October 2020

US domestic, import beams prices flat; demand edges higher

Prices for domestic steel beams in the United States were flat on Thursday October 29 despite modestly rising demand, while prices for offshore material also held steady amid continuing weak import volumes, market participants said.

US structural tubing price spikes on tight supply, mill hikes

The price for hollow structural sections (HSS) in the United States has climbed to a 17-month high amid tight supply, rising substrate costs and a series of price increases, sources told Fastmarkets, noting that they expect mills to announce more price hikes shortly.

US domestic galvanized sheet prices converge

Prices for galvanized steel sheet in the United States have strengthened, with hot-dipped galvanized made from hot-rolled coil base now equal to HDG made from cold-rolled coil.

US hot-rolled coil index steady, finishes week above $34/cwt

Hot-rolled coil prices in the United States ended the week to Friday October 30 above $34 per hundredweight ($680 per short ton), holding mostly flat after weeks of steady increases.

Brazilian slab export prices stable; demand remains strong

Steel slab export prices from Brazil were unchanged in the week ended Friday October 30, but demand remained strong amid a steady performance by the flat steel markets.

Little change in South America's flat steel import prices despite upward pressure

Import prices for flat steel in South America showed few changes in the week ended Friday October 30, with buyers getting slightly higher offers from China amid strong demand for material in most of the region’s markets.

GLOBAL FERRO-SILICON SNAPSHOT: EU market driven by tighter supplies

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 30.

TURKEY LONG STEEL EXPORTS: Prices strengthen on busy trading, limited supply

Turkish export rebar and wire rod prices continued to rise in the last week of October amid lively trading activity and limited availability, sources told Fastmarkets on Friday October 30.

TURKEY LONG STEEL: Rebar price keeps climbing despite lack of demand

Turkish domestic rebar prices continued to rise in the last week of October amid a continuing loss in the value of the country’s lira against the US dollar, as well as an uptrend seen in recent import scrap bookings.

STEEL SCRAP WRAP: Global markets remain firm on solid booking activity

Global steel scrap prices have risen or remained firm over the week to Friday October 30, following a strong purchasing trend across all markets.