Weaker demand from the automotive market and high mill capacity have softened cold-heading quality (CHQ) wire rod prices, while high carbon wire rod prices remained flat from the previous month. Fastmarkets AMM's monthly pricing assessment for cold-heading quality wire rod North American delivered duty paid Great Lakes region dropped to $39.50 per hundredweight ($790 per short ton) on Fr...Read More
The United States Department of Commerce has revised the final dumping and subsidy margins, and cash deposit rates, to be imposed on imports of rebar from Turkey.These were based on affirmative final determinations by Commerce and by the US International Trade Administration, published on July 18.Commerce determined that several companies "received countervailable subsidies during the period of re...Read More
China's rebar prices increased slightly on Monday July 22 on concerns that the country's steelmaking hub in the north would tighten production curbs over the remainder of this month.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10-20 yuan per tonneA steelmaker in Tangshan was reported to have i...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.Steel mills kept their buy prices for auto bundle scrap flat, and ship scrap prices were also stable.Fastmarkets' weekly price assessment...Read More
A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.News of this cargo came to light on Monday but it was reported to have sold on July 19.A steel mill in the Marmara region bought a Baltic Sea cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $295...Read More
Seaborne iron ore prices fell across the board on Monday July 22, amid environmental restrictions imposed on steelmakers in north China.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $118.33 per tonne, down $3.46 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $118.25 per tonne, down $3.46 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina...Read More
Import prices for steel slab in Southeast Asia and East Asia inched lower over the past week because of sluggish demand.Producers in Brazil were unwilling to lower their offers below $420 fob due to the high cost of raw materials, sources said.Slabe from the Commonwealth of Independent States (CIS), meanwhile, was available at $445-450 per tonne cfr Southeast Asia. Buyers in Indonesia in...Read More
China's rebar prices increased slightly on Monday July 22 on concerns that the country's steelmaking hub in the north would tighten production curbs over the remainder of this month.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10-20 yuan per tonneA steelmaker in Tangshan was reported to have i...Read More
Fastmarkets is proposing changes to the specifications of its price assessment for steel slab imports, cfr Southeast Asia/East Asia, $/tonne.The proposed amendment to the quantity of slab cargoes to be assessed is made in response to changing market conditions. This will enable Fastmarkets to take more cargoes into consideration when making the weekly price assessment.The full specifications, once...Read More
Fastmarkets has discontinued the publication of the stainless steel grade-304 Europe raw materials index, with effect from Monday July 22.After a two-month consultation period, Fastmarkets has decided to discontinue the assessment of the stainless steel 304 index domestic, exw EU.This index, which was intended to represent the costs of the raw materials needed to produce grade-304 stainless steel,...Read More
China is imposing anti-dumping duties on imports of stainless steel billet, slab, hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, the country's Ministry of Commerce said on Monday July 22.The duties will apply for five years beginning on July 23 after a final ruling in an anti-dumping investigation found that the imports caused substantial dama...Read More
China is imposing anti-dumping duties on imports of stainless steel billet, slab, hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, the country's Ministry of Commerce said on Monday July 22.The duties will apply for five years beginning on July 23 after a final ruling in an anti-dumping investigation found that the imports caused substantial dama...Read More
Eastern China steelmaker Shagang has rolled over the list prices for its rebar and wire rod booked and shipped in late July.The mill is selling its HRB400 16-25mm rebar at 4,170 yuan ($606) per tonne over the July 21-31 period, unchanged from the previous period, it said on Sunday July 21. Shagang also kept its price...Read More
Nickel's three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin's 1.3% climb. Nickel's three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.Steel mills kept their buy prices for auto bundle scrap flat, and ship scrap prices were also stable.Fastmarkets' weekly price assessment...Read More
A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.News of this cargo came to light on Monday but it was reported to have sold on July 19.A steel mill in the Marmara region bought a Baltic Sea cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $295...Read More
Fastmarkets has changed the frequency of publication of its fob Guinea and fob Brazil bauxite price assessments to monthly from fortnightly. Following a one-month consultation, the Bauxite, fob Kamsar, Guinea and Bauxite, fob Trombetas, Brazil price assessments will now be published on the third Thursday of every month at 2-3pm London time. The next publication of these prices will be Thursday Aug...Read More
Here are five Fastmarkets MB stories you might have missed on Monday July 22 that are worth another look.The wide differential between ferro-vanadium prices in China and Europe has prompted some European vanadium suppliers to deliver their cargoes to China to take advantage of the more favorable price in the Asian country, market sources told Fastmarkets. ERG has appointed Telf AG the exclusive of...Read More
Nickel's three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin's 1.3% climb. Nickel's three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an...Read More
China's hot-rolled coil prices regained some strength on Monday July 22 after local authorities in Tangshan, the steelmaking hub in northern China, reiterated production cuts for steelmakers under their jurisdiction.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($564-567) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 10 yuan per tonneSpot prices rose...Read More