Prices for low-copper, high-silicon secondary aluminium alloys - 356.1, A360.1 and A413.1 - climbed further on Thursday September 9; prices breached all-time highs in June and have continued to rise since then. Spot activity was thin in the week because buyers had locked up their needs the previous week ahead of the long weekend for the United States Labor Day holiday, but producers increased pric...Read More
Smelter-grade aluminium scrap prices in the United States rose week on week in the wake of an upswing in futures prices on the London Metal Exchange and reports of increased export activity.This pushed Fastmarkets' assessment for aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters up by 2 cents per lb to a range of 74-77 cents per lb on Thursday September...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
Raw material costs drove aluminium primary foundry alloy (PFA) premiums higher in Europe on Friday September 10, while the premium in the United States was flat.EuropeFastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at a fresh all-time high of $550-620 per tonne on Friday from $510-550 per tonne on August 13.Fastmarkets also assessed the monthly alumin...Read More
The zinc concentrate market remained broadly stable in the fortnight to Friday September 10, with smelters and traders reporting a quiet period but also a continued uptrend on treatment charges since August.Zinc spot concentrate TC, cif China was assessed at $75-92 per tonne on Friday, with the top end of the range rising by $2 since August 27.Smelters had reserved enough concentrate for the...Read More
Wait times to deliver aluminium out of London Metal Exchange warehouses in Johor and Port Klang, Malaysia fell during August to a 47-day delivery wait time for copper, zinc and lead in Johor by the end of the month, according to the LME's latest report. The 47-day queue at Johor's Istim warehouses is down from 78 days for aluminium deliveries out of the warehouse in July.For zinc, copper and lead...Read More
Base metals inventories in Shanghai Futures Exchange-registered warehouses were mixed this week, with nickel registering the biggest rise, up 44.7%, while copper declined the most, down by 12%, according to the SHFE stocks report on Friday September 10.Nickel stocks were up by 2,658 tonnes week on week to 8,608 tonnes. The largest inflow was at the Zhongchu Dachang warehouse in Shanghai, where nic...Read More
Import prices for flat-rolled steel were mostly up in the week ended Friday September 10 in South America, with higher freight rates the main contributing factor, according to market participants.Freight was reportedly increasing by $10-15 per tonne on routes from China to South America, although this was not confirmed due to market illiquidity.Offers from China remained scarce, and customers in S...Read More
Prices for hot-rolled coil in the United States ended the week to Friday September 10 by retreating below $97 per hundredweight, maintaining an roller-coaster pattern seen since late August.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.83 per hundredweight ($1,936.60 per short ton) on September 10, down by 0.29% from $97.11 per cwt on Thursday September 9, and d...Read More
Steel mill shipments in the United States increased modestly month on month and significantly year on year for the third month in a row in July, with year-to-date volumes also higher compared with the first seven months of 2020.US steel mills shipped 8.28 million net tons in July, up by 3.08% from 8.03 million tons in June and up by 37.17% from 6.04 million tons shipped in July 2020, according to...Read More
Turkish flat steel re-roller and coated steel producer Bor??elik has received a loan of ?,?10 million ($11.82 million) from the ING Turkey Bank, a company source told Fastmarkets on Friday September 10.The loan will be used in the reduction of carbon emissions, by cutting the energy consumption of the plant, and was scheduled to be paid back in two years' time.The move came...Read More
Coated steel coil producers gave further discounts to their buyers in Turkey during the week to Friday September 10, amid declining hot-rolled coil prices and weak demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $920-950 per tonne on Friday, down $30-40 from $950-990 per tonne previously.Domestic pricesFastmarkets assessed s...Read More
Most flat steel prices in Turkey declined further during the week to Friday September 10, with buyers opting to wait for prices to stop falling before placing big orders, market participants said.The price moves are in line with weak global markets, which slumped further this week.Fastmarkets assessed steel HRC, export, fob Black Sea, CIS at $865-885 per tonne on Monday September 6, down $15 from...Read More
The monthly ferrous scrap settlement in the United States has barely concluded and market participants are already looking ahead to what is in store for October. There is pessimism brewing on the next direction of prime scrap, yet optimism is brightening the outlook for secondary grades such as shredded scrap.Usually in a downward market, mills drag out their entrance to psychologically push senti...Read More
Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More
The light-iron scrap market in the United Kingdom was steady during the week to Friday September 10, stabilizing losses from the week prior on persistent tight availability, despite slower export markets to deep-sea destinations, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant, UK was ?170-185 ($235-255) per tonne...Read More
Prices for shredded steel scrap imports into Pakistan inched upward in the week to Friday September 10, supported by healthy demand, sources told Fastmarkets.Prices in India showed small week-on-week rises but have fluctuated in narrow ranges through the week, with trading activity limited.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at...Read More
Fastmarkets' Ferrous Analytics report helps subscribers...Read More
Turkish steel producers have ended the working week with more bookings for October shipments, market participants said on Friday September 10.A steel mill in the Iskenderun region booked a Baltic Sea cargo comprising heavy melting scrap 1&2 (80:20) at $445 per tonne and bonus at $460 per tonne cfr. The cargo breakdown was not clear at the time of publication.There was also talk of two more sales f...Read More
Premium hard coking coal prices jumped on Friday September 10, with offers rising to $335 per tonne fob Australia, and market sources blaming tight supply for the increase.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $480.65 per tonne, up by $4.17 per tonneHard coking coal, cfr Jingtang: $444.04 per tonne, up by $1.76 per tonnePremium hard coking coal, fob DBCT: $333.12 per tonne, up...Read More