Brazil's apparent steel consumption increased by 6.90% year on year in November, to 1.70 million tonnes, mostly due to an improved performance in the flat steel sector, according to the national steel association A??o Brasil.Apparent consumption of flat steel products grew by 11.70% in the same comparison, to 1.10 million tonnes, while long steel use declined by 0.80% year-on-year, to 606,000 tonn...Read More
Fastmarkets MB hosted the 22nd Middle East Iron & Steel conference in Dubai last week. Here are five things we learned...1 High-grade iron ore derivative will be an important tool for Middle East DRI industry A world-first 65% iron ore derivative launched by the Singapore Exchange in early December was hailed as an important hedging tool for the Middle East direct-reduced ironmaking (DRI) industry...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Join us on BNNBloomberg at 11:00 AM EST today. Thank you to Larry Berman at www.etfcm.com for this opportunity. WALL STREET RAW RADIOWITH YOUR HOST, MARK LEIBOVIT SATURDAY, DECEMBER 29, 2018SPECIAL GUESTS: DON VIALOUX, HENRY WEINGARTEN, HARRY BOXER AND SINCLAIR NOEhttps://tinyurl.com/ybvyxyvm Excerpts from Don Vialoux comments on Wall Street Raw(With added charts)U.S. equity indices boun...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday December 28, with most of the complex trading in narrow ranges while both lead and tin futures climbed more than 1% over the afternoon.Lead's three-month price was the best performer over the afternoon, climbing 1.5% and trading at its highest level since October 17. By contrast, zinc's three-month pr...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Glencore-owned Access World has delisted eight of its LME-registered warehouses this week, according to a notice to members on Friday December 28, continuing its move beyond LME storage amid its company-wide diversification strategy. Access World delisted four of its warehouses in Chicago yesterday, leaving just one remaining in the region, and has since delisted two sheds in Singapore and two mor...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The Chinese Smelters Purchase Team (CSPT) is to raise its treatment and refining charges (TC/RCs) purchase price for the first quarter of 2019 to $92 per tonne and 9.2 cents per lb, sources with direct knowledge of the matter told Fastmarkets MB. This represents an $2 rise on the fourth quarter rate of this year and was set by CSPT in Shanghai on Thursday December 27."Demand is expected to be...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. See also:2018 REVIEW: Eight things that changed in the minor...Read More
Global ferrous scrap prices were mostly little-changed during the week ended Friday December 28 due to illiquid spot trading. The thin liquidity was caused by the year-end holiday season, when most market participants had already left the spot market for their vacations. Key import markets such as Turkey, Taiwan and Vietnam did not see many negotiations for ferrous scrap. Demand is expected t...Read More
The price of shredded ferrous scrap imported into India continued on a downward trend due to the year-end demand lull, market participants said on Friday December 28.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was calculated at $325.74 per tonne cfr Nhava Sheva on December 28, down from $331.98 per tonne cfr Nhava Sheva on December 21. "There are limited pa...Read More
The Turkish deep-sea scrap import markets continued to be quiet at the end of the week amid the holiday period, sources said on Friday December 28.Offers for HMS 1&2 (80:20) were reported around $290 per tonne cfr from European suppliers, while offers from other sources were at around $295-300 per...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Chinese domestic spot battery-grade lithium carbonate prices were stable in the week ended Thursday December 27, with buyers in no hurry to make any purchases ahead of the New Year holiday. Lithium hydroxide prices in the country were similarly unchanged because consumers had no immediate need to restock.Battery-grade lithium carbonate prices unchanged amid holiday lull.Lithium hydroxide prices fl...Read More
Prices for coated-steel coil products in Turkey were mostly stable in the week to Friday December 28 amid continued limited demand.Last week's price cuts did not help improve buying, sources told Fastmarkets MB, because buyers usually postpone booking toward the end of the year to avoid building up inventories. Domestic prices One producer in northern Turkey was still offering 0.5mm hot-dippe...Read More
Domestic prices for steel coil products in Turkey fell this week on continued slow demand, sources told Fastmarkets on Friday December 28."Buyers are not willing to book despite low stock levels," a source told Fastmarkets MB. "The first quarter of 2019 will also be slow for steel trading."Fastmarkets MB's weekly price assessment for Turkish domestic hot-rolled coil (HRC) was at $500-510 per tonne...Read More