September 2020

IN CASE YOU MISSED IT: 5 key stories from September 28

Here are five Fastmarkets stories you might have missed on Monday September 28 that are worth another look.

US hot-rolled coil index inches higher on tight supply

Hot-rolled coil prices in the United States edged up slightly on Monday September 28 on growing concerns about tightening supply and the ability of mills and service centers to meet customers’ needs in a timely manner.

EUROPE HRC WRAP: Domestic prices inch up on tight supply

Domestic prices for steel hot-rolled coil across Europe continued to rise, but at a slower pace, over the week to Friday September 25, driven by reduced supply from domestic mills and a lack of competitive import offers.

EUROPE HRC: Buyers turn more cautious on further price rise, mills remain bullish

European buyers of hot-rolled coil have become more cautious about further price increases, while steelmakers continued to push for higher prices, sources told Fastmarkets on Monday September 28.

CIS FLAT STEEL: HRC market weakens on lack of liquidity

Export prices for steel hot-rolled coil from the Commonwealth of Independent States (CIS) declined over the week to Monday September 28 on a lack of liquidity in the market, sources said.

RUSSIA FLAT STEEL: Producers eye October hikes despite slower final demand

Domestic flat steel suppliers to Russia's Central Federal District around Moscow remain bullish for October price hikes on firm exports, while buyers are cautious of further rises on slow downstream demand and sufficient stocks, sources told Fastmarkets on Monday September 28.

Cleveland-Cliffs buys ArcelorMittal US assets for $1.4bln

Cleveland-Cliffs has reached a definitive agreement to buy ArcelorMittal USA and its subsidiaries for around $1.4 billion, which will make it the largest flat-rolled steel producer in the country, the company said on Monday September 28.

ArcelorMittal France relights blast furnace at Fos-sur-Mer after six months of downtime

ArcelorMittal resumed operations at blast furnace (BF) No1 at its Fos-sur-Mer plant in France last week, the company told Fastmarkets on Monday September 28.

CHINA HRC: Prices weaken despite active restocking

China’s hot-rolled coil prices weakened on Monday September 28 despite active buying, with buyers restocking ahead of an eight-day break to mark the country’s National Day.

ASIA HRC: Chinese cargoes return to market after price plunge

Prices for SAE1006 hot-rolled coil in key import market Vietnam continued to plunge in the week to Monday September 28, with Chinese steel mills and traders attempting to offload export cargoes before China’s Golden Week holiday on October 1-7.