March 2020

IN CASE YOU MISSED IT: 5 key stories from March 31

Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.

Mexican ferrous scrap prices rise on currency volatility, low generation

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Bajio rose during the week ended Friday March 27 - bucking the trend in global markets - due to a strong devaluation of the peso.

ISRI seeks regulatory relief for metals transport

The Institute of Scrap Recycling Industries (ISRI) is petitioning the US Department of Transportation’s Federal Motor Carriers Safety Administration (FMCSA) to include metals transport in its expanded national emergency declaration, which provides regulatory relief to commercial vehicle drivers amid the Covid-19 outbreak.

Global Covid-19 effects could cut iron ore supply by 18 mln tonnes in 2020, Vale says

Nationwide lockdowns and restrictions on activity to contain the Covid-19 pandemic could reduce the supply of iron ore in the seaborne market by around 18 million tonnes this year, according to mining company Vale.

Turkish flat steel output will decrease in April on maintenance breaks

Flat steel output in Turkey will decrease in April due to maintenance breaks by two major producers.

Polish platemaker to be put up for sale in mid-April

Struggling Polish steel platemaker ISD Huta Czestochowa has been recommended for sale by tender, Fastmarkets learnt on Tuesday March 31.

EUROPE HRC: Domestic prices stable in slow market

European domestic prices for hot-rolled coil were almost unchanged day on day in a slow market, sources told Fastmarkets on Tuesday March 31.

GULF FLAT STEEL IMPORTS: All prices down on soft demand

Flat steel import prices in the United Arab Emirates and Saudi Arabia have fallen by around $10-20 per tonne over the past week, with the market very slow because of concerns about the spread of the Covid-19 pandemic, sources told Fastmarkets on Tuesday March 31.

GULF STEEL BILLET, REBAR: Prices fall sharply on weak trading

The prices for steel rebar and billet in the United Arab Emirates have decreased sharply over the past week, with demand very weak amid concerns about the spread of the Covid-19 pandemic, market sources said on Tuesday March 31.

DAILY SCRAP REPORT: Mills go silent in deep-sea markets amid virus outbreak

The Turkish steel mills have gone quiet in the deep-sea scrap markets after the recent sharp fall in prices, with more mills shutting down their operations due to the Covid-19 pandemic, sources said on Tuesday March 31.