June 2020

ASIA HRC: Limited trades while buyers negotiate domestic supply details

There was limited spot demand for imported hot-rolled coil in Vietnam over the past week because buyers were still in the final stages of negotiations with domestic producer Formosa Ha Tinh Steel Corp for domestic supply.

Billet takes lead in surge of Vietnamese steel exports to China

Vietnam’s steelmakers exported huge volumes of steel to China in the first five months of 2020, according to statistics from the Southeast Asian country’s customs agency.

Prices for seaborne iron ore concentrate, pellets fall amid Chinese holiday

Trading activity for seaborne iron ore concentrate and pellets was limited last week due to Chinese holidays on Thursday and Friday.

BETTING ON BLOCKCHAIN: BHP, Baowu complete first iron ore trade on MineHub platform

Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc’s blockchain-based platform.

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

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

US hot-rolled index steady at $24/cwt; new Covid-19 cases worrying

Prices for hot-rolled coil in the United States ended the week mostly steady, but more sources expressed concerns over surging Covid-19 cases across the country, saying the rising number of infections may further hurt the steel industry and the economy as a whole.

US structural tubing price slips again; demand outlook mixed

The price for hollow structural sections (HSS) in the United States fell further on Thursday June 25, with market participants sharing mixed demand outlooks while some tube mills seem to have rescinded earlier price increases.

US PIG IRON: Widening gap between buyers, suppliers stifles trading

Activity in the pig iron market in the United States remained muted in the week to Friday June 26, because of wide gap between the “workable” levels of buyers and suppliers.

Chinese pig iron import price likely peaked, global price growth paused

The import price for pig iron in China was likely to have reached its peak during the week ended Friday June 26, causing a pause in price growth in the global market, Fastmarkets has heard.

Brazilian pig iron export market stable on no new sales

Pig iron export prices from Brazil were stable during the week to Friday June 26 with trading activity slowing down and no new deals reported.