August 2020

US domestic beam prices flat, import market falls

Prices for domestic steel beams in the United States were flat on Thursday August 27, while prices for imported products fell for a second month in a row on weakening demand, sources said.

Indian mills set to raise September HRC prices by $27-41 per tonne

Indian steel mills were likely to increase their domestic hot-rolled coil prices by about 2,000-3,000 rupees ($27-41) per tonne in September, with local demand for the commodity continuing to grow, Fastmarkets heard on Friday August 28.

Brazil pig iron export market active on new sales to China

Brazil’s pig iron export market was active during the week to Friday August 28 amid new sales to China.

EU flat steel distributor shipments down 16.5% in June

European distributors of flat steel products reported a 16.50% year-on-year drop in shipment volumes in June, regional steel industry association Eurometal said on Friday August 28.

US PIG IRON: Negotiations resume but no deals yet

Negotiations resumed in the import pig iron market in the United States during the week to Friday August 28, but no deals have yet been concluded.

STEEL SCRAP WRAP: Turkey returns to market as global markets pick up again

The key global scrap markets improved in terms of both sentiment and prices in the week to Friday August 28, after Turkey resumed its deep-sea cargo purchases following a three-week hiatus.

CIS PIG IRON: Market firm on resumed sales to China

The market for pig iron exports from the Commonwealth of Independent States was firm over the week to Thursday August 27 on resumed sales to China.

INDIA STEEL SCRAP: Market finds its feet as Turkey resumes purchases

The price of containerized ferrous scrap imports into India inched higher over the past week, following jitters in the market last week brought on by Turkey’s scrap-buying hiatus, sources told Fastmarkets on Friday August 28.

US structural tubing price up; market weighs tube mill price increases

Prices for hollow structural sections (HSS) in the United States have increased for the first time following six weeks of declines, while market participants weighed the timing and cost of recently announced price increases from tube mills.

CIS STEEL BILLET: Prices firm on scrap uptick, customers’ interest revival

Export billet prices from the Commonwealth of Independent States region strengthened week on week, supported by rising prices in the scrap segment and the revival of customer interest, particularly in North Africa.