September 2018

STEEL WEEK IN BRIEF: Record global rebar demand, excess steel capacity…

Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday September 21.

Brazilian steelmakers heard back in export market after currency moves

Brazilian steelmakers' presence in the export market has reportedly increased, with a decline in the value of the local currency versus the United States' dollar boosting the attractiveness of markets abroad.

South America's import prices mostly stable on weak demand

South American flat steel import prices remained mostly unchanged this week amid bearish expectations about prices in China.

WEEKLY SCRAP WRAP: Prices move up on good demand and thin supply

The majority of global scrap prices moved upward on good demand and thin supply in the week ended Friday September 21.

US PIG IRON: Mixed expectations in scrap, HRC markets push pig iron prices down

The pig iron import market in the United States continues to move down on mixed expectations of the future trends in prices for scrap steel and hot-rolled coil (HRC).

ArcelorMittal announces new price list for hollow structural sections

ArcelorMittal Tubular Products has announced a new price list for its hollow structural sections made in Europe, following “price fluctuations that were not sustainable for the industry,” the company said on Friday September 21.

Indian mills likely to raise domestic HRC prices early October

Indian mills are likely to raise the domestic price for hot-rolled coil (HRC) early in October after the sharp loss in value of the country’s rupee against the US dollar in the current month.

EUROPE STAINLESS STEEL: Base prices largely stable but surcharges set to fall

European stainless steel base prices were largely stable in the week ended Friday September 21, with market sources awaiting news of alloy surcharges for October.

POLAND REBAR: Domestic stable supported by strong buying activity

Domestic prices for rebar in Poland have been unchanged over the past week, supported by good demand, sources told Metal Bulletin on Friday September 21.

Brazil's slab export prices unchanged, awaiting revival of US market

Brazilian slab export prices remained stable in the week ended Friday September 21 with local slab producers awaiting the return of demand in the United States, which was halted by import quota issues.