August 2020

Supply pressures weigh on seaborne prices for iron ore pellets

Prices for seaborne iron ore pellets softened in the week ended Friday August 28 on reduced demand but those for concentrate edged up.

Vietnam's Hoa Phat Group starts 3rd blast furnace, to increase HRC production

Vietnam's Hoa Phat Group has successfully started up its third blast furnace at its Dung Quat steel mill and expects to start the production of hot-rolled coil from September onward, the company said on Monday August 31.

China's billet imports surge to 1.34 million tonnes in July

China was an active importer of steel billet (HS code 72071100) in July, though volumes dropped slightly in comparison with June, according to data from the country’s National Bureau of Statistics. India was the biggest supplier of the semi-finished product to China in July.

IN CASE YOU MISSED IT: 5 key stories from August 28

Here are five Fastmarkets stories you might have missed on Friday August 28 that are worth another look.

FOCUS: Will China continue to absorb import pig iron?

After five months of roaring demand for pig iron in China, market sources have started to doubt whether buying activity there will continue.

US hot-rolled coil index breaches $25/cwt; market bullish

Hot-rolled coil prices in the United States have risen above $25 per hundredweight ($500 per short ton) for the first time since mid-June thanks to a recent round of price increases bolstered by healthy demand.

No clear trend in South American steel import prices as buyers await Nov offers

South American flat-rolled steel import prices ended the week on Friday August 28 showing no clear trend because deals for October-shipment cargoes were very scarce, and customers were still waiting to hear offers for November shipments.

GLOBAL FERRO-SILICON SNAPSHOT: Chinese prices edge up on tight spot supply

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 28.

EU GREEN STEELMAKING: Thyssenkrupp to build DRI plant in Duisburg

German steelmaker Thyssenkrupp has detailed its plan for an environmentally friendly transformation of its site in Duisburg, and has committed to building a direct-reduction iron (DRI) plant, Fastmarkets heard on Friday August 28.

Brazilian slab export prices continue rising on low supply

Slab export prices from Brazil increased in the week ended Friday August 28 amid low volumes available and a continued recovery in demand.