November 2020

COKING COAL DAILY: Seaborne prices quite flat; fob market active

Seaborne coking coal prices across the board remained relatively flat on Friday November 27, with trading active in the fob market, sources said.

TAIWAN STEEL SCRAP: Supply tightness driving up prices

The supply tightness for imported containerized ferrous scrap has led prices to continue up in the week to Friday November 27, even though buyers are increasingly balking at the high offers, market sources told Fastmarkets.

CHINA HRC: Prices reach new 2-year highs on futures gains, further rises expected

China’s hot-rolled coil prices reached new two-year highs on Friday November 27 amid futures gains and market participants expect prices to go even higher next week.

VIETNAM STEEL SCRAP: Strong demand by billet producers stokes price increases

Vietnamese scrap buyers have continued sourcing import cargoes amid supply tightness and stable demand in the week to Friday November 27, market sources told Fastmarkets.

CHINA REBAR: Eastern prices rebound on rising demand ahead of weekend

Eastern China’s rebar prices rose on Friday November 27 due to an uptick in demand ahead of the weekend, but prices still remain 100 yuan ($15) per tonne lower than a week ago due to a steady decline over the past four days.

China’s coking coal imports up 3.6% in October

China imported 5.90 million tonnes of coking coal in October, an increase of 3.6% from 5.69 million tonnes a year earlier, Chinese customs data showed.

Ultrafast Hyperloop systems could use advanced steels to increase efficiency, ArcelorMittal says

Hyperloop systems currently under development could use advanced steels to increase their efficiency in the future, ArcelorMittal researchers said in a paper released by the steelmaker this week.

Steady demand continues to drive up Southeast Asian steel billet prices

Steady demand has continued to drive up prices for steel billet imported to Southeast Asia in the past week, market sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from November 26

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

EU GREEN STEELMAKING: LKAB launches new strategy to meet carbon-neutral goals

Swedish state-owned iron-ore producer LKAB will undergo a transformation with a new company strategy to meet its goals for net-zero carbon emissions, and will invest heavily in its operations to achieve this, the company said on Monday November 23.