December 2020

US hot-rolled coil closes 2020 at $51.50/hundredweight

Hot-rolled coil prices in the United States reached the highest level seen all year – and in more than 12 years – on the final day of 2020.

SOUTH ASIA STEEL SCRAP: Liquidity crunch hits import prices

A liquidity crunch in India halted gains in the price of shredded steel scrap imported into India and Pakistan in the week to Thursday December 31, market sources told Fastmarkets.

Global pig iron market stays strong at year end, but activity limited

The global pig iron market remained strong, but activity was limited during the week to Thursday December 31 due to the end-of-year holiday period.

CIS STEEL BILLET: Market quiet during holiday period

The export steel billet market in the Commonwealth of Independent States fell quiet on Thursday December 31 amid a pre-holiday lull in the region and in consumer markets, sources told Fastmarkets.

Q4 iron ore DR pellet premium flat but will double in Q1 with lower Q2 correction

The premium for direct-reduced (DR) iron ore pellet for the fourth quarter of 2020 was unchanged at $24 per tonne, but it will double in the first quarter of 2021 with a possible downward correction in the second quarter of 2021, sources told Fastmarkets.

DAILY STEEL SCRAP: Turkish market remains silent due to holiday period

The Turkish deep-sea ferrous scrap market continued to be quiet due to year-end holidays, sources said on Thursday December 31.

Indian mills to increase domestic HRC prices by at least $41/t in Jan

Indian mills are aiming to increase domestic hot rolled coil (HRC) prices by at least 3,000 rupees ($41) per tonne over the month of January, Fastmarkets heard on December 31.

EGYPT STEEL BILLET, REBAR: All prices increase, but demand weak

Steel billet and reinforcing bar prices have increased again in Egypt for the week ended Thursday December 31, but demand remains weak due to the year-end lull in business, market sources told Fastmarkets.

TURKEY COATED FLAT STEEL: Weak buying stalls price action

Steel coated coil prices were unchanged in Turkey’s local market over the week due to low demand during the last week of the year, sources told Fastmarkets on December 31.

PRICING NOTICE: Correction to iron ore implied pellet premium over 65% Fe Brazil-origin fines

Fastmarkets has corrected its weekly iron ore implied pellet premium over 65% Fe Brazil-origin fines index, which was published incorrectly on Thursday December 31 due to a calculation error.