January 2018

Firm fundamentals hold FeMo, MoO3 prices near multi-year peaks

Molybdic oxide and ferro-molybdenum prices have been underpinned over the past week due to steady trading rates, buoyant conversion costs and strong underlying consumption in the steel sector, which is expected to persist in the near term.

EUROPE SECTIONS: Southern EU mills boost offer prices on high demand

Prices for hollow steel sections in Southern Europe have increased this week, with producers in the region responding to firm demand, market sources told Metal Bulletin on Wednesday January 10.

Turkish pipemaker BMB to invest $75 mln in new capacity by 2019

Turkey’s largest steel pipe producer, Borusan Mannesmann Boru (BMB), is going to increase its production capacity with new investments worth $75 million.

TURKEY STEEL PIPE EXPORTS: Turkish pipe export prices rise on costlier HRC

Turkey’s structural pipe export prices have continued to rise in line with increasing costs for hot-rolled coil (HRC), sources said on Wednesday January 10.

GCC sets 30-103% preliminary anti-dumping duties on Chinese pipe

The member-nations of the Gulf Co-operation Council (GCC) have announced preliminary anti-dumping duties at rates ranging from 30.5% to 103% on imports of seamless pipe products from China.

EUROPE SECTIONS: Mills commence new year with plans to raise prices

European hollow sections mills are planning to raise their offer prices for commodity-grade material once the market returns from seasonal holidays this month, sources told Metal Bulletin on Wednesday January 3.

TRADE CASE MONITOR: Around the world in December 2017

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in December 2017.