November 2018

STEEL WEEK IN BRIEF: Asia scrap prices tumble; US HRC prices down to pre-232 levels; Voestalpine earnings slip...

Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday November 16.

South Brazil's pig iron exporters raise offer prices for January

Pig iron exporters in the south of Brazil have sold out of material for shipment this year and have increased their offer prices for material for January deliveries.

US cold-rolled coil, coated steel prices fall again

Cold-rolled coil and coated steel base prices declined this past week in the United States, in line with lower feedstock pricing.

US PIG IRON: Previous restocking keeps US buyers out of market

Buyers avoided making new deals in the United States pig iron market during the week ended Friday November 16 because they had restocked earlier in the month, Fastmarkets was told.

Brazilian slab export prices stable, demand expectations improve

Brazilian slab export prices were almost unchanged during the week ended Friday November 16 because of low activity, but producers and traders expected a recovery in the next few months because of planned stoppages and growth in demand.

WEEKLY SCRAP WRAP: India escapes global pressure on scrap prices from weak demand

Global ferrous scrap prices surrendered to the downward pressure created by weak mill demand and tepid finished steel sales during the working week from Monday November 12 to Friday November 16, with the exception of those in India.

EUROPE ALLOY STEEL SCRAP: Prices fall further as bearish outlook persists

Austenitic steel scrap prices fell further this week with the negative market factors that have developed in recent weeks remaining in place. The pressure on prices came from poor demand, decreasing nickel prices and a lack of confidence that the market will pick up early in 2019.

TURKEY COATED FLAT STEEL: Prices fall on limited demand

Domestic prices for coated steel coil products in Turkey have moved down over the past week due to slow trading conditions, sources told Fastmarkets on Friday November 16.

TURKEY FLAT STEEL: Domestic prices to move down on slow trading

Domestic prices for steel coil products in Turkey were expected to move down due to limited demand, sources told Fastmarkets on Friday November 16.

INDIA IMPORT SCRAP: Prices up on higher offers but sentiment turns negative

The price of shredded ferrous scrap imported into India rose this week, reflecting higher offer prices in the market, but weak demand is damaging sentiment, sources told Fastmarkets MB on Friday November 16.