July 2020

South America steel import prices up; clients brace for Oct negotiations

Flat-rolled steel import prices were up in South America this past week, with mills continuing to offer at higher levels and clients still getting ready to negotiate October-shipment cargoes.

US beam prices flat; import market falls

United States' mills list prices for domestic steel beams have held their ground even with mills offering rebates, while prices for imported product have fallen, sources said, noting the steel industry is seeing steady to improving demand.

Steel groups laud US unfair trade amendment passage

Steel industry associations praised the passage of a measure that would ensure adequate funding for trade enforcement activities conducted by the International Trade Administration's Office of Enforcement and Compliance (E&C) to ensure adequate resources to enforce US trade laws.

RESEARCH; Key takeaways from the latest Welded Linepipe, OCTG Market Tracker

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

Brazil pig iron export prices up further on continued sales

Pig iron export prices from Brazil continued to climb in the week to Friday July 31, on new sales to China and the United States.

US PIG IRON: Demand remains dead on depressed steel market

Pig iron demand remained negligible in the United States during the week ended Friday July 31 due to the depressed nature of the steel market, Fastmarkets has heard.

Indian billet export prices up by $5; sales to China continue

Indian blast furnace-grade billet export prices have increased by $5 per tonne in the week to Friday July 31, with China being a major buyer along with Southeast Asian countries.

Brazilian slab export prices up on recovering demand

Brazilian slab export prices increased by $10 per tonne in the week ended Friday July 31, with offers up amid a revival in demand in most buying markets.

STEEL SCRAP WRAP: Global prices continue to surge upward

Ferrous scrap prices in all the key global markets continued to surge upward in the week ended Friday July 31, with Turkey again achieving higher prices through the week and pushing up those in other regions.

CIS PIG IRON: Chinese still active while market sleeps

The market for pig iron exports from the Commonwealth of Independent States (CIS) was quiet during the week ended Thursday July 30 with demand being heard only in China.