Market News

  • India Finished Steel Export Slumps Over 25% In April

    • India’s export of finished steel slumped by 25.2 per cent to 0.558 million tonnes (MT) during April 2018, according to a report. The country had exported 0.746 MT finished steel during the same month a year ago, the Joint Plant Committee (JPC) said it its latest report. The JPC, under Ministry of Steel, is the […]

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  • Iron Ore Gets A Boost From Stronger Steel Prices In China

    • Iron ore prices rose last week, supported by strength in Chinese steel markets. According to Metal Bulletin, the spot price for benchmark 62% fines rose 0.7% to $67.23 a tonne, largely reversing much of the 1% decline seen a day earlier. As seen in the chart below, the benchmark has been stuck in a narrow […]

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  • Ultra-High-Tensile Steel Demand Prompts New CGL For NSSMC

    • Japanese steelmaker Nippon Steel and Sumitomo Metal Corporation (NSSMC) is planning to install a continuous hot dip galvanising line at its Kimitsu Works in Chiba Prefecture on the eastern outskirts of Tokyo. The aim is to strengthen the supply system for ultra-high-tensile steel sheets with a tensile strength of 1.0GPa or more. According to NSSMC, […]

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  • EU Steel Prices Rise Despite New US Import Tariff Announcement

    • The recent US announcement of a 25 percent tariff on steel imports certainly created a great deal of speculation and uncertainty in the EU market. It dominated discussions during MEPS research, in March. However, purchasing and prices were not directly affected by the news. European strip mill product basis values continue to move up. Figures […]

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  • March 2018 – Crude Steel Production

    • World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) was 148.3 million tonnes (Mt) in March 2018, a 4.0% increase compared to March 2017. World crude steel production was 426.6 Mt in the first three months of 2018, up by 4.1% compared to the same period in 2017. Asia […]

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  • EU Given Further 30-day Exemption On US Section 232 Tariffs

    • May 1st 2018 – Following the announcement today of an extension to the EU exemption from US steel tariffs, UK Steel Director, Gareth Stace commented that the news will be greeted with ‘a certain sense of relief’ for steel producers in the UK. “A further extension to the EU exemption gives us a little more […]

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  • Global Crude Steel Production Forecast To Exceed 1.7 Billion Tonnes in 2018

    • Provisional estimates indicate that global crude steel production in 2017 increased by 5.3 percent, year-on-year, to reach 1.69 billion tonnes. China’s reported output growth, at 5.7 percent, resulted from rising production by the country’s major mills, following the closure of hundreds of induction furnaces. Output from these small facilities was previously not included in official […]

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