The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDG, PPGIHot-rolled coilTurkey, domestic, hot-rolled coil, offered at $525-540 per tonne ex-works, late December-early January production.Turkey, domestic, hot-r...Read More
Import prices for steel billet in Southeast Asia fell further on Friday November 30 amid downward pressure from low-priced Chinese materials, although trading remained at a standstill with buyers and sellers deterred by the drastic price drops.Additionally, the Philippines - a major billet importer - was away from the market due to a holiday on Friday.Fastmarkets' daily price assessment for billet...Read More
China hot-rolled coil exporters continued to drop their offer prices, forced by overseas buyers who have been refraining from buying on bearish sentiment.DomesticEastern China (Shanghai): 3,590-3,610 yuan ($517-520) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,470-3,480 yuan per tonne, down 20 yuan per tonneAlthough prices in eastern China picked up a bit on Friday as some downs...Read More
China's rebar prices dropped in both the domestic and the export markets on Friday November 30, amid low trading activity. Domestic Eastern China (Shanghai): 3,800-3,830 yuan ($547-551) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,520-3,550 yuan per tonne, down 10 yuan per tonneLow rebar futures prices led to little buying interest in the domestic market, pushing down prices. Stock...Read More
South African manganese miner Assmang has declared force majeure on manganese ore shipments from the port of Saldanha, Fastmarkets heard on Friday November 30.Assmang has now joined fellow miner United Manganese of Kalahari (UMK) in making the declaration after South African state transport...Read More
Key data for the pricing session for the week ended Friday November 30. China The domestic ferro-chrome spot price stabilized on thin trading activity and sellers' unwillingness to cut their price further because current levels have been close to their production costs.The imported charge chrome market was lackluster this week while the market digested the consequences of a...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday November 30:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.10-12.30 per lb from $12.00-12.10Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $28.80-29.00 per kg from $28.20-28.65Ferro-molybdenum US 65-70% Mo, $/Ib: $13.10-13.40 per Ib from $12.90-13.30Ferro-tungsten basis 75% W...Read More
Fastmarkets is decreasing the minimum tonnage for its benchmark in-warehouse Rotterdam ferro-tungsten price assessment following a month-long consultation. Fastmarkets' minimum lot size for its in-warehouse Rotterdam ferro-tungsten price assessment is decreasing to 3 tonnes from Wednesday December 5, from 5 tonnes currently. There will be no changes to the publishing time and dates of the assessme...Read More
The pig iron market in the United States was silent in the week ending Friday November 30 because buyers and sells were waiting for scrap price indications for December. Fastmarkets' price assessment for US imports of pig iron was $378-385 per tonne cfr on Friday, unchanged week on week. "The [US] market is very silent with no discussions or bookings this week; hope next week it will be activ...Read More
Brazilian pig iron exporters kept offers unchanged for the week ended Friday November 30 because they have closed their order books for this year. Fastmarkets' weekly price assessment for pig iron exports from the southeastern Minas Gerais region was $350-355 per tonne fob on Friday November 30, widening downward from $355 per tonne fob the prior week.One deal for 30,000 tonnes of pig iron for Jan...Read More
The price of shredded ferrous scrap imported into India fell by almost $10 per tonne this week due to limited trading activity, sources told Fastmarkets on Friday November 30.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $340.75 per tonne cfr Nhava Sheva on November 30. This was down by $9.78 per tonne week on week from $350.75 per tonne cfr on November 23.De...Read More
Turkish steel mills ended the week with no deep-sea scrap bookings amid poor demand for finished products in the domestic and export markets as well as concerns over Asian steel markets, sources said on Friday November 30.After booking three deep-sea cargoes from the United States and the United Kingdom at the end of last week, steel mills in Turkey stepped out of the deep-sea scrap markets.Those...Read More
Prices for light iron scrap in the United Kingdom went down this week by ?10 ($13) per tonne because of softer export prices, sources told Fastmarkets on Friday November 30.The move followed a drop in European export prices to the major destination of Turkey, whose steel mills have been battling tough competition in the Asian markets, as well as a domestic slowdown.Prices in other key European ex...Read More
Seaborne iron ore prices weakened on Friday November 30 with market participants remaining cautious in their trading activity.MB 62% Fe Iron Ore Index: $65.95 per tonne cfr Qingdao, down by $0.56 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.22 per tonne cfr Qingdao, down by $0.56 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $68.76 per tonne cfr Qingdao, down by $0.54 per tonne.MB 58% Fe P...Read More
Base metal stocks on the Shanghai Futures Exchange were broadly lower week on week on Friday November 30, with zinc stocks hitting a fresh nine-year low. Deliverable zinc stocks at SHFE-approved warehouses dropped 8,673 tonnes or 24.5% from November 23 to 26,779 tonnes. This week, R&S Logistics in Shanghai saw the most stock leaving its sheds - 4,100 tonnes of the metal was delivered out of t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday November 30*Copper -$183.58 (-1,277.60 yuan) Aluminium -$453.52 (-3,156.20 yuan) Zinc -$93.99 (-654.12 yuan) Nickel $475.89 (3,311.87 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Key data from the Friday November 30 pricing session in London. Key drivers - The gallium price reached its lowest since January 2018, reflecting oversupply, with buyers remaining on the sidelines of the market amid bearish sentiment. The picture has changed after the price firmed in September - it was at $200-215...Read More
Fastmarkets MB will change the names of its benchmark in-warehouse Rotterdam price assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under the names 'low-grade' and 'high grade' will be Friday December 28. Prices will be published under thei...Read More
The following Fastmarkets minor metals prices changed on Friday November 30:Minor metals Antimony MB free market regulus, $/tonne: $7,900-8,100 per tonne from $8,000-8,200Chromium MB free market alumino-thermic, $/tonne: $10,450-10,700 per tonne from $10,700-11,100Cobalt MB free market high grade, $/lb: $31.80-32.60 per lb from $32.40-33.35Cobalt MB...Read More
The domestic markets for indium, bismuth and germanium in China have been staging a recovery this year, delegates to this week's 2018 Chinese Minor Metals Forum in Kunming were told.This recovery was supported by supply disruptions arising from environmental inspections of production units, producers' low profit margins and an uptick in demand, speakers said on Wednesday November 28.Indium support...Read More