Steel scrap prices in the key global markets moved down over the week to Friday August 6 with demand for material remaining tepid.Turkish mills make fresh bookings at lower pricesUS export prices consistent in recent bookingsVietnam scrap prices down on weak demandChinese import prices fall alongside domestic pricingTaiwanese scrap prices continue downtrend on poor demandIndian scrap offers withdr...Read More
Turkey's domestic transaction prices for hot-dipped galvanized and pre-painted galvanized coil prices were mostly stable in the week ended Friday August 6 due to limited trading, sources told Fastmarkets.Domestic buyers have mainly been holding back from acquiring substantial material volumes, waiting for the trend to settle.Fastmarkets' assessment for steel HDG coil domestic, exw T...Read More
Brazilian automotive production dropped by 4.16% year on year in July amid a continuing shortage of auto parts, according to national automotive association Anfavea.Light vehicle output reached 163,600 units last month, compared with 170,700 units in the same period in 2020, Anfavea said on Friday August 6. Production and sales continue to be affected by a global shortage of semiconductor chips, w...Read More
The price of flat-rolled stainless steel in the European domestic market increased further this week amid continuing tight supply, Fastmarkets heard on Friday August 6.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?3,900-3,950 ($4,616-4,676) per tonne on Friday, up by ?,?50 per tonne week on week from...Read More
A brief recovery in Chinese steel billet prices during the week to Friday August 6 has done little to perk up import markets in Southeast Asia, market participants told Fastmarkets.After a turbulent start to the week in the ferrous futures markets, Chinese buyers returned to the market on Wednesday August 4, booking only a handful of cargoes, sources said.Indonesian blast furnace (BF) 15...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne over the week ending Friday August 6, with weaker European export markets into Turkey and the Indian subcontinent dragging down British dockside prices, which had a knock-on effect on the domestic market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delive...Read More
Steel scrap prices in the key global markets moved down over the week to Friday August 6 with demand for material remaining tepid.Turkish mills make fresh bookings at lower pricesUS export prices consistent in recent bookingsVietnam scrap prices down on weak demandChinese import prices fall alongside domestic pricingTaiwanese scrap prices continue downtrend on poor demandIndian scrap offers withdr...Read More
The export market for pig iron from the Commonwealth of Independent States dropped during the week to Thursday August 5 on oversupply and short lead times. Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $550-580 per tonne on Thursday, down from $570-590 per tonne the previous week.The market level in the United States, which is the main pig...Read More
Domestic steel wire rod prices in Poland were stable or fell only slightly over the past seven days with trading activity weakening, following the usual seasonal pattern, Fastmarkets heard on Friday August 6.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, was 4,100-4,250 zloty ($1,067-1,106) per tonne on August 6, widening from 4,200-4,250 zlo...Read More
The domestic market for steel rebar in Poland was quiet during the week to Friday August 6 amid a seasonal slowdown in trading activity, but prices held firm, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 4,000-4,200 zloty ($1,041-1,093) per tonne on Friday, widening upward by 50 zloty from 4,000-4,150 zloty per tonne last week.T...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...Read More
Europe's domestic prices for hot-rolled coil were stable on Friday August 6 due to a seasonal slowdown, sources told Fastmarkets.Buyers in Europe have sufficient stocks and activity has been low in August, a traditionally slow period, resulting in weak trading activity. Market activity is expected to recover between the end of August and first half of September. Domestic producers only had HRC ava...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 6.Susan Zou, Yingchi Yang and...Read More
Steel scrap prices in the key global markets moved down over the week to Friday August 6 with demand for material remaining tepid.Turkish mills make fresh bookings at lower pricesUS export prices consistent in recent bookingsVietnam scrap prices down on weak demandChinese import prices fall alongside domestic pricingTaiwanese scrap prices continue downtrend on poor demandIndian scrap offers withdr...Read More
Spot buying appetite from Chinese copper smelters remained low in the week to Friday August 6, with standard tonnages being traded in the mid to high $50s per tonne range.Deals for blended cargoes of lower-grade copper concentrate were reported in the low $60s per tonne. Regional power restrictions in China have led to copper smelters bringing forward their maintenance plans which created reduced...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne over the week ending Friday August 6, with weaker European export markets into Turkey and the Indian subcontinent dragging down British dockside prices, which had a knock-on effect on the domestic market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delive...Read More
Major steelmakers in China and Japan lowered their domestic scrap buy prices on Friday August 6 amid reduced intake volumes, sources told Fastmarkets.Large Chinese steelmakers drop domestic scrap purchase pricesJapan's Tokyo Steel reduces buy prices for most grades at most factoriesSouth Korea closes deals at lower prices for Japanese scrap.ChinaTwo major mills in Jiangsu province lowered their do...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 6.Susan Zou, Yingchi Yang and...Read More
Fastmarkets has identified a necessary clarification to the nickel sulfate specification with regard to delivery time.The delivery time for Fastmarkets' nickel sulfate ex-works China price assessment is seven days, which was not reflected in the specifications when the price was launched in July 2018.Fastmarkets confirms that the specifications read as follows, with the clarification in italics:MB...Read More