Steel News http://www.scrapregister.com/rss/suppliers Global SCRAP REGISTER en-us 2017-04-27T12:45:22+01:00 tranzmedia.com Scrapregister.com http://www.scrapregister.com//images/web/logo.png http://www.scrapregister.com/ Procurement activity remains tepid in emerging Steel markets http://www.scrapregister.com/>uploads/news/2017/4/1162529811493270291 http://www.scrapregister.com/news/42417/procurement-activity-remains-tepid-in-emerging-steel-markets http://www.scrapregister.com/news/42417/procurement-activity-remains-tepid-in-emerging-steel-markets The business environment remains challenging in the Brazilian steel market. End-users are exhibiting little urgency to purchase material, even with discounts granted, according to MEPS. US Steel reports loss during the first quarter http://www.scrapregister.com/>uploads/news/2017/4/17825762531493187744 http://www.scrapregister.com/news/42416/us-steel-reports-loss-during-the-first-quarter http://www.scrapregister.com/news/42416/us-steel-reports-loss-during-the-first-quarter During the first quarter, US Steel reported a loss of $180 million in the flat rolled steel and tubular segment. When compared to the net loss of $340 million in the first quarter in 2016 it is comparatively less. European Steel demand expects to grow further http://www.scrapregister.com/>uploads/news/2017/4/15494484631493186584 http://www.scrapregister.com/news/42415/european-steel-demand-expects-to-grow-further http://www.scrapregister.com/news/42415/european-steel-demand-expects-to-grow-further The European Steel industry expects an annual steel demand growth of 2.5 percent this year, on the back of recent strong economic sentiment extending into March. India likely to overcome Japan as second largest Steel producing country http://www.scrapregister.com/>uploads/news/2017/4/13133759731493125424 http://www.scrapregister.com/news/42411/india-likely-to-overcome-japan-as-second-largest-steel-producing-country http://www.scrapregister.com/news/42411/india-likely-to-overcome-japan-as-second-largest-steel-producing-country India's Steel production during the month of March this year increased 8.2 percent to 9 million tons, which is highest among the major producing countries. The world's average production increased by4.6 percent during March. US Raw Steel production increases to 1,715,000 net tons http://www.scrapregister.com/>uploads/news/2017/4/10020303901493116990 http://www.scrapregister.com/news/42409/us-raw-steel-production-increases-to-1715000-net-tons http://www.scrapregister.com/news/42409/us-raw-steel-production-increases-to-1715000-net-tons United States domestic raw steel production was 1,715,000 net tons in the week ended on April 22, 2017 while the capability utilization rate was 73.6 percent, according to the latest figures from the American Iron and Steel Institute (AISI). NORDIC region Rebar prices remain steady in April http://www.scrapregister.com/>uploads/news/2017/4/7649536961493038277 http://www.scrapregister.com/news/42405/nordic-region-rebar-prices-remain-steady-in-april http://www.scrapregister.com/news/42405/nordic-region-rebar-prices-remain-steady-in-april Declining raw material costs and shrinking delivery lead times, from the mills, are putting negative pressure on hot rolled coil prices. Demand from the construction sector continued to be strong in some areas, according to MEPS. Steel recovery strengthens, but geopolitical uncertainty clouds outlook http://www.scrapregister.com/>uploads/news/2017/4/12528694091493033737 http://www.scrapregister.com/news/42403/steel-recovery-strengthens-but-geopolitical-uncertainty-clouds-outlook http://www.scrapregister.com/news/42403/steel-recovery-strengthens-but-geopolitical-uncertainty-clouds-outlook The World Steel Association (worldsteel) has released its Short Range Outlook (SRO) for 2017 and 2018. worldsteel forecasts that global steel demand will increase by 1.3% to 1,535.2 Mt in 2017, following growth of 1.0% in 2016. In 2018, it is forecast that global steel demand will grow by 0.9% and will reach 1,548.5 Mt. China Cold Rolled Sheet production declines during Jan-Mar http://www.scrapregister.com/>uploads/news/2017/4/19126954891493033802 http://www.scrapregister.com/news/42400/china-cold-rolled-sheet-production-declines-during-jan-mar- http://www.scrapregister.com/news/42400/china-cold-rolled-sheet-production-declines-during-jan-mar- Cold rolled steel production of China during March, this year was seen at 3.207 million metric tons, a decline 3.1 percent when compared to same period last year. During January-March period of the current year, the production was decreased by 3.8 percent to 8.402 million mt when compared to same period last year. AIIS expresses ‘concern’ about Steel imports investigation http://www.scrapregister.com/>uploads/news/2017/4/15880441631493025209 http://www.scrapregister.com/news/42399/aiis-expresses-concern-about-steel-imports-investigation http://www.scrapregister.com/news/42399/aiis-expresses-concern-about-steel-imports-investigation AIIS President Richard Chriss said his association is “concerned about the nature and scope of this investigation,” which, he said, should not be used as a basis to shield domestic manufacturers from fair price competition. Beijing Spot Rebar prices down by RMB 25 a ton http://www.scrapregister.com/>uploads/news/2017/4/17088763631492774165 http://www.scrapregister.com/news/42393/beijing-spot-rebar-prices-down-by-rmb-25-a-ton http://www.scrapregister.com/news/42393/beijing-spot-rebar-prices-down-by-rmb-25-a-ton Chinese futures market rebounded on Friday, lending some support to the spot iron ore market. An Australian miner sold 61% Fe PB Fines on COREX at 64.55, reported the STeel Index.