The price of steel H-beams in the European domestic market was unchanged in the week to Wednesday September 8 despite reduced buying interest, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,050-1,080 ($1,245-1,281) per tonne on Wednesday, unchanged week on week.While sellers were comfortably booked for September, they con...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and ...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 8.Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed on the morning of Wednesday September 8. Aluminium, nickel and zinc prices on the LME were holding up well, while copper, tin and lead look more vulnerable. Federal Open Market Committee member James Bullard said the Federal Reserve should start tapering, which has lifted US treasury yields and the dollar...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJuly 22, 2021: 5 tonnes for August 2021 at $25 per lbJuly 23: 5 tonnes for September 2021 at $25.20 per lbJuly 28: 176 tonnes (88 tonnes for August at $25.04 per lb; 88 tonnes for December at $25.40 per...Read More
Steel rebar prices in Northern Europe were stable to slightly weaker over the past seven days, due to slow buying activity and the availability of cheaper imports, sources told Fastmarkets on Wednesday September 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, delivered Northern Europe was ?,?870-900 ($1,032-1,067) per tonne on Wednesday, widening down by ?,?10 pe...Read More
Billet prices from Iran increased in the week to Wednesday September 8, supported by the uptick in the Chinese import billet market amid news of local output cuts.Steel billet buyers in China have been active in import billet bookings in recent days amid expectations that further domestic production cuts will be imposed at the start of next year.Thus, recent deal prices...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...Read More
UG2 chrome ore prices fell by $11 per tonne on Tuesday September - the largest weekly drop since mid-July 2020 - after sellers cut their offers to revive buying interest dented by production cuts in the downstream alloy and stainless steel markets.Fastmarkets' calculated its chrome ore, South Africa UG2 concentrates index, basis 42%, cif China, down by $11 per tonne (6.3%) at $165 per tonne on Tue...Read More
Fastmarkets has corrected the pricing rationale for MB-CO-0004 - cobalt alloy grade, in-whs Rotterdam, $/lb, which was published incorrectly on Wednesday September 8 due to a reporting team error.One bid of $23.80/lb, which was reported by a seller, was incorrectly reported at $24.80/lb.Fastmarkets' rationale database has been updated to reflect this change. There is no change to the final assessm...Read More
Hot-rolled coil prices in the United States have consolidated around the $97-per-hundredweight ($1,940-per-short-ton) level, with some buyers choosing to meet their supply needs using imported material rather than pay the steep domestic prices.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.90 per cwt ($1,938 per ton) on Wednesday September 8, down by 9 cents (0.0...Read More
Brazilian automotive production fell by 21.90% in August 2021 compared with the corresponding month last year due to partial or complete stoppages across the country because of the global semiconductor chip shortage, national manufacturers' association Anfavea said on Wednesday September 8.Output amounted to 164,027 units during August, down from 210,009 units a year before and the worst August nu...Read More
Domestic steel wire rod prices in Southern Europe slipped down in the week to Wednesday September 8, with buyers holding back from making deals, citing the availability of cheaper imports availability, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh quality) domestic, delivered southern Europe was ?,?820-845 ($973-1,002) per tonne on Wednesday, down by ?,?5-1...Read More
Spot interest for Southeast Asian zinc ingot weakened in the week ended Tuesday September 7, while tight supply kept premiums in the United States and Europe elevated.The three-month price of zinc on the London Metal Exchange reached $3,058 per tonne, its highest price since early August.The Southeast Asian zinc premium retreated, with demand hit by Covid-19-led restrictions and high pricesThere w...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJuly 22, 2021: 5 tonnes for August 2021 at $25 per lbJuly 23: 5 tonnes for September 2021 at $25.20 per lbJuly 28: 176 tonnes (88 tonnes for August at $25.04 per lb; 88 tonnes for December at $25.40 per...Read More
Domestic cut and shredded scrap prices in the export-dependent regions of the United States' ferrous scrap market could face further drops in October, pressured by an ongoing decline in US export markets.Plunging prices for US deep-sea cargo exports to Turkey, caused by weakening demand, are reportedly dictating the direction of prices in export-influenced domestic markets, such as Philadelph...Read More
China's domestic rebar prices decreased on Wednesday September 8 after sellers lowered their offers to encourage sales following two days of weak demand.DomesticEastern China (Shanghai): 5,300-5,350 yuan ($820-828) per tonne, down by 20 yuan per tonneSellers dropped their offer prices for rebar on Wednesday morning to improves sales volumes, but buyers asked for even lower...Read More
Domestic hot-rolled coil prices in China edged lower on Wednesday September 8; demand has not yet shown a significant improvement despite the advent of peak season.DomesticEastern China (Shanghai): 5,750-5,820 yuan ($890-901) per tonne, down by 30-50 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange climbed up after touching an intraday low of 5,674 yuan per tonne in over...Read More
A second lithium trade has been brokered against the CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea. A total of five tonnes of the October contract was traded at $19.75 per kg on Tuesday September 7. The transaction follows the first such trade involving the sa...Read More