September 2021

IN CASE YOU MISSED IT: 5 key stories from September 21

Here are five Fastmarkets stories you might have missed on Tuesday September 21 that are worth another look.

Brazilian flat steel sales down 26.6% amid normalized domestic supply, Inda says

Flat steel sales from Brazilian distributors declined by 26.60% year on year in August, with the market normalizing from supply constrains seen earlier in the year, according to national steel distributors’ association Inda.

Mexican ferrous scrap prices continue to decrease

Mexican ferrous scrap prices posted widespread declines in the week ended on Friday September 17 despite steady demand in the country.

GULF FLAT STEEL IMPORTS: Buyers wait for price falls to stop before placing orders

Flat steel buyers in the United Arab Emirates and Saudi Arabia preferred to wait for prices to stop coming down before they placed any new orders, sources told Fastmarkets on Tuesday September 21.

PRICING NOTICE: Amendment to frequency of China import steel billet assessment

After a one-month consultation period, Fastmarkets will amend the timing specifications for its assessment of the China import steel billet price from Tuesday September 28.

GULF STEEL BILLET, REBAR: Market silent, buyers wait for new local prices

The market for steel rebar and billet in the United Arab Emirates was silent in the week to September 21 because buyers were waiting for new local rebar prices to be announced, sources told Fastmarkets.

DAILY STEEL SCRAP: Mills stay quiet for second day

Turkish steel mills continued to ignore the deep-sea scrap market on Tuesday September 21, with no transactions heard so far this week, market participants told Fastmarkets.

EUROPE HRC: Domestic prices continue to move down

Domestic prices for hot-rolled coil in northern Europe and Italy declined on Tuesday September 21 due to low trading activity, sources told Fastmarkets.

CIS LONG STEEL: Wire rod export prices mixed, rebar stable

CIS wire rod export prices had an up-and-down week in the seven days to Monday 20 September, particularly in Russia, where mill offer prices went in different directions, sources told Fastmarkets.

Steel billet offers to Philippines fall, market awaits China’s return from holiday

Activity in the Asian import markets for steel billet has been stifled over the past few days amid continued weak demand in the Philippines market and China’s Mid-Autumn Festival holiday, sources told Fastmarkets on Tuesday September 21.