November 2019

IN CASE YOU MISSED IT: 5 key stories from November 12

Here are five Fastmarkets MB stories you might have missed on Tuesday November 12 that are worth another look.

US stainless steel prices flat; December extras expected to fall

Stainless steel prices in the United States were flat across the board this month due to stable base prices and essentially unchanged surcharges, although surcharges are expected to decline in December.

Mexican scrap prices relatively stable, but optimism increases

Prices for ferrous scrap remained stable in Mexico’s central Bajío region and moved slightly lower in the northern region of Monterrey during the week to Tuesday November 12, but market participants were optimistic about price increases to come.

EU HRC producers to raise offers on reduced output, lack of import competition

European producers of hot-rolled coil were expected to raise their domestic offer prices and were likely to achieve better trading prices because of production cuts and the lack of competitive import offers, sources told Fastmarkets on Tuesday November 12.

Voestalpine begins operations at its carbon neutral hydrogen-production pilot plant

Voestalpine has started operations at its pilot plant in Linz, Austria, for carbon-neutral production of hydrogen, taking a significant step towards making the project commercially viable.

DAILY SCRAP REPORT: Mills step back after flurry of deep-sea bookings

Turkish steel producers have taken a break from the deep-sea scrap market after last week’s burst of buying activity for December cargoes, sources said on Tuesday November 12.

ArcelorMittal to idle Krakow blast furnace on poor steel demand

ArcelorMittal has decided to temporarily idle operations of its blast furnace (BF) and steel plant in Krakow, Poland, from November 23 this year, the company said on Tuesday November 12.

CIS STEEL BILLET: Mills secure deals in North Africa, but buyers mainly cautious

CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.

GULF STEEL BILLET, REBAR: Prices increase on improved demand

Prices for import billet and rebar, and domestic rebar in the United Arab Emirates have increased over the past week on improving demand, market sources said on Tuesday November 12.

GULF FLAT STEEL IMPORTS: Prices increase, buyers do not accept

Offer prices on flat steel imports into the United Arab Emirates and Saudi Arabia have increased over the past week, but buyers have not accepted the new prices, sources told Fastmarkets on Tuesday November 12.