The price of ferrous scrap imported into India increased again this week as positive sentiment in the market continues to boost trading activity, sources told Fastmarkets.Fastmarkets' assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, was $317.35 per tonne on Friday January 10, up from $312.17 per tonne a week earlier.Prices have continued to move up on a weekly basis since Nove...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets...Read More
An overview of the battery raw materialsmarkets and their price moves from the pastweek.Read More
Previous weakness in the Chinese battery-grade lithium markets travelled through into the seaborne lithium hydroxide market which fell by 4.7% week on week on Thursday January 9, while the delivered, duty-paid Europe and United States compound prices both fell on the availability of cheaper spot material. Asian seaborne battery-grade hydroxide price fell by 50 cents per kg, while the carbonate pri...Read More
Hot-rolled coil prices in the United States remained above $30 per hundredweight on Friday January 10, with domestic flat-rolled steel mills holding firm on higher prices after their fifth increase since late October of last year.Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $30.38 per cwt ($607.60 per short ton) on Friday, little changed from 30.48 per cwt a da...Read More
Fastmarkets' index for domestic hot-rolled coil in Northern Europe increased on Friday January 10, with sources expecting prices to continue to rise.Fastmarkets' daily calculation of the steel hot-rolled coil index, domestic, ex-works Northern Europe, rose slightly to ?,?442.43 ($491.51) per tonne on Friday, from ?,?441.15 per tonne on January 9.The index was based on deals and achievable prices h...Read More
Flat steel prices in Turkey increased during the week ended Friday January 10, even as trading activity remained weak, market sources said.Local producers in Turkey increased their prices in line with increasing global prices.HRC exportsFastmarkets' weekly price assessment for steel hot-rolled coil, export, fob main port Turkey, was $510-515 per tonne on January 10, compared with $500-510 per tonn...Read More
The Polish domestic rebar price moved up in the week to Friday January 10 due to some improvement in demand after participants returned to the market from New Year holidays across Europe, market sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, ex-works Poland rose to 2,070-2,100 zloty ($542-550) per tonne on Friday January 10 from 2,00...Read More
Prices in Southeast Asia's steel billet market remained stable on Friday January 10 as buyers mostly stayed away from the spot market in anticipation of softer scrap charges, sources told Fastmarkets. "It is difficult to conclude any deals because the situation envisioned by buyers [of lower scrap prices] has yet to materialize," an Indian trader said.Scrap prices in Turkey, the world's large...Read More
China's domestic rebar prices edged down on Friday January 10 due to weakening demand as more participants prepared to exit the market ahead of the week-long Chinese New Year holiday later this month. Eastern China (Shanghai): 3,670-3,700 yuan ($530-534) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,540-3,560 yuan per tonne, narrowed downward by 10 yuan per tonneA number...Read More
The inter-merchant spot market for light iron scrap in the UK was unmoved in the week ended Friday January 10, while there was an increase in business from Europe to traditional export markets in Turkey and the Indian subcontinent.The UK steel scrap market is preparing for the settlement of monthly delivery contracts to domestic steelmakers, with some industry sources suggesting a rollover may be...Read More
The price of ferrous scrap imported into India increased again this week as positive sentiment in the market continues to boost trading activity, sources told Fastmarkets.Fastmarkets' assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, was $317.35 per tonne on Friday January 10, up from $312.17 per tonne a week earlier.Prices have continued to move up on a weekly basis since Nove...Read More
The price of austenitic alloy steel scrap in Europe has moved up slightly over the past week on an uptick in demand for January tonnages and improved market sentiment, sources told Fastmarkets on Friday January 10.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,200 ($1,530-1,569) per tonne on Friday, up by ?20 per tonne from the...Read More
The price of steel slab exports from Brazil increased in the first full week of January 2020 with higher demand from North American buyers.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, was $415-425 per tonne on January 10, rising from $395-405 per tonne on January 3.Virtually all Brazilian slab producers have increased their offer prices for March-shipment batch...Read More
Trading activity in the export market for CIS steel billet recovered somewhat in the second week of January with several cargoes reported sold to Africa.Nevertheless, the market still lacked clarity, with most customers holding back from purchasing activity and some suppliers still to announce new offer prices.Those producers which have opened their sales returned to the market with offers at the...Read More
Prices in Southeast Asia's steel billet market remained stable on Friday January 10 as buyers mostly stayed away from the spot market in anticipation of softer scrap charges, sources told Fastmarkets. "It is difficult to conclude any deals because the situation envisioned by buyers [of lower scrap prices] has yet to materialize," an Indian trader said.Scrap prices in Turkey, the world's large...Read More
The price of stainless steel in Europe decreased this week on lower monthly alloy surcharges for January, sources told Fastmarkets on Friday January 10. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,050-2,100 ($2,277-2,333) per tonne on January 3, down by ?,?40-50 per tonne...Read More
The World Trade Organization has made a final ruling that the Moroccan authorities violated parts of the WTO's Anti-Dumping Agreement in its imposition of tariffs on hot-rolled coil imports from Turkey.The WTO panel findings included the fact that Morocco failed to conclude its investigation within the 18-month maximum time limit and failed to inform all interested parties...Read More
Liberty Steel Group will cut 355 jobs at its UK steelworks in Stockbridge, South Yorkshire and Newport, South Wales due to "challenging market conditions", the company said on Thursday January 9. This follows a move late in 2019 when the GFG Alliance announced plans to consolidate all its steel businesses into one global group named Liberty Steel Group. The company said it has decided to redu...Read More
Hot-rolled coil prices in the United States remained above $30 per hundredweight on Friday January 10, with domestic flat-rolled steel mills holding firm on higher prices after their fifth increase since late October of last year.Fastmarkets' daily hot-rolled coil index, fob mill US was calculated at $30.38 per cwt ($607.60 per short ton) on Friday, little changed from 30.48 per cwt a da...Read More