US hot-rolled coil steel prices fall to lowest level since June 1

US hot-rolled coil prices fell to the lowest level since June 1 as mills lower prices while buyers hold off on orders, sources said Monday. The daily Platts TSI US hot-rolled coil assessment fell by $7.25/st to $894/st, while the daily Platts TSI US cold-rolled coil assessment dropped by $3.75/st to $1,000/st. The drop puts
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With Canada expected to announce consultations Tuesday on potential measures to limit steel transshipment, there’s evidence countries are already upping their exports to Canada. Imports of iron and steel from countries other than the U.S. have spiked, coinciding with President Donald Trump’s imposition of 25 percent tariffs on foreign steel from Canada and other countries.
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India has the potential to produce 300 million tonnes of steel by 2030, experts observed at a two-day conference on steel-making that began here on Friday. Addressing the inaugural of ‘Vision 2030- Mission 300 MTPA’ on Friday, Rashtriya Ispat Nigam Limited CMD P. Raychaudhary said achieving the production target of 300 MTPA crude steel, though
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China’s Shanghai rebar recovered from a dip in the previous session after weekly inventory data showed firm demand from downstream sectors, even as a trade row with the United States intensified. Weekly stocks of steel products dipped 5,800 tonnes to just below 10 million tonnes as of Friday, data from consultancy Mysteel showed, with rebar
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Shanghai rebar futures pared losses on Thursday to close near a six-year peak reached in the prior session on expectations further output curbs in China could keep supply tight in the world’s top producer. On top of ongoing restrictions at industrial plants in many Chinese cities, Beijing is planning to impose production curbs for a
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China’s steel futures pulled back after hitting their highest level since 2013 on Wednesday as news that the United States could slap higher tariffs on $200 billion of imported Chinese goods halted a rally that pushed prices 10 percent last month. But traders say Beijing’s sustained campaign to curb industrial production, including steel, to fight
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NEW DELHI: The US has indicated that it will consider a waiver to India from its 25% additional tariff on steel, provided New Delhi offers an acceptable proposal to lower the volume of its supplies of the metal to the World’s biggest economy according to sources. The move is important, as a failure to strike
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Evergas is very pleased to announce that the first 85.000cbm VLEC was successfully undocked in China and will be delivered in the first quarter of 2019. Following the successful undocking of the first VLEC, the steel cutting of the second vessel was celebrated in the workshop of the leading Chinese shipyard, DSIC and shows our
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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in June 2018, a 5.8% increase compared to June 2017. World crude steel production was 881.5 Mt in the first six months of 2018, up by 4.6% compared to the same period in 2017. Asia
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