August 2020

Seaborne manganese ore prices consolidate as market awaits direction

Seaborne prices for low-grade and high-grade manganese ore in China consolidated in the week to Friday August 28, with market participants awaiting direction from offers for October shipments and the release of the purchase price for September-delivery silico-manganese from Hebei Steel - China’s second-largest steel mill - market sources told Fastmarkets.

US ferrous scrap market headed higher in September

A renewed demand for finished steel, higher steel mill utilization rates and mills actively on the hunt for ferrous scrap in recent weeks all point to a strong ferrous scrap trade in the United States in September.

Returning buying interest slows falls in China portside manganese ore market

The active restocking activities among alloy smelters helped slow the falls in portside prices for both low- and high-grade manganese ore in China in the week to Friday August 28, market sources told Fastmarkets.

IRON ORE DAILY: Futures ride weekend steel price gains

Iron ore futures rose on Monday August 31 due to a surge in steel prices over the weekend, but the physical market for the steelmaking raw material was largely stable.

COKING COAL DAILY: Seaborne market steady but upside for Chinese coke price expected

Seaborne coking coal prices were relatively steady across the board on Monday August 31, though China’s domestic coke market might strengthen soon amid tight supply.

China’s coking coal imports up 17.8% in July vs prior month

China imported nearly 7.37 million tonnes of coking coal in July, an increase of 17.8% from the previous month, Chinese customs data showed.

CHINA HRC: Major mill raises export offer by $10 per tonne on domestic gains

China’s hot-rolled coil prices rose on Monday August 31, which led a major mill in northern China to raise its export offer by $10 per tonne.

Singapore rebar import prices rise following surge in raw materials costs

Prices for rebar imports into Singapore increased in the week to Monday August 31 due to a recent surge in raw materials prices, market sources told Fastmarkets.

CHINA REBAR: Prices rise on restocking demand, weekend billet gains

China’s domestic rebar prices moved up on Monday August 31 on stronger demand among stockists and a strengthening of the billet market.

ASIA HRC: Buyers start to hold back for clearer price trends

A handful of Vietnamese buyers were in the market for imported hot-rolled coil in the past week, while the remainder waited for clearer price trends to emerge before entering into negotiations for November-shipment cargoes.