Reduced market liquidity between monthly negotiations and lower offers from China pressured imported flat-rolled steel prices lower in South America during the week ended Friday October 29.Most customers had already satisfied their December needs during the previous week and refrained from ordering more, according to market participants. They were also again weighing the risk that would result fro...Read More
Prices for cold-rolled and galvanized steel sheet in the United States were flat on Thursday October 28, with many market participants relying on existing inventory or foreign steel purchases while they wait for mill prices to drop.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US was unchanged from the previous week at $108 per hundredweight ($2,160 per short ton) on October...Read More
Steel beam prices were flat in the United States' domestic and import markets on Thursday October 28 following three rounds of mill price increases over the summer and bringing a welcome pause to upward pressure in market that has been tightly supplied.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $68 per hundredweight ($1,360 per short ton) on Thursday October 28, unc...Read More
Prices in the Brazilian flat steel market were expected to stabilize following recent discounts made to distributors, according to steelmaker Usiminas.Since September, flat steel distributors have been receiving discounts of 7%, according to Usiminas' commercial vice president, Miguel Homes."We foresee a stability in prices during the fourth quarter [of 2021]," Homes said on Friday October 29.Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More
Brazilian pig iron sellers are more optimistic amid increased demand in global markets, but no deals have been heard in the country's main producing regions.Sellers have been closely watching the improvement in prices of scrap in Turkey and expect further upside. Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $500-510 per tonne on Friday October 2...Read More
The price of UK inter-merchant light-iron steel scrap narrowed on Friday October 29 with the domestic and export markets remaining strong, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?185-195 ($255-268) per tonne on Friday, narrowing from ?175-195 per tonne the week before."It's quite busy. There is a lot...Read More
Global ferrous scrap prices showed varying fortunes in the week ended Friday October 29, with Turkey, India and the United States all reporting stability or prices increases, while the markets in Taiwan, Vietnam and China all weakened.?EUR?Turkish scrap prices remain steady on public holiday?EUR?US export prices rise on tight domestic market?EUR?Vietnam prices affected by falling Chinese market?EU...Read More
Prices for shredded steel scrap imported into Pakistan and India increased on Friday October 29, despite concerns over rising freight costs, sources have told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $563.74 per tonne on Friday, up from $557.48 per tonne on October 22.Deals were heard at $560-565 per tonne this week, u...Read More
The Turkish deep-sea steel scrap import market was inactive on Friday October 29 due to the country's Republic Day holiday, which began on Thursday afternoon and runs through Friday, sources told Fastmarkets.The most recent cargo deal was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10)...Read More
Seaborne low-vol PCI prices in both the fob and cfr markets fell following the drop in thermal coal prices. And China's National Development & Reform Commission intervention, plus the news that stranded Australian coal was allowed to clear Chinese customs, have put market participants in a wait-and-see mode.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $608.12 per tonne, unchange...Read More
Seaborne iron ore prices continued to fall on Friday October 29 after Hebei and Shandong provinces introduced steelmaking production restrictions to curb air pollution, with further emissions limits expected in the winter-heating season from November 1, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $107.28 per tonne, down $5.37 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More
Hot-rolled coil prices in eastern China increased on Friday October 29 on early gains in the futures market and a pick-up in spot buying activity.DomesticEastern China (Shanghai): 5,330-5,340 yuan ($834-836) per tonne, up by 40 yuan per tonneNorthern China (Tangshan) weekly assessment: 5,300-5,350 yuan per tonne, down by 250-270 yuan per tonne The most-traded January HRC futures contract on the Sh...Read More
Base metals prices on the London Metal Exchange were broadly down on the morning of Friday October 29 following a brief rally on Thursday, however all but aluminium look set for a positive monthly close.Aluminum's three-month price was at $2,720 per tonne at 9am on Friday, down by 1% from $2,746.50 per tonne at Thursday's 5pm close. The light metal is the only LME base metal on course for a negati...Read More
Eastern China's rebar prices increased on Friday October 29 on rising end-user demand, narrowing this week's cumulative losses in comparison with those experienced last week.Domestic Eastern China (Shanghai): 5,220-5,250 yuan ($817-822) per tonne, up by 100-120 yuan per tonneNorthern China (Beijing) weekly assessment: 5,150-5,180 yuan per tonne, down by 90 yuan per tonneSpot prices in China's east...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies and Fola...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Zihao Li and...Read More
Fastmarkets has corrected its chromium price, in warehouse Rotterdam, which was incorrectly published on Friday October 29 due to an editing error.The price was also published 13 minutes later than its publication time of 3pm London time.Fastmarkets' weekly price assessment for MB-CR-0001 chromium alumino-thermic 99% min, in-whs Rotterdam, on Friday has been changed to $10,500-12,000 per tonne aft...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More