January 2019

Brazilian slab export prices fall due to lower demand from US, Europe

Export prices for Brazil-origin steel slab declined this past week, with sellers willing to accept lower bids in order to secure deals.

Southern Brazil pig iron export price down again on lower deal

Pig iron exporters from the south of Brazil cut prices lower to sell a cargo to the United States, Fastmarkets learned on Friday January 18.

WEEKLY SCRAP WRAP: Global scrap prices show mixed dynamics

Global ferrous scrap prices moved in varying directions during the working week from Monday January 14 to Friday January 18, with Turkish and Asian import prices going opposite ways.

CIS STEEL BILLET: Suppliers more optimistic amid reduced availability

Sentiment in the export billet market in the Commonwealth of Independent States (CIS) started to improve through the week ended Friday January 18, with mills turning more bullish amid reduced availability of February-rolling material.

Indian secondary billet prices down by $3 per tonne in a week

Indian domestic secondary billet prices fell in the week ended Friday January 18, mainly on account of weakness in the prices of finished products such as rebar.

US cold-rolled coil, hot-dipped galvanized prices follow HRC lower

Prices for cold-rolled coil and hot-dipped galvanized material in the United States have moved into correction territory, falling to levels last seen before the Section 232 tariffs were implemented.

EUROPE STAINLESS STEEL: Demand picks up but pricing outlook still negative

The pricing outlook for stainless steel in Europe remained negative despite recent good demand, sources told Fastmarkets on Friday January 18.

US PIG IRON: Buyers start restocking at lower prices

Pig iron buyers in the United States have resumed their purchases of material but at lower prices, sources told Fastmarkets on Friday January 18.

US structural tubing prices dive; no sign of HRC price bottom

Prices for domestically produced structural tubing in the United States dropped after distributors avoided ordering inventory while the declining price of hot-rolled coil indicated that tube will be cheaper soon, too.

UK FERROUS SCRAP: January prices drop in line with weaker exports

UK ferrous scrap prices for deliveries in January have dropped by £15-20 ($19-26) per tonne, depending on grade, due to persistent weakness in export prices to the key destination of Turkey, trade sources told Fastmarkets on Friday January 18.