October 2021

Brazilian slab export prices decline, but demand remains strong

Prices for Brazilian slab declined in the export market amid fresh deals, but sources see solid demand.

US CRC, galv sheet prices edge lower

Prices for cold-rolled and galvanized steel sheet in the United States edged lower on Thursday October 21 after remaining flat for several weeks.

US plate prices flat; mill increase said likely next week

Carbon steel plate prices in the United States were stable on Friday October 22 but are expected to go up next week, since Nucor announced a price increase Friday that market participants believe will be accepted.

US hot-rolled coil index hits lowest since late August

Hot-rolled coil prices in the United States ended the week by sliding to their lowest level since late August, with more uncertainty fogging the market outlook.

South American flat steel import market mixed

South American flat-rolled steel import prices had no clear trend in the week ended Friday October 22, with a few Chinese offers issued at higher levels being countered by less expensive material from other origins.

Cleveland-Cliffs aims to up share of domestic prime scrap market

Unites States steelmaker Cleveland-Cliffs plans to increase its share of the US domestic prime scrap market amid increasing demand and the failure of the country’s own manufacturing supply to keep up, the company’s chairman, president and chief executive officer said.

STEEL SCRAP WRAP: Prices in major markets continue to rise on bullish sentiment

Ferrous scrap prices in the global markets continued to strengthen in the week ended Friday October 22 amid firm demand and tight supply. Turkish steel mills continued to pay higher prices for deep-sea scrap cargoes, while buyers in Southeast Asia had to raise their bids because of limited supply.

EUROPE ALLOY STEEL SCRAP: Grade 18/8 prices rise on higher nickel costs; fundamentals stable

The price for grade 18/8 alloy steel scrap increased due to higher nickel costs, while underlying market fundamentals remained stable, sources told Fastmarkets on Friday October 22.

Indian mills raise domestic HRC prices for second time in October

Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.

Mexico's Ahmsa considers US Chapter 11 bankruptcy for thermal coal division

Mexico's Altos Hornos de México (Ahmsa) is considering seeking Chapter 11 bankruptcy protection for its Minera del Norte thermal coal subsidiary, after a Mexican commission canceled state supply contracts, the company said on Thursday October 21.