September 2023

Delayed publication of EU, UK stainless steel scrap prices: pricing notice

The publication of Fastmarkets’ EU, UK stainless steel scrap prices was delayed because of a technical error on Friday September 29.

UAW strike impact in US special steel ops limited, Gerdau says

Brazil-based steelmaker Gerdau said the impact of the United Auto Workers (UAW) union strike in its special steel operations in the United States has been limited during a conference with analysts on Thursday September 28.

Asian deep-sea steel scrap import bookings exceed 350kt in August

Deep-sea import bookings of steel scrap materials into Asia continued to increase over the summer this year, with market sources estimating the volumes around 370,000 tonnes in August 2023, Fastmarkets has heard.

Global steel scrap markets face regional pressures

In the closing week of September, the global steel scrap market presented varied trends across key regions.

Ferrous scrap import volumes continue to collapse in India, Pakistan

Steelmakers in India and Pakistan have severely cut their intake of imported ferrous scrap over the last week, depriving suppliers of options for where to place their containers, sources told Fastmarkets on Friday September 29.

US import, Brazil export pig iron markets up on new deals

The US import and Brazil export pig iron markets improved over the week to Friday September 29 on new bookings.

Indian HRC import prices up by $10 per tonne, domestic prices still rising

Indian import prices for steel hot-rolled coil increased by $10 per tonne in the week ended Friday September 29, with China-origin material booked by domestic traders.

Russian pig iron exporters test market with higher offers; demand remains low

Pig iron exporters from Russia tested the market with the higher offers during the week to Thursday September 28, although demand remained low.

Polish steel wire rod prices slightly down amid lack of activity; rebar slightly up on restocking

Polish steel wire rod prices widened downward, while the price for rebar in Poland slightly increased in the week to Friday September 29; the market was relatively quiet for both products after more active restocking in previous weeks, sources told Fastmarkets.

Black Sea export steel billet market on pause while participants digest duty introduction

The Black Sea export steel billet market was quiet in the week to Friday September 29, with participants still digesting last week’s introduction of floating export duties by Russia for some raw materials and steel products.