December 2021

China's domestic rebar prices slide further on impending real estate tax

China’s domestic rebar prices dipped for another day on Wednesday December 29 on a deterioration of sentiment in the downstream housing industry.

China’s steel plate export prices flat amid year-end lull

Export prices for Chinese heavy steel plate were flat in the week to Tuesday December 28 amid thin trading during the year-end holiday season.

Five key stories from December 28

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

Chinese export CRC, HDG trading muted for Christmas holidays

Trading for Chinese steel cold-rolled coil and hot-dipped galvanized coil exports was muted during the week to Tuesday December 28 due to the Christmas holiday season.

UAE’s Emirates Steel rolls over rebar price

The biggest producer in the United Arab Emirates, Emirates Steel rolled over its rebar price, sources told Fastmarkets on Tuesday December 28.

Iron ore prices dip further; Tangshan production cuts continue

Seaborne iron ore prices continued to decrease on Tuesday December 28, with Tangshan city continuing a new round of steelmaking production cuts spanning December 27-31 to improve air quality, market sources told Fastmarkets.

Asia billet, scrap prices could drop amid weaker Chinese demand, sources say: 2022 preview

Asian steel market participants are gearing up for another action-packed year in 2022, when they are set to battle with the effects of possible economic headwinds from China and a deepening drive for decarbonization on the continent, sources told Fastmarkets.

Scrap prices in China steady despite weaker finished steel market

Spot prices for imported scrap in mainland China did not fall together with those for finished steel amid tight domestic supply of the steelmaking raw material, sources told Fastmarkets on Tuesday December 28.

Tight supply pushes up fob Australia prices for seaborne premium hard coking coal

The seaborne coking coal market diverged on Tuesday December 28, with the latest transaction concluded at a higher price in the fob Australia segment, indicating good demand and tight supply, while the cfr China numbers fell as a result of long periods of illiquidity.

Chinese HRC prices weaken further after Monday’s futures tumble

Spot prices for hot-rolled coil in China fell further on Tuesday December 28, extending losses from the previous day sparked by a tumble in futures prices.