November 2020

CHINA HRC: Exporters raise offers after domestic gains

China’s hot-rolled coil exporters raised their offers for material on Monday November 30 while domestic prices made further gains after reaching a two-year high, Fastmarkets heard.

CHINA REBAR: November construction index up to 60.5%

China’s domestic rebar prices dropped on Monday November 30 following futures losses but participants were optimistic due to the positive data from the downstream sector.

Iron ore concentrate, pellets prices stable at highs

Prices for seaborne iron ore concentrate and pellets inched up in the week to Friday November 27 amid increased demand for concentrate and tightened supply of pellets, market sources told Fastmarkets.

NEWSBREAK: China approves new domestic steel scrap classification standards

The Standardization Administration of China approved on Sunday November 29 new domestic steel scrap classification standards that are expected to be rolled out by the end of this year, replacing the previous standards.

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

Here are five Fastmarkets stories you might have missed on Thursday November 26 that are worth another look.

Ahmsa holding company approves partnership deal with Villacero

Mexican steel company Grupo Acerero del Norte (GAN), which controls integrated steelmaker Altos Hornos de México (Ahsma), has authorized further negotiations for a potential partnership with Grupo Villacero.

Aço Brasil revises steel demand forecast upward again

Brazilian steelmakers’ association Instituto Aço Brasil revised its forecast for the country’s steel market for the last time this year on Friday November 27, reversing its expectations for a year-on-year sales volumes increase in 2020.

Brazil's Usiminas expects more flat steel price rises; raises investment in revamp

Brazilian flat steel producer Usiminas believed there was room for an additional price increase in the country’s domestic market because of the current high prices of steel globally, it said on Friday November 27.

South America steel import prices continue uptrend on higher offers from China

Import prices for flat-rolled steel continued to rise in South America during the week ended on Friday November 27, with Chinese mills presenting higher offers and clients rushing to settle the last deals for January-shipment cargoes.

Steelworkers' unions concerned by possible Italian state control of AM Italia

Italian trade unions representing the country’s steelworkers have been concerned about the future of the Taranto steel plant and the jobs there because of an expected change in ownership of flat steel producer ArcelorMittal Italia, trade union Fiom-Cgil said on Wednesday November 25.