September 2021

CHINA REBAR: Prices end week higher on tight supply, steady end-user demand

China’s domestic rebar prices ended the week high despite shedding some losses on Friday September 24 amid falling futures.

Cisa member mills' finished steel output falls 7.83% in first 20 days of September

Member mills of the China Iron & Steel Association (Cisa) cut their finished steel production rates by 7.83% in the first 20 days of September compared with late August, according to Fastmarkets' calculation based on data published by the association.

IN CASE YOU MISSED IT: 5 key stories from September 23

Here are five Fastmarkets stories you might have missed on Thursday September 23 that are worth another look.

US HRC exceeds $97/cwt for 8th time in 9 days

Hot-rolled coil prices in the United States were above $97 per hundredweight for the eighth time in the past nine business days, with market participants speculating that tight market conditions will continue during the fourth quarter when mills shutdown for maintenance.

ENERGY TRANSITION: EC official advises US to consider carbon-pricing measures

Market-based measures to help efforts to decarbonize would probably work well in the United States, according to the vice president of the European Commission.

CIS STEEL BILLET: Price corrects downward on latest Latin America sale

The price of steel billet exports from the CIS corrected downward by a few dollars per tonne on Thursday September 23 when fresh booking to Latin America came to light.

GM to double output at two Brazilian plants, continue monitoring chip shortage

General Motors will double production in two of its Brazilian plants by introducing a second work shift, despite an ongoing global semiconductor chip shortage, the United States-based company’s local branch said on Wednesday September 22.

Turkey’s Çemtas starts production at its new stabilizer line

Turkish alloy steelmaker Çemtas has started production at its new stabilizer line for supplying steel to commercial vehicle producer Man, Çemtas said on Tuesday September 21.

EUROPE HRC: Poor market expectations limit trading activity

Domestic prices for hot-rolled coil in Europe were stable to slightly lower on Thursday, while trading activity remained subdued because of bearish buyer expectations amid falling automotive demand, sources told Fastmarkets on Thursday September 23.

PRICING NOTICE: Proposal to amend publishing time of weekly India HMS assessment

Fastmarkets proposes to amend the publishing time of the weekly India HMS assessment on Friday, from 4:30pm London time to 4:00pm London time, to align better with the publishing time of the India and Pakistan ferrous scrap indices.