December 2020

CHINA HRC: Prices down despite government’s call for output cut

China’s hot-rolled coil (HRC) prices continued to fall on Wednesday December 30 despite the Minister of Industry and Information Technology saying the country would further cut its crude steel output the day prior, Fastmarkets heard.

CHINA REBAR: Prices unchanged amid inactivity

China’s domestic rebar prices were unchanged on Wednesday December 30, supported by futures gains amid weakened demand.

Asian steel mills withhold offers for CRC, HDG amid year-end holidays

Steel mills in China, South Korea and Vietnam have withheld offers for cold-rolled coil and hot-dipped galvanized coil in the past week amid the year-end holidays.

Seaborne manganese ore prices hit 10-week highs on continued strength in portside ore, alloy markets

Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays.


The latest data for the global manganese ore market for the week ended December 29, 2020.

China’s plate export prices pull back after hitting 9-year high

China’s plate export prices have retreated after reaching highs not seen since October 2011 a week ago, dragged lower by weakness in domestic futures.

PRICING NOTICE: Proposal to amend cfr Southeast Asia steel billet price specifications

Fastmarkets proposes to make two amendments to the specifications of its daily price for steel billet, import, cfr Southeast Asia.

IN CASE YOU MISSED IT: 5 key stories from December 29

Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.

CIS LONG STEEL: Prices up again on strong market fundamentals

Export prices for long steel products from the Commonwealth of Independent States (CIS) rose again during the week to Tuesday December 29 amid strong market fundamentals.

Turkey to start anti-dumping investigation against HRC from EU, sources say

Turkey’s Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on Tuesday December 29.