December 2020

Polish plate mill Huta Czestochowa gets new leaseholder [UPDATED]

Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.

Polish plate mill Huta Czestochowa gets new leaseholder

Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.

Hyundai EAF closures boost South Korea steel beam prices

Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.

IN CASE YOU MISSED IT: 5 key stories from December 29

Here are five Fastmarkets stories you might have missed on Tuesday December 29 that are worth another look.

Turkey to start anti-dumping investigation against HRC from EU, sources say

Turkey’s Ministry of Trade will start an anti-dumping investigation against hot-rolled coil imports from the European Union, Turkish sources told Fastmarkets on Tuesday December 29.

China determined to build clean, diversified energy supply system

A whitepaper published by the Chinese government on December 21 entitled “Energy in China’s New Era” underlines Beijing’s determination for the development of a green, low-carbon and sustainable energy sector.

Russia considers export duties on steel billet, rebar

The Russian government is mulling over the introduction of export duties on rebar and billet to combat a sharp rise in domestic long steel prices, Fastmarkets heard on Monday December 28.

China’s coking coal imports down 39.7% in November

China imported 3.72 million tonnes of coking coal in November, down 39.7% from 6.17 million tonnes a year earlier, Chinese customs data showed.

MEIS 2020: Egypt rebar demand underpinned by government projects – El Marakby Steel [CORRECTED]

Egypt’s steel rebar consumption has been weakened this year and could have fallen to 3 million tonnes per year in recent years without government support from various mega projects, Ramy Saleh, chief business development officer at El Marakby Steel said during Fastmarkets’ Middle East Iron & Steel virtual conference on Thursday December 17.

MEIS 2020: HBI supplies to stay tight in 2021

Global supplies of hot-briquetted iron (HBI) are likely to remain limited in 2021, panelists said in an online discussion at Fastmarkets’ Middle East Iron & Steel conference last week, but it could be the key to a green steelmaking future.