December 2020

PRICING NOTICE: Correction to iron ore 65% Fe Brazil-origin fines index

Fastmarkets has corrected its daily iron ore 65% Fe Brazil-origin fines index, which was published incorrectly on Thursday December 31 due to a calculation error.

IRON ORE DAILY: Slight uptick in seaborne prices despite little trading

Seaborne iron ore prices made a slight increase on Thursday December 31 despite a quiet trading day, sources said.

COKING COAL DAILY: Seaborne prices flat; 2021 uncertainty remains

Seaborne coking coal prices across the board were relatively flat on Thursday December 31 due to a lack of trading during the day while market participants said that Chinese authorities’ policy on Australian coal remained a key factor influencing the 2021 spot market.

CHINA REBAR: Trading inactive before New Year holiday

China’s rebar prices picked up on Thursday December 31 despite thin trading, with the government’s call for output cuts in the new year lifting market sentiment.

CHINA HRC: Prices stabilize on government’s pledge to cut steel output

China’s hot-rolled coil prices stabilized on Thursday December 31, benefitting from improved market sentiment after the government pledged to cut steel output in the coming year.

BANGLADESH STEEL SCRAP: Fresh bulk bookings likely soon, sources say

Bangladeshi steelmakers are likely to re-enter the market soon for purchases of deep-sea scrap cargoes due to low inventory levels, sources told Fastmarkets on Thursday December 31.

VIETNAM STEEL SCRAP: Attempted year-end sell off dampens sentiment

An increase in the number of physical scrap cargoes offered in key import market Vietnam in the the week to Thursday December 31 has dampened sentiment, market sources told Fastmarkets.

TAIWAN STEEL SCRAP: Price climbs ease ahead of year-end holidays

The price increases for imported containerized ferrous scrap into Taiwan eased in the week to Thursday December 31 amid a year-end holiday lull.

China’s domestic stainless steel prices edge up

China’s domestic stainless steel prices ticked up slightly in the week ended on Wednesday December 30 amid pre-holiday demand and stable nickel prices.

JAPAN STEEL SCRAP: Low demand pushes down H2 prices, high grades hold firm

Lower demand for Japanese H2 and H1:H2 heavy scrap from key foreign markets led to slightly lower prices for these grades in the past week, while prices for high-grade material have remained firm.