August 2021

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

Here are five Fastmarkets stories you might have missed on Tuesday August 31 that are worth another look

US hot-rolled coil index slips but remains above $96/cwt

Hot-rolled coil prices in the United States drifted lower - but still held above $96 per hundredweight ($1,920 per short ton) for a fourth straight business day - after service centers reported better availability and some shorter lead times.

Downtrend persists in Mexican ferrous scrap markets

Mexican steel scrap prices continued to decrease in the week ended on Friday August 27, as most steelmakers applied price cuts because of competition from imported material.

EUROPE HRC WRAP: Sentiment turns negative after buyers, sellers return to market

The mood in the European hot-rolled coil market soured in the week ended Friday August 27 after both buyers and producers started to return after the summer holiday in August.

EUROPE HRC: Market activity slow, sentiment negative

The European hot-rolled coil (HRC) market remained calm on Tuesday August 31 while buyers remained in a “wait-and-see” mode, sources told Fastmarkets.

GULF FLAT STEEL IMPORTS: Most prices down as export tax uncertainty lingers

Flat steel imports into the United Arab Emirates and Saudi Arabia were mostly at decreased offer prices during the week ended Tuesday August 31, while the uncertainty about the direction of prices continued, sources have told Fastmarkets.

INTERVIEW: Beltrame looks to futureproof itself with eco steel plant ahead of green revolution

With Italian steelmaker AFV Beltrame Group’s recently announced investment in a new green steel plant in Romania, chief executive Carlo Beltrame is looking to futureproof the company ahead of the upcoming green steel revolution. In discussion with Fastmarkets’ Carrie Bone, he outlined the changes and challenges anticipated for decarbonizing the steel industry.

CIS STEEL BILLET: Quiet export markets pull prices downward

Export prices for steel billet from the Commonwealth of Independent States region continued to decrease in the week to Tuesday August 31 with the market lacking support, Fastmarkets has heard.

GULF STEEL BILLET, REBAR: Prices fall, rebar demand improves slightly

Steel billet and rebar prices in the United Arab Emirates decreased on Tuesday August 31 while demand for rebar improved, sources told Fastmarkets.

CHINA Q4 STEEL ROUNDUP: Iron ore reserves, adjusted production cuts and other key points

Volatility in steel markets continues to build into the last four months of 2021, with the recent plunges in iron ore prices affecting the wider ferrous supply chain.