Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively.

Steel imports into the USA in October fell to the lowest level in six months, on the back of major declines in semi-finished material and plate products.

The Chinese government has allowed a rollover of local governments’ debts, a move that is seen to ensure that ongoing infrastructure projects are not left uncompleted due to lack of funds.

The London Metal Exchange launched four aluminium premiums contracts on Monday November 23, enabling physical market participants to hedge the premium portion of the "all-in" aluminium price.

Three-month base metals prices on the London Metal Exchange were in a steadier tone so far on Wednesday September 12, after they closed broadly lower on Tuesday amid dollar strength and rising trade war concerns.

Markets were indifferent during Wednesday November 13’s early sessions following the conclusion of the third plenary session of the Communist Party of China’s central committee a day earlier.

Chinese steelmakers have begun reining in output to minimise losses, but market participants said much steeper production cuts may be needed to stabilise prices.

Base metals prices had a strong start to the trading week after a solid close on Monday April 16. Two metals dominated the headlines yesterday: the London Metal Exchange’s three-month aluminium price continued its vertical surge, while nickel closed above $14,000 per tonne amid growing concerns that the United States could implement additional sanctions on Russia.

Freight costs from Russia to Turkey for material from Rostov have edged up because of the high volumes of grain shipments, sources told Steel First this week.

Algeria imported 2.27 million tonnes of steel with a value of $1.72 billion in the first half of 2012, according to figures recently released by the country’s customs authority.