January 2021

Brazil slab export price stable amid buyers’ resistance

Slab export prices from Brazil were unchanged in the week ended Friday January 29, with consumers cautious due to uncertainty in steel markets.

South American flat steel import prices mostly down amid lower offers from smaller mills

South America's import prices for flat-rolled steel were mostly down during the week ended Friday January 29, with China-origin material offered at lower levels for April shipment.

US pig iron import market drops on lower-priced deals from Brazil

Pig iron import prices in the United States fell sharply in the week ended on Friday January 29, with at least one deal reported for Brazil-origin material.

CIS PIG IRON: Buyers hold back, expecting further price falls

The export prices for pig iron from the Commonwealth of Independent States dropped during the week to Thursday January 28 on a bearish mood among buyers, sources have told Fastmarkets.

STEEL SCRAP WRAP: Prices yet to hit bottom in downward drive

Global ferrous scrap prices have yet to hit the buffers in their downward plunge. Buyers in Asia were holding back from purchases in the week ended Friday January 29, swooping in only for low-priced cargoes, but demand from China could support prices in the near term.

EUROPE STAINLESS STEEL: Prices climb on nickel costs, demand

The price of flat-rolled stainless steel in Europe increased strongly in the week to Friday January 29, on higher nickel costs and increasing demand, sources told Fastmarkets.

Indian mills likely to raise domestic HRC prices for February sales

Indian mills are expected to raise their domestic hot rolled coil prices in February even though international prices of the commodity are expected to weaken, sources told Fastmarkets on Friday January 29.

CIS STEEL BILLET: Prices fall in quiet market

Prices in the Commonwealth of Independent States export billet market continued to fall in the week to Friday January 29 on softer raw materials markets and a lack of trading activity, sources said.

EUROPE HRC: Mills bullish on tight supply but buyers question long-term sustainability of rally

More European mills have pushed offers up seeking hot-rolled coil transaction price rises due to limited availability of the material, sources told Fastmarkets on Friday January 29.

SOUTH ASIA STEEL SCRAP: Prices down in latest trades

The price of shredded steel scrap imported into India and Pakistan moved down in the week ended Friday January 29 on fresh trades heard in the market, sources told Fastmarkets.