Global scrap prices continued to fall in all of the major markets during the working week from Monday September 23 to Friday September 27, because of the limited demand for finished steel and widespread negative sentiment. Turkey booked more cargoes for November, prices down Cheaper Turkish cargoes drove down US prices on both coasts Price fall continuds in Southeast Asia amid bearish sentiment Tr...Read More
Indian domestic secondary billet prices in the week ended Friday September 27 fell by 600 rupees ($8) per tonne on subdued buying by finished product makers.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on September 27, was down by 600 rupees per tonne to 26,500-26,700 rupees ($374-377) per tonne compared with last week's assessment at 27,100-27,300 rupees per tonne....Read More
Steel billet prices in the CIS region decreased slightly in the week to Thursday September 26 after last week's rebound, because of the resumed weakening of scrap prices in Turkey.Several billet cargoes were reported sold to Asia and Egypt at prices of less than $360 per tonne fob Black Sea, Fastmarkets learned.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was $357 per ton...Read More
Southeast Asian steel billet prices tumbled in the week to Friday September 27 because of a supply glut in the region after producers in various countries lowered their offer prices to entice buyers, market sources told Fastmarkets.Southeast Asia remains the most active billet import market with buyers continuing to book cargoes while demand from other parts of the world softens, a trader in South...Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday September 27. Europe The high carbon ferro-chrome price dropped at the top end of the current range after reports of deals done below that range, although most sources reported quiet business conditions.The market is expected to be relatively quiet ahead of the fourth-quarter European charge and h...Read More
Stainless steel prices in Europe have remained stable for a second week but increases will be inevitable next week because of higher October alloy surcharges, sources told Fastmarkets on Friday September 27.Because of high nickel prices in recent weeks, it was expected that some European stainless steel mills this week would announce monthly alloy surcharges for October at substantially higher lev...Read More
Aluminium billet premiums in Europe and Brazil fell to new lows on Friday September 27, while spot market illiquidity in Asia and the United States left the premium in each of those regions unchanged. European premiums fall to multi-year lowsBrazilian premium dampened by weak demandThai premium extends inactivity to nine monthsUS premium flat for eight weeks; contract talks ongoingPoor demand plag...Read More
Pig iron exporters in the south of Brazil have resumed sales activity after a month-long silence, although the price has gone down because of low demand in response to falling scrap prices.Fastmarkets' weekly price assessment for pig iron, export, fob Vitorio/Rio, Brazil, was $275-280 per tonne on Friday September 27, down from $285-300 per tonne last week.Over the week, suppliers sold several car...Read More
The inter-merchant spot market for UK light iron scrap fell again during the week ended Friday September 27 after briefly stabilizing the week before, with shredders cutting their offer prices and smaller suppliers matching that move.The market is expecting further price losses in the near term due to weaker steel sector demand, as well as lower prices in European export markets to Turkey and the...Read More
Indian domestic secondary billet prices in the week ended Friday September 27 fell by 600 rupees ($8) per tonne on subdued buying by finished product makers.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on September 27, was down by 600 rupees per tonne to 26,500-26,700 rupees ($374-377) per tonne compared with last week's assessment at 27,100-27,300 rupees per tonne....Read More
Pig iron shipments from the Commonwealth of Independent States, which cover almost two thirds of global exports, are expected to decrease in 2019 after reaching a peak in 2018 because suppliers are redirecting pig iron from the export market for captive use, sources told Fastmarkets.Over the first half of 2019, pig iron exports from Russia and Ukraine came to 3.5 million tonnes, according to data...Read More
A lesser volume of 3,925 tonnes flowed out of global LME warehouses at the same time, while 325 tonnes were freshly cancelled. LME aluminium stocks were 914,725 tonnes on the day.Fresh inflows of aluminium into London Metal Exchange-approved warehouses capped any gains in the light metal's three-month price at the afternoon close of trading on Friday September 27.The LME three-month aluminium pric...Read More
Physical iron ore fines prices were rangebound on Friday September 27 while the lump premium traded higher.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.85 per tonne, down by $0.06 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.24 per tonne, down by $0.06 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90.46 per tonne, up by $1.01 per tonne.58% Fe fines high-premium, cfr Qin...Read More
Trading activity in the second-tier hard coking coal segment of the seaborne market emerged this week after several weeks of inactivity.Premium hard coking coal, fob DBCT: $132.73 per tonne, down $0.87 per tonnePremium hard coking coal, cfr Jingtang: $153.59 per tonne, unchangedHard coking coal, fob DBCT: $121.25 per tonne, down $1.25 per tonneHard coking coal, cfr Jingtang: $132.76 per tonne, unc...Read More
Global scrap prices continued to fall in all of the major markets during the working week from Monday September 23 to Friday September 27, because of the limited demand for finished steel and widespread negative sentiment. Turkey booked more cargoes for November, prices down Cheaper Turkish cargoes drove down US prices on both coasts Price fall continuds in Southeast Asia amid bearish sentiment Tr...Read More
European austenitic alloy steel scrap prices dropped again this week, pressured lower by poor demand, sources told Fastmarkets on Friday September 27. Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK was ?780-820 ($963-1,012) per tonne on Friday, down by ?40-50 per tonne from a week earlier.This is the third consecutive week that decrea...Read More
A lesser volume of 3,925 tonnes flowed out of global LME warehouses at the same time, while 325 tonnes were freshly cancelled. LME aluminium stocks were 914,725 tonnes on the day.Fresh inflows of aluminium into London Metal Exchange-approved warehouses capped any gains in the light metal's three-month price at the afternoon close of trading on Friday September 27.The LME three-month aluminium pric...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The federal court in Bel?(C)m, Brazil, has lifted its final embargo on Alunorte's new bauxite residue disposal (DRS2) under a criminal lawsuit, Norwegian aluminium producer Norsk Hydro announced on Thursday September 26.The decision by the federal court to lift the DRS2 embargo under the criminal lawsuit comes after a similar decision on September 20 to lift the DRS2 embargo under a civil lawsuit....Read More
All base metal stocks at Shanghai Futures Exchange-approved warehouses, declined in the week to Friday September 27, attributed to active restocking to cover operations during China's week-long National Day holiday on October 1-7. Copper stocks registered the largest drop in percentage terms, falling by 17% or 23,924 tonnes to 117,455 tonnes as of Friday. The largest outflow in copper inventories...Read More