December 2013

Spot 63.5% Fe iron ore prices flat on New Year's eve

China’s imported iron ore market was stable on Tuesday December 31 amid slack trading activity with the year coming to an end.

2013 REVIEW: Lower prices, stiffer competition test CIS pig iron market

Competitive pressure from rival producers and traders in Latin America has seen prices and profitability dwindle for many in the CIS pig iron export market in 2013.

2014 OUTLOOK: Outokumpu’s new daily alloy surcharge system explained

Outokumpu’s head of Europe, Middle East and Africa (EMEA) sales, Olli-Matti Saksi, and its director of strategic projects, Paul Schlimgen, explain how its daily alloy surcharge system will work.

SGX gets US approval for derivatives clearing

The Singapore Exchange (SGX) has been recognised as a derivatives clearing organisation (DCO) by US derivatives regulator Commodity Futures Trading Commission (CFTC).

Chinese CRC export prices up $5 on HRC gains

China’s cold rolled coil export market showed some signs of trending up over the past few days, driven by strengthened hot rolled coil export prices.

Taiwan's Yusco raises stainless steel prices for January

Taiwan’s largest stainless steel producer, Yieh United Steel Corp (Yusco), is raising its domestic and export offers for January 2014, tracking higher production costs.

Turkish local auto bundle scrap prices up on costlier imports

Turkish steel mills continued increasing their local auto bundle (DKP grade) scrap buying prices this week amid strengthening imported scrap prices, Steel First was told on Monday December 30.

Russian domestic CR sheet slides, HR sheet keeps on falling

Russian domestic prices for the cold-rolled sheet slid for the first time in the last week after remaining stable since early October.

JSW Steel increasing steel prices by 2% from January 2014

India’s largest steel producer, JSW Steel, will raise its prices by 2% from January 2014.