Brazilian company Mariana Vale announced on Thursday (September 30th) that the suspension of operations near the Xingu Dam in the Valiana Mariana Iron Ore Complex has been partially lifted and will allow the related railway to resume operations. This issue will be resolved to resume the supply of iron ore in the coming months
The price of hot rolled coils in the United States has returned to last year's highest level after reaching a peak of almost 16 months, supporting the continuation of high supply against the slow growth of demand.
US hot-rolled coil prices have hit a year-to-date high, thanks mostly to tight supply, Fastmarkets understands.
The steel industry directly employs about 1,50,000 people in the United States and directly / indirectly supports more than 1 million American jobs.
The carbon steel US plate price increased to highest level since mid-April on Friday October 2 after domestic mills announced price increases and mostly filled order books through October.
Prices for US plate were steady last week, just when North American producers were announcing a fresh round of price increases.
Cold and galvanized sheet prices rose in the United States for the sixth week in a row as factories filled orders by November, and some were unable to deliver until December.
Flat steel import prices in South America are rising in the week ending September 11, supported by improved demand and low availability.
Brazilian flat steel manufacturers have announced a price increase of at least 10% on all their products.
The price of steel plates in the United States has been stable, while mills will announce their price increase after the end of August.
The price of cold and galvanized sheet has increased after increasing the delivery time of materials by mills and increasing the price of hot-rolled coil in August.