September 2020

CHINA REBAR: Prices rise in eastern region on pre-holiday demand

Eastern China’s rebar prices increased slightly on Wednesday September 30 on stronger demand to end the short working week 20-40 yuan per tonne higher than last Friday.

South America supporting China’s plate exports

South America remained the biggest buyer of Chinese plate in the past week amid a falling market, sources told Fastmarkets.

China's CRC, HDG export prices stabilize ahead of Golden Week

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil stabilized in the week to Tuesday September 29 ahead of China’s Golden Week holiday over October 1-8.

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

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

Mexican ferrous scrap prices stable amid fears that peak has been reached

Scrap prices in Mexico were unchanged in the week to Friday September 25 and market participants fear prices may have reached a peak after a series of successive increases.

EUROPE HRC: Buyers hold back from new deals, resist further price rises

European buyers of hot-rolled coil have been holding back from making deals because they are unwilling to accept further price rises, sources told Fastmarkets on Tuesday September 29.

PEOPLE MOVES: Outokumpu announces new leadership team; new strategy to come

Stainless steel producer Outokumpu has made changes to its leadership team that will take effect on October 1, with a new company strategy to be announced the following month, the company announced on Tuesday September 29.

FOCUS: Chinese autumn-winter production restriction to reopen billet import window - sources

Autumn-winter steel production restriction plans in northern China will start on October 1 and last until March 31, 2021, according to a draft plan on air pollution control released by the Ministry of Ecology & Environment (MEE) late on Tuesday September 29.

GULF FLAT STEEL IMPORTS: Prices down on softening demand, China holiday

Flat steel import prices in the United Arab Emirates and Saudi Arabia have decreased over the past seven days with demand being weak, sources told Fastmarkets on Tuesday September 29.

DAILY STEEL SCRAP: Mills continue to snub deep-sea market

Turkish steel producers continued to stay away from the deep-sea scrap market on the second working day of the week, in anticipation of a downturn in prices, sources told Fastmarkets on Tuesday September 29.