Import prices for hot-rolled coil, cold-rolled coil and plate in South America fell this week on lower offers and worsening sentiment among buyers.Fastmarkets MB's weekly import price assessment for HRC in South America was $560-570 per tonne cfr on Friday October 2, down $30 per tonne from $590-600 per tonne cfr a week earlier.The Fastmarkets import price assessment for CRC was $610-635 per tonne...Read More
Domestic prices for coated steel coil products in Turkey increased slightly in the week ended Friday November 2, with demand remaining poor in the local market.Market participants were not expecting much improvement in local demand until the end of 2018, because of the low end-user requirements and the recent economic problems in the country.Export markets also started to weaken because of the yea...Read More
Brazilian domestic rebar prices went up for a second month in November with producers fully implementing a rise of around 8.00% that was announced in September.Import competition, on the other hand, could become a problem if foreign exchange and international price movements continue to favor shipments from abroad, sources said.Fastmarkets' monthly assessment of domestic rebar prices in Brazil was...Read More
Domestic rebar prices in Poland have been largely stable over the past week, with trading activity being slow due to holidays, sources told Fastmarkets on Friday November 2.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,360-2,380 zloty ($620-625) per tonne ex-works on November 2, up by 10 zloty per tonne from 2,350-2,370 zloty per tonne ex-works last week.Polish...Read More
The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More
Alloy steel scrap prices followed divergent trajectories this week in Europe and the UK as a result of differing market fundamentals. In Europe, 18/8 scrap solids prices fell amid poor demand, while grade-316 solids prices edged higher because of very tight supplies. In both cased, however, market activity has been very slow and price movements were only marginal. Fastmark...Read More
Ferrous scrap prices in most parts of the world were firm in the week ending on Friday November 2, with healthy demand in the key import market of Turkey supporting global prices.But prices in Asia weakened because steel mills in Vietnam and Taiwan held back from purchasing ferrous scrap due to fierce price competition in the downstream billet and long steel markets.Turkey importsTurkish steel mil...Read More
Prices for light iron scrap in the United Kingdom moved up by ?5 per tonne this week, due to material tightness and an increase in Turkish scrap prices, sources told Fastmarkets MB on Friday November 2.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis moved up by ?5 per tonne to ?90-120 ($116-155) per tonne on Friday November 2, from ?85-115 per tonn...Read More
Export prices for steel billet from Latin America rose in the week ended Friday November 2 following a stabilization in the region's currencies, compared with the US dollar, and of import prices around the globe.But producers and traders were maintaining some flexibility in their pricing to take account of freight costs to their clients, sources said.Fastmarkets' weekly assessment of the Latin Ame...Read More
Slab export prices in Brazil remained unchanged this week, with steelmakers still working out their offers for January shipments.Fastmarkets MB's weekly export price assessment for slab in Brazil was $505-515 per tonne fob on Friday November 2, the same as a week earlier.The past week has...Read More
The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More
European transaction prices for grade-304 cold-rolled (CR) stainless steel sheets decreased further this week with competition between European and Asian material continuing.Fastmarkets' weekly price assessment for the material fell to ?,?2,180-2,240 ($2,480-2,549) per tonne delivered on Friday November 2, down by $20-60 per tonne.https://www.metalbulletin.com/My-price-book.html?price=43619Meanwhi...Read More
Key data from the Tuesday October 30 pricing session in Shanghai. Key drivers - Battery demand weakened slightly in the Chinese market over October, and it sent ripples into battery raw materials, including nickel briquette. - Both duty-free and duty-paid nickel briquette is abundant in the Chinese domestic market. - Nickel briquette has also been affected by weak demand from the stainless steel s...Read More
The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More
ArcelorMittal received a binding offer from international metals group Liberty House for the sale of finishing lines in Dudelange, Luxembourg, and Li??ge, Belgium, ArcelorMittal said on Friday November 2.The Dudelange site has capacity of 970,000 tonnes per year of hot-dipped galvanized flat steel products, according to Fastmarkets' company database.The finishing operations at ArcelorMittal Li??ge...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Brazilian domestic rebar prices went up for a second month in November with producers fully implementing a rise of around 8.00% that was announced in September.Import competition, on the other hand, could become a problem if foreign exchange and international price movements continue to favor shipments from abroad, sources said.Fastmarkets' monthly assessment of domestic rebar prices in Brazil was...Read More
Export prices for steel billet from Latin America rose in the week ended Friday November 2 following a stabilization in the region's currencies, compared with the US dollar, and of import prices around the globe.But producers and traders were maintaining some flexibility in their pricing to take account of freight costs to their clients, sources said.Fastmarkets' weekly assessment of the Latin Ame...Read More
Key data for the pricing session for the week ending Friday November 2.China Domestic ferro-chrome spot prices dropped as the influence of lower tender prices permeated into the market.UG2 chrome ore prices fell with buyers remaining cautious in expectation of lower prices in the near future.A...Read More
The latest metal markets news and price moves to start the North American day on Friday November 2. Base metals prices on the London Metal Exchange were all higher during morning trading on Friday November 2, after the largest single-day inflow in LME copper stocks since February 2004.The three-month copper price climbed more than 1.5% to more than $6,200 per tonne after around 47,700 to...Read More