South Korea has recommended five-year anti-dumping duties on stainless steel bar from Taiwan and Italy, after its trade commission found that imports had injured the domestic industry.The Korea Trade Commission requested the finance ministry to set tariffs of 9.47-18.56% against Taiwanese products and 10.21-13.74% against Italian products for five years, according to the Ministry of Trade, Industr...Read More
Import prices for steel slab in Southeast Asia and East Asia moved up again over the past week amid higher offers and limited availability, although no transactions were heard due to the large bid-offer spread.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday February 25, widening upward by $10 per tonne from $460-470...Read More
The Turkish steel industry managed to increase its export volumes in 2018 despite the creation of international trade barriers that had a huge effect on the market, the Turkish Steel Exporters' Assn (??IB) told Fastmarkets on Friday February 22.Turkey increased its steel exports by 20.80% year-on-year to 21.40 million tonnes in the full year of 2018, while the value of those exports rose by 36.10%...Read More
Import prices for rebar in Singapore held steady over the past week on limited activity in the spot market.Fastmarkets MB's import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $500-515 per tonne cfr for the week to Monday February 25, unchanged from the previous week.Turkish rebar was offered at $520-525 per to...Read More
China's rebar prices moved up on Monday February 25 in both the domestic and export markets following higher billet prices over the weekend.Domestic Eastern China (Shanghai): 3,750-3,800 yuan ($559-566) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 3,740-3,770 yuan per tonne, up 10-20 yuan per tonneBillet prices moved up over the weekend on stronger demand, leading to high...Read More
The Turkish steel mills stayed out of the deep-sea scrap market on Monday February 25 and made no bookings, preferring to remain in wait-and-see mode after the recent sharp decrease in the prices, Fastmarkets heard.Following the news of a Baltic Sea cargo sold on February 22 at $307 per tonne cfr for HMS 1&2 (80:20) and $317 per tonne for bonus, prices went down by around $10 per tonne at the end...Read More
Turkish domestic scrap prices have gone down over the past week in line with the downturn in imported scrap values, sources said on Monday February 25.Fastmarkets' weekly price assessment on Monday for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,630-1,820 ($306-342) per tonne delivered, widening downward from the TRY1,680-1,820 per tonne of last week.A number of steel mills and a maj...Read More
Seaborne iron ore prices fell significantly on Monday February 25 amid limited trading activity after losses in the futures and swaps markets. MB 62% Fe Iron Ore Index: $84.84 per tonne cfr Qingdao, down $1.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $84.24 per tonne cfr Qingdao, down $1.81 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $86.42 per tonne cfr Qingdao, down $2.01 per tonne....Read More
Export prices for steel slab from the Black Sea basin have jumped by $15-20 per tonne over the past week, supported by tight availability of the material in the region, Fastmarkets heard on Monday February 25.Necessary repairs at some production units were behind the reduced availability, market sources said.In particular, merchant slab output from Ukrainian steelmaker Metinvest in December-Februa...Read More
Import prices for steel slab in Southeast Asia and East Asia moved up again over the past week amid higher offers and limited availability, although no transactions were heard due to the large bid-offer spread.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday February 25, widening upward by $10 per tonne from $460-470...Read More
China's rebar prices moved up on Monday February 25 in both the domestic and export markets following higher billet prices over the weekend.Domestic Eastern China (Shanghai): 3,750-3,800 yuan ($559-566) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 3,740-3,770 yuan per tonne, up 10-20 yuan per tonneBillet prices moved up over the weekend on stronger demand, leading to high...Read More
A wave of restocking by Chinese ferro-chrome producers has prompted a jump in UG2 chrome ore prices. UG2 chrome ore prices rise in China Spot domestic ferro-chrome prices edge up in China Alloy prices hold up in Japan, South Korea Alloy prices inch higher in Europe US prices stable amid inactivity.UG2 chrome ore prices jumped in China on Friday February 22 amid a wave of restocking by domestic fer...Read More
The Chinese domestic ferro-silicon price fell in line with weaker demand in the week ended Friday February 22, while the European price has stabilized in February after a run of losses, with suppliers holding their offer prices. China market pares gains as supply outweighs demand Europe flat, suppliers hold offers US prices slip in sluggish spot market Domestic prices dropped last wee...Read More
South Korea has recommended five-year anti-dumping duties on stainless steel bar from Taiwan and Italy, after its trade commission found that imports had injured the domestic industry.The Korea Trade Commission requested the finance ministry to set tariffs of 9.47-18.56% against Taiwanese products and 10.21-13.74% against Italian products for five years, according to the Ministry of Trade, Industr...Read More
Import prices for steel slab in Southeast Asia and East Asia moved up again over the past week amid higher offers and limited availability, although no transactions were heard due to the large bid-offer spread.Fastmarkets' weekly import price assessment for slab imports to Southeast Asia and East Asia was $460-480 per tonne cfr on Monday February 25, widening upward by $10 per tonne from $460-470...Read More
Prices in China for imports of 37% manganese ore fell over the week ended Friday February 22, with some buyers resisting recent rises in offer prices.Low-grade ore price fallsHigh-grade ore price ticks upwardUS prices of FeMn 78% and SiMn edge upwardSiMn price in China fallsAlloy prices stable in Europe and India.Fastmarkets' index price for 37% manganese ore, cif Tianjin, fell by $0.13 per dry me...Read More
A wave of restocking by Chinese ferro-chrome producers has prompted a jump in UG2 chrome ore prices. UG2 chrome ore prices rise in China Spot domestic ferro-chrome prices edge up in China Alloy prices hold up in Japan, South Korea Alloy prices inch higher in Europe US prices stable amid inactivity.UG2 chrome ore prices jumped in China on Friday February 22 amid a wave of restocking by domestic fer...Read More
The No. 2 copper scrap discount for China has widened notably in February mainly on increased scrap availability after a rebound in the copper price, while the industry is still lobbying with the government to avoid a total scrap ban that could happen as soon as 2021.Fastmarkets assessed the discount for birch and cliff scrap of 94-96% copper content on a cif China basis at 28-34 cents per lb this...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Monday February 25, with investor attention diverted amid a more than 2% tumble in oil futures over the afternoon, while US-China trade talks continue to act as a strong tailwind for prices. Leading the complex higher over the afternoon, the three-month tin price increased by more than 1% over the...Read More
Here are five Fastmarkets MB stories you might have missed on Monday February 25 that are worth another look.US President Donald Trump has postponed his administration's plans to increase the current import duties on $200-billion worth of Chinese goods, de-escalating the trade tensions between the two countries. A flurry of fresh cancellations in London Metal Exchange copper this month has&nb...Read More