November 2020

EUROPE HDG: Shortage, solid demand, rising feedstock costs drive domestic prices up

Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday November 25, due to a combination of low availability, good demand and higher feedstock prices, sources told Fastmarkets during the week.

CIS STEEL BILLET: Turkey accepts higher price in new bookings

Turkey was the only market accepting higher export steel billet offers from the Commonwealth of Independent States, while trading activity at other destinations remained quiet in the week to Thursday November 26 due to a difference between mills’ offers and customers’ bids.

TURKEY STEEL BILLET: Prices up on costlier scrap and firm demand

Turkish steel billet prices have increased sharply over the past week and pushed even higher on Thursday November 26, due to strong demand and rising imported scrap costs, sources told Fastmarkets.

EUROPE HRC: Domestic prices climb in the north on tight supply

Domestic prices for hot-rolled coil in Northern Europe increased again day on day on Thursday November 26, due to a materials shortage, sources have told Fastmarkets.

DAILY STEEL SCRAP: Prices up again as mills book more deep-sea cargoes

The Turkish steelmakers have continued to make deep-sea scrap purchases at rising prices thanks to firm demand in the country’s export markets for finished steel products, sources said on Thursday November 26.

TURKEY LONG STEEL: Mills raise offers amid climbing input costs

Turkish domestic long steel prices have continued to increase over the week to Thursday November 26 on the back of rising imported scrap costs.

British Steel plans production increase for Skinningrove site

British Steel has revealed its intentions to increase capacity at its Skinningrove special steel profiles plant in the UK amid improving end-user demand, the company said on Thursday November 26.

EGYPT STEEL BILLET, REBAR: Billet import prices up, but demand weak

Steel billet import prices have increased in Egypt over the week ending Thursday November 26, but demand was weak, sources have told Fastmarkets.

TURKEY LONG STEEL EXPORTS: Strong demand, higher scrap costs boost prices

Turkish rebar and wire rod export prices went up sharply over the past week in line with strong demand and increasing scrap costs, sources said on Thursday November 26.

RESEARCH: Key takeaways from Coaltrans Asia; what to expect for scrap, metallics demand in China

The latest forecasts from Fastmarkets’ team of analysts are ready to view.