December 2020

CHINA HRC: Prices continue decline amid thin trading

China’s hot-rolled coil (HRC) prices have continued to fall since reaching a new annual peak on December 22 amid thin trading, sources told Fastmarkets on Tuesday December 29.

CHINA REBAR: Domestic prices stop rising on bearish sentiment

China’s domestic rebar prices halted their upward trend on Tuesday December 29 on market participants’ pessimistic outlook for end user demand, Fastmarkets heard.

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

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

Russia considers export duties on steel billet, rebar

The Russian government is mulling over the introduction of export duties on rebar and billet to combat a sharp rise in domestic long steel prices, Fastmarkets heard on Monday December 28.

Egyptian rebar producers raise prices by $58-64 per tonne

Egyptian rebar producers raised their prices by Egyptian £900-1,000 ($58-64) per tonne, effective Sunday December 27.

CHINA VANADIUM SNAPSHOT: V2O5 prices surge on increased buying, tight availability

Key data from Fastmarkets’ pricing session in China on Thursday December 24.

China’s coking coal imports down 39.7% in November

China imported 3.72 million tonnes of coking coal in November, down 39.7% from 6.17 million tonnes a year earlier, Chinese customs data showed.

COKING COAL DAILY: Premium prices rise on transactions concluded at higher prices

Premium hard coking coal prices in fob and cfr markets rose on Monday December 28 after transactions were sealed at higher prices.

IRON ORE DAILY: Prices down amid weekend decrease in steel prices

Seaborne iron ore prices declined on Monday December 28 due to a downtrend in steel prices over the weekend and cold-weather concerns in China, sources said.

CHINA REBAR: Prices rise but cold wave forecast weakens sentiment

China’s domestic rebar prices rose on Monday December 28 after three days of decreases in the second half of last week but market participants do not expect the upward momentum to be sustained amid a pessimistic outlook for demand.