December 2015

Taiwan's scrap import prices edge up on restocking demand

Taiwan’s import prices for containerized heavy melt scrap (HMS) in Taiwan have edged up over the past week, with some buyers heading to the spot market to replenish their inventories.

Steel market gains boost iron ore prices further

The rebound in the Chinese steel sector continues to push iron ore prices upwards in both the seaborne market and ports in China, but enquiries appear to be thinning.

China’s spot HRC prices rise further as futures extend gains

China’s spot hot rolled coil prices rose further on Wednesday December 30, as a strong futures performance boosted sentiment, although participants warned the current rally is unlikely to sustain.

China’s rebar market surges on tight supply, pre-holiday restocking

Chinese spot rebar prices soared on Wednesday December 30 as buyers returned to the market to restock ahead of the three-day break this weekend at a time of low supply.

Vietnam initiates probe on imported billet, long steel

Vietnam has initiated a safeguard investigation on imports of billet and long steel products into the country.

China AM: Futures edge down while spot prices rise

China’s steel and steelmaking raw materials futures inched down during morning trading on Wednesday December 30, despite an uptick in spot prices.