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30/May/2016
Latest news from Platts
China's output reached new high in mid-May
Italian coil prices stabilise at firm levels
NW Europe longs and scrap markets inactive
Flat Products
Asia
Chinese plate prices do reverse U-turn in East Asia
JFE, Kobe follow NSSMC in targeting higher flats prices
Shougang orders thin slab casting/rolling unit for new plant
Taiwan’s CSC ups July-August prices $52.3/mt on hopeful Q3
Chinese physical HRC market is hijacked by futures
Asian HRC resumes decline as traders go short
Europe
NLMK's Belgian mill Clabecq may grow Q&T plate output by 10%
EU HRC assessment rationale
Low demand pulls down sheet prices in Turkey
Coil import offers fall in line with N.Europe, but not attractive
CIS
Russian HRC mills succeed in hiking domestic prices
Ilyich stalls full restart of revamped BF till better market
Black Sea slab prices soften but much less than billet
North America
US sheet prices firm heading into holiday weekend
US hot-rolled coil price assessment still at $620-$640
CRC prices steady in US market at $820-$840/st
Long Products
Asia
Buyers hold off in falling East Asian billet market
Korean construction steel market firm ahead of summer
Asian rebar unchanged despite Chinese home-market rally
Europe
Turkey's Kardemir sharply cuts sections and angles prices
Rebar offers in Turkey stable, but market stagnant
Turkey FOB rebar assessment rationale
CIS
CIS billet assessment rationale
Tubes & Pipes
Asia
Vallourec opens new oil and gas facility in Singapore
North America
US rig count steady, Canada drops by one
Stainless & Specialty Steels
Asia
Asian stainless prices down further with weak nickel
Europe
Engineering steel surcharges jump to multi-month highs
Raw Materials & Scrap
North America
US prime scrap could regain premium over shred
South America
Brazil's Vale, Samarco, Anglo American shipments up 3.6%
World
Iron ore weekly report: Prices flirt with $50/dmt mark
Coal weekly report: Spot prices weaken in active trading
Scrap weekly report: Turkey remains quiet, Asian prices down
Corporate & Industry
Asia
Tata Steel aims for higher volumes in India
Europe
EU steel sector restructures as new players enter
VW and ArcelorMittal to collaborate on auto development
South America
NSSMC 'to challenge' election of CEO at Brazil's Usiminas
LatAm's Q1 steel consumption falls 17% on year: Alacero
World
G7 pledges action on steel over-capacity
World consumption dipped in 2015, first drop in six years
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