February 2020

COKING COAL DAILY: Premium hard coking coal fob Australia index breaches $160 per tonne

Seaborne coking coal prices moved up on Thursday February 27, although buyers in China expected prices to show a correction following a drop in domestic metallurgical coke prices.

IRON ORE DAILY: Physical prices follow futures lower

Seaborne iron ore prices retreated further on Thursday February 27, with many Chinese market participants concerned that the spread of the novel coronavirus (2019-nCoV) outside China and its impact on the ferrous sector within the country remain the biggest factors weighing on prices.

Japan ferrous scrap offer prices rise again but buyers hold firm

Japanese ferrous scrap export transaction prices were unchanged over the week to February 26 despite a rise in offer prices from most sellers, market sources told Fastmarkets.

EUROPE WIRE ROD: Prices flat but mills eye increases

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week while the price of international ferrous scrap continues to rise, sources told Fastmarkets on Wednesday February 26.

CAPACITY WATCH: JFE Meranti starts color-coating line

Myanmar’s JFE Meranti has begun operating its color-coating line at Thilawa Special Economic Zone, according to a joint announcement from the company's shareholders.

CHINA HRC: Domestic market weakens further on rising supply

China’s hot-rolled coil prices dropped on Thursday February 27 after trading thinned further, with high inventories dampening market sentiment.

CHINA REBAR: Logistics improve, but inventories still rising

China’s domestic rebar prices dropped on Thursday February 27 on surging inventories despite a gradual improvement in the country’s logistic sector.

FOCUS: S Korea’s coronavirus outbreak compounds Chinese stainless steel woes

The novel coronavirus (2019-nCoV) outbreak in South Korea, the largest export market for Chinese stainless steel, is likely to apply additional pressure on stainless steel prices in Asia, sources told Fastmarkets this week.

Flat Steel Products Trade Log, February 27, 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 27, 2020

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