December 2021

Seaborne low-vol PCI cfr price continues uptrend; coking coal fob prices strong

The low-volatility pulverized coal injection (low-vol PCI) cfr price jumped due to good demand and relatively tight supply in the week ended Friday December 31, while seaborne coking coal prices in the fob Australia market edged up on Friday.

Eastern China's HRC prices widen upward amid year-end lull

Spot prices for hot-rolled coil in eastern China widened upward on Friday December 31 on thin trading ahead of the new year holiday.

Vietnam's scrap import market meets year-end lull

Vietnam’s scrap import market experienced thin trading this week amid the year-end festive season.

Taiwan's scrap prices continue downward trend

Spot prices for imported containerized ferrous scrap in Taiwan continued to trend down in the week to Friday December 31 amid weak demand caused by the year-end lull.

China's domestic rebar prices weaken in response to drop in construction rates

China’s domestic rebar prices dropped amid soft demand on Friday December 31 following the release of data showing a drop in construction rates during the winter season.

Five key stories from December 30

Here are five Fastmarkets stories you might have missed on Thursday December 30 that are worth another look.

Russian steel HR and CR sheet January prices up slightly, likely to stay flat on limited supply

Despite the seasonal slowdown, Russian mills slightly increased January hot-rolled and cold-rolled sheet prices during the nine days to Wednesday December 29, on the expectation that supply and demand would remain balanced on limited availability due to planned maintenance at major producers in early 2022.

Metinvest signs MoU with SMS Group aimed at reducing carbon footprint

Metinvest, one of Ukraine’s largest steelmakers, signed a memorandum of understanding (MoU) with iron and steelmaking technologies provider SMS Group and its subsidiary Paul Wurth earlier this month, aiming to reduce carbon emissions, Fastmarkets learned on Thursday December 30.

Egyptian steel billet, rebar markets stable on weak activity

The market for steel billet and rebar remained stable in Egypt during the week ended Thursday December 30 because of low activity in the last week of the year, sources told Fastmarkets.

Turkish steel mills silent in deep-sea scrap markets

Turkish steel producers were mostly quiet in the deep-sea scrap import markets after transactions at lower prices earlier in the week, market participants said on Thursday December 30.