January 2019

Steelmaking Raw Materials Trade Log, January 21, 2019

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

IRON ORE DAILY: Prices rise amid futures, rebar gains

Physical iron ore prices continued to advance on Monday January 21 after exceeding $75 per tonne cfr last Friday, following gains in the futures and rebar markets.

COKING COAL DAILY: Thin trading keeps seaborne market largely stable

The seaborne coking coal market had a quiet start to the week, with many participants holding out for more transactions to emerge to set the tone for prices.

Seaborne iron ore concentrate, pellet prices rangebound on limited demand

The seaborne iron ore concentrate and pellet markets were little changed in the week ending Friday January 18, mainly due to limited buying activity in China.

China AM: Ferrous futures soften after release of industrial data

China’s ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS).

IN CASE YOU MISSED IT: 5 key stories from January 18

Here are five Fastmarkets MB stories you might have missed on Friday January 18 that are worth another look.

Southern Brazil pig iron export price down again on lower deal

Pig iron exporters from the south of Brazil cut prices lower to sell a cargo to the United States, Fastmarkets learned on Friday January 18.

WEEKLY SCRAP WRAP: Global scrap prices show mixed dynamics

Global ferrous scrap prices moved in varying directions during the working week from Monday January 14 to Friday January 18, with Turkish and Asian import prices going opposite ways.

US PIG IRON: Buyers start restocking at lower prices

Pig iron buyers in the United States have resumed their purchases of material but at lower prices, sources told Fastmarkets on Friday January 18.

UK FERROUS SCRAP: January prices drop in line with weaker exports

UK ferrous scrap prices for deliveries in January have dropped by £15-20 ($19-26) per tonne, depending on grade, due to persistent weakness in export prices to the key destination of Turkey, trade sources told Fastmarkets on Friday January 18.