November 2020

CIS STEEL BILLET: Mills keep offers high despite slow trading

The price rise in the CIS steel billet export market has temporarily stopped because sentiment in Asia has subsided, although mills have kept their offer prices high, sources told Fastmarkets on Wednesday November 25.

DAILY STEEL SCRAP: Turkish mills pay more for scrap amid strong demand for steel

Turkish steel mills resumed their deep-sea scrap purchases despite higher prices, due to growing demand for finished steel and increased competition for scrap, sources told Fastmarkets on Wednesday November 25.

Iran export prices for steel billet, slab increase; deals expected soon

Iran’s export prices for steel billet and slab continued to rise over the week to Wednesday November 25, and new deals were expected to be made soon, Fastmarkets has learnt.

TITANIUM SNAPSHOT: Alloy at six-month peak, scrap hits new 2020 highs

Key data from Fastmarkets’ pricing session in Europe on Wednesday November 25.

EUROPE REBAR: Producers seek higher prices in south, north amid good demand, short supply

European rebar producers were pushing for higher prices in a week to Wednesday November 25, citing low stocks and rising production costs, sources told Fastmarkets.

SOUTHERN EUROPE WIRE ROD: Prices edge up on short supply, good demand

Steel wire rod prices in the south of Europe have moved up over the past seven days, pushed by short availability and with a new round of increases expected for December, sources told Fastmarkets on Wednesday November 25.

NORTHERN EUROPE WIRE ROD: Prices inch up, new rises ahead

Steel mesh-quality wire rod prices in the north of Europe have narrowed upward over the past seven days, pushed by strong demand and low availability, with new rises expected in December, sources have told Fastmarkets.

Metalloinvest to increase HBI output, shipment volumes

Russian steelmaker Metalloinvest, the largest global supplier of hot-briquetted iron (HBI), may increase its shipments by early 2023 when modernization at one of its plants is completed.

Traders caught in middle of sea freight increase; disruptions worsening

The recent surge in container freight costs and availability of cargo space continue to disrupt trade flows in minerals and metals, with trading companies finding themselves unable to dodge the soaring shipping rates.

IRON ORE DAILY: Seaborne prices nudge up despite mixed sentiment

Seaborne iron ore prices were mostly stable on Wednesday November 25, with mill margins still healthy despite mixed expectations on steel demand, sources told Fastmarkets.