The price of steel H-beams in Europe has jumped this week, with producers returning to the market after pausing their offers ahead of the Christmas holiday break due to volatile market conditions, sources told Fastmarkets on Wednesday January 13.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?750-770 ($912-937) per tonne on Wednesday, up from ?,?70...Read More
Domestic prices for steel mesh-quality wire rod in the north of Europe unexpectedly surged in the week to Wednesday January 13, amid sharp increases in feedstock costs and persistent supply tightness, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe rose by ?,?45-70 per tonne, to ?,?675-700 ($821-851) per tonn...Read More
The Turkish deep-sea markets remained largely silent on the third working day of the week, but with sentiment beginning to turn negative, sources said on Wednesday January 13.After a number of steel scrap cargoes were booked at the end of last week, the mills stepped back from deep-sea bookings."The number of offers is increasing, especially from US merchants. I think this might be a sign of a dow...Read More
The seaborne iron ore lump premium rose on Wednesday January 13, supported by firm demand and limited supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.11 per tonne, down $2.56 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $2.10 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $156.92 per tonne, down $0.78 per tonne 65%...Read More
Iran's export prices for steel slab and billet remained stable over the week to Wednesday January 13, with about 30,000 tonnes of billet sold during the review period, sources told Fastmarkets.More deals were expected to be done later in the week, but most market participants did not expect any price increases because of the slowdown in the rate of global price rises.The sharp uptrend in global st...Read More
Prices for cargoes of steel billet to Southeast Asia moved down slightly in the last day amid a sharp increase in material offered to the market, sources told Fastmarkets on Wednesday January 13.A steep drop in China's future markets - and subsequently rebar prices - led to several billet producing mills going to the market to offer cargo on Tuesday and Wednesday, market participants said.Blast fu...Read More
China's construction sites are still operating normally despite a rise in the number of Covid-19 cases but the seasonal demand drop continued to push down domestic rebar prices on Wednesday January 13. Domestic Eastern China (Shanghai): 4,350-4,370 yuan ($672-676) per tonne, down by 30 yuan per tonne Market sources attributed the 0.7% day-on-day drop on the seasonal drop off in demand. Constructio...Read More
Prices for steel hollow sections in Europe have moved upward on continued pressure from the price and availability of feedstock materials, sources told Fastmarkets on Wednesday January 13.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?820-850 ($998-1,034) per tonne on Wednesday, up from ?,?800-820 per tonne one week before.Producers have stru...Read More
Turkish steel pipe export prices have continued to increase on rising raw material costs, sources said on Wednesday January 13.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $820-830 per tonne on Wednesday, up from $730 per tonne on December 9.The Turkish pipemills were offering the material at $820-830...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.Overseas buyers are opting to purchase Chinese cold-rolled coil and hot-dipped galvanized coil from smaller mills in China amid major exporters' high offers, sources told Fastmarkets in the past week.Canada-based miner Cornish Metals intends to float...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 13.Please click...Read More
Tin premiums in the United States continued their pronounced rise in the week to Tuesday January 12, with shortages of material in the region driving continued panic-buying, while the metal's soaring price and tight spreads on the London Metal Exchange limited the spot-market opportunities in Europe.Panic buying sees US market strengthenEuropean demand hits plateau despite short supplyLME price br...Read More
Copper premiums have remained high in Asia but the physical markets in Europe and the United States were sluggish in light of futures prices breaking fresh highs late last week.Southeast Asia premiums remain global high pointShanghai EQ moves back to premium from discountsUS market foresees more active 2020.Shanghai copper premium at four-month highFastmarkets' copper grade A cathode premium, cif...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 13 that are worth another look.Overseas buyers are opting to purchase Chinese cold-rolled coil and hot-dipped galvanized coil from smaller mills in China amid major exporters' high offers, sources told Fastmarkets in the past week.Canada-based miner Cornish Metals intends to float...Read More
The global zinc concentrates market is volatile and unpredictable at the best of times, but a global pandemic ramped up the turbulence by several notches in 2020.Spot zinc treatment charges (TCs) fell by more than 72% last year, the slide beginning after the Covid-19 pandemic forced major mines into government-mandated lockdowns.The nosedive in spot TCs - which are discounts to the exchange price...Read More
The three-month lead price made the biggest gains among the London Metal Exchange base metals complex on January 13, while the copper price closed above $8,000 per tonne, aided by a stable dollar index and the prospect of a new, trillion-dollar stimulus package in the United States. The lead price closed 1.5% higher on Wednesday at $2,051 per tonne at 5pm from Tuesday's closing price of $2,021 per...Read More
Seaborne coking coal prices in the fob market were higher across the board on Wednesday January 13 following a transaction sealed at a higher price. Fastmarkets indices Premium hard coking coal, fob DBCT: $114.38 per tonne, up $10.39 per tonne Premium hard coking coal, cfr Jingtang: $208.95 per tonne, up $0.76 per tonne Hard coking coal, fob DBCT: $102.29 per tonne, up $7.98 per tonne Hard coking....Read More
The seaborne iron ore lump premium rose on Wednesday January 13, supported by firm demand and limited supply, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $170.11 per tonne, down $2.56 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $2.10 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $156.92 per tonne, down $0.78 per tonne 65%...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More
Domestic prices for hot-rolled coil have increased across Europe in the week to Wednesday January 13, with steelmakers targeting further price rises, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?691.25 ($840.90) per tonne on Wednesday, up by ?,?3.25 per tonne day on day from ?,?688.00 on Tuesday.The index was also up by...Read More