January 2020

PRICING NOTICE: Friday Jan 31 China-focused steel content and pricing

Due to the enforced extension of China's Lunar New Year holidays, Fastmarkets will not be publishing the following daily and weekly steel prices on Friday January 31.

Seaborne iron ore concentrate demand weakens, but pellet appetite firm

Demand for seaborne iron ore concentrate weakened ahead of a week-long public holiday in China for the Chinese New Year with mills in the country likely to have built up their inventories well in advance, while that for pellets was stronger due to last-minute restocking.

IN CASE YOU MISSED IT: 5 key stories from January 27

Here are five Fastmarkets MB stories you might have missed on Monday January 27 that are worth another look.

Downstream Section 232 tariff confusion sparks speculation

A lack of information on the extended Section 232 tariffs that were announced by US President Donald Trump on Friday January 24 has made it difficult to predict the impact on the downstream steel and aluminium markets.

Brazil steel use down 4% in December as flats decline offsets longs growth

Brazil’s apparent steel use fell in both December 2019 and over the full year, compared with the corresponding figures for 2018, because of weaker domestic sales and imports, local steel association Instituto Aço Brasil said on Thursday January 23.

Brazilian mining agency demands alert for rainfall in dams in four states

Brazilian mining regulatory agency ANM has demanded that mining companies in four states remain alert to the levels in their tailings dams until Friday January 31 because of the heavy rainfall in parts of the country this week.

EUROPE HRC: Sentiment rises on high import prices, good order books at EU mills

Domestic prices for hot-rolled coil in Northern Europe were expected to rise due to a combination of uncompetitive import offers and good order books at EU mills, sources told Fastmarkets on Monday January 27.

US plate price flat; demand pick-up still elusive

Steel plate prices in the United States are stable, with market participants reporting lackluster restocking rates at service centers and short lead times at mills.

CIS LONG STEEL: Prices drop on low trading, higher competition, scrap slippages

Export rebar and wire rod prices for material out of the CIS region decreased in the week to Monday January 27 under pressure from slow trading, increasing competition and falling scrap prices in the global market.

CIS STEEL SLAB: New sizeable sales push prices higher

The CIS slab export price strengthened in new deals in the week to Monday January 27, as customers accepted higher prices amid positive dynamics in the finished flat steel market, sources said.