January 2019

CIS PIG IRON: Market confused by opposing price trends in raw materials, HRC

The pig iron export market in the Commonwealth of Independent States (CIS) was confused by the opposing price directions taken by the raw materials and finished steel products markets during the week ended Thursday January 31.

CIS STEEL BILLET: Market firms after North African customers accept higher prices

The price of billet in the Commonwealth of Independent States’ (CIS) market firmed by the end of the week, while customers in North Africa accepted higher levels in deals.

EUROPE HDG: Domestic prices reach ‘bottom’

Domestic prices for hot-dipped galvanized (HDG) coil in Europe resumed their downward trend this week, but have now “reached the bottom,” sources told Fastmarkets.

SSAB forecasts strong Q1 steel demand in US, stability in Europe

Swedish steelmaker SSAB forecasts that demand for heavy steel plate will remain strong in the United States in the first quarter of 2019, while in Europe demand will be fairly stable.

DAILY SCRAP REPORT: Prices inch down on more bookings

Turkish deep-sea scrap import prices moved down on Thursday January 31 following more bookings done at slightly lower levels, sources told Fastmarkets.

European molybdenum markets extend gains

European molybdenum prices rose this trading this week, with both molybdenum oxide and ferro-molybdenum prices paring almost all losses so far this year, with higher oxide offer prices behind the rise in the alloy market.

EGYPT STEEL BILLET, REBAR: Billet import prices rise, rebar prices to follow soon

Steel billet import prices in Egypt increased this week on higher offers, and the market is expecting rebar prices to increase as well, sources told Fastmarkets on Thursday January 31.

IRON ORE DAILY: Prices rise to $85 per tonne on bullish Brazilian fines

Seaborne iron ore prices jumped above $85 per tonne cfr China on Thursday January 31, with deals for Brazilian fines closing at higher levels after Vale's decision to reduce the output of its southern systems.

Semi-finished Steel Products Trade Log, January 31, 2019

The latest bids, offers and deals in the global markets for steel billet, slab and bloom.

Steelmaking Raw Materials Trade Log, January 31, 2019

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.