August 2020

EUROPE ALLOY STEEL SCRAP: Grade-316 price jumps on tight supply

The price of grade-316 stainless steel scrap imported to Europe increased sharply on tight supply in the week to Friday August 28, sources told Fastmarkets.

EUROPE HRC: Domestic prices stable, mills insist on more price increases

Domestic prices for hot-rolled coil in Northern Europe have been fairly stable day on day on Friday August 28, although the region’s steelmakers continue to push for further price increases, sources told Fastmarkets

DAILY STEEL SCRAP: Mills finish the week with six deep-sea deals

Turkish steel producers made no deep-sea bookings on Friday August 28, after booking several cargoes earlier in the week, sources told Fastmarkets.

TURKEY COATED FLAT STEEL: Prices stable, demand weak

Prices in the Turkish domestic market for hot-dipped galvanized coil (HDG) and color-coated coil remained stable in the week to August 28, but demand was weak due to the summer slowdown, sources told Fastmarkets.

UK STEEL SCRAP WEEKLY: Market flat ahead of long weekend

UK inter-merchant spot prices for light iron scrap were unchanged in the week to Friday August 28 due to the upcoming summer bank holiday in the country keeping trading quiet, sources told Fastmarkets.

TURKEY FLAT STEEL: HRC prices up as holiday season winds down

Prices for steel hot-rolled coil in the Turkish market increased slightly over the week to Friday August 28, although demand was only moderate, sources have told Fastmarkets.

POLAND REBAR: Market flat but expecting higher prices in September

Domestic steel rebar prices in Poland were flat in the week to Friday August 28 in a quiet market, but buyers expected producers to offer higher prices starting from next week, sources have told Fastmarkets.

S KOREA STEEL SCRAP: Mills swoop in to book Japanese scrap at flat prices

South Korean steel mills were able to secure deals for Japanese heavy scrap at largely stable prices over the past week, capitalizing on the mixed outlook in east Asian scrap markets.

IRON ORE DAILY: Seaborne prices up amid logistics concerns at Chinese ports

Seaborne iron ore prices rose on Friday August 28 amid concerns over logistics which have been limited by precautions taken by Chinese ports against typhoon Bavi, according to trade sources.

Chinese mills turn to crushing iron ore lump to fines with lump premiums at three-year low

At least two Chinese steel mills have turned to crushing iron ore lump into fines in the face of falling lump premiums, Fastmarkets learned this week.