November 2019

PRICING NOTICE: Updated Fastmarkets holiday pricing schedule for 2020

The Fastmarkets holiday pricing schedule has been updated to reflect the official announcement of public holidays in China for 2020.

CHINA HRC: Overseas buyers await lower prices

China’s domestic hot-rolled coil prices were largely stable on Thursday November 28, while in the export market buyers were refraining from placing orders on expectation of possible price drops in the near future.

Flat Steel Products Trade Log, November 28, 2019

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products.

CHINA REBAR: Domestic prices keep dropping alongside temperatures

China’s domestic rebar prices were lower on Thursday November 28, with a drop in temperature in many parts of the country curbing demand from the construction industry.

Long Steel Products Trade Log, November 28, 2019

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products.

Semi-finished Steel Products Trade Log, November 28, 2019

The latest bids, offers and deals in the global markets for steel billet, slab and bloom.

Lower nickel, high inventory levels exert pressure on China’s stainless steel prices

The Chinese stainless steel market was under pressure over the past week due to high local inventory levels and producers continuing to adjust their asking prices downward in response to the recent decline in the price of nickel, market participants told Fastmarkets.

CAPACITY WATCH: Shagang to start 1.71 million tpy crude steel capacity in 2022

Major eastern Chinese steel producer, Shagang plans to add 1.71 million tonnes per year of crude steel capacity in 2022 by replacing 2.28 million tonnes per year of its old capacity, according to the Jiangsu provincial Industry & Information Technology Department.

IN CASE YOU MISSED IT: 5 key stories from November 27

Here are five Fastmarkets MB stories you might have missed on Wednesday November 27 that are worth another look.

Most OCTG, line pipe prices weaken in US

Prices for oil country tubular goods (OCTG) and line pipe in the United States mostly moved lower in November after the number of active oil and gas rigs dropped to a two-and-a-half-year low and drilling investment appeared to shrivel up going into 2020.