said on Thursday March 30.

Loth will head metals division at Englehart after management reshuffle

Shon Loth will lead Englehart Commodities Trading Partners’ metals and minerals division after the commodities trader re-shuffled its senior management, it said on Friday March 31.

IRON ORE PRICES: Benchmark index slides to $80 per tonne cfr

Iron ore prices weakened again on Friday March 31 as supply pressure continues to grow while the steel market continues to see thin trading.

Supply pressure weakening iron ore prices

The seaborne iron ore market remained under pressure on Friday March 31 amid rising supply and thin trading activity for steel products.

METALS MORNING VIEW 31/03: Metals prices ignore better Chinese PMI data for now

Base metals prices on the London Metal Exchange are down an average of 0.4% this morning, Friday March 31, this despite better Chinese PMI data.

China AM: Futures fall amid lower steel PMI for March

China’s ferrous futures fell across the board during morning trading on Friday March 31 after the release of statistics showing the country’s latest steel purchasing managers’ index (PMI) falling by 0.8 points.

Seaborne iron ore buying weakens despite pre-holiday port restocking

Seaborne iron ore buying activity fell on Thursday March 30 amid a futures pullback, although Chinese mills continued to restock from ports ahead of a three-day public holiday.

IRON ORE PRICES: Benchmark index slips below $82 per tonne cfr China again

Iron ore prices fell below $82 per tonne cfr China on Thursday March 30 as trading activity became scarcer amid a retreat in the Chinese futures market.