US hot-rolled coil index steady, finishes week above $34/cwt
Hot-rolled coil prices in the United States ended the week to Friday October 30 above $34 per hundredweight ($680 per short ton), holding mostly flat after weeks of steady increases.
Steel news
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PRICING NOTICE: Amendment to Iranian steel billet, slab export price assessments
Fastmarkets has today amended the publication time of its weekly Iranian steel billet and slab export prices from 1-2pm to 2-3pm London time.
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COKING COAL DAILY: Seaborne premium prices up on latest transaction
Seaborne premium hard coking coal prices edged up on Friday October 30 after a transaction of premium hard coking coal was done at a price slightly higher than yesterday, sources...
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VIETNAM STEEL SCRAP: Demand for US scrap continues amid high Japanese offers
Vietnamese buyers continued to source American scrap due to its narrow spread over Japanese materials in the week to Friday October 30, although many market participants have been increasingly tight-lipped...
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US hot-rolled coil index back above $34/cwt; mills keep sights on $35/cwt
US hot-rolled coil prices have popped back above $34 per hundredweight ($680 per short ton), while mills - which have few spot tons to spare for the balance of the...
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SSS 2020: Volatility spurs opportunities for ferrous hedging - panel
The steel industry will see greater adoption of steel and ferrous scrap derivatives - futures and options - in response to increased price volatility and uncertainty about world events, risk-management...
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US hot-rolled coil index continues to slide; spot activity thins
Hot-rolled coil prices in the United States declined for the second consecutive day due to diminishing spot market activity and a lack of availability from steel producers, according to market...
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SSS 2020: Gerdau bullish on North America, Brazil growth potential
Both the North American and Brazilian markets have strong growth potential stemming from infrastructure-related activity, Gerdau’s global chief financial officer Harley Scardoelli told attendees at Fastmarkets' 2020 Steel Success Strategies...
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SSS 2020: More steel, fewer workers will be needed in future
Thirty years from now, the global steel industry will likely use more briquetted iron products and scrap and hardly any steelworkers, executives said during the "Steel Industry 2050" panel at...
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SSS 2020: M&A said likely to rebound next year
Merger-and-acquisition activity in the metals sector should pick up in 2021, Vince Pappalardo, managing partner of Brown Gibbons Lang & Co, told attendees during Fastmarkets' 2020 Steel Success Strategies Online...