December 2019

Indian steel billet prices rise by $23 per tonne

Domestic steel billet prices in India increased by 1,600 rupees ($23) per tonne in the week ended Friday December 27 due to a sharp rise in finished steel product prices and increased buying of semi-finished goods by rolling mills.

EUROPE HRC: Domestic prices stable in slow market

The domestic price of hot-rolled coil in Northern Europe held steady on Friday December 27 from the previous day, which market sources attributed to holiday-thinned activity.

DAILY SCRAP REPORT: Markets remain quiet for holiday period

The Turkish deep-sea scrap import markets remained quiet at the end of the week because of the traditionally slower Christmas holiday period, sources said on Friday December 27.

INDIA IMPORT SCRAP: Prices play catch-up with global increases

The price of ferrous scrap imported into India increased this week due to the upswing in global ferrous scrap markets, sources told Fastmarkets.

Flat-steel import market quiet in South America amid holidays

Flat-rolled steel import prices were mostly unchanged in South America in the week to Friday December 27 amid a market lull resulting from the year-end holidays.

TURKEY COATED FLAT STEEL: Prices decrease, demand moderate

Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil or pre-painted galvanized iron (PPGI) decreased in the week to Friday December 27, a reflection of typically modest demand around the end of the year, sources told Fastmarkets.

EGYPT STEEL BILLET, REBAR: Prices stable but demand weak

Prices for steel billet and rebar in Egypt were stable in the week ended Friday December 27 in subdued year-end trading conditions when demand is typically weak, sources told Fastmarkets.

TURKEY FLAT STEEL: HRC price increases continue although market activity weak

Some Turkish hot-rolled coil producers increased their prices again during the week ended Friday December 27 but market activity was subdued because of the usual year-end slowdown.

Vale sells Chinese coal producer Henan Longyu stake to Yongmei for $152mln

Vale has entered into an agreement to sell its 25% stake in Chinese coal producer Henan Longyu Energy Resources Co to Yongmei Group for 1.07 billion yuan ($152 million), the Brazilian mining company said on Friday December 27.

IRON ORE DAILY: Seaborne prices climb in active trading

Seaborne iron ore prices rose on Friday December 27 because of trades heard at higher levels.