September 2020

US hot-rolled coil index up again; mills pushing offers higher

Hot-rolled coil prices in the United States have climbed to their highest since early March while some mills have been quoting higher yet again.

US stainless steel scrap prices continue to fall

The stainless steel scrap market in the United States has continued to deteriorate amid weakening nickel prices, with the official nickel cash contract on the London Metal Exchange declining by nearly 60 cents per lb over the month of September.

EUROPE SECTIONS: Mills continue push for higher prices [CORRECTED]

Hollow steel sections prices in Europe moved up this week, with mills pushing hard to achieve higher prices, market sources told Fastmarkets on Wednesday September 30.

EUROPE PLATE: Domestic prices inch up despite low demand

Domestic prices for heavy steel plate in the EU have moved up over the week to Wednesday September 30, despite trading activity remaining slow, market sources have said.

PRICING NOTICE: Proposal to amend publication time of Iranian steel billet, slab export prices

Fastmarkets proposes to amend the publication time of its weekly steel billet and slab export prices for Iran-origin material in order to better capture the full extent of market activity, and to bring the specifications into line with the majority of Fastmarkets’ other regional steel price assessments.

EUROPE HRC: Domestic prices inch up on reduced output, lack of imports

Domestic prices for hot-rolled coil in Europe inched up over the week to Wednesday September 30, driven by reduced output from domestic mills and a lack of competitive import offers, sources have told Fastmarkets.

EC starts anti-dumping investigation into CR stainless steel from India, Indonesia

The European Commission (EC) has initiated anti-dumping proceedings concerning imports of stainless steel cold-rolled flat products originating in India and Indonesia.

Traders book more steel billet from Iran, but demand remains low

Prices in the Iranian export market for steel billet strengthened in the week to Wednesday September 30, supported by activity on the traders’ side.

EUROPE BEAMS: Prices unchanged despite fresh producer push for further hikes

Steel H-beam prices in Europe remained flat this week despite more producers announcing fresh increases, sources told Fastmarkets on Wednesday September 30.

DAILY STEEL SCRAP: Mills continue to stay away from deep-sea market, seeking lower prices

Turkish steel producers extended their absence from the deep-sea scrap market amid weak finished steel demand, sources said on Wednesday September 30.