Japanese ferrous scrap export prices have risen over the past week amid tightening supplies and healthy demand from Vietnamese buyers, sources in Japan told Fastmarkets.Fastmarkets' inaugural price assessment for steel scrap H2 export, fob main port Japan was ?24,000-24,500 ($219-223) per tonne fob Tokyo Bay on February 19, up by around ?500-1,000 per tonne from prices heard last week. In t...Read More
Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90 per tonne, down $0.18 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.16 per tonne, down $0.04 per tonne.58% Fe fines high-premium, cfr Qingdao: $7...Read More
The prices of hollow steel sections in Europe moved up this week, following news that Turkey's country-specific import quota has been completely taken up, sources told Fastmarkets on Wednesday February 19.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-650 ($671-703) per tonne on Wednesday, widening upward by ?,?10 per tonne from ?,...Read More
Flat steel sales from Brazilian distributors increased by 5.3% year on year in January, with the country's steel consumption rising amid price increases, according to national flat steel distributors' association Inda. Shipments amounted to 279,400 tonnes last month, against 265,300 tonnes a year before, Inda said on Tuesday February 18."The market is improving slowly," Inda president Carlos Loure...Read More
Ukraine's largest producer of long steel, ArcelorMittal Kryvyi Rih (AMKR), is currently bringing its new continuous casting machine No3 (CCM No3) to designed capacity, the company announced on Monday February 17."We already produce 150mm billet at CCM No3 and will start production of 130mm billet soon, " a company source told Fastmarkets.The equipment addition is part of a company project to repla...Read More
Here are five Fastmarkets stories you might have missed on Monday February 17 that are worth another look.Seaborne iron ore prices were up on Monday amid the gradual return of workers after the extended lunar new year holiday in China.The European Commission has initiated a review of existing safeguard measures into a number of imported steel products, it said on Saturday February 15.The market of...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.Chinese wire rod producers are keeping export offers stable on expectations of improved demand in April, market sources told Fastmarkets, which kept prices flat in the past week amid sparse trading.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama...Read More
The broad availability of zinc warrants across Europe meant that physical premiums in the region were stable in the week to Tuesday February 18, while a similar abundance of Middle Eastern supply kept Indian lead premiums flat.Meanwhile, premiums in both the United States and China were steady over the week, with static demand limiting any changes in the latter, while the bulk of the US market was...Read More
Key data from the Wednesday February 19 pricing session in London.Key drivers The price for manganese flake in Europe fell for the first time this year after Chinese producers gradually returned to the global market.Several market participants booked material from China on a cif basis for late March/early April delivery at $1,800-1,950 per tonne. And with most market participa...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 19. Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.Chinese wire rod producers are keeping export offers stable on expectations of improved demand in April, market sources told Fastmarkets, which kept prices flat in the past week amid sparse trading.Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday February 19. Please click...Read More
The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Wednesday February 15, with daily trading volumes hitting a three-month low against reduced open interest, while nickel failed to test nearby resistance.Aluminium's outright price on the LME closed at $1,720 per tonne on Wednesday afternoon, while trading ranges were narrow over the day with the light...Read More
Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90 per tonne, down $0.18 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $89.33 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.16 per tonne, down $0.04 per tonne.58% Fe fines high-premium, cfr Qingdao: $7...Read More
Domestic prices for heavy steel plate in Europe moved down over the past week due to limited trading activity, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was ?,?490-500 ($530-541) per tonne on Wednesday February 19, down by ?,?10 per tonne from ?,?500-510 per tonne ex-works a week earlier.That assessment is based on deals and...Read More
The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Wednesday February 15, with daily trading volumes hitting a three-month low against reduced open interest, while nickel failed to test nearby resistance.Aluminium's outright price on the LME closed at $1,720 per tonne on Wednesday afternoon, while trading ranges were narrow over the day with the light...Read More
Chinese importers could be able to buy United States' copper and aluminium scrap without the current 25% tariffs from July, China's Ministry of Finance Customs Department said in a notice on Tuesday February 18.Copper and aluminium scrap are among 696 products listed by the ministry that can have tariffs exempted. Importers can apply for exemptions starting from March 2, 2020.As part of a tit-for-...Read More
Nickel premiums in all regions continued to hold firm in the week to Tuesday February 18, after slack demand for nickel tempered spot market liquidity.United States' nickel spot trade slowed having enlivened in previous weeks while appetites wane over the first quarterNovel coronavirus (nCoV-2019) shutdowns continue to hamper spot deals in China, with arbitrage losses further muting tradeEuropean...Read More
One of China's largest copper smelters has locked in a major deal for supply at a time of reduced demand due to a virus-led logistics lockdown in the country.China Copper, owner of Yunnan Copper's Ningde and Chifeng smelter, bought 120,000 tonnes of clean copper concentrates for the first half of this year from a major trading house at a treatment charge (TC) of more than $70 per tonne, a source w...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama fell 2.8% month on month at the end of January 2020, according to data released by major Japanese trading house Marubeni Corp. Total aluminium stocks at the three ports totaled 305,200 tonnes on January 31, down by 8,800 tonnes or 2.8% from the end of December, figures released on Tuesday February 18 show...Read More