The Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey's steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said on Wednesday, July 11. The main reason for the decline in Turkey's steel ex...Read More
Activity in the European market for hot-rolled coil (HRC) has been slow this week, with buyers keeping to their wait-and-see positions ahead of the announcement of a provisional decision in a regional safeguard case, sources told Metal Bulletin on Wednesday July 11.The European Commission (EC) is expected to set preliminary measures in the case either later this week or early next week, according...Read More
European steel plate producers are aiming for a further rise in domestic prices after successfully implementing increases earlier this month, sources told Metal Bulletin.Although not many deals have been reported due to the seasonal summer slowdown, the outlook is positive and sellers are likely to achieve transaction price increases after the rise in official offers, according to m...Read More
Domestic prices for steel beams in Europe remained unchanged this week, despite mills cutting offer prices in response to the arrival of low-priced imported material, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe were flat week on week at ?,?590-630 ($692-739) per tonne delivere...Read More
Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe strengthened over the past week, amid supply concerns before the expected preliminary decision in the EU safeguard case, sources said on Wednesday July 11.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Southern Europe was ?,?530-550 ($622-645) per tonne delivered on Wednesday, up fro...Read More
Prices for seaborne Australian iron ore fines and lumps fell slightly on Wednesday July 11 while more details emerged over possible measures to cut emissions in China's steelmaking hub.Metal Bulletin 62% Fe Iron Ore Index: $63.34 per tonne cfr Qingdao, down $0.57 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.16 per tonne cfr Qingdao, down $0.66 per tonneMetal Bulletin 58% Fe Premiu...Read More
China's steel futures rose during morning trading on Wednesday July 11 having started the day weak, while the steelmaking raw materials contracts ended the session little changed from their opening prices.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,872 yuan ($584) per tonne, up 36 yuan per tonne October hot-rolled coil: 3,944 yuan per tonne, up 36 yuan per t...Read More
CIS export billet prices continued to fall on Wednesday July 11 amid a lack of supporting factors, Metal Bulletin was told.Buying activity in most markets remained close to nil, with customers referring to weak domestic markets for finished long steel products, and consequently expecting import billet prices to drop further.Besides that, import scrap prices in Turkey moved downward again with book...Read More
Iranian export billet prices increased by $5-10 per tonne over the week ended Wednesday July 11 because the availability of material in the market tightened, Metal Bulletin has heard.One of the reasons for a reduced allocation of billet for exports was increased demand for the semi-finished product in the domestic market. This was not spurred by real consumption, however, but by a loss in the valu...Read More
Stainless steel prices in North America are likely to be supported by the US Section 232 steel import tariffs while, in Asia, Chinese production cuts on environmental grounds could support prices in the third quarter.And in Europe, price stability is expected unless safeguarding measures are introduced by the European Commission, with a preliminary decision expected within the next week. Prices ar...Read More
Metal Bulletin started a weekly price assessment for stainless steel hot-rolled coil (HRC) on a $ per tonne cif East Asian ports basis on Wednesday July 11, while discontinuing its East Asian price for stainless steel hot-rolled sheet.After a consultation period, Metal Bulletin has launched a weekly price for Asia grade 304 stainless steel HRC imports into East Asia to better reflect trading...Read More
Prices for domestic hollow steel sections have been stable in Europe so far this week due to summer holidays across Europe causing a typical dip in demand, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe was unchanged for a third week on July 11 at ?,?640-650 ($751-763) pe...Read More
Turkish pipe export prices have continued to weaken in July on poor demand in the major markets because of the Section 232 import tariff in the United States and an EU safeguard investigation, sources said on Wednesday July 11.Metal Bulletin's monthly export price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $620-630 per tonne fob on July 11, narrowing downward fr...Read More
Argentina's automotive production dropped by 13.40% year-on-year in June 2018, with the sector affected by a national strike and also by protests in neighboring Brazil, according to national automotive association Adefa.Production totaled 39,420 vehicles in June, compared with 45,496 units in the corresponding month last year, Adefa said last week. It was the first monthly decrease of this year in...Read More
Brazilian automotive production increased by 21.10% year on year in June, according to the latest figures released by national automobile association Anfavea. Output reached 256,300 units last month, compared with 211,600 units in June 2017, Anfavea said on Friday July 6. Sales to the domestic market reached 202,000 units, up by 3.60% from the 195,000 vehicles sold in June 2017. Exports declined b...Read More
The Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey's steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said on Wednesday, July 11. The main reason for the decline in Turkey's steel ex...Read More
Prices for rebar produced and delivered in Northern Europe narrowed upward by ?,?15 per tonne over the past week as supplies tightened amid summer maintenance shutdowns at mills, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?550-560 ($645-657) per tonne delivered on Wednesday, up from ?,?535-560 per tonne...Read More
Italy's industry minister Luigi Di Maio is expecting to see a new proposal from ArcelorMittal about jobs and the environment at Italian steelmaker Ilva, he said at a meeting with trade unions and the steelmaker on July 9. ArcelorMittal originally expected to finalize the acquisition by the end of the second quarter, but in late June the Italian authorities postponed the takeover of Ilva by Arcelor...Read More
Stainless steel prices in North America are likely to be supported by the US Section 232 steel import tariffs while, in Asia, Chinese production cuts on environmental grounds could support prices in the third quarter.And in Europe, price stability is expected unless safeguarding measures are introduced by the European Commission, with a preliminary decision expected within the next week. Prices ar...Read More
Tin premiums in Europe have softened over the week to Tuesday July 10 after dwindling demand began to take root over the summer period, while premiums in the United States and China held steady on abundant supply and minimal spot activity. Supply flows unsettle European tin market Rotterdam 99.9% tin premiums soften as demand weakens China, US premiums flat Tin premiums fall again in...Read More