April 2023

Brazilian slab export prices stable amid market uncertainty

Brazilian slab export prices were unchanged on Friday April 28 for a second consecutive week, while sentiment began to worsen in the main consuming regions of the semi-finished steel.

South American flat steel import prices slide further before Chinese holiday

South American flat-rolled steel import prices were down again in the week to Friday April 28, in some cases hitting their lowest since early 2023, with China-based sellers eager to conclude June-Shipment orders offering at aggressively low levels ahead of the Labour Day holiday on May 1.

Chinese ferro-silicon market weakens on steel mill production cuts

Key data from Fastmarkets’ pricing sessions for ferro-silicon in China, Europe and the US on Friday April 28.

TSR aims to boost low-carbon steelmaking in EU with new high-grade scrap

Major German recycler TSR aims to supercharge scrap consumption in Europe with a high-grade scrap designed to make high-quality flat steel for sectors such as automotive, a company official told Fastmarkets on Friday April 28.

US import, Brazil export pig iron markets down on weak sentiment

The US import and Brazilian export pig iron markets have both gone down during the week ending Friday April 28 on expectations of cuts in scrap prices, a weak iron ore sector and negative sentiment on flat steel prices.

Global steel scrap market sentiment dips again after lower sales to Asia, Turkey

Sentiment in the major steel scrap markets was significantly lowered in the week ended Friday April 28, with increasingly weak steel trading activity in Asia and Turkey, which led market participants to become increasingly doubtful of any short-term bounce-back in prices.

Russia’s export pig iron market calm; mood negative

The export pig iron market in Russia was quiet during the week to Thursday April 27, but the mood was negative due to weak steel, scrap and iron ore prices.

India, Pakistan steel scrap import prices follow Turkish market downward

The prices for containerized steel scrap imported into India and Pakistan decreased this week on significant losses in the Turkish deep-sea import market, Fastmarkets heard on Friday April 28.

Indian secondary billet prices down $5 per tonne on weak demand, subdued buying

Sluggish demand and a lack of buying interest from traders and end users pulled down domestic secondary steel billet prices by 400 rupees ($5) per tonne in in India in the week to Friday April 28, sources told Fastmarkets.

UK light iron scrap price range widens downward to entice trading

The light iron steel scrap spot market has widened downward in the UK in the week ending Friday April 28, because some suppliers have cut their offer prices to generate cashflow with slower export business in deep-sea markets creating more domestic availability, industry sources have told Fastmarkets.