FastMarkets

CHINA STEEL SCRAP: Possible price peak, futures plunge keep buyers away - sources

Plunging steel futures and physical prices in China kept buyers away from the import markets on Friday March 5, industry sources told Fastmarkets.

WEBINAR: What does China's restart to scrap imports mean for global markets?

Join Fastmarkets and steel industry experts on Wednesday March 10 for a special webinar on the revival of the Chinese steel scrap import market - ‘Understanding China's Steel Scrap Market...

FOCUS: Key effects of China's latest industrial crackdown in Tangshan on steel sector

A crackdown on industrial activity in Tangshan, China’s steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.

PRICING NOTICE: Proposal to launch standalone iron ore pellet premium index

Fastmarkets is proposing to launch a weekly iron ore pellet premium index to reflect the spot premium that "tier one" pellets achieve to its 65% Fe fines index on a...

Pakistan to use Fastmarkets' ferrous scrap index for customs valuations

Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.

VIETNAM STEEL SCRAP: Buyers shun imports on narrow scrap-billet spreads

Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high...

China's steel mills look elsewhere for contractual supplies after ‘unpredictable politics’ disrup...

China's “unpredictable political moves” in relation to coking coal from Australia has driven some Chinese steel mills to increase their contractual supplies of the steelmaking raw material from elsewhere, sources...

Strong oil prices, high vessel demand boost bulk freight rates

A sustained rally in oil prices has contributed to a recent spike in freight rates for bulk shipments of steel products, sources told Fastmarkets on Tuesday February 23.

CHINA STEEL SCRAP: Steelmakers look to restock after long holiday

Chinese steelmakers looking to replenish steel scrap stocks after returning from their new year holiday on Thursday February 18, have raised bid prices for both domestic and imported material, sources...

COMMENT: What China's possible steel export rebate cuts mean for businesses around the world

A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or...