May 2019

US cold-rolled, coated steel prices log third weekly fall

Cold-rolled coil and coated sheet prices in the United States fell for a third week in a row, with soft demand and bearish sentiment remaining pervasive across the flat-rolled steel markets.

US domestic beam prices lower; market remains stagnant

Beam prices in the United States have retreated in the wake of a round of mill price cuts announced in late April, while market sentiment remains weak overall for much of the country, according to sources.

US structural tubing prices slide again; hurt by coil, slow buying

Prices for domestically produced structural tubing in the United States dropped for the fifth consecutive week after substrate prices tumbled and distributors were confident they could procure inventory later at a lower cost.

US PIG IRON: Prices fall as weak HRC market reduces demand

The workable price for pig iron in the United States fell in the week to Friday May 31, mainly due to reduced demand for hot-rolled coil, sources told Fastmarkets.

Flat steel import prices fall in South America on Chinese downtrend

South American import prices for flat-rolled steel have gone down over the past week, following downturn in China and amid sluggish demand in the region, market sources said on Friday May 31.

Vale expects 'no major consequence' from slope slippage at Gongo Soco mine

Brazil-based miner Vale said fragments of the northern slope of the Gongo Soco mine pit slipped early on Friday May 31 but did not have any adverse effects on the nearby Sul Superior dam.

WEEKLY SCRAP WRAP: Global prices mixed on varied demand dynamics

Global ferrous scrap prices showed different dynamics during the working week ended Friday May 31, with Turkish import prices declining on limited buying activity and Asian import prices rising or holding their ground on steady demand.

TRADE CASE MONITOR: Around the world's steel markets in May 2019

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in May 2019.

EUROPE ALLOY STEEL SCRAP: Prices stable but falls expected on low demand

Alloy steel scrap prices in the UK and Europe were stable this week but decreases were expected next month because of diminishing demand, sources told Fastmarkets on Friday May 31.

NOBLE ALLOYS MARKET REPORT 31/05: Europe APT prices surrender to weak buying, cheap offers from China

An overview of the noble alloys markets and the reasons for any price moves.