February 2020

INDIA IMPORT SCRAP: Market subdued on virus fears and freight rises

The price of ferrous scrap imported into India was broadly stable in a lackluster market this week, due to ongoing global fears over the spread of the novel coronavirus (2019-nCoV) and the linked rise in container freight rates, sources told Fastmarkets on Friday February 28.

EUROPE STAINLESS STEEL: Prices stable but falls likely on lower March surcharges

The price of stainless steel in the European domestic market was unchanged in the week ended Friday February 28, but decreases were expected from next week following mills’ recent announcement of lower monthly alloy surcharges.

GLOBAL MANGANESE SNAPSHOT: High stocks, low smelter demand dampens China’s seaborne ore market

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 28.

CIS STEEL BILLET: Trading quiet as market waits for clarity

Trading activity in the Commonwealth of Independent States export billet market was limited in the week to Friday February 28, as most market participants took a wait-and-see position to assess the situation in the global market.

Indian mills to raise domestic HRC prices by $10-14 per tonne for March sales

Indian mills are expected to raise domestic hot-rolled coil prices by about 750-1,000 rupees ($10-14) per tonne for March sales, citing rising demand and higher export prices.

UK SCRAP: Light iron price steady for third straight week

The inter-merchant spot market for light iron scrap in the UK was flat in the week ended Friday February 28, extending a period of price stability this month against a recovery in European export prices and with major British shredders seeking steady supplies, sources have told Fastmarkets.

DAILY SCRAP REPORT: Turkish mills stay out of deep-sea scrap market at end of week

Turkish steel producers remained out of the deep-sea scrap import market at the end of the week to avoid a further increase in prices, while escalated tension in Syria hit trade in the country, sources said on Friday February 28.

Brazilian slab export prices up on better deals

Brazilian slab export prices increased during the week to Friday February 28, with recent deals concluded at higher levels and a seasonal pick-up in the market.

EUROPE ALLOY STEEL SURCHARGES: March values down on lower nickel costs

Monthly European alloy steel surcharges for March are down in response to lower nickel costs, sources told Fastmarkets on Friday February 28.

EUROPE HRC: Prices rise on lack of import competition, good order books

Domestic prices for hot-rolled coil in Europe increased slightly day on day on Friday February 28, buoyed by positive sentiment in the market, sources told Fastmarkets.