Steel News Global SCRAP REGISTER en-us 2017-08-20T19:00:45+01:00 Indian Steel companies profit expected to rise>uploads/news/2017/8/7410564761503057021 On the back of increasing domestic demand and protectionist measures the income of the India Steel companies are expected to increase in the next 12 months, as per Moody's Investor Service. China Crude Steel production shoots up 10 percent during July>uploads/news/2017/8/6948137361503053907 Chinese crude steel has shot up by 10.27 percent year-on-year to 74.02 million tons during the month of July this year, according to the data released by the National Bureau of Statistics. US domestic Raw Steel production climbs 7.6% to 1,780,000 net tons>uploads/news/2017/8/19105619751502855942 United States domestic raw steel production climbed by 7.6 percent to 1,780,000 net tons in the week ending on August 12, 2017, while the capability utilization rate was 76.4 percent, according to the latest figures released by the American Iron and Steel Institute (AISI). Chinese Steel prices to correct down as market fever cools down>uploads/news/2017/8/1986473971502702350 Steel prices will face downward corrections this week after crazy gains since the market will return to rationality along with strengthening regulations, according to SMM. US domestic Raw Steel production increases 6.3 percent>uploads/news/2017/8/14305833401502189558 United States domestic raw steel production has increased by 6.3 percent to 1,762,000 net tons during the week ended August 5, 2017 while the capability utilization rate was 75.6 percent, according to the latest figures released by the the American Iron and Steel Institute (AISI). Physical Billet prices in Tangshan moves higher>uploads/news/2017/8/16232789371501847003 Ferrous futures markets also rose. The most active iron ore contract on DCE rose 1.1%, while SHFE rebar futures gained 3.63%. In China, physical billet prices in Tangshan also moved RMB 50/tonne higher. US Steel import permits plunge during July>uploads/news/2017/8/9187822511501753099 This was a 12.3% decrease from the 3,944,000 permit tons recorded in June and a 10.6% decrease from the June preliminary imports total of 3,868,000 NT. Import permit tonnage for finished steel in July was 2,785,000, down 5.3% from the preliminary imports total of 2,941,000 in June. Global Crude Stainless Steel production likely to reach a new record high in 2017>uploads/news/2017/8/5941715101501677041 Global crude stainless steel production is predicted to reach a new record annual total of 48.5 million tonnes, in 2017. This would exceed the previous high figure, set last year, by nearly 6 percent. US Steel market outlook clouded by Section 232>uploads/news/2017/8/15653501181501579512 Amid the ongoing talk about the Section 232 investigation, the consensus view of US steel market participants is that they are uncertain about the future direction of domestic pricing. EU Flat Steel product prices poised to move up>uploads/news/2017/7/2454577371501496133 A degree of restocking is taking place, in the German market, as service centres sell off their excess inventories, accumulated earlier in the year. Availability, from domestic sources, is good. Underlying steel consumption is robust, according to the MEPS.