December 2020

Global pig iron market stays strong at year end, but activity limited

The global pig iron market remained strong, but activity was limited during the week to Thursday December 31 due to the end-of-year holiday period.

Q4 iron ore DR pellet premium flat but will double in Q1 with lower Q2 correction

The premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020 was unchanged at $24 per tonne, but it will double in the first quarter of 2021 with a possible downward correction in the second quarter of 2021, sources told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from December 24

Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.

Full order books, demand push export pig iron prices up in Brazil

The price of pig iron exports from Brazil went up again during the week to Thursday December 24 amid full order books and continued demand in the United States and local markets.

US PIG IRON: Market up on further restocking

The pig iron import market in the United States went up again during the week to Thursday December 24 amid further restocking.

CIS PIG IRON: Uptrend in prices continues despite lack of trades

The uptrend in the pig iron export market from the Commonwealth of Independent States (CIS) continued in the week to Thursday December 24, despite no trades being reported, sources told Fastmarkets.

MEIS 2020: HBI supplies to stay tight in 2021

Global supplies of hot-briquetted iron (HBI) are likely to remain limited in 2021, panelists said in an online discussion at Fastmarkets’ Middle East Iron & Steel conference last week, but it could be the key to a green steelmaking future.

IN CASE YOU MISSED IT: 5 key stories from December 23

Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.

World crude steel production shrugs off pandemic effects to rise 6.6% in Nov

World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.

Continued US demand extends price rally in export pig iron from Brazil

The price of pig iron exports from Brazil increased again during the week to Friday December 18, reflecting further sales to the United States at higher levels.