Prices for inter-merchant light iron scrap in the United Kingdom were stable for the third consecutive week on Friday June 11, supported by firm fundamentals and with suppliers negotiating monthly delivery settlements into domestic steelmakers, trade sources told Fastmarkets.British scrap supplies into yards have been tight in recent months amid reduced scrap arisings from depressed car production...Read More
Hopes were high on Friday June 11 that global scrap prices were rebounding, with China looking to import steel billet again amid rising prices in its domestic steel market. Turkish steel mills were also purchasing import cargoes again.Turkey returns to spot marketUS West Coast sells to Bangladesh at $15 per tonne decreaseTaiwanese buyers fail to secure cheaper materialsChina sees price uptick as w...Read More
Pig iron import prices in the United States increased in the week to Friday June 11, on reports of a fresh booking from Russia, sources told Fastmarkets.Russian pig iron was sold to a US distributor at $672 per tonne cfr, which is about $7 per tonne above the cost of CIS-origin pig iron booked in late May-early June, sources said.Fastmarkets' price assessment for pig iron,...Read More
Prices of shredded steel scrap imported into India and Pakistan have risen following fresh purchases on the market, sources told Fastmarkets on Friday June 11.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India was $516.47 per tonne, down from $520.54 per tonne on June 8, but up week on week from $509.50 per tonne on June 4.Three deals were heard at $515 per tonne in the...Read More
Turkish steel producers made no deep-sea scrap bookings on Friday June 11, after deals were heard earlier this week at increasing prices, market participants said.Steel mills in Turkey booked at least five deep-sea cargoes earlier this week in response to the recent recoveries in the domestic and export rebar markets.A steel mill in the Iskenderun region booked a Canadian cargo comprising 9,500 to...Read More
Seaborne coking coal prices were largely stable in cfr market on Friday June 11 amid low trading activity in North American coking coal cargoes. The fob market rose because of continuous buying interest for July-laycan cargoes from Australia, market sources said.Prices for seaborne pulverized coal injection (PCI) surged upward in the cfr market in the week to June 11 due to continuing supply tight...Read More
Iron ore prices were up slightly on Friday June 11 amid concerns over supplies of both iron ore and steel in the Chinese domestic market, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $219.26 per tonne, up by $2.42 per tonne62% Fe low-alumina fines, cfr Qingdao: $221.25 per tonne, up by $2.21 per tonne58% Fe fines high-grade premium, cfr Qingdao: $192.78 per tonne, up by $0.8...Read More
Hot-rolled coil prices in China's domestic market continued their ascent on Friday June 11, with growing supply concerns fueling sharp increases in the ferrous futures market.DomesticEastern China (Shanghai): 5,610-5,650 yuan ($878-884) per tonne, up by 10-30 yuan per tonne.Northern China (Tangshan): weekly assessment: 5,540-5,580 yuan per tonne, narrowing upward by 20 yuan per tonne.The ferrous c...Read More
Domestic rebar prices in eastern China continued rising on Friday June 11 due to market participants' concerns over production restrictions creating a wider range and ending the week up by 40 yuan ($6) per tonne week on week.DomesticEastern China (Shanghai): 5,070-5,100 yuan ($793-798) per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,070-5,120 yuan per tonne, down by...Read More
Zinc and lead made the biggest gains on June 11 morning amid a low dollar index following the inflation readings released on Thursday and comments from trading house Trafigura lending support to all metals at the end of the week. LME three-month zinc hit $3,040 per tonne on Friday at 9am, from $2,995 per tonne at Thursday's close, while LME three-month lead was back above the $2,200-per-tonne psyc...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
Key data from Fastmarkets' pricing session in China on Friday June 11.Key drivers: The antimony price in China picked up with producers raising offer prices amid increased inquiries from traders and downstream consumers. Sources said that downstream antimony-trioxide...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
The price of stainless steel flat products in Europe surged during the week to Friday June 11 because of an acute supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?3,350-3,400 ($4,077-4,138) per tonne on Friday, up ?,?200 from ?,?3,150-3,200 per tonne a week ear...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More
The European Commission (EC) will extend the existing safeguard measures on 26 steel products imported into the European Union by three years, market sources told Fastmarkets on Friday June 11.Quota volumes for all 26 steel products will increase by 3% year on year - lower than the 5% rise expected by market participants.The draft document of the adjusted measures was released to member states on...Read More