March 2019

US structural tubing prices slip further, defying mill increases

Prices for domestically produced structural tubing in the United States weakened for the second straight week, convincing market participants that the most recent round of mill price hikes won't succeed unless substrate costs rise from current levels.

US cold-rolled coil price rises, coated steel price holds steady

The price for cold-rolled coil firmed up in the United States over the past past week due to steady demand, while the base and all-in prices for coated steel were steady compared with the previous week, market participants said.

US import beam price springs up, domestic price stays flat

The prices for US imports of steel beams has risen on confirmed sales of Mexican material while the price for domestic beams remained stable, Fastmarkets AMM has learned.

ArcelorMittal Kryvyi Rih cold testing new continuous casting machines

Ukraine’s largest long steel producer, ArcelorMittal Kryvyi Rih, is currently holding cold tests of its two new continuous casting machines - also known as CCM No2 and CCM No3 - which have combined annual capacity of 2.8 million tonnes, the company told Fastmarkets on Friday March 29.

WEEKLY SCRAP WRAP: US bucks trend as most global prices fall

Global scrap prices mostly fell in the week from Monday March 25 to Friday March 29, with only prices for exports from the United States rising on steady demand from the key import market of Turkey.

Brazilian export pig iron price rises as mills sell out

The export price for pig iron from Brazil has improved because of the long lead times for the material, Fastmarkets learnt during the week ended Friday March 29.

EUROPE ALLOY STEEL SCRAP: Chrome steel prices rise on higher ferro-chrome benchmark

Chrome steel prices in the UK edged higher in the week ended Friday March 29 on an increase in the quarterly European ferro-chrome benchmark price, Fastmarkets has learnt.

EUROPE STAINLESS STEEL: Transaction prices up as mills apply higher alloy surcharges

Stainless steel transaction prices in Europe increased in the week ended Friday March 29 while mills continued to incrementally apply higher alloy surcharges to their sales prices.

CIS STEEL BILLET: Market weakens as customers push harder for lower prices

CIS billet prices started to decline in the last week of March, with the market under pressure from lower customers’ bids, falling scrap prices in Turkey, and growing competition from Turkish billet suppliers because of the lira weakening against the US dollar.

Brazilian slab export prices stable as buyers resist higher offers

Export prices for steel slab products of Brazilian origin remained unchanged in the week ended Friday March 29, on a flat steel market in the United States and weak demand in Europe.