March 2024

Brazilian slab export prices unchanged; sellers look for room for increases

Brazilian slab export prices were unchanged in the week ended Thursday March 28, while sellers reported market conditions that could push prices up, but customers reported lower bids.

Southeast Asian steel mills reduce scrap intake amid sluggish local steel demand

Southeast Asian — Indian, Pakistani and Bangladeshi — steel mills reduced their intake of imported steel scrap in the week to Thursday March 28, mainly due to prevailing bearish sentiments in their respective countries, sources told Fastmarkets.

Brazil continues pig iron sales to US amid improved sentiment

Pig iron exporters from Brazil continued to make sales to the US in the week to Thursday March 28, with sources expecting the market level to increase in the next round of deals due to improved market sentiment.

Subdued seasonal demand inhibits trading in Egyptian rebar market

Producer offers remained unchanged in Egypt's domestic rebar market in the week to Thursday March 28, with slow demand and unchanged market conditions amid the ongoing Ramadan celebrations, sources told Fastmarkets.

Indian HRC export prices stable but bookings fall

Indian steel hot-rolled coil export prices were stable in the week to Thursday March 28, even as exports of the upstream product reduced to a trickle, sources told Fastmarkets.

Russian pig iron export price rise amid resumption of sales to Italy, Turkey

Pig iron export prices out of Russia pushed up in the week to Thursday March 28, mainly due to the resumption of sales to Italy and Turkey, sources told Fastmarkets.

Prices edge down in Northern European rebar market amid weak demand; wire rod stable

Trading remained depressed across the Northern European steel longs market in the week to Wednesday March 27 amid weak consumption and a bearish outlook, sources told Fastmarkets.

Turkish steelmakers book more deep-sea scrap, prices edge higher

Turkish steel mills continued to book deep-sea steel scrap at steady prices, despite demand for finished long steel products remaining poor in Turkey's domestic and export markets, sources told Fastmarkets on Thursday March 28.

Import steel slab offers stable in Italy, but mood downbeat

Import steel slab offers for Italy remained largely unchanged in the week to Thursday March 28, while trading was muted due to the approaching Easter holidays, which start on Friday.

Trading lull persists in European HRC market, prices weaken further

A lack of demand and oversupply continued to weigh on European hot-rolled coil prices on Thursday March 28, sources told Fastmarkets.