Domestic hot- and cold-rolled coil prices remained stable in Turkey in the week to Friday September 18 amid strong demand, sources told Fastmarkets.The situation confounds some market participants, who had expected to see a decrease in prices because of weakening demand and low prices from China.Fastmarkets' steel hot-rolled coil index export, fob main port China was $511.75 per ton...Read More
Prices for hot-dipped galvanized coil (HDG) and color-coated coil (pre-painted galvanized iron or PPGI) in the Turkish domestic market were unchanged in the week to Friday September 18 and demand was strong, sources told Fastmarkets.Buyers were active this week as they had low stock levels, while prices held firm due to stability in the price of hot-rolled coil in the country.Fastmarkets' weekly p...Read More
Domestic prices for hot-rolled coil increased day on day in Northern Europe on Friday September 18, driven by reduced output from domestic steelmakers, long lead times and limited availability of imported coil, sources have told Fastmarkets.Fastmarkets calculated the daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?486.92 ($574.75) per tonne on Friday, up by ?,?4.42 per tonn...Read More
The effect of the absence of Turkish steel mills from the international scrap market was evident in tepid trading and weakening prices in the week to Friday September 18, with fears of an imminent market correction.Turkey continues to hold back from booking new cargoesUS market remains quiet on possible correctionVietnam books large volumes at lower pricesTaiwan's upward trend comes to a haltIndia...Read More
The price of shredded scrap imported into India moved down this week following a change in sentiment resulting from the absence of Turkey from the global scrap market, sources told Fastmarkets on Friday September 18.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $317.57 per tonne on Friday, down from $323.20 per tonne one week before.Buying activity was...Read More
The price spread for UK inter-merchant light iron scrap was steady over the week to Friday September 18, with limited supplies coming into merchant yards and a steady rate of export tonnages underpinning support for domestic prices, industry sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?100-110...Read More
The United Arab Emirates Ministry of Economy has extended the ban on exports of steel and paper scrap from the country for a period of four months, the ministry said on September 13.The ban was first introduced on May 15 for a period of four months and this has now been extended for another four months."The steel scrap [ban] decision is because of the increase in the price of...Read More
Turkish steel producers ended the working week with no deep-sea bookings in anticipation of lower scrap prices, sources told Fastmarkets on Friday September 18.Mills in Turkey have been out of the market since September 9; the last booking was for US scrap at $301 per tonne cfr on an HMS 1&2 (80:20) basis.Some suppliers have raised their offers to $305-310 per tonne cfr since then, but mills did.....Read More
Iron ore prices rebounded on Friday September 18 amid active trading in the seaborne market and in ports, while low-grade fines performed well on solid demand. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $124.90 per tonne, up $2.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.02 per tonne, up $2.43 per tonne58% Fe fines high-grade premium, cfr Qingdao: $115.46 per tonne, up $3.1...Read More
Prices for cargoes of steel scrap imported into South Korea have dropped over the past week amid lower demand from mills that will take rounds of maintenance during the next few months, sources told Fastmarkets on Friday September 18.Lower demand from South Korea had already weighed on Japanese export prices by Wednesday, but bearish sentiment had dragged prices down further by the end of the week...Read More
Seaborne hard coking coal indices in both fob and cfr markets rose slightly on Friday September 18 following the latest transaction, while most market participants remain in wait-and-see mode. Fastmarkets indices Premium hard coking coal, fob DBCT: $122.95 per tonne, up $1.22 per tonne Premium hard coking coal, cfr Jingtang: $134.41 per tonne, down $0.73 per tonne Hard coking coal, fob DBCT: $107....Read More
Eastern China's hot-rolled coil prices edged up on Friday September 18 on a pick-up in trading activity. DomesticEastern China (Shanghai): 3,860-3,890 yuan ($570-575) yuan per tonne, up 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,790-3,820 yuan per tonne, down 80-90 yuan per tonnePrices in eastern China rose during the day and most market sources told Fastmarkets that they ha...Read More
Heavy rain and a price decrease for raw materials deprived China's domestic rebar market of any upward momentum this week. Rebar prices stopped falling on Friday September 18 on rising futures, which kept it at the same level as a week earlier.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($545-548) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,620-3,640 yuan per tonne, do...Read More
This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 - showing sentiment remains bullish overall with dips being bought.This suggests prospects for increased demand for metals from infrastructure projects is driving sentiment and the market is not so concerned by th...Read More
An overview of the minor metals markets and the reasons for any price moves.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...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.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 transparency into the markets it covers and the pricing process it applies. Read More
First Solar Japan and Toshiba Energy Systems & Solutions Corp (Toshiba ESS) have agreed to construct two mega solar projects in eastern Japan's Tochigi Prefecture, Toshiba ESS said in a release on Wednesday September 16.The two plants, with an integrated capacity of nearly 60 megawatts (MW), will start operating in April 2023 and will use First Solar's photovoltaic modules.The electricity will be...Read More