CIS export prices for steel slab inched downward in the week ended Monday January 15, with lower offers and bids being heard in the market.There were few slabs offers in the Black Sea basin because February-rolling material from Ukraine was not available, Fastmarkets learned.One slab offer from a Russian supplier in the Black Sea basin was reported at $410 per tonne fob.At the same...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletOman, export, billet, offered...Read More
Definitive measures proposed by the European Commission (EC) in the region's safeguard case against steel product imports are unlikely to have any major effect on Europe's imports of flat steel, market sources have told Fastmarkets.The only exception would be in the hot-dipped galvanized coil (HDG) sector, where the EC decided to split its originally proposed product category into two sub-groups,...Read More
The negative sentiment in the global long steel market has forced rebar and wire rod producers in the Commonwealth of Independent States (CIS) to cut prices to attract foreign customers.The ongoing weakening in the Turkish domestic and export long steel prices - particularly in rebar - amid soft domestic demand in Turkey, as well as in the United States and Europe, formed some of the driving force...Read More
The export market for hot rolled coil (HRC) from the Commonwealth of Independent States (CIS) has stabilized as prices approach levels workable for buyers, sources told Fastmarkets on Monday January 14. Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was stable at $440-460 per tonne fob Black Sea on January 14. "The market looks more stable now. Buyer...Read More
Prices for 62% Fe iron ore were largely rangebound on Tuesday January 15, while those for lower grades rose further.MB 62% Fe Iron Ore Index: $73.78 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Pilbara Blend Fines Index: $73.92 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $75.50 per tonne cfr Qingdao, unchanged. MB 58% Fe Premium Index: $65.59 per to...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Global Ore, 170,000 tonnes of 65% Fe Iron Ore Carajas, traded at $88.10 per tonne cfr China, bill...Read More
Prices in the seaborne hard coking coal market continued to descend on Tuesday January 15, with participants on the fence about whether they have bottomed out.Two cargoes of premium hard coking coal with laycan set for February and March respectively were traded around $189-190 per tonne cfr China, various sources told Fastmarkets."At this level, it is difficult for prices to go up or down further...Read More
China's ferrous futures fell across the board during morning trading on Tuesday January 15 apart from the coke contract, which ended the session slightly higher.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,523 yuan ($521) per tonne, down 27 yuan per tonneMay hot rolled coil: 3,411 yuan per tonne, down 27 yuan per tonne Dalian Commodity Exchange May iron ore: 509....Read More
China's hot-rolled coil prices dropped on Tuesday January 15 on declining futures, though exporters maintained their high offers amid a stronger yuan.DomesticEastern China (Shanghai): 3,620-3,640 yuan ($535-538) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, down 30 yuan per tonnePrices in the spot market dropped after a weakening of the futures market durin...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday January 11.China ?EUR? The price for exported grade-553 silicon in China was unchanged for a sixth consecutive week amid thin inquiries.?EUR? Some Chinese exporters had raised their offer prices due to the strengthening of the yuan against the dollar, but no deals were concluded in the week ended Jan...Read More
UG2 chrome ore prices showed signs of improvement for the first time since October due to strengthening currencies in the week ended Friday January 11. UG2 prices tick up for the first time since OctoberChinese domestic ferro-chrome stalls, charge chrome inches lowerAlloy prices flat in Japan, South KoreaEuropean alloy prices under pressure UG2 chrome ore prices edged higher on Friday due to the...Read More
In China, the falling alloy market weighed on manganese ore prices, especially for lower-grade material, in the week ended Friday January 11, while the silico-manganese price in India increased. Price of 37% manganese ore, fob, falls by 35 cents per dmtuOre and alloy prices weaken in ChinaSilico-manganese price moves up in India, down in USAlloy prices in Europe unmoved78% FeMn market in US ticks...Read More
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Wednesday January 16, with prices up by an average of 0.8%. This after further temporary stimulus measures from China gave sentiment a boost. Zinc led the advance with a 1.7% increase to $2,497 per tonne, followed by copper that was up by 1.1% at $5,973 per tonne. Tin was the laggard with a 0.1%...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.First Data gained $3.50 to $20.99 and Fiserv dropped $3.44 to 71.60. Fiserv has offered to acquire First Data (FDC $) in a share exchange valued at $22 billion. Each share of First Data will convert into 0.303 shares of Fiserv.United Continental (UAL $81.20) is expected to open higher afte...Read More
Base metals prices on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday January 14, with investors continuing to limit commodity investment after weak Chinese export data fueled concerns of a slowdown in global economic growth.The three-month lead price fell furthest over the afternoon and remained in negative territory, trading at less than $2,000 per tonne...Read More
KGHM Polska Miedz's Rudna copper mine, Europe's largest copper ore mine, has suspended part of its operations following a fatal earthquake in the southwest of Poland last weekend, Fastmarkets learned.One of the branches, called G-7, has been closed while the rest of the operation continues with production, KGHM spokeswoman Anna Osadczuk said on Monday, without disclosing an estimate on the affecte...Read More
Base metals on the London Metal Exchange were collectively lower during morning trading on Monday January 14, weakened by poor economic data from China at a time when global trade uncertainty continues to dampen risk appetite. Worst affected, zinc's three-month price was down by just over 1% this morning, falling to an intraday low of $2,455.50 per tonne despite a continued drawdown in LME stocks,...Read More
KGHM Polska Miedz's Rudna copper mine, Europe's largest copper ore mine, has suspended part of its operations following a fatal earthquake in the southwest of Poland last weekend, Fastmarkets learned.One of the branches, called G-7, has been closed while the rest of the operation continues with production, KGHM spokeswoman Anna Osadczuk said on Monday, without disclosing an estimate on the affecte...Read More
Much has been said of a potential increase in tellurium prices after concerns about a tellurium deficit in 2020 were raised in recent months; but despite firm demand from the solar industry, there are no clear indicators that prices will peak anytime soon due to current market dynamics. Robust solar demand The main driver of increased tellurium consumption is the growth in the cadmium telluride ph...Read More