December 2014

DAILY SCRAP REPORT: Indices rise with fresh Baltic cargo

Steel First's daily scrap indices moved up on the last day of the year after a new Baltic cargo was sold earlier this week.

HRC offer prices to India up by $15 per tonne

Offer prices for commercial grade hot rolled coil (HRC) to India mainly of Russian origin have increased by $15 to $470-475 per tonne cfr Mumbai for February shipments.

Russian railways raises export tariffs for 2015

Russian Railways (RZD) has introduced a 13.4% premium to all fixed export tariffs, including those for ferrous metal, according to local press reports.

China’s longs export prices stable; export rebate uncertainty remains

China’s longs export market held firm this week, supported by the rally in rebar futures, although uncertainty regarding the export tax rebate clouded the outlook.

IRON ORE DERIVATIVES WRAP: Swaps prices inch down at year end

Iron ore swaps prices edged down on Wednesday December 31 as business wound down for the close of 2014.

China’s spot HRC prices flat on last trading day of 2014

China’s domestic hot rolled coil price were unchanged on December 31 ahead of the country’s three-day New Year holiday.

2015 OUTLOOK: Chile's steel industry expects modest growth in 2015

The Chilean steel sector is expected to post a modest increase in activity next year, amid a deceleration of the country’s overall economy and lower investments.

China AM: Futures slide amid divided outlook

China’s steel and steelmaking raw material futures softened slightly during morning trading on the last day of 2014, with market participants’ outlook for the new year remaining diverged.

2015 OUTLOOK: No bright spot for Southeast Asian billet prices

Fundamentals for billet in Southeast Asia are bearish amid China’s overcapacity, but a potentially positive factor may emerge early next year when Beijing settles its export rebate policy for alloy steel.