Steel News Global SCRAP REGISTER en-us 2017-04-27T12:45:22+01:00 Procurement activity remains tepid in emerging Steel markets>uploads/news/2017/4/1162529811493270291 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>uploads/news/2017/4/17825762531493187744 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>uploads/news/2017/4/15494484631493186584 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>uploads/news/2017/4/13133759731493125424 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>uploads/news/2017/4/10020303901493116990 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>uploads/news/2017/4/7649536961493038277 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>uploads/news/2017/4/12528694091493033737 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>uploads/news/2017/4/19126954891493033802 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>uploads/news/2017/4/15880441631493025209 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>uploads/news/2017/4/17088763631492774165 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.