An overview of the battery raw materials markets and their price moves from the past week.Read More
A meeting in Brussels next week will discuss whether four chemical compounds irreplaceable in the production of lead batteries should be banned, effectively spelling the end for the technology in the region. The proposal for an in-effect ban is part of Reach, a European Union regulation concerning the Registration, Evaluation, Authorization and restriction of Chemicals that came into force in 2007...Read More
Indian domestic prices for hot-rolled coil (HRC) have been showing signs of weakness on account of muted demand in the week ended Friday October 19.Local mills so far have not reduced domestic prices for HRC but they are facing pressure from buyers to consider a correction in prices."There is a lot of pressure from our distributors to reduce HRC prices, but we will not be reducing prices in Octobe...Read More
Domestic prices for coated steel coil products in Turkey were stable in the week ended Friday October 19, with demand remaining poor in the local market.Some market participants had been expecting prices to fall because of declining prices for hot-rolled coil, and the weak demand.Domestic pricesOne producer in northern Turkey was offering 0.5mm hot-dipped galvanized coil (HDG) at $700 per tonne ex...Read More
China's domestic and export prices for hot-rolled coil both declined on Friday October 19 amid market participants' pessimistic outlook. DomesticEastern China (Shanghai): 4,180-4,200 yuan ($602-605) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,100-4,110 yuan per tonne, down 10 yuan per tonneLocal authorities in north China's steel hub of Tangshan late on Thursday released a list in...Read More
China's domestic rebar prices moved down slightly on Friday October 19 amid soft demand.Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($654-660) per tonne, down 10 yuan per tonneNorthern China (Beijing): 4,330-4,370 yuan per tonne, down 10 yuan per tonneBoth the futures and billet markets weakened during the day, which made the spot rebar market more bearish.The transportation of constructio...Read More
China will increasingly turn to exporting steelmaking equipment and technology instead of steel products because of rising trade tensions, according to the president of the China Iron & Steel Association (Cisa), Yu Yong.Speaking at the World Steel Association (Worldsteel) conference in Tokyo on Wednesday October 17, Yu - who is also the chairman of Hesteel Group - said that while tr...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Pig iron suppliers to the United States have increased their offer prices amid a rebound in the price of hot-rolled coil (HRC) and a positive mood in the scrap market, sources told Fastmarkets on Friday October 19.Fastmarkets' price assessment for US imports of pig iron widened upward to $375-395 per tonne cfr on October 19, from $375-390 per tonne a week before."Russian suppliers are asking for a...Read More
Prices for grade 18/8 alloy steel scrap in the UK and Europe decreased in the week ended Friday October 19, largely because of weak demand.Market participants described an extremely slow alloy scrap market in general, with trading levels diminished both through low demand from stainless steel mills and also by limited supplies.Mills have been buying lower-than-normal quantities of alloy scrap in O...Read More
Ferrous scrap prices softened globally in the week ended Friday October 19, except for Turkey, where prices moved up on Friday on late news of recent bookings.US export trading was sparse, which led to a drop in prices, while Turkey held back from deep-sea bookings for most of the week and the market in India continued to struggle with that country's weakening currency.Turkey importsTurkish mills...Read More
Steel slab export prices from Brazil went up marginally in the week that ended on Friday October 19, with producers starting to focus on the North American market, where activity is beginning to revive.Fastmarkets' monthly assessment of Brazil's slab export prices was $500-510 per tonne fob on Friday, up from $490-510 per tonne fob in the previous week.Brazilian companies were heard offering mater...Read More
Import prices for steel billet in Southeast Asia were unchanged on Friday October 19, with trading activity at a standstill despite numerous offers in the market. Fastmarkets' daily price assessment for billet imported into Southeast Asia was $510-515 per tonne cfr Manila on Friday, unchanged since October 11. Deals were sparse throughout the week, with re-rollers mostly holding back from making b...Read More
China's domestic rebar prices moved down slightly on Friday October 19 amid soft demand.Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($654-660) per tonne, down 10 yuan per tonneNorthern China (Beijing): 4,330-4,370 yuan per tonne, down 10 yuan per tonneBoth the futures and billet markets weakened during the day, which made the spot rebar market more bearish.The transportation of constructio...Read More
Base prices for stainless steel flat and long products in Europe were unchanged in the week ended Friday October 19, but the alloy surcharges for November, which will be announced next week, are expected to decrease.A distributor had been informed that surcharges for the key grade-304 cold-rolled (CR) sheet were likely to decrease by ?,?40-50 ($46-57) per tonne, it said.If there is such a decrease...Read More
China's ferrous futures ended the morning trading session lower on Friday October 19, with the rebar and coke contracts experiencing the steepest drops.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,093 yuan ($590) per tonne, down 30 yuan per tonneJanuary hot rolled coil: 3,865 yuan per tonne, down 2 yuan per tonneDalian Commodity Exchange January iron ore: 516...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Pig iron suppliers to the United States have increased their offer prices amid a rebound in the price of hot-rolled coil (HRC) and a positive mood in the scrap market, sources told Fastmarkets on Friday October 19.Fastmarkets' price assessment for US imports of pig iron widened upward to $375-395 per tonne cfr on October 19, from $375-390 per tonne a week before."Russian suppliers are asking for a...Read More
Steel slab export prices from Brazil went up marginally in the week that ended on Friday October 19, with producers starting to focus on the North American market, where activity is beginning to revive.Fastmarkets' monthly assessment of Brazil's slab export prices was $500-510 per tonne fob on Friday, up from $490-510 per tonne fob in the previous week.Brazilian companies were heard offering mater...Read More
Base prices for stainless steel flat and long products in Europe were unchanged in the week ended Friday October 19, but the alloy surcharges for November, which will be announced next week, are expected to decrease.A distributor had been informed that surcharges for the key grade-304 cold-rolled (CR) sheet were likely to decrease by ?,?40-50 ($46-57) per tonne, it said.If there is such a decrease...Read More