December 2021

CIS steel billet market quiet amid holidays, outlook optimistic

The CIS export steel billet market was quiet in the week ended Friday December 31 after major mills left for year-end holidays.

Import scrap prices down in India on thin demand, Pakistan prices stable

Prices for import scrap in India and Pakistan diverged in the week ended Friday December 31.

Mills remain quiet in steel scrap import markets

Turkish steelmakers remained silent in deep-sea steel scrap import markets on the last day of the year due to festivities, sources told Fastmarkets on Friday December 31.

US import pig iron market in holiday mood, buyers bearish

The import pig iron market in the United States has been in holiday mode in the week ended Friday December 31; buyers were also bearish due to inactivity in other outlets, sources told Fastmarkets.

DR iron ore pellet premium to increase in Q1, remain $50/t in Q4

The premium for direct-reduced (DR) iron ore pellet for shipment in the first quarter of 2022 will increase, although it remained at $50 per tonne for the fourth quarter of 2021, Fastmarkets heard.

CIS export pig iron market soft and muted on holiday season

The export pig iron market from the Commonwealth of Independent States was soft and muted in the week ended Thursday December 30 for both suppliers and buyers in key outlets because of the holiday season.

Turkish coated coil prices decrease on low market activity

Coated coil prices in Turkey decreased slightly during the week ended Friday December 31 due to weak market activity, sources said.

Turkish flat steel market slow at year-end

The Turkish flat steel market was slow during the last week of the year because most global markets were on holiday, sources told Fastmarkets on Friday December 31.

China lowers appetite for import billet amid dip in steel price

Chinese importers reduced their bid prices for steel billet over recent days amid a drop in finished steel markets in the country, sources told Fastmarkets on Friday December 31.

Iron ore prices up; Tangshan lifts pollution-related curb from January 1

Seaborne iron ore prices inched higher on Friday December 31, with market sentiment being supported by resumed production at mills and the removal of production curbs in Tangshan, sources told Fastmarkets.