July 2021

IN CASE YOU MISSED IT: 5 key stories from July 29

Here are five Fastmarkets stories you might have missed on Thursday July 29 that are worth another look.

US hot-rolled coil index leapfrogs over $94/cwt

Hot-rolled coil prices in the United States have surged above $94 per hundredweight ($1,880 per short ton) for the first time, after zooming past $93 per cwt on Wednesday July 28, with market participants projecting that the rally will not come to an end until late this year at the earliest.

Vale expects higher iron ore output in H2 '21; premium to remain strong

Brazil-based miner Vale expects to increase iron ore output in the second half of the year, because of advances in its capacity resumption plan, and expects the premium for high grade iron ore to remain strong.

Thyssenkrupp sells mining business to FLSmidth for $384 mln

Industrial group Thyssenkrupp has agreed the sale of its mining business to Danish engineering company FLSmidth, the German company said on Thursday July 29.

PRICING NOTICE: Amendment to name for Japan export heavy steel scrap price

Fastmarkets has modified the name of one of its Japan steel scrap export prices to reflect the product’s usage in the market.

AT A GLANCE: ArcelorMittal's Q2 results 'best since 2008’

A summary of ArcelorMittal’s financial results for the April-June quarter of 2021, according to its financial results statement published on Thursday July 29.

AT GLANCE: Evraz steel products sales up 6%, vanadium down 3.6%

A summary of sales figures from Russian steelmaker and vanadium producer Evraz for the April-June quarter of 2021, according to the company’s trading report published on Thursday July 29.

BANGLADESH STEEL SCRAP: Containers of HMS booked at lower prices

Bangladeshi steelmakers have dipped into the market for small tonnages of containerized heavy melting scrap at slightly lower prices over the past week, market participants told Fastmarkets on Thursday July 29.

India’s Jindal Stainless plans major increase in melting capacity

Indian steelmaker Jindal Stainless (JSL) plans to add 1 million tonnes per year to its melting capacity with a major brownfield project scheduled for completion in late 2023, the company said this week.

EUROPE HRC: Domestic prices stabilize despite competitive import offers

Domestic hot-rolled coil prices in Europe held fairly firm on Thursday July 29 despite a higher number of competitive import offers, market sources told Fastmarkets.