August 2020

US stainless cold-rolled sheet prices inch up; buyers wait

Stainless steel cold-rolled sheet prices in the United States mostly moved in line with surcharges in August, with some buyers remaining on the sidelines until demand improves.

EUROPE STAINLESS STEEL: Prices stable despite higher surcharges

European stainless steel prices have remained stable over the past week due to the seasonal demand slowdown, sources told Fastmarkets on Friday August 7.

AT A GLANCE: Outokumpu shows loss in Q2, expects challenging quarter ahead

A summary of stainless steel producer Outokumpu’s results for the second quarter of 2020.

More closures, layoffs sting metals in US, WARN notices show [CORRECTED]

A roundup of layoff announcements contained in Worker Adjustment and Retraining Notice (WARN) Act letters filed to state labor agencies in the United States thus far this summer, including at least six full plant closures, indexed by sector:

Downstream growth in China boosts stainless steel prices

China’s domestic and export prices for stainless steel increased sharply over the past week after the country’s National Bureau of Statistics (NBS) releasing positive data for downstream sectors.

IN CASE YOU MISSED IT: 5 key stories from August 5

Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look.

AT A GLANCE: Gerdau Q2 sales down in all regions due to Covid-19

A summary of Brazilian steelmaker Gerdau’s financial results in the second quarter of 2020, as stated in its earnings report on Wednesday August 5.

Wieland enters US tinplate market with buy of Marjin, Nasco

German copper alloy maker Wieland Group has expanded into hot tin plating in the United States via the acquisition of metal fabricators Marjin Inc and Nasco Inc, the company announced on Tuesday August 4.

RESEARCH: Key takeaways from the latest Stainless Steels market tracker

The latest forecast from Fastmarkets’ team of analysts is ready to view.

TRADE CASE MONITOR: Around the world's steel markets in July 2020

With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in July 2020.