August 2020

COKING COAL DAILY: Filled import quotas keep seaborne prices unchanged

There was little to no movement in seaborne coking coal prices on Friday August 28 and sources from China said they expect the cfr market to be soft for another month.

CHINA HRC: Exporters keep prices high despite decline in domestic market

China’s hot-rolled coil exporters kept their offers high on Friday August 28 despite weakness in the domestic market, with a softer dollar said to be lending support.

VIETNAM STEEL SCRAP: Buyers snap up Japanese H2 cargoes after hiatus

Demand for ferrous scrap imports in the key Southeast Asian market of Vietnam remained firm in the week to Friday August 28.

CHINA REBAR: High production costs underpin prices in eastern region

High production costs have been supporting China’s domestic rebar market for the past couple of weeks, with prices in the eastern region unchanged on Friday August 28 despite slower trading.

GFG’s Gupta named as LME Metals Seminar keynote speaker

Sanjeev Gupta, Executive Chairman of steel and aluminium investment company GFG Alliance, will head the roster at the London Metal Exchange’s virtual seminar this year, the LME announced on August 28.

TAIWAN STEEL SCRAP: Price increases slow but upside still expected – sources

The momentum in the imported containerized scrap price from the United States West Coast sold into Taiwan slowed this week but industry sources expect some further upside in the near term.

FASTMARKETS MB DAILY PDFs

Daily PDFs will be downloadable until Monday August 31. After that, because of the UK’s Summer bank holiday, the next daily PDF will be downloadable on Wednesday September 2.

IN CASE YOU MISSED IT: 5 key stories from August 27

Here are five Fastmarkets stories you might have missed on Thursday August 27 that are worth another look.

US finished steel imports nearly double in July

Finished steel imports into the United States soared month on month in July due to a massive influx of blooms, billets and slabs from Brazil, according to data from the US Department of Commerce’s Enforcement and Compliance division.

RESEARCH: Key takeaways from the latest Welded Linepipe and OCTG Market Tracker

The latest forecasts from Fastmarkets’ team of analysts are ready to view.