The export price for Brazilian steel slabs continued its uptrend during the week ended Friday November 29 with more expensive offers to North America starting to be accepted, market participants told Fastmarkets.Fastmarkets assessed the price for steel slab, export, fob main port Brazil, at $360-380 per tonne on Friday, narrowing upward from $355-380 per tonne a week before. The midpoint was at it...Read More
Indian domestic secondary billet prices continued to be subdued during the week ended Friday November 29 with makers of long steel products reducing their purchases of semi-finished material.The price of steel billet domestic, exw India, assessed by Fastmarkets on November 29, dropped by 100 rupees per tonne week on week to 26,000-26,200 rupees ($364-367) per tonne, compared with 26,100-26,300 rup...Read More
Prices in the CIS export billet market continued to climb in the last week of November, supported by the continuing uptrend in the international scrap market.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $390 per tonne fob Black Sea on Friday November 29, against $384 per tonne on Monday.Offers of CIS-origin billet were scarce because mills' allocations for December rollin...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 29EuropeThe European ferro-silicon spot price climbed by about 2.5% over the week after jumping by more than 7% in the previous week - supply worries have boosted trading activity. One deal for 500 tonnes was reportedly sold to a consumer by a trader at ?,?960 per tonne although deals at th...Read More
The price of grade-304 stainless steel flat products in Europe widened downward this week in anticipation of much more substantial decreases in December, when mills were expected to bring into effect significantly lower alloy surcharges, Fastmarkets heard on Friday November 29.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivere...Read More
Monthly European alloy steel surcharges have plunged for December because of lower nickel and molybdenum costs, Fastmarkets heard on Friday November 29.Fastmarkets' December range for the stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe was ?,?1,579-1,608 ($1,738-1,770) per tonne, down by ?,?114-122 per tonne from the November values. December...Read More
Turkish long steel producer Ko?? Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.Ko?? Metalurji had stopped production at all its steelmaking operations on October 1 as a result of weak long steel and billet market conditions .Demand and prices for rebar export...Read More
Global scrap prices returned to growth during the week ended Friday November 29, with trading continuing in all the major scrap markets except the United States, which was quiet due to its Thanksgiving holiday,Prices move up in Turkey but trading thinUS market quiet on Thanksgiving holidayIndian market inches up on fresh dealsPrices up in Vietnam on higher transaction pricesTaiwan prices up on sol...Read More
The export price for Brazilian steel slabs continued its uptrend during the week ended Friday November 29 with more expensive offers to North America starting to be accepted, market participants told Fastmarkets.Fastmarkets assessed the price for steel slab, export, fob main port Brazil, at $360-380 per tonne on Friday, narrowing upward from $355-380 per tonne a week before. The midpoint was at it...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week ended Friday November 29, based on a steady increase in European export prices to Turkey and regular demand from major British shredders, trade sources told Fastmarkets.In the near term, year-end holidays in the UK and across Europe, as well as winter conditions, were expected to underpin or possibly raise scrap...Read More
The three-month price of nickel traded on the London Metal Exchange continued its descent below $14,000 per tonne to close at $13,675 per tonne on Friday 29, down by 2.3%, amid stainless steel demand concerns and ongoing macro tension between the United States and China. Nickel futures have come under constant pressure from the LME three-month nickel price depreciating by 27% to its current level...Read More
Benchmark fob Australia prices for alumina remained below $280 per tonne in the week ended Friday November 29 despite deals for India-origin material still being made at higher levels.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $277.81 per tonne on Friday, down from $279.30 per tonne at the start of the week.Key drivers The most recent fob Australia deal this week w...Read More
Seaborne coking coal prices ended the week higher amid a flurry of transactions on Friday November 29. Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.66 per tonne, up $0.99 per tonnePremium hard coking coal, cfr Jingtang: $147.30 per tonne, down $0.47Hard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coal, cfr Jingtang: $130.25 per tonne, unchanged...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday November 29.ChinaChinese spot domestic ferro-chrome prices resumed their decline, which reflects weaker demand from mills and traders, which have a broadly bearish outlook on forthcoming announcements on tenders from major mills. Charge chrome prices dropped in...Read More
Austenitic alloy steel scrap prices in the UK domestic market were largely stable this week because low demand was matched by dwindling supply, sources said on Friday November 29.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,250 ($1,512-1,615) per tonne on November 29, widening upward by ?20 per tonne and returning to the level...Read More
The three-month price of nickel traded on the London Metal Exchange continued its descent below $14,000 per tonne to close at $13,675 per tonne on Friday 29, down by 2.3%, amid stainless steel demand concerns and ongoing macro tension between the United States and China. Nickel futures have come under constant pressure from the LME three-month nickel price depreciating by 27% to its current level...Read More
Benchmark fob Australia prices for alumina remained below $280 per tonne in the week ended Friday November 29 despite deals for India-origin material still being made at higher levels.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $277.81 per tonne on Friday, down from $279.30 per tonne at the start of the week.Key drivers The most recent fob Australia deal this week w...Read More
Copper stocks at Shanghai Futures Exchange-approved warehouses recorded the largest drop in percentage terms in the week ended Friday November 29.Copper inventories dropped by 11%, or 14,845 tonnes, week on week to 120,192 tonnes on Friday.Warehouses operated by SIPG Logistics in Shanghai registered the largest outflow, at 7,533 tonnes.Analysts attributed the slump in...Read More
A significant 42,050 tonnes of aluminium was put back into London Metal Exchange-approved warehouses on the morning of Friday November 29 while metal holders' bids to put nearby spreads into contango continue but as yet remain unsuccessful.A total of 25,275 tonnes entered LME-approved sheds in Port Klang, Malaysia, while 15,800 tonnes was delivered into warehouses in Singapore. A smaller delivery...Read More