Steel News Global SCRAP REGISTER en-us 2017-01-24T12:33:23+01:00 Restricted availability boosts EU Steel prices>uploads/news/2017/1/20777208621485173842 European strip mill product prices continued to strengthen, in January. The substantial upward pressure from raw material costs diminished. However, supply remained extremely tight and domestic mill delivery lead times stretched into the second quarter. European Steel: Looking back at 2016 and challenges ahead>uploads/news/2017/1/1766166401484914645 A buoyant Chinese steel market helped support higher prices internationally in 2016. The surge in Chinese steel prices began in February on the news that crude steel production in the Tangshan steel hub would be curtailed to reduce smog during a horticultural exposition. US domestic Raw Steel production climbs nearly 7% to 1,716,000 net tons>uploads/news/2017/1/2354296111484796066 United States domestic raw steel production climbed by nearly 7 percent to 1,716,000 net tons during the week ended on January 14, 2017 while the capability utilization rate was 72.3 percent, as per the latest figures released by the American Iron and Steel Institute (AISI). ASEAN HRC Steel import prices fall to $511 a ton>uploads/news/2017/1/3766553801484719296 The physical market had a quiet start to the year due to a bearish Chinese steel futures market. Chinese mills were heard to drop their offers to between $520-530 a ton for SAE grade and $510 a ton for SS400 grade, while traders were willing to sell their position cargoes $10 a ton lower. Northern European HRC Steel prices decline to €548 per ton>uploads/news/2017/1/2141876891484654762 The North European HRC index closed the week at €548 a ton, as a number of trades below the €550 a ton mark were reported during the week. More clarity on prices should come next week, although with the current long delivery lead-times evident steel prices are expected to remain firm. Iron Ore prices firm in December on restocking activity, firmer Steel prices>uploads/news/2017/1/11989807791484648884 Iron ore prices firmed in December on restocking activity and firmer steel prices. The TSI 62% Fe iron ore benchmark averaged 10.37% higher last month compared with November. Southern European HRC Steel prices fall to €528 per ton>uploads/news/2017/1/97895091484565161 The Southern European hot rolled cold (HRC) steel prices fell to above €528 a ton during the week ended January 06, as per the latest figures from the Steel Index. ASEAN HRC Steel prices shoot up to $512.33 a ton in December>uploads/news/2017/1/14051439951484308019 ASEAN HRC index rose throughout first three weeks of December, peaking at $521 a ton, the highest reading since September 2014, before cooling off during the last week of 2016. The monthly average came in at $512.33 a ton, a $35 a ton increase m-o-m. Iron Ore markets remain quit ahead of weekend>uploads/news/2017/1/4863180491484306670 It was a quiet spot iron ore market ahead of the weekend. An Australian miner sold 61% Fe PB Fines through a tender just above 79.5. European Steel prices trending upwards in December>uploads/news/2017/1/20799488171484299868 European steel prices had a strong end to 2016, trending upwards in December. Regional steel producers continued to push increases to their coil list prices, and some mills in Northern Europe started to test close to €600 a ton as the new offer level for HRC.