December 2018

CIS FLAT STEEL: Buyers await lower prices in early 2019

Buyers in the export market for flat steel products from the Commonwealth of Independent States (CIS) are waiting for lower prices in early 2019 due to oversupply, sources told Fastmarkets MB.

Turkish flat steel imports down by 53% in Nov

Turkey’s imports of flat steel decreased by 52.69% year on year in November 2018, the Turkish Statistical Institute (TUIK) said on Monday December 31.

Asian slab prices flat in quiet market

Import prices for steel slab in Southeast Asia and East Asia were unchanged during the past week due to a lack of bookings as well as sparse bids and offers amid the year-end trading lull.

Vietnam HRC import market stable amid year-end holidays

Import prices for re-rolling-grade hot-rolled coil into Vietnam were steady this past week due to a lack of trading activity amid the year-end holiday season.

RUSSIA FLAT STEEL: Prices unchanged for early 2019 despite VAT rise

Suppliers of hot-rolled (HR) and cold-rolled (CR) steel sheet to Russia’s Central Federal District around Moscow kept prices unchanged for early 2019, despite an increase in the domestic value-added tax (VAT) rate.

TURKEY COATED FLAT STEEL: Prices mostly stable, demand still weak

Prices for coated-steel coil products in Turkey were mostly stable in the week to Friday December 28 amid continued limited demand.

Flat Steel Products Trade Log, December 28, 2018

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

TURKEY FLAT STEEL: Some prices fall, demand still weak

Domestic prices for steel coil products in Turkey fell this week on continued slow demand, sources told Fastmarkets on Friday December 28.

CHINA HRC: Prices drop slightly on moderate trading

China’s hot-rolled coil (HRC) prices dipped on Friday December 28, although trading was moderate because downstream demand was stable, sources told Fastmarkets MB.

China AM: Ferrous futures rangebound on last trading day of the year

China’s ferrous futures fluctuated in a relatively narrow range during morning trading on Friday December 28, the last Chinese trading day of 2018.