December 2014

Metal Bulletin Iron Ore Index ends turbulent year at $71.26

Spot 62% Fe iron ore prices inched up amid quiet trading activity on Wednesday December 31.

China axing 'polluting' boron-added steel's export rebate on January 1

China will remove the export tax rebate on those boron-added steel products that “cause pollution during production”, according to a brief notice on the government's website on Wednesday December 31.

Quiet end of year close for seaborne coking coal market

Participants in the Asian seaborne coking coal market were sat on the sidelines on the last day of the year amid a weak outlook.

China’s rebar prices up further in the east on strong futures

China spot rebar prices rose in the east on Wednesday December 31, buoyed by the strong futures performance over the past two days.

Russia’s stainless steel imports to drop 40% in 2015

Russia’s imports of stainless steel products may drop by 40% year-on-year in 2015, the industry association SpetsStal said on Tuesday December 30.

Traders anticipate higher seaborne iron ore prices at start of 2015

Seaborne iron ore, branded by many as "the worst asset in 2014", ended on a quiet note on the last day of 2014 with few trades concluded.

2015 OUTLOOK: Middle Eastern economies shaken by oil price plunge

After the dramatic collapse of crude oil prices, steelmakers are worried about the negative impact this may have on the Middle East region’s infrastructure spending and with that on steel demand.

US stainless scrap prices continue to slide

Stainless scrap processor buying prices in the USA slid further this week.