Prices for low-copper, high-silicon secondary aluminium alloys - 356.1, A360.1 and A413.1 - climbed further on Thursday September 9; prices breached all-time highs in June and have continued to rise since then. Spot activity was thin in the week because buyers had locked up their needs the previous week ahead of the long weekend for the United States Labor Day holiday, but producers increased pric...Read More
The zinc concentrate market remained broadly stable in the fortnight to Friday September 10, with smelters and traders reporting a quiet period but also a continued uptrend on treatment charges since August.Zinc spot concentrate TC, cif China was assessed at $75-92 per tonne on Friday, with the top end of the range rising by $2 since August 27.Smelters had reserved enough concentrate for the...Read More
Turkish flat steel re-roller and coated steel producer Bor??elik has received a loan of ?,?10 million ($11.82 million) from the ING Turkey Bank, a company source told Fastmarkets on Friday September 10.The loan will be used in the reduction of carbon emissions, by cutting the energy consumption of the plant, and was scheduled to be paid back in two years' time.The move came...Read More
Steel mill shipments in the United States increased modestly month on month and significantly year on year for the third month in a row in July, with year-to-date volumes also higher compared with the first seven months of 2020.US steel mills shipped 8.28 million net tons in July, up by 3.08% from 8.03 million tons in June and up by 37.17% from 6.04 million tons shipped in July 2020, according to...Read More
Coated steel coil producers gave further discounts to their buyers in Turkey during the week to Friday September 10, amid declining hot-rolled coil prices and weak demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $920-950 per tonne on Friday, down $30-40 from $950-990 per tonne previously.Domestic pricesFastmarkets assessed s...Read More
Prices for hot-rolled coil in the United States ended the week to Friday September 10 by retreating below $97 per hundredweight, maintaining an roller-coaster pattern seen since late August.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.83 per hundredweight ($1,936.60 per short ton) on September 10, down by 0.29% from $97.11 per cwt on Thursday September 9, and d...Read More
Premium hard coking coal prices jumped on Friday September 10, with offers rising to $335 per tonne fob Australia, and market sources blaming tight supply for the increase.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $480.65 per tonne, up by $4.17 per tonneHard coking coal, cfr Jingtang: $444.04 per tonne, up by $1.76 per tonnePremium hard coking coal, fob DBCT: $333.12 per tonne, up...Read More
Import prices for flat-rolled steel were mostly up in the week ended Friday September 10 in South America, with higher freight rates the main contributing factor, according to market participants.Freight was reportedly increasing by $10-15 per tonne on routes from China to South America, although this was not confirmed due to market illiquidity.Offers from China remained scarce, and customers in S...Read More
Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More
Most flat steel prices in Turkey declined further during the week to Friday September 10, with buyers opting to wait for prices to stop falling before placing big orders, market participants said.The price moves are in line with weak global markets, which slumped further this week.Fastmarkets assessed steel HRC, export, fob Black Sea, CIS at $865-885 per tonne on Monday September 6, down $15 from...Read More
The light-iron scrap market in the United Kingdom was steady during the week to Friday September 10, stabilizing losses from the week prior on persistent tight availability, despite slower export markets to deep-sea destinations, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant, UK was ?170-185 ($235-255) per tonne...Read More
Prices for shredded steel scrap imports into Pakistan inched upward in the week to Friday September 10, supported by healthy demand, sources told Fastmarkets.Prices in India showed small week-on-week rises but have fluctuated in narrow ranges through the week, with trading activity limited.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.The association's September 9 report listed several positive factors, most notably the improving supply-demand balance in the major markets, planned infrastructure investments worldwide, and the growing number...Read More
Base metals prices were higher on both the LME and the SHFE this morning, Friday September 10, with the broader markets also up. Additionally, metals that were previously looking vulnerable now look less vulnerable, suggesting traders are still comfortable being exposed to the metals.United States president Joe Biden and China's leader Xi Jinping are meeting in an effort to improve relationsThe Eu...Read More
Smelter-grade aluminium scrap prices in the United States rose week on week in the wake of an upswing in futures prices on the London Metal Exchange and reports of increased export activity.This pushed Fastmarkets' assessment for aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters up by 2 cents per lb to a range of 74-77 cents per lb on Thursday September...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
Brazilian slab export prices narrowed downward in the week ended on Friday September 10, with producers launching their first offers for November-shipment batches.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $870-880 per tonne on Friday, down from $870-900 per tonne the previous week.Brazilian...Read More
A bullish mood overtook the London Metal Exchange decisively on Friday September 10, with zinc, aluminium and nickel setting new year-to-date highs on a day that also saw copper volumes exceed 20,000 lots for the first time in three weeks.Aluminium's three-month price set a new 2021 peak of $2,937 per tonne, rising by 3.4% from Thursday's closing price and by 5.9% since the start of the week, when...Read More