December 2015

TRADE CASE MONITOR: Around the world in December

As competition in the global steel markets remains tough, Steel First provides an update on the new, progressing and closed trade cases from around the world in December.

2016 OUTLOOK: EU construction sector enters New Year with optimism

Growing activity in the European construction industry is expected to support long steel demand in 2016, although challenges and regional differences will remain.

2016 OUTLOOK: No comfort for steel sector in China’s car output targets

Will China’s automotive industry continue to enjoy steady growth and to drive demand in the upstream steel market in 2016? Most participants in the sector are not optimistic about the prospects.

DAILY SCRAP REPORT: Indices steady as mills restrict market activity

Turkish import scrap prices remained flat on Thursday December 31 as the mills’ activity in the deep-sea markets was limited.

NLMK considers buying Revyakino long steel mill

Novolipetsk Steel (NLMK), one of Russia’s major steelmakers, is considering the purchase of compatriot long steel producer Revyakino Metal Rolling Plant (RMZ), Reuters reported on Tuesday December 29.

India's import heavy melt scrap prices rise, shredded quotations fall

Import prices for heavy melt scrap (HMS) material in India have inched up by $5 per tonne at the top end of the range over the past week, Steel First has heard.

Turkish domestic flat steel market slow on possible tax changes

Flat steel demand in the Turkish domestic market was slow this week as market participants were waiting for a new import duty regime to be announced before the beginning of 2016.

Turkish coated coil prices unchanged as market waits for New Year

The coated coil market in Turkey was slow this week as market participants were waiting for the New Year to begin before returning to buying activity.

Turkish flat steel import prices fall as buyers fear changes in duty

Flat steel import prices to Turkey decreased this week as buyers waited to see whether the country’s government will make any changes to its import regulations before the beginning of 2016.

Egyptian steel market silent, awaiting new prices next week

The steel market in Egypt was silent this week as buyers were in holiday mood due to the impending New Year celebrations.