May 2020

RESEARCH: Key takeaways from the latest Welded Linepipe and OCTG Market Tracker

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

US hot-rolled coil index still above $25/cwt; 2nd mill increase not accepted

Hot-rolled coil prices in the United States have remained above $25 per hundredweight ($500 per short ton), but sources mostly agreed that the second price increase from domestic mills has not been well received by the market.

US to continue pre-stressed concrete steel wire strand probe against 15

The United States will continue its anti-dumping and countervailing duty investigations into imports of pre-stressed concrete steel wire strand from 14 countries and the island of Taiwan, according to an announcement by the US International Trade Commission (ITC).

US galvanized sheet price up, cold-rolled coil flat after new price hikes

Prices for galvanized steel sheet rose in the United States for the first time in four weeks after the latest round of price-increase notifications from producers. Prices for cold-rolled coil held steady.

US structural tubing price flat on muted demand

The price for hollow structural sections (HSS) in the United States was flat on Thursday May 28, but market participants were optimistic for June despite muted demand during the last week of May.

US steel beam prices steady on low demand

Both domestic and imported steel beam prices in the United States were unchanged in May on persistent lower demand.

EUROPE HRC: Domestic prices fall in the north

Domestic prices for hot-rolled coil in Northern Europe went down day on day on Friday May 29 due to poor demand.

Brazilian slab export prices up on deals to Asia

Slab export prices in Brazil increased in the week to Friday May 29, with multiple deals and negotiations taking place in Asia.

EU STEELMAKER CLOSURES 29/05: ArcelorMittal to restart operation in Bosnia, Italy's Terni and AFV Beltrame reduce output

ArcelorMittal plans to restart production at its mill in Bosnia, while Italy’s AFV Beltrame puts one plant on pause and Acciai Terni Speciali cuts output in the week ended Friday May 29.

WEEKLY SCRAP WRAP: Demand in global markets up as Covid-19 restrictions ease

The Turkish steel producers resumed their deep-sea scrap purchases after the post-Ramadan holiday break with prices going up, while demand in Asia was also firm during the working week ended Friday May 29.