Prices for carbon steel plate in the United States climbed after domestic mills announced another round of price increases in finally offering material for March shipment.Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed to $51 per hundredweight ($1,020 per short ton) on Friday January 29, up from $49 per cwt ($980 per ton) on January 22. The asse...Read More
Prices for domestic merchant bar quality (MBQ) steel in the United States rose for the third month in a row in January, while import prices remained unchanged after climbing in late December 2020.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was at $44.30 per hundredweight ($886 per short ton) on Friday January 29, up by 4.7% from $42.3...Read More
The export market for flat steel products from the Commonwealth of Independent States (CIS) was slow in the seven days to Monday February 1, with hot-rolled coil prices decreasing sharply because of weak demand.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $695-725 per tonne on Monday, down from $745-760 per tonne a week earlier.The main reason for...Read More
The Commonwealth of Independent States (CIS) export wire rod price recovered somewhat in the week to Monday February 1 on demand in European markets, sources told Fastmarkets.Offers of Ukraine-origin material were heard within the range of $700-730 per tonne fob Black Sea, depending on destination, while Russia-origin material was available within the range of $690-702 per tonne fob Black Sea, sou...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Monday February 1, but buyers were likely to accept price rises imposed by producers - at least in the short term, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?713.33 ($865.65) per tonne on Monday February 1, up by ?,?0.83 per tonne...Read More
Brazilian exports of iron ore increased by 8.7% in January 2021, compared with the corresponding month of 2020, despite there being two fewer workdays in 2021, the country's ministry of economy said on Monday February 1.The country exported 28.99 million tonnes of iron ore in January, up from 26.67 million tonnes a year before. Daily average shipments totaled 1.45 million tonnes, 19.6% higher than...Read More
India will remove its import duties on steel and stainless steel scrap imports with effect from February 2, the Material Recycling Association of India said on Monday February 1.India currently imposes customs duties of 2.5% on steel scrap imports. The new trade policy will remain in place until...Read More
Turkish steel mills kept their deep-sea scrap purchases slow on Monday February 1, as a result of rebar and billet markets remaining weak, sources told Fastmarkets.The mills have struggled with rebar and billet sales recently amid poor demand.The most recent firm bid for Turkish rebar came from Southeast Asia at $595 per tonne fob on actual weight basis, but the transaction was not realized. Fastm...Read More
Turkish domestic scrap prices continued to decrease over the past week due to falling imported scrap values, market sources said on Monday February 1.Domestic steel mills reduced their buy prices for both domestic auto bundle scrap and ship scrap in response to the downturn in imported scrap costs, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey wa...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2021.The case list below includes only updates. For other continuing cases from 2020, see the updates for December,...Read More
More than 67,000 lots of the Singapore Exchange's 65% Fe iron ore swaps contract, which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, were heard to have been traded in January 2021, the largest monthly volume since its launch in December 2018.The 65% Fe iron ore contract is traded in 100-tonne lots and its total volume for 2020 was close to 420,0...Read More
Iron ore prices fell on Monday February 1, sources told Fastmarkets, due to weak demand and limited trading liquidity, despite the potential impact of severe weather on supplies from Australia. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.07 per tonne, down $1.47 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.77 per tonne, down $1.28 per tonne58% Fe fines high-grade...Read More
Seaborne coking coal fob prices across the board rose on Monday February 1, sources said, adding that bids and offers for premium hard coking coal were higher than before while the cfr market remained quiet.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.54 per tonne, up $1.62 per tonnePremium hard coking coal, cfr Jingtang: $217.73 per tonne, unchanged Hard coking coal, fob DBCT: $133...Read More
Prices for seaborne iron ore concentrate and pellets fell in the week ended Friday January 29 amid a downtrend for the fines segment in the same week.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $185.25 per tonne, down $9.44 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $225.49 per tonne, down $3.77 per tonne Key driversSeaborne prices for iron ore fines fell steeply last wee...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday January 29.United States Prices for silicon rose for the third time in January over the assessment week to Thursday, with both domestic and global spot supply reported to be increasingly tight in the United States. Domestic producers welcomed a 7.4% preliminary duty determination on imports of Malays...Read More
The supply-driven rally in antimony prices, fueled by an ore shortage and shipping delays, continued over the past week with no ceiling in sight, markets sources said. Since the start of the year, the metal's value has risen by more than 20% for both grades."Prices are moving daily; you buy what you can get your hands on," a trader in Europe told Fastmarkets.Fastmarkets' price assessment for antim...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, in-whs Rotterdam, $/lb at...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.Fastmarkets assessed...Read More
Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide. Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two...Read More
Key data from the Friday January 29 pricing session in Shanghai.Key drivers China's ex-works prices for magnesium increased on tight spot market supply after producers sold large volumes of the material on forward contracts. Sources said some downstream consumers ordered material at prices below 14,000 yuan ($2,167) per tonne and asked for the material...Read More