December 2022

Slim European producer profits putting floor under FeSi price

European ferro-silicon producers, currently making slim profit margins amid cost pressures and subdued demand, are expected to resist any further downward market pressure and put a floor under domestic prices in the near term, according to trade sources.

US import pig iron prices strengthen on positive market sentiment

Prices for import pig iron in the United States rose in the week to Friday December 30 on reduced stocks and expectations of higher scrap and steel prices in early 2023.

Turkish flat steel market stable in the last working days of the year

The flat steel market was stable in Turkey during the week to Friday December 30, with little buying activity due to the holiday season in most global markets, sources told Fastmarkets.

Black Sea export pig iron market quiet due to holiday period, more attractive slab market

The Black Sea pig iron market, which now is covered only by Russia, was quiet during the week to Thursday December 29 amid the end-of-year holiday period, with some suppliers focused on the slab market.

Premium hard coking coal FOB price jumps on latest trade, limited cargoes

Premium hard coking coal price in the FOB Australia market jumped on Friday December 30 following a trade and limited offers in the spot market, sources said.

High-grade iron ore prices up on futures market gains; premiums unchanged

Seaborne high grade iron ore premiums were relatively unchanged in the final week of 2022 due to slow trading activity, with the exception of offers for India-origin pellets, sources told Fastmarkets.

Indian mills likely to raise domestic HRC prices by $12-18 per tonne in January

Indian mills are likely to increase domestic hot-rolled coil prices by 1,000-1,500 rupees ($12-18) per tonne for January sales, citing rising international prices of HRC and higher raw material costs.

China’s domestic steel scrap prices rise due to Covid-19 disruptions

China’s domestic steel scrap prices rebounded in the week to Friday December 30 due to a rise in Covid-19 cases in the country that has slowed scrap collection, processing and transportation, market participants said.

China's coking coal imports drop 26% in November

China imported 5.73 million tonnes of coking coal in November 2022, down by 26% year on year, and 7.7% month on month, data from China customs authority showed.

Chinese HRC prices rise on final trading day of 2022

China’s domestic hot-rolled coil prices rose on Friday December 30, after futures prices for the flat steel product hit a two-week high on the final trading day of 2022.