February 2020

US stainless scrap exports up in December, off in 2019

Exports of stainless steel scrap from the United States more than doubled in December compared with the prior month due to increased shipments to Taiwan and Canada, although shipments for the last year were down by 28% from 2018, according to the latest US Census Bureau data.

US finished steel imports up in January: AISI

The United States imported a total of 3.13 million net tons of steel in January, up nearly 98% from December, the American Iron and Steel Institute (AISI) said on Wednesday February 26.

American Institute for International Steel again asks high court to intervene on Section 232

The American Institute for International Steel (AIIS) has again asked the United States Supreme Court to hear its case challenging the constitutionality of Section 232.

US cold-rolled, galvanized sheet prices steady before new increases

Prices for cold-rolled and galvanized sheet in the United States held steady after hot-rolled coil prices continued hovering in a narrow band for a two-week period.

US structural tubing price unchanged; decreases disrupted

Prices for structural tubing in the United States stayed flat on Thursday February 27. Market participants previously thought potential decreases were forthcoming for the domestic tube market, but a new price hike on flat-rolled products indicated that might not be the case.

US domestic beam prices stable; import prices widen lower

Domestic steel beam prices in the United States remained flat in February in the face of mostly stable demand, while import beam prices widened, moving slightly lower at the midpoint.

AT A GLANCE: Acerinox blames 'geopolitical tensions' for 2019 loss

A summary of stainless steel producer Acerinox’s financial results for October-December and the full year of 2019.

South America steel import prices volatile amid Chinese rises, weak currency

Flat steel import prices showed no clear trend in South America in the week ended Friday February 28, with Chinese exporters trying to push for increases following a steep decline through the earlier parts of the month.

US PIG IRON: Market up on higher deals, positive expectations in scrap

The pig iron market in the United States during the week ended Friday February 28 went up on new bookings and amid expectations of higher scrap prices in March, sources have told Fastmarkets.

FOCUS: Surge in Chinese ferro-chrome output leaves ore, alloy markets softer

A surge in Chinese high-carbon ferro-chrome production last year led to a jump in buying interest for chrome ore, resulting in a significant build-up of ore inventories in the country that is dampening market sentiment.