Export prices for steel rebar and wire rod from Turkey were unchanged over the week to Thursday September 24, despite the limited demand.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was stable week on week at $660-670 per tonne on Thursday.Rebar offers to foreign customers were heard mainly within the range of $665-675 per tonne fob. But aft...Read More
The import pig iron market in the United States was stable in the week to Friday September 24 because of a lack of trading activity, sources told Fastmarkets.Fastmarkets' assessment of the price of pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, unchanged from the previous assessment last week.Offers from suppliers based...Read More
The market for pig iron exports from the south of Brazil has softened because demand has been reported only in China in the week to Friday September 24.Fastmarkets' price assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $480 per tonne on Friday compared with $480-500 per tonne a week earlier.A cargo of pig iron...Read More
Prices moved up in several major Asian import scrap markets in the week to Friday September 24, reflecting moves to replenish stocks at mills in Taiwan and Vietnam as well as fresh domestic scrap price increases in Japan.Turkey stays largely quiet following last week's bookingsUS exporters struggle to source shredded materialVietnam returns for Japan-origin scrap amid demand uptickChina import scr...Read More
Turkish steel mills returned to the deep-sea scrap market on Friday September 24, ending a week-long absence and booking at least one new cargo, market sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic-sea origin cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $434 per tonne and 3,000 tonnes of bonus at $449 per tonne. ...Read More
Prices for shredded steel scrap imports into Pakistan softened during the week to Friday September 24, with Indian scrap also inching lower, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $520.32 per tonne on Friday, down from $526.91 per tonne one week previous, and from $530.42 per tonne one fortnight ago.A dea...Read More
South Korean mills are continuing to scale back their steel scrap imports amid a slide in local steel demand and production stoppages at some electric-arc furnace (EAF) mills, sources told Fastmarkets on Friday September 24.South Korean steelmakers take back-seat while Vietnam ramps-up buyingHigher bids for scrap in China, with restocking efforts stepping upOffers for imported material to China re...Read More
Coking coal prices in the seaborne cfr market were strong on Friday September 24, with views split among market participants over the direction of prices during the upcoming winter season.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $600.82 per tonne, up $1.51 per tonneHard coking coal, cfr Jingtang: $575.23 per tonne, up $25.23 per tonnePremium hard coking coal, fob DBCT: $405.99 pe...Read More
Seaborne iron ore prices increased on Friday September 24 amid more speculative buying activity for low- and mid-grade iron ore fines, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $111.33 per tonne, up by $2.66 per tonne62% Fe low-alumina fines, cfr Qingdao: $113.78 per tonne, up by $4.40 per tonne58% Fe fines high-grade premium, cfr Qingdao: $83.08 per tonne, up by $3.54 pe...Read More
Spot prices for hot-rolled coil in China dropped on Friday September 24 after futures prices fell for a second day on growing demand concerns, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,680-5,720 yuan ($879-885) per tonne, down by 40-60 yuan per tonneNorthern China (Tangshan) weekly assessment: 5,670-5,740 yuan per tonne, widening downward by 30 yuan per tonneThe most-t...Read More
High energy prices and subsequent power-cut plans have been the boosting factors for metals such as tin and zinc on the morning of Friday September 24. Most other London Metal Exchange (LME) prices were close to their Thursday levels.Tin's three-month price soared to a new all-time high of $36,770 per tonne on Friday morning on the LME, a 3.7% rise from its $34,460 per tonne price at the 5pm close...Read More
China's domestic rebar prices ended the week high despite shedding some losses on Friday September 24 amid falling futures.Domestic Eastern China (Shanghai): 5,780-5,820 yuan ($895-901) per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 5,480-5,520 yuan per tonne, up by 180 yuan per tonneRestocking demand continued to drop during the day in the country's eastern region...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday September 24.Jessica Long, Ruby Liu and Carrie...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, in-whs Rotterdam, $/lb...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy 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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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 sulfate...Read More
Spot prices for imported containerized ferrous scrap in Taiwan continued to climb this week amid rising restocking demand, sources told Fastmarkets on Friday September 24.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $463 per tonne on Friday September 24, narrowing upward by $1 per tonne from Thursday, but up by $...Read More
September has been a very eventful month so far for the Chinese silico-manganese and ferro-silicon markets. In the first three weeks, the futures prices for both products kept rising to new heights against market expectations.Market participants have grown antsy in the absence of any indication of a slowdown in this upward momentum. They believe the unprecedented price rally has gone far beyond ma...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 23 that are worth another look.General Motors will double production in two of its Brazilian plants by introducing a second work shift, despite an ongoing global semiconductor chip shortage, the United States-based company's local branch said on Wednesday...Read More