March 2019

US structural tubing prices edge lower

Prices in the United States for domestically produced structural tubing have edged lower, with market participants indicating sufficient supply at the mill level and softening demand.

US PIG IRON: Buyers accept higher pig iron prices

Buyers in the United States continued to book pig iron during the week ended Friday March 22 at prices higher than those heard in February, due to a stronger scrap market and lower material availability, Fastmarkest has learned.

Brazilian slab export prices up on high offers

Slab export prices from Brazil went up by $10 per tonne in the week ended Friday March 22 because higher offers were reported, although these were resisted by buyers, Fastmarkets heard.

US cold-rolled, coated steel prices steady

Prices for cold-rolled coil and coated steel have held steady week on week in the United States, according to Fastmarkets AMM's most recent assessment.

SECTION 232: A year full of legal challenges

The implementation of tariffs and quotas against US steel and aluminium imports has been heralded and criticized as an unusual trade remedy, with President Donald Trump's administration applying blanket duties rather than more focused - and more typical - anti-dumping and countervailing margins.

SECTION 232: One year later, hits and misses

As of March 23, it has been a full year since US President Donald Trump’s administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds.

Brazilian steel use up in February but still down year on year, Aço Brasil says

Brazilian apparent steel consumption recovered in February 2019, but figures were still down year-on-year in the first two months of the year, national steel association Instituto Aço Brasil said on Thursday March 21.

WEEKLY SCRAP WRAP: Global prices remain firm except in Vietnam

Global scrap prices have gone up slightly except in Vietnam during the working week from Monday March 18 to Friday March 22, with demand being seen in Turkey only later in the week.

POLAND REBAR: Domestic prices stable on good construction demand

Domestic prices for rebar in Poland have been largely stable over the past week, supported by strong demand in the construction industry, sources told Fastmarkets on Friday March 22.

Indian mills hold domestic HRC price steady despite import pressure

Indian mills were keeping domestic HRC prices high in the week ended Friday March 22, even though cheaper imported coil products have beaten down spot prices for the commodity, Fastmarkets has heard.