June 2020

2020: The return of Turkish reinforcing bar to the US market

After dwindling throughout 2019, Turkish exports of reinforcing bar to the United States surged during the first half of 2020; Fastmarkets examines the domestic and global factors that limited those shipments - and drove their return.

Weak demand weighs on Europe's ferro-chrome markets [CORRECTED]

The European markets for both high- and low-carbon ferro-chrome, delivered, softened in the week ended Friday June 26 in response to weak consumption.

Mexican ferrous scrap prices down amid weak demand

Ferrous scrap prices in Mexico decreased for most grades over the past week due to the downward trend in international markets and continued weak domestic demand.

EU steel safeguard adjustments will undermine market recovery, Eurofer and IndustriAll say

The definitive decision in the European steel safeguard case review failed to adjust the level of quotas to collapsed demand following Covid-19 crisis and is a “deep disappointment,” European steel association Eurofer and European trade union IndustriAll said in a joint statement on Tuesday June 30.

RESEARCH: Key takeaways from the latest Welded Linepipe and OCTG Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

RESEARCH: Key takeaways from the latest Ferro-alloys Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.

CIS STEEL SLAB: Prices stable amid limited offers

Commonwealth of Independent States (CIS) export slab prices remained stable in the week to Monday June 30 amid scarce offers and generally weak demand globally, sources said.

DAILY STEEL SCRAP REPORT: Mills extend their silence, awaiting lower prices

Turkish steel producers continued to stay away from deep-sea scrap purchases in anticipation of lower prices, sources said on Tuesday June 30.

EUROPE HRC: Domestic mills push prices up despite demand struggle

Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday June 30, despite the slow pace of demand recovery, sources have told Fastmarkets.

GULF STEEL BILLET, REBAR: Prices mostly stable, demand moderate

The prices paid for steel rebar and billet in the United Arab Emirates were mostly stable this week but demand is still moderate, market sources said on Tuesday June 30.