Prices for carbon steel plate in the United States held steady in a week that ended with SSAB Americas issuing its sixth price increase in five months.Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US was unchanged at $29.50 per hundredweight ($590 per short ton) on Friday October 16. The assessment is down 7.8% in 2020 notwithstanding all the p...Read More
CIS export prices for steel billet inched upward on Monday October 19 amid higher costs for steelmaking raw materials, particularly scrap, Fastmarkets has heard.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was calculated at $410 per tonne on Monday, up by $2 per tonne from Friday.Market participants reported offers within the range of $415-420 per tonne fob Black Sea, against...Read More
The mood in the Northern European hot-rolled coil market remained positive on Monday October 19, supported by good order books at domestic mills, a lack of competitive imports and solid end-user demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?496.67 ($581.72) per tonne on Monday October 19, up by just ?,?0.84 p...Read More
Heinz J??rg Fuhrmann, chief executive officer of German steelmaker Salzgitter, will retire in mid-2021, the company said on Saturday October 17. Fuhrmann will remain in the position of CEO until his employment contract ends on June 30, 2021, the company confirmed. "Chief executive officer Prof Dr-Ing Heinz J??rg Fuhrmann will have reached the...Read More
Offer prices for domestic steel rebar in Russia's Central Federal District around Moscow increased as expected this week, although buyers said it was hard to pass them on to downstream customers, sources said on Monday October 19.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 40,000-41,000 roubles ($514-527) per tonne on October 1...Read More
Domestic prices for ferrous scrap in Italy have been fairly stable over the month to the middle of October, market sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was unchanged over the month at ?,?220-240 ($258-281) per tonne on Friday October 16. The assessment was based on transactions heard in the market....Read More
Prices for steel scrap imported by Turkish steel mills inched back upward late last week after earlier dips, market sources told Fastmarkets on Monday October 19.Higher prices were heard in one booking that came to light late on Friday after the Fastmarkets index calculation had closed for the day, and in another that become known on Monday morning.A steel mill in the Izmir region booked a Baltic...Read More
Domestic ship scrap prices in Turkey have remained stable over the past week despite rising imported scrap values, market sources said on Monday October 19.The mills' buy prices for ship scrap have remained unchanged at $280 per tonne delivered.So Fastmarkets' weekly price assessment for steel scrap, melting scrap from shipbreaking, domestic, delivered Turkey, was $280 per tonne on Monday, unchang...Read More
Seaborne premium hard coking coal prices edged down on Monday October 19 following the sharp falls on Friday and due to a lack of trading activity. Fastmarkets indices Premium hard coking coal, fob DBCT: $117.88 per tonne, down $0.37 per tonne Premium hard coking coal, cfr Jingtang: $130.29 per tonne, down $0.21 per tonne Hard coking coal, fob DBCT: $105.02 per tonne, unchanged Hard coking coal, c...Read More
Seaborne iron ore prices were largely rangebound on Monday October 19, with sentiment still weak, market participants told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.53 per tonne, up $0.45 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.90 per tonne, up $0.26 per tonne58% Fe fines high-grade premium, cfr Qingdao: $110.44 per tonne, up $0.17 per ton...Read More
The world's largest ferrous scrap market is set to get a boost from the impending launch of a futures contract on China's Dalian Commodity Exchange (DCE).The scrap futures contract will be based on shredded scrap, which is one of the key steelmaking raw materials for steel mills in China and can be used by all kinds of furnaces, DCE senior manager Yang Shuai said at an industry conference in south...Read More
Seaborne iron ore pellets performed better than concentrate in the week ended Friday October 16, with import hurdles for Australian coking coal resulting in increased demand for the former, according to sources.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $130.64 per tonne, down $0.40 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $147.32 per tonne, up $3.66 per tonne.Key driv...Read More
China's hot-rolled coil prices were stable in the domestic market on Monday October 19, but some short-selling traders signed deals to Vietnam at prices below the market average.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($580-581) per tonne, unchangedPrices for HRC in the Eastern China region were steady on Monday amid moderate trading, several Shanghai-based traders told Fastmarkets.Down...Read More
Queues that have built up for aluminium at London Metal Exchange-registered warehouses in Port Klang, Malaysia are not structural queues, but reflecting real physical market conditions, the exchange chief executive said. Speaking at the LME Week seminar on Monday October 19, Matthew Chamberlain said the situation is very different to the large queues that built up on the LME network previously. "W...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly firmer this morning, Monday October 19, supported by economic data out of China, especially the 6.9% rise in industrial production, but gross domestic production (GDP) data came in lower than expected.China's GDP climbed by 4.9% in the third quarter, this after a 3.2% rise in the second quarter, it had been e...Read More
Key data from the Friday October 16 pricing session in Shanghai. Key drivers Export price jumps after deals were concluded within the new range. Offers above the latest range were also heard. Domestic market continues to strengthen, which is lending support to the export market. Chinese producers are holding back...Read More
Citic Metal, the exclusive sales agent in China for ferro-niobium from Companhia Brasileira de Metalurgia e Minera????o, has maintained its quarterly price for October-December at 205,000-225,000 yuan ($30,562-33,544) per tonne, flat quarter on quarter, market sources told Fastmarkets. The latest price is equivalent to around $47-51.59 per kg, according to Fastmarkets' calculations. Fastmarkets do...Read More
Hebei Steel, China's second-largest steel mill, has finalized its purchase price for October-delivery silico-manganese at 6,130 yuan ($914) per tonne, market participants told Fastmarkets on Monday October 19. The latest price is 200 yuan per tonne lower than the mill's purchase price of 6,330 yuan per tonne for September-delivery cargoes. The price from Hebei Steel, which is for cargoes delivered...Read More