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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 ...
May 9, 2022
0 2679

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 ...
May 7, 2022
0 2916

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...
May 6, 2022
0 2539

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 ...
May 5, 2022
0 3127

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...
May 4, 2022
0 2723

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% ...
May 3, 2022
0 2590

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...
May 3, 2022
0 2847

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...
May 2, 2022
0 2930

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...
Apr 27, 2022
0 2495

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...
Apr 27, 2022
0 2673

EU COIL MARKET ‘CHAOS’ SHAKES PRODUCT PRICE SPREADS
As seen in the European steel market over the past three weeks, the veritable chaos has shaken some customary relationships between product groups. This is especially true for hot-dip galvanized (HDG)...
Apr 24, 2022
0 2673

REPROCESSING SCRAP WILL BOOST INDIA'S STEEL PRODUCTION: MINISTER RAM SINGH
Union Steel Minister Ram Chandra Prasad Singh on Saturday said production of steel in India will increase in the years to come as it expands scale of reprocessing scrap materials. Speaking to PTI here...
Apr 23, 2022
0 2677
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