June 2020

AT A GLANCE: Tata Steel Q4 results improve but FY sharply down

A summary of Tata Steel’s financial results for the January-March quarter and full 12 months of its financial year ended March 31, 2020.

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

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

US merchant bar quality steel prices flat; demand said rising

Prices for domestic and imported merchant bar quality (MBQ) steel in the United States again remained flat this month while market participants reported that demand was rising, although only modestly in some locations.

US plate price slips; mills eager to entice tons

Prices for steel plate in the United States weakened for the first time since early May after mills grew slightly more flexible on post-hike pricing in an effort to book enough orders to find destinations for the current pace of rollings.

US hot-rolled coil index retreats below $24/cwt

Hot-rolled coil prices in the United States have slipped below $24 per hundredweight ($480 per short ton) on stagnant demand and high inventory levels.

US ITC maintains pipe and tube duties on 4 nations

The US International Trade Commission (ITC) has decided to keep anti-dumping and countervailing duties against imports of light-walled rectangular pipe and tube from China, South Korea, Mexico and Turkey.

HOTTER ON METALS: Mining’s bad reputation

The mining industry does a huge amount of good for local communities, to say nothing of its essential contribution to society through the materials it produces. Unfortunately, it all too often manages to give itself a bad name, worsening negative perceptions of the sector through accidents, spills and a failure to act as a steward of the environments in which it operates.

RUSSIA REBAR: Domestic prices up on demand-supply imbalance

Domestic steel rebar prices in Russia’s Central Federal District around Moscow increased over the past week, supported by demand exceeding supply, sources told Fastmarkets on Monday June 29.

EUROPE HRC WRAP: European producers push offers up

European producers of hot-rolled coil have increased their offer prices despite low trading activity in the week ended Friday June 26.

FOCUS: European Mn alloy prices fall 7%, with 'more weakness ahead'

European spot prices for high-carbon ferro-manganese and silico-manganese have fallen by more than 7% in the past week, in line with soft demand and persistently lower ore prices, sources told Fastmarkets on Monday June 29.