March 2019

US PIG IRON: Buyers accept higher pig iron prices

Buyers in the United States continued to book pig iron during the week ended Friday March 22 at prices higher than those heard in February, due to a stronger scrap market and lower material availability, Fastmarkest has learned.

WEEKLY SCRAP WRAP: Global prices remain firm except in Vietnam

Global scrap prices have gone up slightly except in Vietnam during the working week from Monday March 18 to Friday March 22, with demand being seen in Turkey only later in the week.

EUROPE ALLOY STEEL SCRAP: Austenitic prices move higher on more stable nickel costs

Austenitic alloy steel scrap prices edged higher in Europe this week in reaction to more stable nickel costs.

UK SCRAP: Market price rolled over amid steady business

Prices for light iron steel scrap in the United Kingdom have been rolled over this week amid steady trading while regular inter-merchant business and firm demand from major shredders support the market, sources told Fastmarkets on Friday March 22.

DAILY SCRAP REPORT: Turkish mills add three cargoes to round off week

Turkish steel producers continued to book scrap at the end of this week, with material from various regions being purchased at fairly stable prices, sources said on Friday March 22.

INDIA IMPORT SCRAP: Prices stable as market pauses for holiday

The price of shredded ferrous scrap was stable this week with many market participants on holiday to celebrate the Holi festival in the country, sources said on Friday March 22.

IRON ORE DAILY: Australian cyclone jitters buoy seaborne prices

Seaborne iron ore prices rose on Friday March 22 after cyclone updates from Australia led to supply concerns and pushed up swaps prices.

Vietnam ferrous scrap prices fall on weak demand, Taiwanese prices rise on higher offers

Import prices for ferrous scrap in Asia moved in different directions this week amid mixed market fundamentals, participants told Fastmarkets on Friday March 22.

COKING COAL DAILY: Prices for China-bound materials soften further

Prices for seaborne coking coal sold to China picked up more downward momentum on Friday March 22 following the conclusion of a transaction below prevailing levels.

Vale gets state agency nod to restart Brucutu iron ore mine

Vale has received the go-ahead from a state agency to restart mining operations at its 30-million-tonnes-per-year Brucutu iron ore mine in Minas Gerais, in southeastern Brazil.