STEEL WEEK IN BRIEF: Iron ore, coal prices on the rise, changes in Shougang, Gerdau management, rising steel prices...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Iron ore prices almost reached $80 per tonne on Monday following a big rebound in the billet market coupled with an active derivatives market, but Metal Bulletin’s 62% Fe Iron Ore Index ended the week above the $78 per tonne level on steady buying interest.
Seaborne coking coal buyers in India continue to sit on the sidelines, with prices breaching $200 per tonne fob Australia this week.
Metal Bulletin’s fob Australia Premium Hard Coking Coal Index gained $0.33 per tonne on Friday, to $200.89 per tonne.
The continuing surge in China’s domestic coke prices has further restricted the capacity for exports, Metal Bulletin has learnt. 
In the scrap market, meanwhile, prices were mostly stable this week, as the Turkish market approached a holiday period and other major markets were showing weak demand. 

Taiwan’s prices for imports of containerised HMS-grade...

Published

Ana Paula Camargo

August 25, 2017

23:24 GMT

São Paulo