Turkish domestic scrap prices have remained fairly stable over the past week, with most market participants believing that prices have reached a peak, sources said on Monday June 22.The steel mills adjusted their buy prices for domestic scrap in line with their stock levels and finished long steel sales over the past week.Three steel producers increased their buy prices for auto bundle scrap by 20...Read More
Seaborne iron ore prices fell on Monday June 22 after an increase in cargo arrivals at Chinese ports last week, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $101.75 per tonne, down $0.67 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $104.19 per tonne, down $1.20 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $90.77 per tonne, down $...Read More
Fastmarkets' seaborne premium hard coking coal indices diverged on Monday June 22, with the fob Australia premium rising while other prices mostly edged down and market participants decided to take a wait-and-see approach.Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.78 per tonne, up $2.58 per tonne Premium hard coking coal, cfr Jingtang: $117.36 per tonne, down $0.35 per t...Read More
Seaborne iron ore concentrates and pellet prices fell in the week to Friday June 19 because high prices have deterred buyers from striking any deals, sources told Fastmarkets.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao stood at $112.50 per tonne on June 19, down $2.68 per tonne from $115.18 per tonne a week earlier. And the weekly average of Fastmarkets' index fo...Read More
China's hot-rolled coil prices were largely stable on Monday June 22 amid low inventories.DomesticEastern China (Shanghai): 3,750-3,760 yuan ($530-532) per tonne, narrowing downward by 10 yuan per tonneTrading activity was moderate on Monday amid futures losses, but sellers were reluctant to cut their offer prices due to low inventories, according to a Shanghai-based trader.A second Shanghai-based...Read More
China's domestic rebar market was flat on Monday June 22 despite falling futures, with mills' high ex-works prices keeping it supported.Domestic Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedShagang, a major rebar producer in eastern China, rolled over its list price of 3,850 yuan per tonne for HRB400 F16-25mm rebar ordered during the June 21-30 period.This is 240-270 y...Read More
The cobalt alloy grade, in-whs Rotterdam 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. Fastmarkets...Read More
The cobalt standard grade, in-whs Rotterdam 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...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday June 19. China Export price fell in line with concluded business at the low end of the price range. Overseas market remained sluggish due to foreign consumers putting...Read More
China's electrolytic manganese flake export price maintained its one-year low on Friday June 19 on lower offers from traders amid sluggish overseas demand, sources said.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, fob China was $1,430-1,500 per tonne on Friday June 19, unchanged from a week earlier. This is a new annual low since June 21, 2019, when the pr...Read More
China-based minor metals producer Vital Materials will restart the Xianxi bismuth products plant in Hunan province, owned by producer Hunan Jinwang Bismuth. The Xianxi plant, which was opened in November 2012, stopped production at the end of January 2019 and has been running under heat preservation only since. Before its closure, the plant produced 200-300 tonnes per month of bismuth. Owner Hunan...Read More
Markets underwent a knee-jerk downward reaction earlier this morning, Tuesday June 23, when it looked like the phase one trade deal between the United States and China was over, but markets snapped back once US President Donald Trump announced the deal was “fully intact”. The fact that a White House official said it was “over” only to retract that later suggests there have at l...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points in pre-opening trade. Apple gained $5.63 to $364.50 after Deutsche Bank and UBS raised their target price on the stock. Nike advanced $2.09 to $101.60 after Susquehanna raised its target price from $100 to $130.Lowe's added $$1.34 to $136.06 after Instinet raised its target price from $130 to $146.Peloton gai...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Brazil's steel use dropped by a quarter year on year in May, after Covid-19 restrictions led to a slump in both supplies and demand, the country's steel association, Instituto A??o Brasil, said this week.Apparent steel consumption in the country totaled 1.35 million tonnes in May, down by 24.8% year on year from 1.79 million tonnes in May 2019, the institute said on Thursday June 18.Flat-roll...Read More