September 2021

IN CASE YOU MISSED IT: 5 key stories from September 30

Here are five Fastmarkets stories you might have missed on Thursday September 30 that are worth another look.

US steel beams prices rise $50/t in September

Steel beam prices rose in the United States' domestic and import markets on Thursday September 30 in response to a third round of mill increases.

US domestic rebar prices ‘hit the wall’

Domestic steel reinforcing bar prices in the United States were stable in the week to September 30, with some market participants saying that upward price momentum has come to an end.

US flat-rolled steel import prices decline

Prices in the United States for imported hot-rolled coil, cold-rolled coil and galvanized steel dropped, with foreign producers finding that they can profit if they underbid domestic mills and gain market share in the lucrative US market.

US hot-rolled coil index returns above $98/cwt

Hot-rolled coil prices in the United States edged back above $98 per hundredweight ($1,960 per short ton), with market participants at odds over whether the steel rally is about to run out of steam.

EGYPT STEEL BILLET, REBAR: Rebar prices stable on support from state projects demand

Local rebar prices in Egypt remained stable in the week to Thursday September 30, supported by ample demand from government projects, sources told Fastmarkets.

ArcelorMittal taps Rio Tinto exec for mining div CEO role

ArcelorMittal has appointed Stefan Buys as the new chief executive officer of ArcelorMittal Mining effective Friday October 1.

China import billet deals agreed at stable prices ahead of National Holiday

Further deals for steel billet booked by Chinese buyers earlier this week came to light on Thursday September 30, the day before the country began its National Holiday, sources told Fastmarkets.

Ward Recycling opens new scrap processing yard in London

UK metals scrap trader and processor Ward Recycling has opened a new rail-connected metal processing site in Barking, East London.

EU starts anti-dumping probe into electrolytic chromium coated steel from China, Brazil

The European Commission (EC) has started an anti-dumping investigation into flat electrolytic chromium-coated steel (ECCS) imports from China and Brazil, the EC said in the official journal of the European Union on September 24.