Cobalt metal and salts prices in China rose in the first half of the week with some suppliers holding back from sales amid tightened supply and in anticipation of a further price rally. Metal suppliers in China succeeded in filtering through higher offers so far this week on the back of optimism for another round of stockpiling from China's State Reserve Bureau (SRB) and the resultant spot su...Read More
Hot-rolled coil prices in the United States rebounded on Wednesday January 6, but talk of lower deals remained in the market. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $51.54 per hundredweight ($1,030.80 per short ton) on January 6, bouncing back up by 2.22% after falling to $50.42 per cwt on Tuesday January 5 and 0.57% higher than $51.25 per cwt on December 30,...Read More
All Turkish flat steel prices increased sharply in December 2020, and the market was expected to remain steady in January because of globally strong demand for steel products, Fastmarkets heard on Wednesday January 6.Turkish hot-rolled coil producers were fully booked until April, and market participants believed that buying would remain strong in January, provided that prices remained firm.Global...Read More
Domestic prices for heavy steel plate in Europe were unchanged over the week to Wednesday January 6 due to the seasonal slowdown in market activity, sources have told Fastmarkets.Neither producers nor buyers have returned to the market from the Christmas and New Year holidays in the region.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?600-620 ($...Read More
The prices for steel hollow sections in Europe have remained unchanged over the past week, with many market participants still on their Christmas and New Year holidays, sources told Fastmarkets on Wednesday January 6.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?800-820 ($982-1,007) per tonne on Wednesday, unchanged from the previous assessm...Read More
The price of steel H-beams in Europe has already gone up this week, ahead of mills returning to the market after the New Year holiday break, with further large increases expected, sources told Fastmarkets on Wednesday January 6.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?700-720 ($859-884) per tonne on Wednesday, up from ?,?655-680 per tonne in...Read More
The European markets for steel mesh-quality wire rod were silent in the week to Wednesday January 6 while holidays continued, but with sentiment increasingly bullish amid tight supply and expected price rises for scrap feedstock, sources have told Fastmarkets.Northern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?630 ($773...Read More
Turkish steel producers have resumed their deep-sea scrap purchasing for February-shipment cargoes at strengthening prices, sources told Fastmarkets on Wednesday January 6.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $478 per tonne and 10,000 tonnes of shredded at $488 per tonne cfr.Another steel mill in the Izmir region booked a European car...Read More
Fastmarkets has corrected its daily Turkish steel scrap indices, which were published incorrectly on Wednesday January 6 due to a technical error.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey should have been $475.14 per tonne, instead of $464.17 per tonne as previously published.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix...Read More
Iron ore registered increases across the board on active seaborne trading on Wednesday January 6, with lump prices surging due to tight supplies, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $168.72 per tonne, up $0.86 per tonne62% Fe low-alumina fines, cfr Qingdao: $168.75 per tonne, up $0.75 per tonne58% Fe fines high-grade premium, cfr Qingdao:&nbs...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 6 that are worth another look.The import price for cargoes of steel billet to Southeast Asia started the new year flat even after sellers sought to raise offers to the market, sources told Fastmarkets.Read More
The United States has announced further sanctions on producers of Iranian steel and other metal products alongside foreign-based sales agents of an Iranian metals and mining holding company, but export steel billet and slab prices still rose this week with Iranian sources saying steel trade will be able to continue. US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Tuesday...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina...Read More
The prices for steel hollow sections in Europe have remained unchanged over the past week, with many market participants still on their Christmas and New Year holidays, sources told Fastmarkets on Wednesday January 6.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?800-820 ($982-1,007) per tonne on Wednesday, unchanged from the previous assessm...Read More
The price of steel H-beams in Europe has already gone up this week, ahead of mills returning to the market after the New Year holiday break, with further large increases expected, sources told Fastmarkets on Wednesday January 6.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?700-720 ($859-884) per tonne on Wednesday, up from ?,?655-680 per tonne in...Read More
All Turkish flat steel prices increased sharply in December 2020, and the market was expected to remain steady in January because of globally strong demand for steel products, Fastmarkets heard on Wednesday January 6.Turkish hot-rolled coil producers were fully booked until April, and market participants believed that buying would remain strong in January, provided that prices remained firm.Global...Read More
The United States has announced further sanctions on producers of Iranian steel and other metal products alongside foreign-based sales agents of an Iranian metals and mining holding company, but export steel billet and slab prices still rose this week with Iranian sources saying steel trade will be able to continue. US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Tuesday...Read More
Brazil's iron ore exports increased by a third in December compared with a year earlier, according to statistics from the country's economy ministry.It shipped 33.17 million tonnes of the steelmaking raw material last month, compared with 24.99 million tonnes in December 2019.Strong demand for steel in in China has...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 6 that are worth another look.The import price for cargoes of steel billet to Southeast Asia started the new year flat even after sellers sought to raise offers to the market, sources told Fastmarkets.Read More
Nickel premiums were steady across the globe in the week to Tuesday January 5, while China's nickel sulfate market strengthened amid demand support and limited spot supply. Inquiries in the Shanghai nickel plate market grew with the narrowing import arbitrage loss following China's nickel import tax cut, but premiums have thus far been unchanged due to the closure of the arbitrage window...Read More