July 2020

Posco returns to steel scrap markets after long absence

South Korean steelmaker Posco has returned to the market for steel scrap from Japan and Korea in the past week after taking a hiatus of around three months, market sources told Fastmarkets.

DBCT coal exports drop 20% in May

Coal shipments from Australia’s main coking coal export hub, Dalrymple Bay Coal Terminal (DBCT), dropped by 19.7% year on year in May, according to data released by North Queensland Bulk Ports Corp.

China's coking coal imports fall 19% in May

China's coking coal import volumes fell by 18.9% year on year to about 4.79 million tonnes in May, according to Chinese customs data.

Mexican vehicle production continues recovery in June

Mexico’s automotive production continued to recover in June amid the Covid-19 pandemic, rising by nearly 10 times from May. But it remains about a third lower compared with a year earlier.

IN CASE YOU MISSED IT: 5 key stories from July 7

Here are five Fastmarkets stories you might have missed on Tuesday July 7 that are worth another look.

Mexican ferrous scrap prices continue downtrend

Prices for ferrous scrap in Mexico went down during the week ended Friday July 3 amid low demand and expectations of softer prices in the United States.

Teck delays start of Red Dog shipping season; customers affected

Teck Resources has delayed the start of the Red Dog shipping season after equipment failure on one of its two barges forced the vessel out of service for about a month.

Brazilian alumina export growth slows to 4.6% y-o-y in June

Alumina exports from Brazil increased in June on an annual basis but at a reduced rate than in the previous months of this year, data from the country’s economy ministry on Monday July 6 showed.

DAILY STEEL SCRAP: Prices steady on low demand but more bookings likely

Turkish steel producers continued to hold back from the deep-sea scrap markets on the second working day of the week because of the soft markets for finished long steel products, sources said on Tuesday July 7.

China copper smelter Dongying Fangyuan misses bond payment

A regulatory filing has shown that Dongying Fangyuan missed the payment of a bond that reached its maturity eight months ago.