May 2020

IN CASE YOU MISSED IT: 5 key stories from May 27

Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.

Iranian export billet, slab prices surge in fresh sales

The Iranian export billet and slab market gained further ground in late May, supported by fresh bookings at higher price levels.

US hot-rolled coil index steady; market uneasy on muted demand

Hot-rolled coil prices in the United States stayed mostly flat while market participants questioned the sticking power of a second wave of price increases by domestic flat steel mills.

US OCTG, line pipe prices slip; demand at standstill

Prices for oil country tubular goods (OCTG) and electric-resistance welded (ERW) line pipe mostly moved lower in the United States in May, due to stalled demand in the oil and gas market.

EUROPE SECTIONS: Prices continue to slip as quota renewal approaches

Prices for hollow steel sections in Europe slipped further this week with lower import prices adding pressure to the weak domestic market, sources told Fastmarkets on Wednesday May 27.

TITANIUM SNAPSHOT: Alloy market eases, but seen recovering

Key data from Fastmarkets’ pricing session in Europe on Wednesday May 27.

Turkey uses WTO to threaten EU with tit-for-tat import duties on steel products

Turkey has told the World Trade Organization (WTO) that it is planning to impose import duties on certain steel products from the European Union.

EUROPE REBAR: Prices sink deeper in Italy, stable in the north

Domestic prices for steel rebar in the south of Europe declined week over week on slow buying and oversupply, while in the north of the region prices were largely unchanged, sources told Fastmarkets on Wednesday May 27.

EUROPE HRC: Domestic steelmakers to raise offers despite scarce demand

European steelmakers will attempt to increase domestic prices for hot-rolled coil despite poor demand, sources told Fastmarkets on Wednesday May 27.

DAILY SCRAP REPORT: Market stays quiet after holiday lockdown

The Turkish deep-sea scrap import market was quiet on Wednesday May 27, with market participants returning after a four-day lockdown, sources told Fastmarkets.