November 2020

EUROPE HRC: Domestic prices stable, sentiment remains upbeat

Domestic hot-rolled coil prices in Northern Europe have been fairly stable on Friday November 27 but the mood in the market remains upbeat, sources told Fastmarkets.

UK STEEL SCRAP WEEKLY: 5C grade market hits 2020 peak on firm fundamentals

The November rally in the UK light iron market looked set to move into December as of Friday November 27, climbing on firm fundamentals of relatively low levels of scrap availability, steady domestic demand and strong export activity.

TURKEY COATED FLAT STEEL: Prices keep increasing; demand strong

Domestic Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil (pre-painted galvanized iron or PPGI) continued to increase in the week to November 27, with demand reported to be strong, sources told Fastmarkets.

Usiminas to maintain iron ore output at 8-9 million tpy, CFO says

Brazil’s Usiminas is expecting production from its mining division Mineração Usiminas (Musa) to remain relatively stable in the coming years at 8-9 million tonnes per year of iron ore, chief financial officer Alberto Ono said on Friday November 27.

TURKEY FLAT STEEL: Sharp price increases continue, demand good

Flat steel prices in the Turkish market continued to increase sharply during the week to Friday November 27, while demand was strong, sources told Fastmarkets.

GLOBAL FERRO-SILICON SNAPSHOT: Europe, China markets up on firm fundamentals

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 27

Ukraine sets 16% import duty on rebar from Belarus

Ukraine is set to impose a special duty on steel rebar imports from neighboring Belarus at a rate of 16.08% in response to “discriminatory and unfriendly actions by Belarus against Ukrainian steel producers,” according to a notice published in a government newspaper earlier this week.

POLAND REBAR: Prices move up on global uptrend, more rises likely

Domestic steel rebar prices in Poland have followed the global uptrend, with further increases expected next week on good demand and a shortage of material, sources told Fastmarkets on Friday November 27.

CIS PIG IRON: Black Sea export price up 15% on shortages

Prices for pig iron exported from Black Sea ports increased by around 15% over the past week because of strong demand and a shortage of material, sources told Fastmarkets.

IRON ORE DAILY: Prices continue to rise amid decline in port inventories

Iron ore prices increased further on Friday November 27, supported by declining port inventories and strong demand for steel, sources told Fastmarkets,