Turkey produced 22.55 million tonnes of crude steel in January-August 2019, down by 10.46% from 25.19 million tonnes in the corresponding eight-month period of last year, the Turkish Steel Producers Association (T???oeD) said last week.The drop in output was largely attributed to subdued end-user demand and weakening export markets for Turkish steel.The European Commission (EC) imposed definitive...Read More
China's rebar prices moved up on Monday September 23 after news broke that a few steelmaking regions would restrict production from this week. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($516-520) per tonne, up 50 yuan per tonneNorthern China (Beijing): 3,570-3,610 yuan per tonne, up 20 yuan per tonneLocal authorities in Tangshan are tightening steelmaking restrictions ahead of the countr...Read More
Import prices for steel slab in Southeast Asia and East Asia breached the psychological floor of $400 per tonne for the first time since July 2017 on Monday September 23 amid weakness in the downstream hot-rolled coil market.A producer in the Commonwealth of Independent States sold 40,000 tonnes of slab to Southeast Asia at $400 per tonne cfr during the week to Monday.After the transaction at $400...Read More
Chinese ferro-silicon smelters held their offer prices, which earlier this month hit a 27-month low, last week in expectation of renewed demand from consumers in the steel sector ahead of a national holiday next week, while in Europe steelmakers seemed in no rush to replenish their ferro-alloys feedstocks. China ferro-silicon market stable ahead of new tenders due before a public holiday next wee...Read More
The market for low carbon ferro-chrome (0.10% C) in Europe rose on Friday September 20, indicating that prices had bottomed-out at a historic low level, with demand remaining subdued. Rise in low- and high-carbon alloy prices in Europe Spot alloy prices firm in China on higher Tisco tender price Imported alloy price in China steady Imported chrome ore prices stable US alloys fall amid weak demand....Read More
Stainless steel prices in Europe were stable this week amid expectations of dramatically increased alloy surcharges for October, sources told Fastmarkets on Friday September 20.October alloy surcharges will be based on nickel prices between August 21 and September 20. During this time, the average price for nickel, 3-months, London Metal Exchange Daily Official, was $17,178 per tonne, up by $2,183...Read More
Turkey produced 22.55 million tonnes of crude steel in January-August 2019, down by 10.46% from 25.19 million tonnes in the corresponding eight-month period of last year, the Turkish Steel Producers Association (T???oeD) said last week.The drop in output was largely attributed to subdued end-user demand and weakening export markets for Turkish steel.The European Commission (EC) imposed definitive...Read More
Chinese ferro-silicon smelters held their offer prices, which earlier this month hit a 27-month low, last week in expectation of renewed demand from consumers in the steel sector ahead of a national holiday next week, while in Europe steelmakers seemed in no rush to replenish their ferro-alloys feedstocks. China ferro-silicon market stable ahead of new tenders due before a public holiday next wee...Read More
The market for low carbon ferro-chrome (0.10% C) in Europe rose on Friday September 20, indicating that prices had bottomed-out at a historic low level, with demand remaining subdued. Rise in low- and high-carbon alloy prices in Europe Spot alloy prices firm in China on higher Tisco tender price Imported alloy price in China steady Imported chrome ore prices stable US alloys fall amid weak demand....Read More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 23, closing above the $2.300 per tonne threshold and topping the gains in the base metals complex, while sister-metal lead fell furthest over the afternoon.Zinc futures closed at $2,331 per tonne in the afternoon, breaching nearby resistance despite moderately thin turnover, with just ove...Read More
Sentiment in the ammonium paratungstate (APT) market improved in the week ended Friday September 20 following a successful auction of the entire stock of tungsten held by the defunct Fanya exchange, while concentrates prices jumped by another 2.6% with support from continued supply tightness. Successful Fanya APT auction supports Chinese, European markets Concentrates prices continue to rise on ti...Read More
Here are five Fastmarkets MB stories from Monday September 23 that are worth another look.China has announced a fourth round of copper scrap import quotas to allow an extra 31,658 tonnes of copper scrap into the country by the end of 2019, the environmental ministry said on September 23.Faced with high and increasing emissions costs during a period of challenging market conditions, the steel indus...Read More
Faced with high and increasing emissions costs during a period of challenging market conditions, the steel industry is driving a change toward carbon neutral and fossil-fuel-free steel production in a bid to evolve and stay afloat.Many European steel producers have reported significant falls in profits in recent results due to weaker demand for steel during an economic downturn, the disruption of...Read More
The three-month zinc price on the London Metal Exchange was higher at the close of trading on Monday September 23, closing above the $2.300 per tonne threshold and topping the gains in the base metals complex, while sister-metal lead fell furthest over the afternoon.Zinc futures closed at $2,331 per tonne in the afternoon, breaching nearby resistance despite moderately thin turnover, with just ove...Read More
China's domestic hot-rolled coil prices rebounded on Monday September 23 with market participants expecting a supply drop due to production cuts, while exporters remained relatively conservative amid fierce competition from abroad.DomesticEastern China (Shanghai): 3,650-3,670 yuan ($515-517) per tonne, up 50-60 yuan per tonneNorthern China (Tangshan): 3,600 yuan per tonne, up 40-60 yuan per tonneB...Read More
Trading activity for seaborne coking coal was muted on Monday September 23, with market participants awaiting fresh offers.Premium hard coking coal, fob DBCT: $128.19 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $154.98 per tonne, unchangedHard coking coal, fob DBCT: $122.50 per tonne, unchangedHard coking coal, cfr Jingtang: $132.76 per tonne, unchangedLow-vol PCI, fob DBCT: $98.94...Read More
Turkey produced 22.55 million tonnes of crude steel in January-August 2019, down by 10.46% from 25.19 million tonnes in the corresponding eight-month period of last year, the Turkish Steel Producers Association (T???oeD) said last week.The drop in output was largely attributed to subdued end-user demand and weakening export markets for Turkish steel.The European Commission (EC) imposed definitive...Read More
Turkish steel mills were still booking deep-sea scrap at stable prices at the start of the week while negotiations for further transactions continued, sources said on Monday September 23.A steel producer in the Iskenderun region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $233 per tonne, 4,000 tonnes of shredded at $238 per tonne and 4,000 tonnes of bonus at $243 per tonne cf...Read More
Here are five Fastmarkets MB stories from Monday September 23 that are worth another look.China has announced a fourth round of copper scrap import quotas to allow an extra 31,658 tonnes of copper scrap into the country by the end of 2019, the environmental ministry said on September 23.Faced with high and increasing emissions costs during a period of challenging market conditions, the steel indus...Read More
China has announced a fourth round of copper scrap import quotas to allow an extra 31,658 tonnes of copper scrap into the country by the end of 2019, the environmental ministry said on Monday September 23. The latest quota, permitting less shipments than in the previous three releases, brings the total volume of copper scrap imports allowed into the country in the second half of 2019 to 484,767 to...Read More