January 2021

DAILY STEEL SCRAP: Mills retreat from deep-sea markets due to weak rebar, billet demand

Turkish steel producers continued to hold back from deep-sea scrap purchases at the start of this week amid limited demand for rebar and billet, market participants said on Monday January 25.

TURKEY DOMESTIC STEEL SCRAP: Downturn in import values drags domestic prices lower

Turkish domestic scrap prices have fallen sharply over the past week, following the downward trend seen in the deep-sea scrap import markets, sources said on Monday January 25.

COKING COAL DAILY: Premium fob price skyrockets; could be weather fears

Seaborne premium fob index skyrocketed on Monday January 25 following two higher transactions during the day, while the premium cfr price increased on latest transactions also, sources said.

IRON ORE DAILY: SGX 65% Fe contract monthly traded vol surpasses 6 mln t

The Singapore Exchange’s (SGX) 65% Fe iron ore derivatives contract - which is settled against Fastmarkets’ daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao - set a new record for traded volumes at 6.19 million tonnes so far in January, SGX data - published on Monday January 25 - shows.

Iron ore concentrate prices inch up on tight supply, steady demand

Prices for seaborne iron ore concentrate increased again in the week ended Friday January 22, supported by tight supply and strong demand for high-grade products amid steelmaking restrictions to cut emissions.

STEEL SCRAP WRAP: Buyers back away amid global price collapse

Buyers of steel scrap in global markets were holding back from purchasing new cargoes in the week to Friday January 22, amid a sharp decline in prices and with more material being offered, and were hoping to re-enter the markets only after they have hit a bottom.

UK STEEL SCRAP WEEKLY: Light iron price range widens as exports weaken

The price range for UK-origin light iron has widened downward in the week ending Friday January 22, with the lower end of the range falling because weaker export prices into traditional markets have put pressure on domestic prices in Britain, trade sources said.

CIS PIG IRON: Market softens on buyers pessimism

The export market for pig iron from the Commonwealth of Independent States softened during the week to Thursday January 21 on buyers’ pessimism amid a falling scrap market, sources told Fastmarkets.

SOUTH ASIA STEEL SCRAP: Prices tumble by more than $50 per tonne after market correction

The price of shredded steel scrap imported into India and Pakistan plunged by more than $50 per tonne on Friday January 22, following a sharp correction in the international scrap market, sources told Fastmarkets.

DAILY STEEL SCRAP: Prices fall in silent deep sea market, further falls expected next week

Turkish steelmakers continued to hold back from deep-sea scrap purchases at the end of the week, due to poor sales of finished long steel and billet, sources said on Friday January 22.