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28/May/2020
Latest news from Platts
27 May 20 Posco supplies 128,000 mt of steel to Turkey's Canakkale Bridge
28 May 20 China fast-tracks infrastructure investment, will support steel demand
27 May 20 Posco supplies 128,000 mt of steel to Turkey's Canakkale Bridge
27 May 20 Turkish bar/billet prices rangebound, demand apparently rising
Flat Products
Asia
28 May 20 Asia HRC stagnant amid slow trading
28 May 20 Platts Asia HRC Assessment Rationale
27 May 20 Indian HRC softens, demand lull plagues offtake
27 May 20 Chinese plate export prices rise strongly in May on strong domestic market
27 May 20 Asian HRC extends decline amid falling offers
27 May 20 Platts Asia HRC Assessment Rationale
Europe
28 May 20 Platts EMEA TSI HRC Index Assessment
28 May 20 European hot-rolled coil market weakens again
27 May 20 HDG continues lower as automotive demand is slow to return
27 May 20 European steel buyers divided on short-term market direction
27 May 20 Platts EMEA TSI HRC Index Assessment
CIS
27 May 20 Black Sea slab prices gain as buyers return with orders
27 May 20 Black Sea coil prices show modest recovery
North America
28 May 20 US HRC prices edge up; spot activity remains limited
28 May 20 Platts US HRC daily index rationale
27 May 20 US mill lead times for sheet products steady, plate rises
27 May 20 US HRC prices flat; weak spot activity persists
27 May 20 Platts US HRC daily index rationale
27 May 20 Canada launches antidumping probe into heavy plate from 5 countries
Long Products
Asia
28 May 20 Asian billet, rebar steady amid stable offers
27 May 20 Asian billet steady as buying interest returns in Philippines
27 May 20 Singapore rebar recovery expected to be slow on strict reopening rules
27 May 20 Asian wire rod in stalemate amid muted trading activity
Europe
28 May 20 Kardemir's lower prices surprise the market, 100,000 mt of billet sold
28 May 20 Turkish long steel producer Koc extends stoppage until July
28 May 20 Platts EMEA Turkish Rebar Daily Rationale
27 May 20 Turkish mills push for higher FOB rebar prices after scrap buying spree
27 May 20 Platts EMEA Turkish Rebar Daily Rationale
27 May 20 Turkish bar/billet prices rangebound, demand apparently rising
CIS
28 May 20 Black Sea billet price upturn hampered by lower demand
27 May 20 Platts FOB Black Sea Steel Billet Rationale
Tubes & Pipes
Asia
28 May 20 China’s OCTG edges down amid weak demand
North America
28 May 20 US rig count slips by 24 to 333 as cycle bottom seen nearing
World
28 May 20 Oil price slide effecting US drill pipe demand: Borusan Mannesmann
Raw Materials & Scrap
Asia
28 May 20 Japan’s April ferrous scrap exports surge 46% on year
Europe
28 May 20 Platts EMEA Turkish Ferrous Scrap Daily Rationale
28 May 20 Turkish import scrap prices firm up as mills resume buying activity
27 May 20 Platts EMEA Turkish Ferrous Scrap Daily Rationale
CIS
28 May 20 Russian plan for scrap exchange trading halted by coronavirus
North America
28 May 20 Sideways obsolete scrap pricing expected ahead of June US buy week
28 May 20 US Shredded Scrap Midwest Daily Rationale
27 May 20 US Shredded Scrap Midwest Daily Rationale
Corporate & Industry
Asia
28 May 20 China's indirect steel exports badly hit, outlook remains bleak: sources
28 May 20 ASEAN carmakers face bleak 2020, demand hammered
27 May 20 Steel mills Ann Joo, Southern Steel end JV talk
Europe
28 May 20 UK steel mills seeking government loans for COVID-19 relief
28 May 20 Nissan to close Barcelona plant, further slicing Spain's steel demand
28 May 20 European steel production, demand weak amid high stocks
27 May 20 FACTBOX: Turkish steel restarts but demand, protectionism dim prospects
27 May 20 Turkey informs WTO of possible duties on EU steel imports
North America
28 May 20 US steel imports up 58% in April, boosted by Brazilian semis
World
28 May 20 Posco supplies 128,000 mt of steel to Turkey's Canakkale Bridge project
28 May 20 Nissan to slash global output by 20% over four years; some plants to close
28 May 20 Steel market heards selection
27 May 20 Steel market heards selection
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