November 2018

STEEL WEEK IN BRIEF: Asia scrap prices tumble; US HRC prices down to pre-232 levels; Voestalpine earnings slip...

Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday November 16.

South Brazil's pig iron exporters raise offer prices for January

Pig iron exporters in the south of Brazil have sold out of material for shipment this year and have increased their offer prices for material for January deliveries.

US PIG IRON: Previous restocking keeps US buyers out of market

Buyers avoided making new deals in the United States pig iron market during the week ended Friday November 16 because they had restocked earlier in the month, Fastmarkets was told.

WEEKLY SCRAP WRAP: India escapes global pressure on scrap prices from weak demand

Global ferrous scrap prices surrendered to the downward pressure created by weak mill demand and tepid finished steel sales during the working week from Monday November 12 to Friday November 16, with the exception of those in India.

EUROPE ALLOY STEEL SCRAP: Prices fall further as bearish outlook persists

Austenitic steel scrap prices fell further this week with the negative market factors that have developed in recent weeks remaining in place. The pressure on prices came from poor demand, decreasing nickel prices and a lack of confidence that the market will pick up early in 2019.

INDIA IMPORT SCRAP: Prices up on higher offers but sentiment turns negative

The price of shredded ferrous scrap imported into India rose this week, reflecting higher offer prices in the market, but weak demand is damaging sentiment, sources told Fastmarkets MB on Friday November 16.

DAILY SCRAP REPORT: Indices stable as Turkish mills fall quiet again

The Turkish steel mills resumed a watchful position in the deep-sea scrap markets on Friday November 16, with no bookings made and prices remaining unchanged, Fastmarkets was told.

CIS PIG IRON: Market settles after active sales earlier in Nov

Trading activity in the export market for pig iron from the Commonwealth of Independent States faded after active sales to the United States earlier this month.

FREE WEB SEMINAR: How SGX's 65% Fe derivative marks the next stage of evolution for iron ore

Fastmarkets is hosting a free web seminar to discuss the new Singapore Exchange (SGX) 65% Fe derivative contract on December 11.

Asia ferrous scrap prices continue fall on weak demand; more downside expected

Asia ferrous scrap prices are still falling this because because of weak demand from steel mills and ample supply from various origins.