October 2021

Pig iron export market from southern Brazil up on new sales

The market for pig iron exports from the south of Brazil went up during the week to Friday October 15 because of new sales, Fastmarkets has heard.

US PIG IRON: Prices up on positive global market mood

Prices in the United States’ pig iron import market went up during the week to Friday October 15 amid an improved global market mood, sources told Fastmarkets.

STEEL SCRAP WRAP: Sharp price increases across globe amid stronger demand

Higher demand in key consumer markets led to a jump in steel scrap prices across all major markets in the week to Friday October 15, sources have told Fastmarkets.

UK STEEL SCRAP WEEKLY: Light iron market steady on strong exports

The inter-merchant market for light-iron steel scrap in the United Kingdom was steady for a fourth week on Friday October 15, supported by strong export markets and tight availability of scrap in all areas, trade sources told Fastmarkets.

FOCUS: High price of coking coal pressures CIS steelmakers, particularly in Ukraine

Record-high coking coal prices have been pressuring steelmakers in the Commonwealth of Independent States (CIS), mainly in Ukraine, because of a dependence on imports, sources told Fastmarkets.

CIS PIG IRON: Prices rise on new sales amid bullish supplier outlook

The export pig iron market from the Commonwealth of Independent States improved in the week to Thursday October 14, with new sales to Italy and a bullish mood among suppliers.

DAILY STEEL SCRAP: Turkish steelmakers book 10 deep-sea cargoes in past week at rising prices

Turkish steel mills booked at another five cargoes on Friday to bring the total for the week to 10, market participants told Fastmarkets on October 15.

SOUTH ASIA STEEL SCRAP: Prices continue to rise amid buying spree

Prices for shredded steel scrap imported into Pakistan and India increased further on Friday October 15, with trading reported throughout the week, sources told Fastmarkets.

COKING COAL DAILY: PCI prices up in cfr, fob market amid supply tightness

Seaborne coking coal prices stayed largely stable in the cfr China market but decreased in the fob market on Friday October 15, amid weak offers and bids.

ASIA STEEL SCRAP DIGEST: China demand rises amid relaxation in power rationing

Less stringent restrictions on power supply in some areas of China have led to a boost in steel production levels and ferrous scrap demand at some mills in recent days, sources told Fastmarkets on Friday October 15.