May 2020

GLOBAL CHROME SNAPSHOT: UG2 prices continue rally as FeCr producers restock

Key data from the pricing sessions in Asia, Europe and the United States for the session ending Friday May 29.

GLOBAL FERRO-SILICON SNAPSHOT: Chinese market continues gains on supply tightness, elevated June tender prices

Key data from the pricing sessions in Asia, Europe and the United States for the session ending Friday May 29.

Indian HRC export prices down but volumes up

The export price for hot-rolled coil from India has fallen by $10-25 per tonne with mills booking large tonnages to China and South-East Asian countries.

New sales boost Brazil export pig iron prices

The market for pig iron exports from Brazil continued to rise in the week to Friday May 29 on new sales to China and the United States.

US PIG IRON: Prices rise; suppliers bullish on Chinese demand

The market for pig iron in the United States improved during the week ended Friday May 29, with suppliers bullish amid continued demand and higher prices in China.

TURKEY FLAT STEEL: HRC prices rise on healthy demand

Domestic and imported prices for steel hot-rolled coil in Turkey continued to increase during the week ended Friday May 29 because of strong demand in the country.

Brazilian crude steel output down 39% in April on Covid-19

Brazilian crude steel production dropped by 39% year on year in April, according to figures released by national steel association Aço Brasil early this week.

INDIA SCRAP: Market rises as interest grows

The price of shredded ferrous scrap imported into India in containers moved up on Friday May 29, on growing interest from mills returning to the market for the first time since the Covid-19 lockdown, sources told Fastmarkets.

UK SCRAP: Market edges higher amid reduced scrap generation

The inter-merchant spot price for light iron scrap in the UK has moved higher by £5 ($6) per tonne in the week to Friday May 29, the first price movement in May.

Saudi Arabia to apply higher duties on steel products by June 10

Saudi Arabia plans to increase its import duties on certain steel products from June 10, Saudi Arabian market sources told Fastmarkets on Friday May 29.