July 2021

South American coil import prices up despite market slowdown

Import prices for flat steel in South American markets edged up for most grades due to higher offers from Chinese producers, while some participants reported a slowdown in the market.

US hot-rolled coil index falls below $91/cwt, downside limited

Hot-rolled coil prices in the United States fell below $91 per hundredweight ($1,820 per short ton) on Friday July 23 after three consecutive business days above that threshold.

Brazilian slab export prices edge down on cautious market

Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.

STEEL SCRAP WRAP: Seasonal slowdown sends down prices in major markets [CORRECTED]

The Turkish steel mills continued to limit their deep-sea scrap bookings in the week ended Friday July 16 due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.

German steel production keeps rising in June - WV Stahl

Crude steel production in Germany continued to rise in June, recording a fourth consecutive month of recovery, German steel federation WV Stahl said on Thursday July 23.

Marcegaglia confirms intention to bid for stainless steelmaker AST

Italian steel re-roller Marcegaglia has been short-listed for the purchase of Italian stainless steelmaker Acciai Speciali Terni (AST), which is owned by German steelmaker Thyssenkrupp.

Indian local billet prices up $13/t in line with rising rebar prices

Indian domestic prices for secondary steel billet rose by about $13 per tonne during the week to Friday July 23 on stronger demand for finished products, particularly rebar, sources said.

STEEL SCRAP WRAP: Markets remain subdued, trading limited

Global scrap prices remained broadly stable over the week to Friday July 23; trading remains subdued due to public holidays and a resurgence of Covid-19.

UK STEEL SCRAP WEEKLY: Light iron market consolidates higher

The inter-merchant light iron scrap market in the United Kingdom was steady in the week to Friday July 23, consolidating small gains from the previous week amid strong domestic fundamentals, despite quiet export sales to key destinations such as Turkey and the Indian subcontinent, sources told Fastmarkets.

EUROPE HRC: Prices flatten in slow market

Trading activity in the hot-rolled coil markets across Europe was still limited on Friday July 23, with prices broadly stable despite gaining strength from short supply, Fastmarkets has heard.