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News - 30 Jul, 2014
1. Chinese steel price index on July 29 reflect again downtrend - 30 Jul, 2014Top
(Follow @steelguru on Twitter for important updates)

The Chinese Long Product Price Index CLPPI has declined by 1 point, whereas the Chinese Flat Products Index CFPPI has also declined by 3 points. The overall price index CHISPI has gone down by 3 points.

Class28-Jul29-JulChange%
CLPPI55535552-1-0.02%
CFPPI53145311-3-0.06%
CHISPI54185415-3-0.06%

CLPPI – Chinese Long Product Price Index
CFPPI – Chinese Flat Product Price Index
CHISPI – Chinese Steel Price Index

Long Products
Category28-Jul29-JulChange%
PI-WRC55255523-2-0.04%
PI-Rebar5587558700.00%

PI- Product Index

Flat Products
Category28-Jul29-JulChange%
PI-PLTS47784775-3-0.06%
PI-HR53185314-4-0.08%
PI-CR5483548410.02%
PI-GP5861586100.00%

PI- Product Index

To know more about these indices please visit
http://steelprices-china.com/spi_services/spi.html

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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2. Chinese domestic steel rebar price movement on July 29 - 30 Jul, 2014Top
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Rebar
20mm
HRB 400
LocationIn CNYIn USD
Hangzhou102
Nanchang-10-2
Beijing203
Guiyang-30-5

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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3. Chinese domestic steel wire rod price update on July 29 - 30 Jul, 2014Top
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WRC
6.5mm
High Speed
LocationIn CNYIn USD
Hangzhou102
Hefei-10-2
Nanning-10-2
Changsha-20-3
Beijing102
Guiyang-20-3

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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4. Chinese domestic steel billet price movement on July 29 - 30 Jul, 2014Top
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Billets
150*150
Q235
LocationIn CNYIn USD
Henan102

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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5. Chinese domestic steel beam price scenario on July 29 - 30 Jul, 2014Top
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Beam
#25
LocationIn CNYIn USD
Xian-20-3

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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6. Chinese domestic HR steel prices as on July 29 - 30 Jul, 2014Top
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HRC
5.75mm
Common
LocationIn CNYIn USD
Chongqing-20-3
Urumchi102

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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7. Chinese domestic steel plate price movement on July 29 - 30 Jul, 2014Top
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Plates
20mm
Common
LocationIn CNYIn USD
Shanghai102
Guangzhou-10-2
Nanning-10-2
Beijing-10-2
Tianjin-10-2
Shijiazhuang-10-2
Harbin-10-2

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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8. Chinese domestic narrow HR strip price remain flat on July 29 - 30 Jul, 2014Top
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HR Strip
235*2.75
LocationIn CNYIn USD
Chongqing-20-3
Chengdu-30-5

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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9. Chinese domestic CR steel price update on July 29 - 30 Jul, 2014Top
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CR
1mm
LocationIn CNYIn USD
Shanghai102
Wuhan203

Change is on 29th July 2014 as compared to 28th July 2014
Change is per tonne
USD:CNY = 6.298

To know exact prevailing steel prices in China on daily basis, subscribe to services of SteelHome by sending a mail to admin@steelprices-china.com

Sourced - Steel Prices China, Steel Guru

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10. Iran steel market trend in week 30th - Flat products - 30 Jul, 2014Top
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Hot rolled coil 2 mm thickness experienced some rise in price mainly due to higher ex rate in exchange room by Central bank. Import level has not changed compared to previous months but sellers have tried to increase prices by USD 10 to USD 15 per MT which may not continue as summer holidays in Europe has begun. Many market participants expect prices drop again.

HRC 2.5 mm to 10 mm thickness from domestic producer Mobarakeh Steel Company was stable in price mainly due to low supply level as demand is low.

HRP price improved a little especially for size 12 mm as market inventory is so much limited. There are some rumors that supply level will increase after Eid al Fitr holidays in August. Price of HRP thickness 15 mm or higher was unchanged.

In CRC market supply level of Kazakh origin products increased and all thicknesses higher than 0.60 mm are available in the market. Demand level is yet limited but higher ex-rate in exchange room helped prices staying stable.

In HDG market demand level improved and helped prices increase by up to IRR 300,000 per MT.

Source - Irsteel.com

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11. Indian steel price index on July 29 - 30 Jul, 2014Top
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The Indian Long Product Price Index ILPPI has inclined by 2 points. whereas Indian Flat Product price index IFPPI has remained stable. The overall Indian Steel Price Index INDSPI has went up by 1 point.

Class28/Jul29/JulChange%
ILPPI9050905220.0%
IFPPI9103910300.0%
INDSPI9077907810.0%

ILPPI – Long Product Price Index
IFPPI – Flat Product Price Index
INDSPI – Indian Steel Price Index

Long Products
Category28/Jul29/JulChange%
PI - TMT9053905960.1%
PI - WRC9278927800.0%
PI - Angle8636863600.0%
PI - Channel8709870900.0%
PI - Joist7962796200.0%

PI – Product Index

Flat Products
Category28/Jul29/JulChange%
PI - Narrow Plates8538853800.0%
PI - Wide Plates8890889000.0%
PI - Hot Rolled8595859500.0%
PI - Cold Rolled9877987700.0%
PI - Galvanized9802980200.0%

PI – Product Index

These indices have base of 10,000 as on July 29st 2008

To know more about these indices please visit
http://steelprices-india.com/spi_services/spi.html

You can also get ILPPI, IFPPI and INDSPI as SMS alert on mobile by submitting your details at http://steelprices-india.com/smsalert

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Price India, Steel Guru

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12. Steel melting scrap price on July 29 - 30 Jul, 2014Top
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Melting scrap
80:20
HMS
LocationChange
Ludhiana356
Mandi100

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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13. Sponge iron price on July 29 - 30 Jul, 2014Top
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Sponge iron
LocationChange
Kolkata100
Rourkela100

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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14. Pencil ingot price movement in major places on July 29 - 30 Jul, 2014Top
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Pencil ingot
LocationChange
Alang-100
Ghaziabad-200
Hyderabad-100
Jaipur200
Jamshedpur-250
Ludhiana89
Mandi250
Muzaffarnagar-250
Raigarh150
Raipur100
Rourkela50

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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15. Rebar TMT QST price movement in India on July 29 - 30 Jul, 2014Top
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TMT
Fe 500
12mm
LocationChange
Indore-500
Mandi353
Raipur-118

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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16. Steel angle prices on July 29 - 30 Jul, 2014Top
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ANGL
GR A
65X6
LocationChange
Indore-300
Ludhiana-206

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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17. Steel light channel prices on July 29 - 30 Jul, 2014Top
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CHNL
GR A
75/100
LocationChange
Indore-300

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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18. Steel joist I Beam prices scenario in major places on July 29 - 30 Jul, 2014Top
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JSTI
GR A
250X125
LocationChange
Indore-300

Change is on 29th July 2014 as compared to 28th July 2014
Change is in INR per tonne

To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to admin@steelprices-india.com with contact details Kindly note that this is a paid service.

Source - Steel Prices India, Steel Guru

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19. EUROFER updates on steel exports form EU - 30 Jul, 2014Top
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Highlights;
1. Q1’14 exports fell 2.6% YoY
2. Slight rise in April export tonnages
3. EU remains net exporter of steel products over 4 M 2014
4. Modest rise in exports foreseen for 2014 to 2015 in line with rising global steel demand

Final customs data on total steel exports from the EU to third countries for Q1 2014 show total exports falling 2.6% YoY.

Underlying data show that semis exports fell some 10%, flat products exports stabilised around the year earlier level whereas long product exports decreased by approximately 3.5% YoY.

Trade data for April signal a slight rise in total exports of 5.6% YoY while exports of semis and flat products were up on April 2013 export tonnages, long product exports stabilised at just below the corresponding level of last year.

Over the first four months of 2014, the EU remained a net exporter, with net trade in total steel averaging some 168,000 tonnes per month. The underlying product level data show that the EU was a net importer of semis and flat products and remained a net exporter of long products.

Rebar, wire rod and beams remained the most exported long steel products. As far as the key destinations for EU exports of long products are concerned, Algeria remained the main outlet for EU long product exports.

The outlook for 2014 and 2015 is for a slight rise in third country exports in the assumption of global steel demand strengthening modestly on a par with the global economic and steel market fundamentals.

SunCoke Energy Partners, L.P. Announces Q2 2014 Earnings Net income attributable to SXCP in Q2 2014 of USD 1.2 million, includes USD 18.9 million of expense incurred in connection with the acquisition of an additional 33% interest in our Haverhill and Middletown cokemaking facilities;

Adjusted EBITDA of USD 36.6 million in Q2 2014 was down slightly reflecting the impact of lower yields and higher costs, partly offset by the contribution of our new Coal Logistics business.

The portion attributable to SXCP was USD 30.8 million, up USD 7.1 million versus prior year primarily due to our increased ownership interest the Haverhill and Middletown cokemaking facilities Increased the quarterly cash distribution rate 3% to USD 0.5150 per unit for the August 29, 2014 payment;

Closed on acquisition of an additional 33 percent interest in the Haverhill and Middletown cokemaking facilities on May 9, 2014

Updated 2014 Adjusted EBITDA attributable to SXCP and distributable cash flow outlooks are now $126 million to $132 million and $83 million to $89 million, respectively

Source - Strategic Research Institute, Steel Guru

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20. AK Steel announces financial results for Q2 of 2014 - 30 Jul, 2014Top
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AK Steel announced its financial results for the Q2 of 2014.

2nd Quarter 2014 Performance Summary;
1. Shipments of 1,397,500 tonnes
2. Sales of USD 1.53 billion with an average selling price of USD 1,095 per tonne
3. Net after tax loss of USD 17.1 million, or USD 0.13 per diluted share
4. Adjusted net income of USD 2.9 million, or USD 0.02 per diluted share
5. Adjusted EBITDA of USD 64.5 million
6. Ended Q2 with solid liquidity of USD 539 million.

AK Steel reported a net loss of USD 17.1 million, or USD 0.13 per diluted share of common stock, for the Q2 of 2014, compared to a net loss of USD 40.4 million, or USD 0.30 per diluted share, for the Q2 of 2013 and net loss of USD 86.1 million, or USD 0.63 per diluted share, for the Q1 of 2014.

Excluding the unrealized mark to market loss on commodity derivatives discussed below, the company reported adjusted net income of USD 2.9 million, or USD 0.02 per diluted share. The company reported adjusted EBITDA (as defined in the Non GAAP Financial Measures section below) of USD 64.5 million, or USD 46 per tonne, for the second quarter of 2014 compared to adjusted EBITDA of USD 47.5 million, or USD 36 per ton, for the year ago Q2 and an adjusted EBITDA loss of USD 2.8 million, or USD 2 per tonne for the Q1 of 2014.

Net sales for the Q2 of 2014 were USD 1.53 billion on shipments of 1,397,500 tonnes, compared to net sales of USD 1.40 billion on shipments of 1,323,700 tonnes for the year ago Q2 and net sales of USD 1.38 billion on shipments of 1,262,100 tonnes for the Q1 of 2014. The increase in shipments in the Q2 of 2014 compared to the Q1 of 2014 was primarily a result of the recovery from the planned and unplanned outages at the Ashland Works blast furnace in the first quarter, partially offset by the effects of the extreme winter weather conditions which reduced the availability of iron ore pellets.

Its average selling price for the Q2 of 2014 was USD 1,095 per tonne essentially flat with the Q1 of 2014. Improved selling prices in the Q2 for many of the company’s products were offset by a change in mix, as more shipments of lower value added products were made to the carbon spot market. Its average selling price for the Q2 of 2014 increased 3% from the Q2 of 2013, primarily as a result of higher spot market prices for carbon steel products.

Costs of products sold increased in the Q2 of 2014 due to the continued adverse effects of the extreme cold weather conditions the company experienced in the first quarter. Those conditions resulted in an extraordinarily high level of ice coverage on the Great Lakes, which delayed the start of the 2014 shipping season on the Great Lakes and slowed the movement of iron ore.

As a result, the available supply of iron ore to the steel industry in the second quarter was less than had been anticipated and the company was forced to reduce the production rate at its blast furnaces to match production levels to the available supply of iron ore. The company also experienced higher transportation costs for the iron ore pellets it received in the Q2. The company incurred additional costs for these issues in the Q2 of 2014 of approximately USD 15.0 million, or USD 0.11 per diluted share.

Six Month Results;
For the first six months of 2014, the company reported a net loss of USD 103.2 million, or USD 0.76 per diluted share. For the corresponding six months of 2013, a net loss of USD 50.3 million, or USD 0.37 per diluted share. Sales for the first six months of 2014 were USD 2.91 billion compared to sales of USD 2.77 billion in the first half of 2013. Shipments for the H1 of 2014 were 2,659,600 tons compared to 2,613,500 tonnes in the H1 of 2013.

Extreme winter weather conditions in early 2014 resulted in extra costs of approximately USD 45.0 million for the first six months of 2014. Energy costs were higher in the first quarter of 2014, primarily for electricity and natural gas. The extreme winter weather conditions also affected the delivery of iron ore pellets in the second quarter of 2014 with the company incurring additional costs for transportation and operations. The first six months of 2014 also included USD 23.4 million in mark to market losses on derivatives (discussed below) and a USD 5.8 million charge relating to a tentative settlement of certain class action antitrust claims.

An incident at the company’s Ashland Works blast furnace in February 2014 resulted in unplanned outage costs of approximately USD 18.0 million in the first six months of 2014. In June 2013, an incident at the company’s Middletown Works blast furnace resulted in unplanned outage costs of approximately USD 6.2 million in the first six months of 2013.

Mr James L Wainscott chairman, President and CEO of AK Steel said that “We experienced meaningful improvements in virtually every aspect of our business in the Q2 as compared to the Q1 of 2014. Despite facing some significant challenges in the second quarter, on an adjusted basis, we earned net income and we are well-positioned for a much better Q3 and H2 of 2014.”

Source - Strategic Research Institute, Steel Guru

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21. Updates on weekly raw steel production in USA - 30 Jul, 2014Top
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In the week ending July 26th 2014, domestic raw steel production was 1,920,000 net tonnes while the capability utilization rate was 79.8%. Production was 1,852,000 net tonnes in the week ending July 26th 2013, while the capability utilization then was 77.3%.

The current week production represents a 3.7% increase from the same period in the previous year. Production for the week ending July 26th 2014 is up 1.4% from the previous week ending July 19th 2014 when production was 1,893,000 net tonnes and the rate of capability utilization was 78.7%.

Adjusted year to date production through July 26th 2014 was 54,547 net tonnes, at a capability utilization rate of 76.8%. That is up 0.3% from the 54,386 net tonnes during the same period last year, when the capability utilization rate was 76.8%.

Broken down by districts, here's production for the week ending July 26th 2014 in thousands of net tons: North East: 236; Great Lakes: 675; Midwest: 239; Southern: 681 and Western: 89 for a total of 1,920.

The Raw Steel production tonnage provided in this report is estimated. The figures are compiled from weekly production tonnage provided from 50 percent of the domestic producers combined with monthly production data for the remainder. Therefore, this report should be used primarily to assess production trends. The AISI production report AIS 7 published monthly and available by subscription, provides a more detailed summary of steel production based on data supplied by companies representing over three quarters of US production capacity.

Source - Strategic Research Institute, Steel Guru

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European rebar market improves

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It is reported that the European rebar performed well. Although the transaction price remains unchanged, the rebar tends to go up soon because of the soaring prices of Turkish and European scrap.

However, due to the current slack demand, the European scrap is estimated to fulfill the price lift in end of August or even in September. German mills have not announced to lift rebar price while some French and Spanish mills have decided to lift the rebar price by EUR 20 per tonne.

Moreover, some buyers thought the price tends to go up, while it would probably increase by just EUR 5 per tonne to EUR 10 per tonne. Thus, buyers are holding an attitude to wait and see while only buy the resources in need.

Source - www.yieh.com)

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Round_corner2
Price Index - MEA
  May-08 May-01
MLPPI 4684 4684 Same
MFPPI 4968 4968 Same
MEASPI 4770 4770 Same
Currency Rates
30 Jul, 2014
USD 1.0000
AUD 1.0658
BRL 2.2302
CAD 1.0855
CNY 6.1791
EUR 0.7458
GBP 0.5901
INR 60.1886
JPY 102.1032
RUB 35.7974
ZAR 10.6044
Source: http://www.xe.com
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