September 2019

Soft demand pushes US plate prices lower

Steel plate prices in the United States went down during the week to Friday September 27; market participants who spoke with Fastmarkets said they expected the declines, indicating that soft demand remains the primary driver behind falling prices.

Turkish flat steel exports up by 7.11% year on year in August

Turkey exported 381,915 tonnes of flat steel products in August 2019, according to the Turkish Statistical Institute (TUIK), up by 7.11% year on year from the 356,568 tonnes exported in August 2018.

PEOPLE MOVES: Thyssenkrupp names new CEO

German steelmaker Thyssenkrupp named Martina Merz as its new chief executive officer as of October 1, replacing Guido Kerkhoff, the supervisory board confirmed on Monday September 30.

GLOBAL MANGANESE WRAP: Ore prices fall further amid weak demand, alloy prices soften in Europe, China

Manganese ore producers reduced their offer prices to attract business in the week ended Friday September 27 after buyers either delayed or cut their bids prior to China’s week-long National Day holiday (October 1-7).

CIS STEEL SLAB: Latest deals, offers push prices further downward

CIS export billet prices continued to fall at the end of September amid the continuing downtrend in the global steel markets, particularly the finished flat steel segment, both domestically and in the major customer outlets, due to the slowdown in trading activity.

DAILY SCRAP REPORT: Prices stable as mills book more cargoes for November

Turkish steel producers have continued to book deep-sea scrap for November shipments at the beginning of this week, with prices fairly stable, sources said on Monday September 30.

CISA 2019: Market mildly optimistic on iron ore demand after China’s National Day holiday

Delegates at the 19th China Steel and Raw Materials conference organized by China Iron and Steel Association (CISA) were cautiously optimistic about demand for iron ore and steel prices after the week-long holiday in the country, starting October 1.

TURKEY FERROUS SCRAP: Auto bundle scrap prices down on cheaper import costs

Turkish domestic auto bundle scrap prices have gone down over the past week amid further softening of imported scrap values, but ship scrap prices were largely stable, sources said on Monday September 30.

Egyptian rebar producers reduce prices

Some key Egyptian rebar producers reduced their offer prices on Monday, September 30.

Flat steel import prices down in South America on global weakness

Import prices for flat-rolled steel in South America continued to fall last week, following a persistent global downtrend and amid weak demand in the region.