Steel Business Briefing

Today's SBB Steel News
China’s exports continued to rise in April
SE Asian rebar prices remain firm, for now
CIS billet offered at $1,000/t-plus fob, traders say
Malaysia frees market for bar and billet
CSN could increase prices in the second half
First quarter US imports off 11% from last year's Q1
Nucor surcharge on contract sheet prices up $120 for June
Europe
Italian pig iron market faces possible shortage
ArcelorMittal consolidates tinplate into Flat Carbon Europe
ArcelorMittal works to secure profit on tinplate
German steel output falls year-on-year in April
Corus says new galv coating brings cost benefits
Severstal-Metiz strengthens presence in Ukraine
ArcelorMittal Poland suspends expansion plan over CO2 limit
Asia
India’s Baldota group plans new alloy steel plant
Kyoei and Tokyo Tekko agree on technical alliance
Toyota to swap boutique steel to supermarket lines
Korean import rise widens steel trade deficit
Jiangsu Dajiang Metal commissions first HDG line
Changcheng Special Steel eyes July start for new bar mill
North America
Steel industry success is sustainable, say top US execs
Upgrading existing operations preferred choice for US mills
Energy next big issue for steelmakers
US discrete plate import licenses off, coiled plate up
California Steel names new CEO
Latrobe Specialty declines union's offer to return to work
Esmark calls ArcelorMittal's lawsuit frivolous
US hotrolled coil imports poised to rise by 30%
Latin America
Demand picking up in Mexico and Argentina, Ternium says
Paraguay's Acepar begins 12-day maintenance outage
Chile's CAP Group studying pelletising plant overseas
Middle East & Africa
Egypt's Hadisolb reports sharp increase in profit
Ezz gets approval for Algerian rebar project
DGCX rebar futures volumes decrease with prices rising
Lebanon market is paralysed by politics; traders re-export
Stainless
Cost of chrome pushes up 430 series stainless in US market
Scrap & Raw
Anglo American starts up new $1.5bn nickel project in Brazil
Canadian met coal contract prices nearly triple
Tokyo Steel lifts scrap buying prices at Utsunomiya
Wuhan secures Canadian iron ore supplies
Chinese ferro-tungsten makers cut output to support prices
Indian domestic pig iron prices fall on new export curbs
LKAB makes first pellets at new plant in Kiruna
UK scrap prices surge up to £70/tonne for May contracts
Vale signs five-year leasing contract with Kobrasco
Esmark settles lawsuit over scrap dispute with Strauss
Tubes & Pipes
Tubacex results see profit increase in Q1
Turkish pipe producer increases capacity to export
Turkish pipe export prices rise on higher freight costs
Poland’s Alchemia aims to take over state-owned tubemaker
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