Indian domestic secondary billet prices rose by 300 rupees ($4) per tonne week-over-week in the seven days ended Friday September 13, on the rising costs of finished long steel products and tight supply of semi-finished materials.The price of steel billet domestic, ex-works India, assessed by Fastmarkets on September 13, was up by 300 rupees per tonne to 27,400-27,600 rupees ($385-388) per tonne f...Read More
Domestic rebar prices in Poland have moved down over the past week due to declines in ferrous scrap prices across Europe, sources told Fastmarkets on Friday September 13.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, was 2,080-2,130 zloty ($529-542) per tonne on September 13, down by 20 zloty from 2,100-2,150 zloty per tonne one week earlier.The asses...Read More
Prices for ferrous scrap imported into India moved down again this week after several deals were heard at lower prices, setting a fresh year-to-date low, sources told Fastmarkets on Friday September 13.Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $262.71 per tonne on Friday, down by $15.29 per tonne from $278 per tonne one week ago.This...Read More
The inter-merchant spot market for UK light iron scrap dropped for a second consecutive week on Friday September 13, tracking weaker prices in monthly delivery settlements to consumers.Still, with major shredders needing high volumes of scrap to make their machines cost-effective, the drop in the inter-merchant light iron market has been only small, despite heavier losses in consumer delivered pri...Read More
The UK ferrous scrap market for deliveries to domestic consumers in September has settled with prices for all grades down by an average of about ?25 ($31) per tonne.Weakness in consumer demand both at home and abroad influenced the price settlements, industry sources told Fastmarkets in the week ended Friday September 13.The market showed some initial settlements down by ?15-20 per tonne, but st...Read More
Turkish steelmakers returned to the deep sea scrap market at the end of the week and prices edged up slightly as a result, sources told Fastmarkets on Friday September 13.A steel mill in the Izmir region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $240 per tonne, 15,000 tonnes of shredded at $245 per tonne and 2,000 tonnes of bonus at $250 per tonne cfr.The previous ...Read More
Trading activity in the seaborne coking coal market was muted on Friday September 13, with China observing a public holiday.Premium hard coking coal, fob DBCT: $148.15 per tonne, down $1.19 per tonne Premium hard coking coal, cfr Jingtang: $167.76 per tonne, unchangedHard coking coal, fob DBCT: $131.75 per tonne, unchangedHard coking coal, cfr Jingtang: $150.26 per tonne, unchangedLow-vol PCI, fob...Read More
Seaborne iron ore prices were flat on Friday September 13 due to a muted market and a public holiday in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $99.30 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $99.69 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $97.60 per tonne, unchanged.58% Fe fines high-premium, cfr Qingdao: $86.57 per tonne, unchanged.65%...Read More
Online trading platform Global Coal will allow its users to buy and sell premium low-vol hard coking coal products from October 9.A new segment - HCCLV - will allow the trading of BHP Mitsubishi Alliance's Saraji and Peak Downs products on an fob Australia basis, according to a statement from Global Coal on Thursday September 12.At the moment, only mid-vol brands of Australian premium coking coal...Read More
An overview of the minor metals markets and their latest price moves.Read More
The following Fastmarkets minor metals prices changed on Friday September 13:Chromium alumino-thermic 99% min, in-whs Rotterdam, $/tonne: $6,550-6,700 per tonne...Read More
Stainless steel prices in Europe increased sharply this week because of both the higher alloy surcharges for September and an expectation that October surcharges will also increase strongly, Fastmarkets heard on Friday September 13.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,390-2,450 ($2,636-2,703) per...Read More
The range for aluminium pressure diecasting ingot DIN226/A380 fell on Friday September 13 with lower European scrap prices forcing ingot producers to sell more cheaply in the face of weak automotive sector demand.Fastmarkets assessed the price for aluminium pressure diecasting ingot DIN226/A380 at ?,?1,340-1,390 ($1,478-1,533) per tonne, down from ?,?1,350-1,400 per tonne the previous week, a leve...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday September 12, while considerable tightness in the metal's forward spreads prompted market questions of prospective deliveries into LME warehouses to ease trading conditions.Despite moderately low volumes at just over 6,000 lots exchanged by the close, nickel's benchmark cash/three-month spread s...Read More
The proposal by Hong Kong Exchanges & Clearing Ltd (HKEX) to buy the London Stock Exchange Group (LSEG) has raised a number of questions among metals market participants, most of whom are skeptical that the deal will go through during a time of political upheaval.HKEX's ?29.6-billion ($36.5-billion) proposal to acquire the LSEG was announced on Wednesday September 11, and comes seven years a...Read More
All base metal stocks at Shanghai Futures Exchange-approved warehouses, barring tin, fell in the week to Thursday September 12 as a result of a pick-up in activity at the start of the traditionally busy season of September and October for the non-ferrous metals sector. Copper registered the largest drop in percentage terms, tumbling by 6.1% or 9,871 tonnes to 152,188 tonnes as of Thursday. The lar...Read More
Domestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 15,300-15,700 yuan ($2,150-2,206) per tonne including value-added tax for the week ended Wednesday September 11, narrowing on both...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 11.Key drivers The ferro-titanium market was stable for the second consecutive week, with prices in a holding pattern until consumer tenders for deliveries in the fourth quarter are settled. Quarterly delivery contracts for shipment between October and December were expected to be agreed by the end of September. No deals h...Read More
The Turkish steel mills continued their silence in the deep-sea scrap markets on expectations of lower prices, while suppliers were keeping their offers firm, sources said on Thursday September 12.There have been no bookings confirmed since a steel mill in the Izmir region booked a Baltic Sea cargo of 25,000 tonnes of HMS 1&2 (80:20) at $240 per tonne cfr late on September 9.But the mills were see...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 11.Key drivers The ferro-titanium market was stable for the second consecutive week, with prices in a holding pattern until consumer tenders for deliveries in the fourth quarter are settled. Quarterly delivery contracts for shipment between October and December were expected to be agreed by the end of September. No deals h...Read More