Indian local secondary billet prices in the current week have fallen sharply by at least 1,600 rupees ($23) per tonne on weak demand while finished product makers such as rebar mills curtailed purchasing semi-finished products.Fastmarkets' assessment of the price for Indian domestic secondary billet stood at 28,100-28,300 rupees per tonne ex-works on Friday June 21, down by 1,600 rupees per tonne....Read More
The light iron market has dropped ?5 ($6.35) per tonne in the UK over the past week, on slower domestic demand and a fall in European export prices, sources told Fastmarkets on Friday June 21.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($102-127) per tonne on June 21, compared with ?85-105 per tonne previously. The move follows a ste...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
The light iron market has dropped ?5 ($6.35) per tonne in the UK over the past week, on slower domestic demand and a fall in European export prices, sources told Fastmarkets on Friday June 21.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($102-127) per tonne on June 21, compared with ?85-105 per tonne previously. The move follows a ste...Read More
Global ferrous scrap prices continued to trend downward over the week from June 17 to June 21, while falling Turkish import prices weighed on prices and buyer sentiment in other markets. Turkish import prices decline on oversupplyUS export prices continue downslideTaiwan, Vietnam prices fall but may rebound soonIndia prices dip on poor trading conditions Turkey Turkish mills booked three cargoes b...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Indian local secondary billet prices in the current week have fallen sharply by at least 1,600 rupees ($23) per tonne on weak demand while finished product makers such as rebar mills curtailed purchasing semi-finished products.Fastmarkets' assessment of the price for Indian domestic secondary billet stood at 28,100-28,300 rupees per tonne ex-works on Friday June 21, down by 1,600 rupees per tonne....Read More
The CIS export billet price neared $410 per tonne by the end of the week, as market participants had expected. They cited the drop in import scrap prices in Turkey as well as lack of demand in the major sales markets as reasons for the weakening of the price.Fastmarkets' daily CIS export billet index was $411 per tonne fob Black Sea on Friday June 21, down by $7 from Thursday.A 50,000-tonne cargo...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Fastmarkets has standardized the names of our metals and minerals prices across our product suite for ease of use and greater transparency.The aim of this exercise is to make it as easy as possible for our licensed users to identify and use our pricing data. As of two weeks from the date of this notice, all Fastmarkets price names will follow this structure, where possible: commodity + product/gra...Read More
Australia's Anti-Dumping Commission has ended an investigation into the alleged dumping and subsidization of imports of Turkish-origin rebar, the commission said on Thursday June 20.The investigation, which began in November 2018 after Australian steelmaker Liberty OneSteel filed a complaint, focused on exports from the following Turkish steel mills: ??olakoglu Metalurji, Diler, Habas, Kroman ??el...Read More
Domestic prices for hot-rolled coil in Turkey have moved down over the week, sources told Fastmarkets on Friday June 21.Fastmarkets' weekly price assessment for Turkish domestic HRC was $500-520 per tonne ex-works on Friday, compared with $520-530 per tonne ex-works a week earlier.Turkish mills have been offering the material at $520-530 per tonne ex-works, while deals and "workable prices" were r...Read More
Indian local secondary billet prices in the current week have fallen sharply by at least 1,600 rupees ($23) per tonne on weak demand while finished product makers such as rebar mills curtailed purchasing semi-finished products.Fastmarkets' assessment of the price for Indian domestic secondary billet stood at 28,100-28,300 rupees per tonne ex-works on Friday June 21, down by 1,600 rupees per tonne....Read More
The CIS export billet price neared $410 per tonne by the end of the week, as market participants had expected. They cited the drop in import scrap prices in Turkey as well as lack of demand in the major sales markets as reasons for the weakening of the price.Fastmarkets' daily CIS export billet index was $411 per tonne fob Black Sea on Friday June 21, down by $7 from Thursday.A 50,000-tonne cargo...Read More
The light iron market has dropped ?5 ($6.35) per tonne in the UK over the past week, on slower domestic demand and a fall in European export prices, sources told Fastmarkets on Friday June 21.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($102-127) per tonne on June 21, compared with ?85-105 per tonne previously. The move follows a ste...Read More
The London Metal Exchange has just finished its trial to calculate nickel prices using a volume weighted average price (VWAP) method on the exchange's electronic trading platform. If early indications are anything to go by, metals market participants did not embrace this method of price discovery in the way some had anticipated. For three months since Monday March 18, closing prices for nickel car...Read More
Premiums for nickel full plate surged in China this week following an arbitrage-driven rally that saw Fastmarkets' premium assessments for the material in Shanghai hit historic highs.Fastmarkets' assessment of the premium for nickel, 99.8% purity, full plate, cif Shanghai, climbed to $350-410 per tonne on Tuesday June 18, an increase of 69% from $210-240 per tonne a week prior and the highest sinc...Read More
Trading was active in China's export hot-rolled coil market on June 21, with traders rushing to restock on expectations that prices will gain further. Domestic Eastern China (Shanghai): 3,780-3,800 yuan ($550-553) per tonne, up 10-20 yuan per tonne. Northern China (Tianjin): 3,770-3,780 yuan per tonne, narrowing upward 10 yuan per tonne. Prices climbed further on Friday on futures g...Read More
Nickel's three-month price on the London Metal Exchange edged lower during morning trading on Friday June 21, pressured by a continued draw on the exchange's dwindling supply. Some 2,778 tonnes of full-plate nickel cathodes were freshly booked out of LME-registered warehouses this morning, prompting the downturn in price movement. The metal's futures price was still trading above the nearby $12,00...Read More