June 2020

Strong Chinese demand supports global price growth in pig iron

China continued to show strong demand for pig iron in the week ended Friday June 5, supporting a global uptrend in prices for the raw material.

Brazilian pig iron exporters achieve higher prices in deals to China

Pig iron exporters in Brazil achieved higher prices in the week to Friday June 5 in deals to China, market sources said.

UK SCRAP: Lack of material continues to push up light iron scrap price

The inter-merchant spot price for light iron scrap in the United Kingdom moved up for the second consecutive week on Friday June 5, driving by ongoing tight material availability.

INDIA SCRAP: Prices continue to move up

The price of containerized ferrous scrap imports into India maintained its upward momentum in the week to Friday June 5, as activity returned to the market, sources told Fastmarkets.

WEEKLY SCRAP WRAP: Global spot demand rises on increasing prices

Turkish steel producers continued to purchase deep-sea cargoes on an easing of the restrictions under Covid-19 measures in the working week ended Friday June 5. Demand in the key import markets of Taiwan and Vietnam remained stable amid limited supplies from the United States and Japan while the Indian market continued its recovery.

US PIG IRON: Market up on new sale, bullish suppliers

The market for pig iron in the United States improved during the week to Friday June 5 on a new sale and supplier bullishness, sources told Fastmarkets.

DAILY SCRAP REPORT: Turkish bookings total at least 150,000 tonnes in one week

Turkish steel mills skipped booking deep-sea scrap on the last working day of the week, leaving the prices stable, sources said on Friday June 5.

COKING COAL DAILY: Seaborne premium indices rise on concluded deals

Seaborne premium hard coking coal prices rose by more than $2 per tonne on Friday June 5 due to recent active trading.

IRON ORE DAILY: Seaborne prices rebound on low Chinese port inventory

Seaborne iron ore prices were mostly higher on Friday June 5, with another weekly decrease in iron ore stocks at Chinese ports lending support to the market.

CIS PIG IRON: Market up on new sales to US, China

The market for pig iron exports from the Commonwealth of Independent States (CIS) rose again on new sales to the largest outlets – the United States and China - during the week ended Thursday June 4.