The October rebar futures contract at the Shanghai Futures Exchange rose in the morning and dropped in the afternoon of Friday June 18 due to conflicting trends in the rebar market.Domestic Eastern China (Shanghai): 4,970-5,000 yuan ($771-776) per tonne, up by 50-60 yuan per tonne. Northern China (Beijing): 4,930-4,970 yuan per tonne, down by 140-150 yuan per tonne The National Developmen...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Hot-dipped galvanized coil prices were stable in Turkey during the week to Friday June 18 due to uncertainty over export taxes from China, sources said.HDG export prices from China also narrowed during the week on low demand after the European Union began its anti-dumping investigation into Turkish HDG, sources said.Domestic pricesFastmarkets' weekly price assessment for steel HDG...Read More
Hot-rolled coil prices decreased in the Turkish domestic and export markets during the week to Friday June 18, while cold-rolled coil prices were stable, sources told Fastmarkets."Demand in the domestic market, especially the manufacturing sector is still strong. But lower import prices and the lack of clarity over China's export taxes resulted in uncertainty," one market participant said.Cautious...Read More
Market activity remained slow in Europe's hot-rolled coil market on Friday June 18, with buyers holding back from deals and awaiting a final decision in the European safeguard case, sources told Fastmarkets.On June 11, the European Commission released a draft proposal to member states, suggesting a three-year extension to the existing safeguard measures on 26 steel products imported into the Europ...Read More
Indian steel mills kept their domestic hot rolled coil offers unchanged on Friday June 18, despite local traders continuing to undercut their prices by as much as 3,500 rupees ($47) per tonne, Fastmarkets understands.Fastmarkets' price assessment for steel HRC, domestic ex-warehouse India has remained at 68,500-70,500 rupees ($925-952) per tonne since June 4.HRC was being sold by traders at 6...Read More
Import prices in Vietnam rose during the week to Friday June 18 despite weak demand from end users, sources told Fastmarkets. Higher offers forJapanese bulk cargoes after the recent Kanto Tetsugen auction supported higherimport prices, sources said. A transaction for a bulk Japanese H2 was concludedat $500 per tonne cfr Vietnam in the week to June 18, against offersat $500-510 per t...Read More
Turkish steel mills ended the working week in silence on Friday June 18, having not booked any deep-sea scrap cargoes since Tuesday.Just two cargoes were heard booked during this week, leading to a decline in the indices. The two United States cargoes were heard on Tuesday. A mill in the Marmara region bought the two US cargoes...Read More
The United States' pig iron import prices softened during the week to Friday June 18, with buyers having predominantly restocked while material for near-term shipment remained available in the market. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $650-665 per tonne on Friday, down by 2.16% from $672 per tonne a week earlier."We have bought enough and do not nee...Read More
The price range for inter-merchant light iron scrap in the United Kingdom hit an 11-year high on June 18 with suppliers increasing their offer prices in the domestic market due to relatively tight supplies and firm demand from major scrap processors, sources told Fastmarkets.Light iron scrap prices were up by ?5-10 ($ 6.98-13.95) per tonne in the week to June 18 as processors looked to secure fee...Read More
The market for pig iron exports from Brazil was quiet during the week to Friday June 18 on long lead times, sources said.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday, stable week on week.Suppliers from the south of Brazil were inactive in the market, but their price idea was indicated at $620-625 per...Read More
Prices for shredded steel scrap imported into India and Pakistan have risen on active purchasing that tailed off toward the end of the week, sources told Fastmarkets on Friday June 18.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $533.93 per tonne on June 18, up from $516.47 per tonne on June 11.Offers heard this week were in the range of $520-540 per tonne cfr, whi...Read More
The EU member states have voted in favor of the proposed extension of the safeguard measures on imports of steel products, market sources told Fastmarkets on Friday June 18.The vote was supported by 17 member states, the sources said.The European Commission had not released an official statement at the time of publication.On June 11, the Commission sent a draft proposal to the World Trade Organiza...Read More
Hot-rolled coil prices in China's domestic market edged higher on Friday June 18, while export prices fell as overseas buyers became more cautious due to the potential imposition of export taxes.DomesticEastern China (Shanghai): 5,500-5,530 yuan ($853-858) per tonne, up by 20-30 yuan per tonne.Northern China (Tangshan): weekly assessment: 5,450-5,480 yuan per tonne, down by 90-100 yuan per tonne.S...Read More
Prices for flat-rolled steel products imported into South America increased in the week ended Friday June 18 amid reports of higher freight rates and more expensive deals.Demand for August-shipment material was steady, and close to levels seen in previous months, according to market participants. But clients were still uneasy due to the possibility of tax changes in China.Most sources were expecti...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...Read More
Market activity remained slow in Europe's hot-rolled coil market on Friday June 18, with buyers holding back from deals and awaiting a final decision in the European safeguard case, sources told Fastmarkets.On June 11, the European Commission released a draft proposal to member states, suggesting a three-year extension to the existing safeguard measures on 26 steel products imported into the Europ...Read More
Hot-rolled coil prices in China's domestic market edged higher on Friday June 18, while export prices fell as overseas buyers became more cautious due to the potential imposition of export taxes.DomesticEastern China (Shanghai): 5,500-5,530 yuan ($853-858) per tonne, up by 20-30 yuan per tonne.Northern China (Tangshan): weekly assessment: 5,450-5,480 yuan per tonne, down by 90-100 yuan per tonne.S...Read More
Prices for flat-rolled steel products imported into South America increased in the week ended Friday June 18 amid reports of higher freight rates and more expensive deals.Demand for August-shipment material was steady, and close to levels seen in previous months, according to market participants. But clients were still uneasy due to the possibility of tax changes in China.Most sources were expecti...Read More
The global lithium hydroxide complex extended its firm tone over the week ended Thursday June 17 against a backdrop of persistent supply constraints and optimism for growing demand.Battery-grade lithium hydroxide prices in both the domestic Chinese and seaborne Asian markets rallied because consumers are still finding it difficult to secure adequate feedstock. Battery-grade lithium carbonate suppl...Read More