March 2021

IN CASE YOU MISSED IT: 5 key stories from March 31

Here are five Fastmarkets stories you might have missed on Wednesday March 31 that are worth another look.

US stainless scrap market stabilizes

The stainless steel scrap market in the United States has cooled, although prices showed little movement over the past week despite a continued weakening in cash nickel prices on the London Metal Exchange.

Indian HRC offers to Europe to exceed $1,000 per tonne cfr

Indian steel mills were likely to offer hot-rolled coil for export to Europe in the week beginning April 5 at prices exceeding $1,000 per tonne cfr, Fastmarkets heard on Wednesday March 31.

Outokumpu announces ethics ‘audit’ of Vale amid review of suppliers

Outokumpu will visit miner Vale’s Onça Puma operation in the Brazilian Amazon rainforest as part of an ethics ‘audit’ of its supply chain, the Finland-based steelmaking company said in a press statement on March 25.

Tight supply continues to support European ferro-chrome markets

Prices of all grades of ferro-chrome in Europe went up in the pricing session on Tuesday March 30 in response to limited supply, while demand has also risen in some sections of the market, Fastmarkets has heard.

EUROPE HRC: Domestic prices stable but set to rise in April

Domestic prices for hot-rolled coil in Northern Europe were stable day on day on Wednesday March 31, but they were expected to rise in the first half of April, sources have told Fastmarkets.

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 31/03: Tight supply, shipping delays push manganese flake prices to 9-year high

An overview of the specialty steel raw materials markets in Europe and their latest price moves.

EUROPE SECTIONS: Feedstock shortage continues to push prices up

Prices for steel hollow sections in Europe increased further in the week to Wednesday March 31 following additional increases to feedstock costs, sources told Fastmarkets.

Turkey flat steel exports plunge 35% in February

Turkey exported 278,172 tonnes of flat steel products in February 2021, 34.37% less than the 423,881 tonnes exported in February 2020, the Turkish Statistical Institute (TÜIK) said on Wednesday March 31.

DAILY STEEL SCRAP: Fresh deep-sea cargo from US pushes up prices

Turkish deep-sea scrap import prices edged up further on Wednesday March 31 on news of a fresh US cargo, market participants told Fastmarkets.