May 2020

DAILY SCRAP REPORT: Fresh transaction brings price stability

Turkish deep-sea scrap import prices remained broadly stable on Tuesday May 26 after news of a fresh cargo came to light.

RUSSIA REBAR: Oversupply concerns surface in Central Federal District but prices stay flat

Oversupply in the steel rebar market in Russia's Central Federal District around Moscow is a cause for concern, sources told Fastmarkets on Tuesday May 26, although prices remained largely unchanged week on week.

EU GREEN STEELMAKING: ArcelorMittal receives $82m EIB loan for two projects

Steelmaker ArcelorMittal is to receive a €75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.

COKING COAL DAILY: Seaborne prices fall after transactions sealed at lower values

Seaborne premium hard coking coal prices dropped on Tuesday May 26, due to recent lower transaction values, while most market participants now expect prices to remain flat for some time.

Japanese EAF mills forced to raise scrap prices despite static steel markets

Japanese steel producers which use electric-arc furnaces (EAFs) are being forced into raising their purchasing prices for ferrous scrap feedstock despite there being no upward movement in their steel sales prices, sources in Japan have told Fastmarkets.

AT A GLANCE: JSW Steel reports 35% drop in full-year earnings for 2020

A summary of the financial results for Indian steelmaker JSW Steel for its fourth quarter and full year 2020 financial year, which ended on March 31.

European ferro-chrome price range widens in quiet market

The price range for high-carbon ferro-chrome widened in Europe in the week ended Friday May 22, with industry sources reporting deals agreed for more than 500 tonnes of material.

IRON ORE DAILY: Seaborne iron ore prices down as supply concerns ease

The prices for seaborne iron ore went down on Tuesday May 26 with market sources saying that Brazilian miner Vale’s weekly iron ore shipments increased, easing market concerns about supply.

CHINA HRC: Saudi Arabia joins list of suppliers to Chinese market

Saudi Arabia emerged as a new source of hot-rolled coil for China's import market, while domestic prices remained stable on Tuesday May 26 amid moderate trading during the “two sessions” of the National People's Congress.

CHINA REBAR: Rains cause drop in demand, prices down

China’s domestic rebar prices fell on Tuesday May 26, due to reduced demand caused by the heavy rains in most regions of the country.