Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday December 28, with most of the complex trading in narrow ranges while both lead and tin futures climbed more than 1% over the afternoon.Lead's three-month price was the best performer over the afternoon, climbing 1.5% and trading at its highest level since October 17. By contrast, zinc's three-month pr...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Glencore-owned Access World has delisted eight of its LME-registered warehouses this week, according to a notice to members on Friday December 28, continuing its move beyond LME storage amid its company-wide diversification strategy. Access World delisted four of its warehouses in Chicago yesterday, leaving just one remaining in the region, and has since delisted two sheds in Singapore and two mor...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The Chinese Smelters Purchase Team (CSPT) is to raise its treatment and refining charges (TC/RCs) purchase price for the first quarter of 2019 to $92 per tonne and 9.2 cents per lb, sources with direct knowledge of the matter told Fastmarkets MB. This represents an $2 rise on the fourth quarter rate of this year and was set by CSPT in Shanghai on Thursday December 27."Demand is expected to be...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. See also:2018 REVIEW: Eight things that changed in the minor...Read More
Global ferrous scrap prices were mostly little-changed during the week ended Friday December 28 due to illiquid spot trading. The thin liquidity was caused by the year-end holiday season, when most market participants had already left the spot market for their vacations. Key import markets such as Turkey, Taiwan and Vietnam did not see many negotiations for ferrous scrap. Demand is expected t...Read More
The price of shredded ferrous scrap imported into India continued on a downward trend due to the year-end demand lull, market participants said on Friday December 28.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was calculated at $325.74 per tonne cfr Nhava Sheva on December 28, down from $331.98 per tonne cfr Nhava Sheva on December 21. "There are limited pa...Read More
The Turkish deep-sea scrap import markets continued to be quiet at the end of the week amid the holiday period, sources said on Friday December 28.Offers for HMS 1&2 (80:20) were reported around $290 per tonne cfr from European suppliers, while offers from other sources were at around $295-300 per...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Chinese domestic spot battery-grade lithium carbonate prices were stable in the week ended Thursday December 27, with buyers in no hurry to make any purchases ahead of the New Year holiday. Lithium hydroxide prices in the country were similarly unchanged because consumers had no immediate need to restock.Battery-grade lithium carbonate prices unchanged amid holiday lull.Lithium hydroxide prices fl...Read More
Prices for coated-steel coil products in Turkey were mostly stable in the week to Friday December 28 amid continued limited demand.Last week's price cuts did not help improve buying, sources told Fastmarkets MB, because buyers usually postpone booking toward the end of the year to avoid building up inventories. Domestic prices One producer in northern Turkey was still offering 0.5mm hot-dippe...Read More
Domestic prices for steel coil products in Turkey fell this week on continued slow demand, sources told Fastmarkets on Friday December 28."Buyers are not willing to book despite low stock levels," a source told Fastmarkets MB. "The first quarter of 2019 will also be slow for steel trading."Fastmarkets MB's weekly price assessment for Turkish domestic hot-rolled coil (HRC) was at $500-510 per tonne...Read More
China's hot-rolled coil (HRC) prices dipped on Friday December 28, although trading was moderate because downstream demand was stable, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($535-538) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, down 10 yuan per tonneThe dominant price range in Shanghai was 3,690-3,700 yuan per t...Read More
Indian domestic secondary billet prices rose by at least 600 rupees ($9) per tonne over the past week on sustained buying by long product makers and improved trading.Fastmarkets MB assessed the Indian secondary billet price at 31,200-31,400 rupees ($446-449) per tonne ex-mill on Thursday December 27 - an increase of 600 rupees per tonne compared with 30,600-30,800 rupees...Read More
Large investment into construction, power and transport in North Africa will support further steel demand growth in the region but not significantly, Fastmarkets heard at the 22nd Middle East Iron and Steel Conference in Dubai on December 10-12.In North Africa, there are major infrastructure projects - either under construction or still in the planning stages - with investment totaling close to $6...Read More
China's rebar prices were flat on Friday December 28 in both the domestic and the export market,even though futures saw slight gains. Domestic Eastern China (Shanghai): 3,760-3,800 yuan ($547-553) per tonne, unchangedNorthern China (Beijing): 3,630-3,670 yuan per tonne, unchangedTrading activity was slow ahead of the year end. Weaker futures also resulted in participants taking a wa...Read More
Global ferrous scrap prices were mostly little-changed during the week ended Friday December 28 due to illiquid spot trading. The thin liquidity was caused by the year-end holiday season, when most market participants had already left the spot market for their vacations. Key import markets such as Turkey, Taiwan and Vietnam did not see many negotiations for ferrous scrap. Demand is expected t...Read More