[Ferro-Alloys.com] Sao Paulo — Brazilian steelmakers Gerdau and CSN attribute their long steel price hikes in the first half of 2018 to higher raw material and domestic freight costs, adding further increases are possible in the second half of the year.

[Ferro-Alloys.com] Sao Paulo — Brazilian integrated steelmaker CSN shipped 1.32 million mt of steel products in the second quarter of 2018, up 13% from 1.17 million mt in Q2 2017, according to results released Wednesday.

[Ferro-Alloys.com] New York — The petroleum futures complex tumbled Wednesday on concerns that new tariffs imposed by the US and China on each other would slow economic growth, and on refined product inventory builds in the US.

[Ferro-Alloys.com] Sydney — The Commonwealth Bank of Australia has raised its fiscal 2018-2019 iron ore price forecast for 62% Fe iron ore fines, on views that demand for mid-grade iron ore will increase as high-grade premium proves too costly, it said Tuesda...

[Ferro-Alloys.com] Sydney — Australian miner Mineral Resources said Tuesday its shipments of iron ore fell 24% year on year to 2.22 million wet mt in the April-June quarter following the cessation of mining at a Yilgarn project.

[Ferro-Alloys.com] US hot-rolled coil prices continued to rise Friday and are now at a high not seen since October 2008.

[Ferro-Alloys.com] Steel to raw materials spreads in China and the US continued to rise in May, after increases over the past three months. New record highs were seen, as spreads surpassed a peak last year in indicative margins.

[Ferro-Alloys.com]Japan's steel exports fell 5.5% year on year to 2.84 million mt in April, making the fifteenth consecutive month of year-on year-decline and hitting a nine-month low, Japan Iron & Steel Federation data released Thursday showed.