Coated steel coil prices in Turkey continued to decline during the week to Friday September 3 on persistently slow demand and weaker hot-rolled coil prices, sources told Fastmarkets.Fastmarkets assessed steel hot-rolled coil, domestic, exw Turkey at $950-990 per tonne on Friday, narrowing downward by $10 from $950-1,000 per tonne last week.Domestic pricesFastmarkets' weekly price assessment for st...Read More
Prices for shredded steel scrap into Pakistan and India remained steady in the week to Friday September 3 after trading activity returned, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $524.96 per tonne on Friday, compared with $525.57 per tonne the previous week.At the start of the week, deals were heard at $51...Read More
Seaborne iron ore prices rebounded on Friday September 3 following an uptick in China's steel market, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $144.71 per tonne, up $2.69 per tonne62% Fe low-alumina fines, cfr Qingdao: $145.30 per tonne, up $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $114.54 per tonne, up $2.52 per tonne65% Fe Brazil-origin fines, cfr Qi...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5...Read More
Turkish steel producers returned to the deep-sea scrap market to book several cargoes on the last working day of the week, market participants said on Friday September 3.Market sources reported a deal for a Venezuela-origin cargo, which was booked on September 2 by a Turkish mill in the Iskenderun region, comprising 25,000 tonnes of heavy melting scrap 1&2 (80:20) at $444 per tonne for Octobe...Read More
Taiwanese steel mills have shifted their buying focus toward bulk Japanese H1&H2 (50:50) scrap in light of the shortage of containerized heavy-melting scrap (HMS) 1&2 (80:20) from the United States West Coast.Bids increased to $465-468 per tonne cfr Taiwan on Friday September 3, up from $460-465 per tonne cfr Taiwan mid-week.There was a transaction concluded at $465 per tonne cfr Taiwan earlier in...Read More
China's domestic rebar prices maintained the upward trend on Friday September 3, with demand picking up ahead of the weekend.DomesticEastern China (Shanghai): 5,270-5,300 yuan ($816-820) per tonne, up by 50-60 yuan per tonneNorthern China (Beijing) weekly assessment: 5,140-5,170 yuan per tonne, up by 120-130 yuan per tonneBuyers raised procurement rates for consumption in the coming weekend, pushi...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
Billet prices in Turkey decreased in the week to Friday September 3 amid weak market fundamentals including limited demand, falling import scrap costs and lower finished long steel prices both domestically and in export markets, sources told Fastmarkets.Fastmarkets' calculation of the index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $441.74 per tonne on Tuesday,...Read More
The European steel hot-rolled coil market was quiet and lacking in direction on Friday September 3, with buyers and mills split on the future trend of prices, Fastmarkets heard.Producers in Northern Europe and Italy said they were sold out until the end of 2021, with some even booked for the first quarter of 2022, so are in no rush to reduce prices. In addition, if the European Union and the Unit...Read More
Fastmarkets copper concentrate processing charges continued to rise in the week to Friday September 3.Copper smelters were buying a few spot parcels of concentrates, Fastmarkets heard, with transactions for October cargoes heard at $60s per tonne for standard clean concentrates.Miners have put more tonnages onto the spot market for sale. Some Escondida and Toromocho parcels were...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Recent weeks have brought two key developments with regard to trade policy on stainless steel products that will be to the detriment of consumers.In China, the country's stainless steelmakers no longer enjoy a 13% export rebate as of May 1, reducing greatly their incentive to export and instead leading them to focus on supply...Read More
Key data from Fastmarkets' pricing sessions in India, Europe, China and the United States on Friday September 3.ChinaSpot silico-manganese and ferro-manganese prices surged, with looming supply concerns after Guangxi province ordered production restrictions early in the week. The strong performance of silico-manganese futures increased bullish sentiment.Hebei Iron & Steel Group (HBIS) set its...Read More
Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Spot differentials for low-carbon aluminium value-added products (VAP) in Europe moved higher in August, but most market participants remain focused on 2022 deals.Fastmarkets assessed the aluminium low-carbon differential value-added product (VAP), Europe at $15-25 per tonne Friday September 3, up from $10-20 per tonne on August 6. Spot deals were reported at $20 per tonne for aluminium billet and...Read More
The market for pig iron imports in the United States went down during the week to Friday September 3 on active bookings at lower prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $530-535 per tonne on Friday, down from $545-550 per tonne cfr a week before.Russia-origin pig iron was booked at $530-535...Read More