December 2020

CHINA HRC: Overseas buyers pause amid Chinese price slump

China’s hot-rolled coil prices slumped on Monday December 28 amid slumping futures, which discouraged overseas buyers from placing orders for Chinese cargoes.

Rebar demand in Singapore thins amid rising offers

Demand for imported rebar in Singapore thinned in the past week amid the emergence of higher offers, industry sources told Fastmarkets on Monday December 28.

ASIA HRC: Strong demand inflates premium for cargoes from Japan, S Korea, Taiwan

Stronger demand for hot-rolled coil from Japan, South Korea and Taiwan among buyers in Vietnam have driven up the premium that such cargoes have over Chinese products.

Seaborne iron ore concentrate, pellet prices surge on solid demand

Prices for seaborne iron ore concentrate and pellets picked up more upward momentum in the week ended Friday December 25 on strong demand from Chinese steelmakers.

IN CASE YOU MISSED IT: 5 key stories from December 24

Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.

US hot-rolled coil index continues at historic highs

Hot-rolled coil prices in the United States continue at record highs, with tags at or above $50 per hundredweight ($1,000 per short ton) - a level last seen during the bull rush of 2008.

Brazilian slab export prices rise as sellers probe new levels

Brazilian slab export prices rose this past week, when sellers increased offers in an attempt to achieve higher price levels.

UK STEEL SCRAP WEEKLY: 5C market consolidates gains ahead of holidays

The British light iron market was steady over the week to Wednesday December 23 as trading activity slowed ahead of the Christmas and New Year holidays, with many traders already off work, trade sources told Fastmarkets.

Flat steel import prices soar in South America on China’s strength

Import prices for flat-rolled steel products in South America continued their nearly three-month uptrend as Chinese material was presented at higher levels for March 2021 and April 2021 shipments following ongoing domestic strength.

Full order books, demand push export pig iron prices up in Brazil

The price of pig iron exports from Brazil went up again during the week to Thursday December 24 amid full order books and continued demand in the United States and local markets.