November 2020

US HRC spot price closes in on $40/cwt

The price of hot-rolled coil in the United States has reached its highest level in over two years, Fastmarkets has learned.

Brazilian steelmakers to raise rebar price by 12% in December

Brazilian steelmakers will raise the domestic price for long steel products such as rebar by an average of 12% in December, market participants have told Fastmarkets.

ArcelorMittal to give share of Taranto plant to Italian government on Dec 10, unions say

Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on Monday November 30.

Brazilian steel sector expects to seek exemption from US Section 232

The Brazilian steel sector expects to negotiate exemptions for its exports from the Section 232 measures imposed by the United States once President-Elect Joe Biden takes office next January, according to national steel association Aço Brasil.

EUROPE HRC WRAP: Material shortage drives domestic HRC prices up further

Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 27, due to tight supply from both domestic and overseas suppliers.

Turkish flat steel import volumes down by 9% in October

Turkey’s imports of flat steel products decreased by 9.08% year-on-year in October 2020, according to figures from the Turkish Statistical Institute (TUIK).

FOCUS: Ferro-titanium suppliers anticipate multi-year price highs on imbalanced supply-demand

European ferro-titanium prices could hit multi-year highs in the coming weeks against strengthening demand from steelmakers and increasingly tight supplies of scrap, alloy suppliers in Europe told Fastmarkets.

Brazilian slab export prices stable on limited trading

Steel slab export prices from Brazil remained stable in the week ended Friday November 27, with few volumes available and buyers adopting a wait-and-see stance after recent price increases.

CIS STEEL BILLET: Sellers cite tight availability for raising prices in new bookings

The export price for Commonwealth of Independent States-origin steel billet continued to climb in deals to Turkey and Southeast Asia, with producers keeping offer prices high due to shortages of material, sources told Fastmarkets on Monday November 30.

EUROPE HRC: Domestic prices inch up in North on strong order books

Domestic hot-rolled coil prices in Northern Europe went up day on day on Monday November 30, supported by good order books at the mills, sources have told Fastmarkets.