November 2020

STEEL SCRAP WRAP: Supply tightness continues to drive up prices

Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.

Brazilian pig iron export market up on new sale to US

The price for pig iron exports from Brazil increased further during the week to Friday November 27 on sales to the United States, Fastmarkets has heard.

Huta Czestochowa expects new tender early next year

A third tender for the sale of struggling steel plate producer Huta Czestochowa was expected in January 2021 with the starting price being reduced, several sources told Fastmarkets on Friday November 27.

US PIG IRON: Import price jumps in 'supplier market'

The import price on pig iron price in the United States increased sharply during the week to Friday November 27 because buyers badly needed to restock.

DAILY STEEL SCRAP: Turkish scrap import prices edge up further with more January cargoes

Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.

Indian mills to raise domestic HRC price by $20-27 per tonne in December

Indian steel mills were likely to increase the domestic price of hot-rolled coil by 1,500-2,000 rupees ($20-27) per tonne for December sales, Fastmarkets heard on Friday November 27.

EUROPE ALLOY SURCHARGES: December values rise on nickel, molybdenum costs

Monthly alloy steel surcharges in Europe have increased for December because of higher nickel and molybdenum costs, market sources said on Friday November 27.

Egyptian rebar producers increase prices

Rebar producers in Egypt added E£500-650 per tonne ($32-41) per tonne to their rebar prices on Friday November 27.

CIS STEEL BILLET: Mills increase offer prices further

CIS billet suppliers continued to push for higher prices after completing few sales to Turkey while buyers at other destinations were largely quiet, struggling to keep up with the price rally, market sources told Fastmarkets on Friday November 27.

SOUTH ASIA STEEL SCRAP: Price rises continue on tight supply, freight restraints

The price of shredded steel scrap imported into India and Pakistan moved up on Friday November 27, due to continuing logistic issues and a rising international market, sources have told Fastmarkets.