Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Prices for alloy steel scrap in the UK and Europe were stable this week amid heavily subdued trading and largely flat nickel prices, Metal Bulletin learnt on Friday July 13.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,160-1,180 ($1,354-1,378) per tonne cif main European ports on July 13, unchanged week on week.In the UK, the domest...Read More
Global scrap prices weakened in most markets except Taiwan during the working week from Monday July 9 to Friday July 13, amid sluggish demand in the major regions.Turkey resumed its deep-sea bookings for August deliveries but at lower prices, which sent the US East Coast export prices down, while the weak demand continued to affect prices in India.But import scrap prices into Taiwan remained stabl...Read More
Base metals markets remain jittery following continued rhetoric from US President Donald Trump over trade. Three-month prices on the London Metal Exchange were down by an average of 0.4% as at 7.32am London time on Friday July 13, with copper prices off by 0.1% at $6,210 per tonne.This follows a general day of consolidation and recovery on Thursday when the complex closed with gains averaging 0.8%...Read More
An overview of the battery raw materials markets and their price moves from the past week....Read More
Domestic Chinese battery-grade lithium carbonate prices fell again this week due to lackluster demand from consumers, while hydroxide prices stayed firm although lower offers were reported to Metal Bulletin. Chinese battery-grade lithium carbonate prices continued to fall while hydroxide prices were stable on weak demand. Ample availability and lower prices for battery-grade and technical & i...Read More
The prices for flat steel imported into South America were virtually unchanged this week, on stable offers from China.The import price of hot-rolled coil (HRC) narrowed downward to $630-635 per tonne cfr on Friday July 13, from $630-640 per tonne cfr a week earlier.The price of...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Prices for coated steel coil products in Turkey were stable in the week ended Friday July 13 with demand in the local and export markets being no better than slow, Metal Bulletin has heard.Domestic pricesOne producer in northern Turkey was offering 0.50mm hot-dipped galvanized coil (HDG) at $770 per tonne ex-works.Another northern producer was offering similar product at $785-800 per tonne ex-work...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Chinese steel mills Lianxin Steel and Shandong Laigang Yongfeng have each ordered thermomechanical rebar rolling mills (TMbaR) with capacity for 1 million tonnes per year, equipment manufacturer SMS Group said on Friday July 13."The TMbaR mill for Shandong Laigang Yongfeng's Dezhou site [in Shandong province in eastern China] is part of a capacity conversion program using the electric arc furnace...Read More
Chinese long steelmaker Guangxi Guixin Iron & Steel is to start up a new, more environmentally friendly, electric-arc furnace (EAF) in mid-2019.It will have a tapping weight of 80 tonnes and will replace several smaller EAFs.Guangxi Guixin has a total long steel capacity of 8 million tpy, including 7 million tonnes of bar production and 1 million tpy of wire rod capacity.It runs three 1080 cubic m...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Prices for alloy steel scrap in the UK and Europe were stable this week amid heavily subdued trading and largely flat nickel prices, Metal Bulletin learnt on Friday July 13.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,160-1,180 ($1,354-1,378) per tonne cif main European ports on July 13, unchanged week on week.In the UK, the domest...Read More
Pig iron buyers in the United States did not fulfill expectations and resume their booking activities this week, because bids and offers in the market diverged.Metal Bulletin's price assessment for US pig iron imports was unchanged at $410-415 per tonne cfr on Friday July 13 because no new bookings have been heard.Bids from buyers in the country came at $405 per tonne cfr, $5-10 per tonne...Read More
Brazilian slab export prices widened downward this week with offers and deals for Brazilian material starting to be seen out of the North American market.Metal Bulletin's weekly assessment of Brazilian slab export prices was $520-595 per tonne fob on Friday July 13, compared with $585-595 per tonne fob on July 6.Most of the volumes booked this week were at prices within the range of $585-595 per t...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
The European stainless steel market is quiet and stable, with the slow summer season having fully taken effect this week and participants awaiting the European Commission's (EC) announcement on the possible introduction of safeguarding measures. Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was stable at ?,?1,000-1,050 ($...Read More
Germany's independent competition authority, Deutsches Bundeskartellamt (German Federal Cartel Office), has imposed fines totaling ?,?205 million ($239 million) on "six special steel companies, a trade association and ten individuals" for fixing prices, it said."For years, the companies have coordinated on important price components for the sale of special steel," Bundeskartellamt president Andrea...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More