February 2020

IRON ORE DAILY: Steel mills sound margins concerns

Seaborne iron ore prices dropped further on Friday February 28, with concerns about mills’ margins emerging among Chinese buyers as global macroeconomic sentiment continued to plummet.

CIS PIG IRON: Prices up on new sales

The export market for pig iron from the Commonwealth of Independent States strengthened again in the week to Thursday February 27, on resumed sales to key destinations.

CHINA HRC: Buyers await lower export prices on weakening domestic market

China’s hot-rolled coil prices continued to fall on Friday February 28 amid thin trading, encouraging more overseas buyers to hold out for lower export offers.

ASIA FERROUS SCRAP: Taiwanese buying slows on increased availability of Japanese scrap

Taiwanese ferrous scrap buyers continued to purchase cargoes at high prices this week, although buying momentum slowed toward the end of the week on returning supply of Japanese scrap.

CHINA REBAR: Housing sector's tight finances slow down demand recovery

China’s domestic rebar prices tumbled further on Friday February 28 amid losses in the futures market and sustained weakness in demand from the construction sector.

FOCUS: Coronavirus poses considerable short-term risk to Chinese nickel market

The novel coronavirus (2019-nCoV) that originated in China but has since spread to more than 40 countries poses a serious threat to the Chinese nickel market, with demand, and therefore prices, said to be at considerable risk in the short term.

Flat Steel Products Trade Log, February 28, 2020

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.

Long Steel Products Trade Log, February 28, 2020

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.

Semi-finished Steel Products Trade Log, February 28, 2020

The latest bids, offers and deals in the global markets for steel billet, steel slab and bloom.

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

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.