Turkish steel mills returned to the deep-sea scrap market on Friday September 24, ending a week-long absence and booking at least one new cargo, market sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic-sea origin cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $434 per tonne and 3,000 tonnes of bonus at $449 per tonne. ...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
Aluminium scrap prices in the United States nudged higher week on week amid healthy domestic and overseas demand and a continued upward trend in futures prices on the London Metal Exchange. Solid demand in the non-automotive side of the sector, such as consumer products, has helped to mitigate some of the impact from sluggish volumes into automotive suppliers, who continue to face disruptions driv...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
Prices moved up in several major Asian import scrap markets in the week to Friday September 24, reflecting moves to replenish stocks at mills in Taiwan and Vietnam as well as fresh domestic scrap price increases in Japan.Turkey stays largely quiet following last week's bookingsUS exporters struggle to source shredded materialVietnam returns for Japan-origin scrap amid demand uptickChina import scr...Read More
Prices for shredded steel scrap imports into Pakistan softened during the week to Friday September 24, with Indian scrap also inching lower, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $520.32 per tonne on Friday, down from $526.91 per tonne one week previous, and from $530.42 per tonne one fortnight ago.A dea...Read More
Prices moved up in several major Asian import scrap markets in the week to Friday September 24, reflecting moves to replenish stocks at mills in Taiwan and Vietnam as well as fresh domestic scrap price increases in Japan.Turkey stays largely quiet following last week's bookingsUS exporters struggle to source shredded materialVietnam returns for Japan-origin scrap amid demand uptickChina import scr...Read More
China's Chengxin Lithium International, a subsidiary of the Chengxin Lithium Group, is planning to enter into a joint venture lithium project in Indonesia with Singapore's Stellar Investment.It plans to invest $350 million in the joint venture whose proposed name is PT ChengTok Lithium Indonesia, it said on Friday September 24.Chengxin Lithium International will hold a 65% stake in the joint ventu...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Concerns among steel market participants have increased after reports by a major local information provider suggesting that some pipe mills in Hebei province's Tangshan and Tianjin have been required to suspend operations fo...Read More
Domestic prices for hot-rolled coil dropped in Northern Europe and Italy on Friday September 24 on limited trading, sources told Fastmarkets.Buyers have mostly been taking a "wait-and-see" strategy in anticipation of further price falls. In addition, market participants said most buyers already have sufficient stocks to last until the end of the year.Lower demand for steel from the automotive indu...Read More
China's domestic rebar prices ended the week high despite shedding some losses on Friday September 24 amid falling futures.Domestic Eastern China (Shanghai): 5,780-5,820 yuan ($895-901) per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 5,480-5,520 yuan per tonne, up by 180 yuan per tonneRestocking demand continued to drop during the day in the country's eastern region...Read More
September has been a very eventful month so far for the Chinese silico-manganese and ferro-silicon markets. In the first three weeks, the futures prices for both products kept rising to new heights against market expectations.Market participants have grown antsy in the absence of any indication of a slowdown in this upward momentum. They believe the unprecedented price rally has gone far beyond ma...Read More
Aluminium billet premiums mostly rose on Friday September 24, setting new record highs or being supported at such levels, as more expensive offers for 2022 negotiations advanced.EuropeFastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,350-1,400 per tonne on Friday, up from $1,320-1,370 per tonne a week prior and from $1,220-1,270 per tonne a mon...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
Coated steel coil producers in Turkey gave more discounts to buyers during the week to Friday September 24 to encourage sales amid weak demand, sources told Fastmarkets.Lower prices for hot-rolled coil in the country this week also contributed to the drop in coated coil values.Fastmarkets' assessed steel hot-rolled coil, domestic, exw Turkey at $890-920 per tonne on Friday, a $10 decrease week on...Read More
Indian steel mills kept their prices for domestic cold-rolled coil and galvanized coil steady in the week to Friday September 24, even with traders selling such downstream flat steel products at significant discounts in the local markets, Fastmarkets has learnt.The price of steel hot-dipped galvanized coil, domestic, ex-whse India, was assessed at 80,500-81,500 rupees ($1,091-1,104) per tonne on F...Read More
Turkish steel mills returned to the deep-sea scrap market on Friday September 24, ending a week-long absence and booking at least one new cargo, market sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic-sea origin cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $434 per tonne and 3,000 tonnes of bonus at $449 per tonne. ...Read More
Indian steel mills kept their prices for domestic cold-rolled coil and galvanized coil steady in the week to Friday September 24, even with traders selling such downstream flat steel products at significant discounts in the local markets, Fastmarkets has learnt.The price of steel hot-dipped galvanized coil, domestic, ex-whse India, was assessed at 80,500-81,500 rupees ($1,091-1,104) per tonne on F...Read More