March 2024

Steel scrap import offers rise; Vietnamese mills not chasing higher prices

Most bulk steel scrap suppliers raised import offers to Vietnam in the week ended Thursday March 28 on limited spot availability, but weak downstream demand kept domestic buyers on the sideline, sources told Fastmarkets.

Southeast Asian steel mills reduce scrap intake amid sluggish local steel demand

Southeast Asian — Indian, Pakistani and Bangladeshi — steel mills reduced their intake of imported steel scrap in the week to Thursday March 28, mainly due to prevailing bearish sentiments in their respective countries, sources told Fastmarkets.

Brazil continues pig iron sales to US amid improved sentiment

Pig iron exporters from Brazil continued to make sales to the US in the week to Thursday March 28, with sources expecting the market level to increase in the next round of deals due to improved market sentiment.

Russian pig iron export price rise amid resumption of sales to Italy, Turkey

Pig iron export prices out of Russia pushed up in the week to Thursday March 28, mainly due to the resumption of sales to Italy and Turkey, sources told Fastmarkets.

Turkish steelmakers book more deep-sea scrap, prices edge higher

Turkish steel mills continued to book deep-sea steel scrap at steady prices, despite demand for finished long steel products remaining poor in Turkey's domestic and export markets, sources told Fastmarkets on Thursday March 28.

Seaborne iron ore prices largely stable; concentrate premiums drop on weak demand

Seaborne iron ore prices were largely stable on Thursday March 28 in line with futures and swap prices, while mid-grade iron ore fines and high-grade concentrates were traded in lower price premiums in the seaborne spot market, sources told Fastmarkets.

Asia coking coal prices rise slightly following trade for Australian prime hard coal

Asian coking coal prices increased slightly on Thursday March 28 after a new trade was concluded, market sources told Fastmarkets.

Seaborne high-grade pellet premium down further amid weak demand, good supply

Seaborne high-grade iron ore pellet premium decreased further in the week to Thursday March 28 amid tepid demand from Chinese buyers, sources told Fastmarkets.

China pig iron import price continues downtrend on weak downstream demand

The Chinese import price for basic pig iron fell in the two weeks to Thursday March 28 amid weak downstream demand, sources told Fastmarkets.

Scrap trading in Taiwan slows on limited demand at month-end

Imported scrap prices to Taiwan held firm for most of the week amid an active local rebar market, which then slowed on Thursday March 28 due to limited demand for the material at the end of the month.