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
Indian hot-rolled coil producers have increased their export prices for the commodity by at least $10 per tonne in the past week, citing higher demand and raised prices in the domestic market.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $445-450 per tonne on November 29, an increase of $10-15 per tonne compared with last week's assessment at $430-...Read More
Brazilian steelmaker Usiminas has decided to postpone a revamp of the No3 blast furnace at its Ipatinga mill in the southeastern state of Minas Gerais, by 12 months to mid-2022, the company said on Thursday November 28."Our analysis showed that the blast furnace is able to keep going for another year, so our board of directors approved the delay," Usiminas' chief financial officer, Alberto Ono, to...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), were stable in the week to Friday November 29, with demand strong in the domestic market because of expectations that prices will rise further, sources have told Fastmarkets.The rise in raw materials costs was the reason for the higher steel prices, they added.Fastmarkets' daily index...Read More
Rebar producers in Poland have been boosting demand by giving discounts on their products in the week to Friday November 29, a week after announcing price rises, sources told Fastmarkets.As a result, Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was 1,970 -2,000 zloty ($502-510) per tonne on November 29, compared with 2,000-2,050 zloty per tonne...Read More
Turkish flat steel producers increased their prices slightly during the week ended Friday November 29, with demand strong in the market because of the expectation that prices will increase further.Raw material prices, especially those for scrap, have also continued to increase recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $268.32 per tonne on No...Read More
The price of ferrous scrap imported into India climbed by less than $1 per tonne this week while market participants struggled to source material, they told Fastmarkets.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $282.56 per tonne on Friday November 29, up from $281.98 per tonne last week."The market picked up a little bit today," a trader said. "Next month is only half...Read More
Pig iron export prices from Brazil increased further in the week ended Friday November 29 because of further sales to China and the United States.Fastmarkets' weekly price assessment for pig iron export, fob port of Vitoria/Rio climbed to $302-303 per tonne on Friday from $295-300 per tonne a week earlier.One trader reportedly bought 60,000 tonnes at $302-303 per tonne fob in position, although so...Read More
Turkish steel scrap import prices continued to strengthen in the latest deep-sea cargo, despite sluggish demand for finished rebar and billet, sources said on Friday November 29.A steel mill in the Marmara region booked a European cargo, comprising HMS 1&2 (75:25) at $263 per tonne and bonus at $278 per tonne cfr. The cargo composition was not clear at the time of publication.This was only the sec...Read More
Pig iron exporters from the Commonwealth of Independent States were bullish in the week to Friday November 29 because of low availability and several sales to the United States and China.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea was $300-305 per tonne on November 28, narrowing upward from $295-305 per tonne fob a week ago.A sale was heard to...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials....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 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
Global silico-manganese output dropped in October compared with September in all regions except the CIS, according to the International Manganese Institute (IMnl).World silico-manganese supply dropped by 2.6% from September to 1.61 million tonnes due to Chinese smelters cutting production, which offset rising output in India, Malaysia and South Korea.The CIS region produced 122,000 tonnes of silic...Read More
An overview of the minor metals markets and their latest price moves.Read More
The Chinese domestic indium price will probably slip further in the coming weeks amid the prevailing weak market sentiment, delegates to a minor metals conference in the country's Hunan province told Fastmarkets this week.During the Chinese Minor Metals Forum held in Changsha city over November 27-28, many market participants cited their concerns over a possible round of auctions in the coming mon...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.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
Demand from key markets Vietnam and South Korea was strong this week, with major steel mills procuring large quantities of imported scrap.Taiwanese buyers also continued to pay higher for imported cargoes, although a major holiday in its key supplier the United States meant that there was less liquidity in the Taiwan import market this week.VietnamFastmarkets' price assessment for bulk shipments o...Read More