December 2016

2017 OUTLOOK: EU trade measures will support flat steel prices but 'may cause shortages'

The number of anti-dumping measures taken by the EU concerning flat steel products will support the region’s domestic prices, but in some cases they will have a negative effect on distribution and may limit the availability of material in the market, according to some sector commentators.

2017 OUTLOOK: Turkish flat steel sector has mixed expectations for 2017

Growth in the flat steel sector in Turkey is expected to continue in 2017, but market participants have different opinions about prospects for the longer term.

2017 OUTLOOK: UK steel benefits from low sterling, high materials costs

The year of 2016 presented the UK with significant economic and political challenges, but some participants in the UK steel industry are entering 2017 in good shape.

DAILY SCRAP REPORT: Market remains quiet for New Year holiday

The Turkish scrap import market remained quiet at the end of the week as most market participants were already away for their New Year holidays, Metal Bulletin was told on Friday December 30.

Turkish flat steel exports up 46% in November

Turkey exported 287,282 tonnes of finished flat steel in November 2016, according to the latest figures available from the Turkish Statistical Institute (TUIK).

Turkish flat steel imports down by 17% in November

Turkey imported 606,378 tonnes of flat steel in November 2016, down by 17.29% from the 733,105 tonnes that came into the country a year earlier, according to the Turkish Statistical Institute (TUIK).

ÇIB expects Turkish exports to rise 3% in 2017

The Turkish Steel Exporters Assn (ÇIB) expects better market conditions in 2017 with domestic demand being supported by new projects and urban transformation schemes, it said on Thursday December 29.

IRON ORE PRICES: Benchmark index drops below $79 per tonne

Iron ore prices fell below $79 per tonne cfr China on Friday December 30 while iron ore futures also tumbled ahead of the New Year holiday season.

China’s spot HRC prices fall in tandem with paper market

China’s spot hot rolled coil prices fell ahead of the weekend on Friday December 30 following the continued declines in the futures market.

China’s spot rebar prices keep dropping in thin trading

China’s spot rebar prices continued moving lower on Friday December 30 on thin trading and rising inventory.