June 2023

Flat steel import prices slide in South America amid poor market liquidity

Prices of flat-rolled steel products imported into South America were mostly lower during the week ended Friday June 30, since a few offers were lowered but the market was overall quieter, participants told Fastmarkets.

Restrictive EU-UK trade 'rules of origin' for EV batteries could cost automotive sector billions, ACEA warns

Passenger car registration numbers in the EU market increased by 18.5% year on year in May 2023, making it the tenth consecutive month of growth, the European Automobile Manufacturers’ Association (ACEA) said on June 21.

Global steel scrap prices in holding pattern, awaiting return of Turkish mills

Trading in most of the major steel scrap markets has been modest in the week ended Friday June 30, with market participants expecting a clearer direction next week once the bellwether Turkey market returns after the Eid-al-Adha religious holiday.

Indian steel mills may raise domestic HRC prices in July to combat imports

Indian steel mills may increase their domestic hot-rolled coil prices for July sales even while traders undercut mill prices with cheaper imported material, Fastmarkets heard on Friday June 30.

India steel scrap imports weaken while market waits for direction from Turkey

The price of containerized steel scrap imported into India decreased this week although activity was muted while market participants waited for a clear direction from the key Turkish deep-sea import market, Fastmarkets heard on Friday June 30.

Black Sea steel billet market at standstill due to religious holiday

The Black Sea export market for steel billet was quiet in the week to Friday June 30 because of an Islamic religious holiday lasting almost a week in the major buying markets in the Middle East-North Africa region.

US import, Brazil export pig iron prices fall at slower pace, but market remains weak

The US pig iron import market and Brazil's pig iron export market remained weak in the seven days to Friday June 30, although the rate of price declines has slowed, sources told Fastmarkets.

Lull in Turkish deep-sea steel scrap market continues amid Eid al-Adha holiday

The Turkish deep-sea steel scrap import market remained inactive on Friday June 30 due to the observance of the Eid al-Adha holiday.

Polish rebar producers try to increase prices despite weak demand

Polish steel rebar producers tried to raise prices during the week to Friday June 30, but slow end-user demand remains a key challenge, sources told Fastmarkets.

China coking coal imports down by nearly 20% in May

China imported 6.72 million tonnes of coking coal in May, down 19.82% month on month, according to the latest customs statistics.