GERMAN STEEL MARKET EXPECTS SIGNIFICANT DECREASE IN INVENTORY, OUTPUT **Germany steel industry in good shape ** .The inventory perception index was 18.75, indicating that market participants predicted much lower stored steel volumes in April. This matched market members...
CHINA'S JAN-FEB FINISHED STEEL EXPORTS FALL 18.8% ON YEAR TO 8.234 MIL MT ** China's finished steel exports dropped sharply, daily average of exports down 13.9% from December. ** The General Administration of Customs data revealed that China's finished steel imports fell 7....
NICKEL AND ALUMINIUM START TRADING STRONG * Nickel (+3%) and aluminium (+1.5%) started strong in LME trading on Monday morning. Positive labour market data was reported from the United States and Germany. And what happens to dumped aluminium ...
STAINLESS STEEL PRICES SHAKEN BY LME NICKEL TURMOIL Buyers and sellers were attempting to determine the impact of Russia's invasion of Ukraine on the stainless steel market. This industry is already being impacted by growing raw material costs, rising ...
US TODAY: STEEL PRODUCTION INCREASES; GLOBAL DEMAND PICKS UP United States Steel Corp. (US Steel) reported a jump in profit and revenue for the quarter ended March 31, driven by steady demand and rising steel prices. The steelmaker posted net income of USD 882...
ASIAN REBAR PRICES INCH UP AMID HIGHER BUYING INDICATION Asian rebar prices increased as some buyers held bullish outlooks on the prices and tried to follow the trends in the market. The 16-20 mm diameter BS500 rebar grade was assessed up $1/mt at $836/mt ...
VIET NAM STEEL TODAY: A ROUNDUP OF STEEL INDUSTRY NEWS FROM AROUND THE WORLD **Baowu Group acquires Xinyu Steel** China's largest steelmaker Baowu Group is taking majority control of a steel company in the Jiangxi province, fast-tracking the company's consolidation plan and bo...
ITALIAN STEELMAKERS, MERCHANTS CLASH OVER SCRAP EXPORTS Italian steel trade association Assofermet says there is no scrap shortage caused by exports that may impact Italian steelmaking. Italian scrap exports to countries outside Europe decreased by 12.6% ...
BRAZIL EXPORT-ORIENTED SLAB PRICES UP $50 ON WEEK, US RESUMES BUYING Brazil export-oriented slab prices increased $50 on the week ended March 25, as the US customers resumed purchases for June shipments, said sources. The Platts weekly Brazilian steel slab price was a...
STEEL PRICES SURGE AS WAR IN EUROPE DISRUPTS SUPPLY CHAINS Prior to Russia’s invasion, EU steel producers were attempting to lift prices due to high costs, particularly for energy, but the success of the initiative was mixed. Coil stocks were high, and gaps w...
BRAZIL FLAT STEEL DISTRIBUTORS’ SHIPMENTS FALL 3.7% ON YEAR TO 312,300 MT IN FEBRUARY Shipments by Brazilian independent flat steel distributors and service centers fell 3.7% on the year to 312,300 mt in February, according to data released March 22 by the national flat products distri...
U.S. TO GRANT BRITAIN DUTY-FREE STEEL QUOTA OF OVER 500,000 METRIC TONS ANNUALLY The U.S.-UK steel trade agreement expected to be announced later on Tuesday will allow more than 500,000 tonnes of British-made steel annually into the United States duty-free, sources familiar with t...