October 2021

US plate tags flat; mill hikes still settling

Carbon steel plate prices in the United States were stable on Friday October 29 but are expected to rise soon, with market participants saying recent mill price hikes will likely be accepted but have not quite hit spot prices.

US merchant bar prices flat in October

Prices for domestic and imported merchant bar quality (MBQ) steel in the United States were flat in October for the second consecutive month following two rounds of mill base price increases in July and August.

US HRC index ends week above $95/cwt

Hot-rolled coil prices in the United States dipped for the third time in five days but still managed to end the week slightly above $95 per hundredweight ($1,900 per short ton), with sources questioning whether a “market correction” is at hand.

Brazilian slab export prices stabilize

Slab export prices from Brazil inched up in the week ended Friday October 29, but the market remained calm, with most producers already having sold their December-shipment batches.

Brazil, US pig iron markets more optimistic, but deals lacking

Brazilian pig iron sellers are more optimistic amid increased demand in global markets, but no deals have been heard in the country’s main producing regions.

South American flat steel import prices lower; market quiet

Reduced market liquidity between monthly negotiations and lower offers from China pressured imported flat-rolled steel prices lower in South America during the week ended Friday October 29.

US CRC, galv prices flat; buyers await drop

Prices for cold-rolled and galvanized steel sheet in the United States were flat on Thursday October 28, with many market participants relying on existing inventory or foreign steel purchases while they wait for mill prices to drop.

US steel beam prices flat in October

Steel beam prices were flat in the United States' domestic and import markets on Thursday October 28 following three rounds of mill price increases over the summer and bringing a welcome pause to upward pressure in market that has been tightly supplied.

US hollow sections market remains steady

Prices for hollow structural sections (HSS) in the United States were unchanged week on week with sources reporting that larger mills are holding firm at recent levels.

Seaborne iron ore market to lose 40mln tonnes in supply next year: Vale

The iron ore seaborne market supply might lose 40 million tonnes in 2022 compared with 2021, the ferrous director at Brazilian mining company Vale, Marcello Spinelli, said on Friday October 29.