Low-grade manganese ore cif prices fell over the past week, with some buyers holding back from purchasing in the hope of lower prices. 37% cif China prices fall in response to low demand High-grade ore price stable Alloys in India fall again, sparking output cuts Weak market dampens European alloy prices Alloy prices stable in the United StatesThe low-grade seaborne manganese ore price in China co...Read More
Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Baj?-o where downward momentum in the United States scrap market has begun to have an impact.In Mexico's central Baj?-o region, Fastmarkets' weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o, fell to $4,750 pesos per tonne on Tuesday September 17, from 4,900 pesos per tonn...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on the second working day of the week amid limited demand for finished long steel, sources told Fastmarkets on Tuesday September 17.The latest transaction was a cargo from the United States at the end of last week, which was sold at $240 per tonne cfr for HMS 1&2 (80:20), $245 per tonne for shredded and $250 per to...Read More
Higher oil prices are not going to do the manufacturing sector any favors, other than in parts of the oil industry itself, and that seems to be being reflected in the markets where prices are under pressure again this morning, Tuesday September 17.For now, the rally on optimism that an interim United States-China trade deal may be forthcoming seems to have been overtaken by concerns over what dama...Read More
Buying activity softened further in the export markets for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States during the week ended Monday September 16, because prices have been falling too fast.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $420-435 per tonne on September 16, down from $430-438 per tonne a week earlier."There...Read More
Chinese cold-rolled coil and hot-dipped galvanized coil export prices held steady over the past week amid stable domestic demand, although trading activity remained sluggish in the export markets.Cold rolled coilFastmarkets' weekly price assessment for steel cold-rolled coil export, fob China, was $505-510 per tonne on Tuesday September 17, unchanged from a week earlier.On Tuesday, Liaoning-based...Read More
China's hot-rolled coil prices dropped on Tuesday September 17, tracking a weakening futures market amid slower buying.DomesticEastern China (Shanghai): 3,690-3,700 yuan ($522-523) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,600-3,620 yuan per tonne, down 10-20 yuan per tonneHRC futures fell during the day, along with trading activity, which weighed on spot prices, a source in Sh...Read More
Import prices for steel billet in the United Arab Emirates fell this week because of weak demand, and rebar prices were also expected to decline, sources said on Tuesday September 17. Market participants expect new domestic rebar prices to be announced in the near future, Fastmarkets understands. Billet imports Billet was on offer from Oman at about $405-410 per tonne cpt, but no si...Read More
Wire rod price export prices from the Commonwealth of Independent States continued to slide over the past week due to a lack of demand and growing competition with Turkish suppliers. The Turkish steelmakers reduced their export prices last week in attempt to attract customers and, in response, offers from the CIS region -particularly from Russia - dropped to $440-445 per tonne fob Black...Read More
China's domestic rebar prices held steady on Tuesday September 17 amid falling futures and an inactive market. Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($526-530) per tonne, unchangedNorthern China (Beijing): 3,640-3,670 yuan per tonne, unchangedSellers kept their prices flat to wait for more changes in the futures market, sources said.Market participants did not see a clear trend in th...Read More
Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Baj?-o where downward momentum in the United States scrap market has begun to have an impact.In Mexico's central Baj?-o region, Fastmarkets' weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o, fell to $4,750 pesos per tonne on Tuesday September 17, from 4,900 pesos per tonn...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on the second working day of the week amid limited demand for finished long steel, sources told Fastmarkets on Tuesday September 17.The latest transaction was a cargo from the United States at the end of last week, which was sold at $240 per tonne cfr for HMS 1&2 (80:20), $245 per tonne for shredded and $250 per to...Read More
Seaborne iron ore concentrate prices continued to see narrower discounts last week, while pellet market activity remained lackluster.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $99.54 per tonne last Friday September 13, up by $4.48 per tonne week on week.And Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao,...Read More
Import prices for steel billet in the United Arab Emirates fell this week because of weak demand, and rebar prices were also expected to decline, sources said on Tuesday September 17. Market participants expect new domestic rebar prices to be announced in the near future, Fastmarkets understands. Billet imports Billet was on offer from Oman at about $405-410 per tonne cpt, but no si...Read More
Import prices for steel slab in Southeast Asia and East Asia continued to decline over the past week because of weakness in the downstream flat steel markets caused by sluggish demand and lower prices, market sources said.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, fell to $405-410 per tonne on Monday September 16, its lowest level in more than two...Read More
China's domestic rebar prices held steady on Tuesday September 17 amid falling futures and an inactive market. Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($526-530) per tonne, unchangedNorthern China (Beijing): 3,640-3,670 yuan per tonne, unchangedSellers kept their prices flat to wait for more changes in the futures market, sources said.Market participants did not see a clear trend in th...Read More
The export price for Chinese ferro-silicon, which earlier this month hit a 27-month low amid persistent weak demand and tough international competition, stabilized in the week to Friday September 13 but spot buying interest was negligible. Chinese market stabilizes losses but this was viewed as a pause amid consumer absence. European price range narrowed lower while suppliers await fourth-q...Read More
Low-grade manganese ore cif prices fell over the past week, with some buyers holding back from purchasing in the hope of lower prices. 37% cif China prices fall in response to low demand High-grade ore price stable Alloys in India fall again, sparking output cuts Weak market dampens European alloy prices Alloy prices stable in the United StatesThe low-grade seaborne manganese ore price in China co...Read More
The European ferro-vanadium market continued its downtrend last week amid thin spot buying and prevailing bearish sentiment. European ferro-vanadium price continues downtrend on sluggish trading Chinese ferro-vanadium price stable in quiet spot market Wide China-Europe price gap remainsChina's V2O5 export price continues to sink, tracks the trend in the domestic marketThe ferro-vanadium export pr...Read More
The pellet segment of the seaborne iron ore market is starting to show signs of moving from annual contracts to shorter-term ones.The recent drop in iron ore prices amid improvements in Brazilian and Australian supply and a weak global steel market have led to buyers renegotiating the premium they had agreed with Brazil's Vale under annual contracts for pellet shipments to be made in the last thre...Read More