March 2023

Brazilian slab export prices edge up on strong demand

Brazilian slab export prices increased by $10 in the week to Friday March 31 amid solid demand in North America.

South American flat steel import prices mostly lower on reduced market liquidity

Flat-rolled steel import prices were mostly lower in South America during the week to Friday March 31, with market liquidity drying up as negotiations for shipments in May started to be concluded, sources told Fastmarkets.

US import, Brazil export pig iron markets muted, awaiting clarity on scrap

The US import and Brazilian export pig iron markets were muted over the week to Friday March 31, with participants awaiting more clarity in the ferrous scrap market.

Global steel scrap markets down on bearish sentiment, weak steel demand

Steel scrap prices fell in global markets in the week to Friday March 31, with the downward movement supported by poor finished steel demand amid limited buying interest from steelmakers in Turkey.

Pakistan steel scrap import prices plunge on low domestic rebar demand; India prices slip

Offer prices on shipments to Pakistan of containerized shredded steel scrap fell sharply this week amid very low demand for rebar domestically, as well as a further early-week drop in the Turkish deep-sea market, Fastmarkets heard on Friday March 31.

Some Turkish flat steel prices fall again on decreasing costs, demand

Some flat steel prices in Turkey continued to decrease during the week ended Friday, March 31 due to weakening demand and decreasing production costs, sources told Fastmarkets.

Russia's Black Sea pig iron export market quiet on low demand

Russia’s Black Sea pig iron export market was calm in the week to Thursday March 30, mainly due to a lack of demand, sources told Fastmarkets.

UK light iron scrap price drops on quieter export market

The light iron steel scrap spot market in the UK dropped in the week to Friday March 31 due to weaker exports into key export destination Turkey, although persistent domestic supply tightness in the UK stemmed steeper losses, sources told Fastmarkets.

European HRC producers aim for higher offers, buyers cautious as lead times extend

The European steel hot-rolled coil market remained quiet on Friday March 31 while waiting for higher offer prices to be issued by the major steelmakers, Fastmarkets has heard.

Turkish galvanized coil prices increase in local market, demand low

Prices for hot-dipped galvanized coil in Turkey increased in the week to Friday March 31, but demand was limited, sources told Fastmarkets.