February 2024

Taiwanese steel mills cautious in scrap importing amid bearish rebar market, lower US offers

Sentiment in the steel scrap import market in Taiwan was bearish on Thursday February 22.

Asian steel billet prices flat amid weak sentiment

Prices of steel billet in Asia remained steady in the week to Thursday February 22 due to weak sentiment following a dip in Chinese ferrous futures earlier in the week.

Chinese domestic rebar prices drop on weak demand

China's domestic rebar prices moved down on Thursday February 22 due to weak demand amid inclement weather and bearish sentiment among market participants, sources told Fastmarkets.

Chinese HRC prices fall on inventory increase

China’s domestic spot hot-rolled coil prices moved lower on Thursday February 22 amid continued weakness in demand and higher inventories, sources told Fastmarkets.

Southern European long steel prices flat, scrap feedstock costs start to fall

Steel rebar prices in the Italian market were stable in the week to Wednesday February 21, amid slow trading.

Open consultation on methodology for Fastmarkets’ iron ore indices: pricing notice

Fastmarkets is inviting feedback from the industry on the pricing methodology for its iron ore indices, as part of its announced annual methodology review process.

Spot steel inventories in China rise to 5-month high in early Feb due to holiday

Inventories of major finished steel products across major spot markets in China rose to the highest in five months by early February, with demand softening in the run-up to the Lunar New Year holiday from February 10-17, market participants told Fastmarkets.

Four key critical minerals in China likely to be under the spotlight at AFA 2024

Manganese, chrome, tungsten and vanadium will be key topics of discussion at Fastmarkets' upcoming Asia Ferroalloys Conference 2024 in Hong Kong on February 26-28, after appearing on China's latest list of critical minerals.

China's domestic stainless steel prices edge down on weak demand

China’s domestic stainless steel prices dropped slightly over the week ended Wednesday February 21 amid low trading activity, sources told Fastmarkets.

Further scrutiny on UAE ferrous scrap exports to affect domestic prices: sources

A further squeezing of ferrous scrap exports from the United Arab Emirates led market sources in the country to expect further declines in domestic prices in the coming weeks, Fastmarkets heard in the week to Wednesday February 21.