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METALS & MINING ALERT：DAILY PRICES AND NEWS：GLOBAL STEEL CAPACITY UTILIZATION AT 8-MONTH HIGH-The 18th China(G
uangzhou)Int’l Metal &MetallurgyExhibition
3/29/2017 -steel expo-metal &metallurgy expo- |
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Cost to implement fuel-efficient standards for cars could be 40% lower
thanestimated using turbo-chargers, advanced transmissions and light
weightmaterials like aluminum instead of steel, per International Council on
CleanTransportation. If true, this could pose a challenge for automakers who
lobbiedagainst these standards on grounds of excessive cost. Recently,
PresidentTrump ordered a review of the standards, which could lead to relaxation
ofefficiency targets or slowdown in their implementation. (Reuters)
China
domestic prices for cold-rolled coil (CRC) continues decline amid
highinventories and rising output. Post recent rally, CRC prices have fallen
~15%since mid-Feb to RMB4,075/ton ($590/ton). Campaign to eliminate
steelcapacity has not helped reduce output and steelmakers choosing to export
lessand sell domestically is further aggravating the oversupply situation.
(SBB))US stainless flats surcharges for series-300 expected to be up in April.
ATIAllegheny Ludlum, AK Steel and North American Stainless published
coldrolledsheet surcharges for Types 304 and 316 at 60c/lb and
76c/lb,respectively (vs. 59c/lb and 73c/lb in March). April surcharge for Type
430stainless sheet was relatively even with March at 32c/lb. (SBB)
US
Hot-Rolled Coil (HRC) spot price rose $18/st WoW to $653/st on 3/22. HRand
Cold-Rolled sheet spread contracted to $201/st (-$17/st WoW). Separately,NYMEX
Dec. 2017 forward HRC price fell $5/st WoW to $595/st. (CRU, CME)Nucor announces
$85m investment to upgrade rolling mill at its steel bar millin Marion, Ohio.
Having an annual capacity of 400kt, Nucor Steel Marion isOhio’s largest producer
of rebar and signpost. Updating the mill technology isexpected to reduce
operating costs, improve their competitive position andadd ~15 jobs at the mill.
金属展-冶金展-2017广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-The 18th China(Guangzhou)Int’l Metal &MetallurgyExhibition
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