June 2019

Latin America’s crude steel output down 1.4% in May, Alacero says

Latin American crude steel production reached 5.18 million tonnes in May, falling by 1.40% from 5.25 million tonnes a year before, regional association Alacero said on Thursday June 27.

US cold-rolled, coated steel prices steady after mill increases

Prices for cold-rolled coil and coated steel in the United States stabilized in the week to Thursday June 27, after a slew of mill price increases were announced earlier the week.

US structural tubing price widens lower; market eyes bottom

Prices for domestically produced structural tubing in the United States weakened for a ninth straight week after hot-rolled coil substrate costs descended to their lowest point in two-and-a-half years.

EUROPE STAINLESS STEEL: Prices unchanged but decreases expected on lower surcharges

European stainless steel prices were unchanged this week but decreases are expected because of lower monthly alloy surcharges for July, sources told Fastmarkets on Friday.

WEEKLY SCRAP WRAP: Turkish prices rebound, other markets to follow

Global ferrous scrap prices ended the downtrend during the working week from Monday June 24 to Friday June 28, with Turkish mills returning to the market for August shipment deep-sea cargoes, bringing a positive sentiment to the market.

UK SCRAP: Light iron market stable ahead of July settlement talks

The UK light iron inter-merchant spot market has been relatively stable amid some widening in price assessments while suppliers and consumers jockey for position in their estimates for the outcome of July monthly settlement talks due to start next week, sources told Fastmarkets on Friday June 28.

EUROPE ALLOY STEEL SCRAP: Weak demand counters higher nickel prices, keeps prices uncharged

For the second week running, European austenitic alloy steel scrap prices were largely unchanged when the effects of higher nickel prices were cancelled out by very low demand, sources told Fastmarkets on Friday June 28.

CIS STEEL BILLET: Mills raise offer prices, but customers resist

Steel billet producers in the Commonwealth of Independent States (CIS) increased export offers over the week to June 28 on reduced availability of July-rolling volumes in the market as well as improved sentiment in the raw materials segment, particularly scrap.

TURKEY COATED FLAT STEEL: Prices decrease, demand weak

Coated flat steel prices in Turkey decreased over the week ended on Friday June 28, with demand reportedly weak in both the local and export markets.

INDIA IMPORT SCRAP: Prices continue decline but market optimistic of a recovery

The price of shredded ferrous scrap imported into India decreased for the fifth consecutive week, however many market participants were optimistic that prices had reached their lowest and a recovery was imminent, sources told Fastmarkets on Friday June 28.