Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
Domestic prices for rebar in Poland have moved down slightly over the past week despite strong demand from the construction industry, sources told Fastmarkets on Friday October 12.Fastmarkets MB's price assessment for domestic 12mm B500B-grade rebar in Poland was at 2,340-2,380 zloty ($624-635) per tonne ex-works on October 12, widening downward over the week from 2,340-2,390 zloty per tonne...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
China's domestic rebar prices remained flat on Friday October 12 despite futures moving higher. Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($656-662) per tonne, unchangedNorthern China (Beijing): 4,340-4,370 yuan per tonne, unchangedHigher futures failed to push up spot prices amid high selling interest as stockists actively ran down their inventories due to lack of confidence in the outl...Read More
Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More
Fastmarkets' weekly prices assessments for alloy steel scrap imported into mainland Europe were unchanged this week amid 'very slow' market activity and relatively stable nickel prices.Demand has been below expectations since the end of the summer, when the usual post-holiday recovery failed to fully materialise. And it weakened further when stainless steel prices dropped sharply in October, with...Read More
The level of activity in the United States' pig iron market was lower than market sources expected after the recent scrap price increase because buyers replenished their stocks several weeks ago, Fastmarkets heard on Friday October 12.Last week, the only deal heard was for Southern Brazilian pig iron with high phosphorous content, at $373-375 per tonne cfr.Fastmarkets' price assessment for US impo...Read More
Indian local secondary billet prices fell in the second week of October by about 100 rupees per tonne while demand for semi-finished steel products remained weak and the number of buyer inquiries dwindled further, Fastmarkets has heard.The price for Indian domestic billet, which is mainly produced through the induction furnace method, was assessed by Fastmarkets on Friday October 12 at 33,200-33,4...Read More
China's domestic rebar prices remained flat on Friday October 12 despite futures moving higher. Domestic Eastern China (Shanghai): 4,540-4,580 yuan ($656-662) per tonne, unchangedNorthern China (Beijing): 4,340-4,370 yuan per tonne, unchangedHigher futures failed to push up spot prices amid high selling interest as stockists actively ran down their inventories due to lack of confidence in the outl...Read More
European stainless steel base prices were assessed as being stable this week, although bearish sentiment still pervaded the market because of excess supply, Fastmarkets heard on Friday October 12.The situation was largely unchanged from what was seen in the previous two weeks. A sharp drop in the alloy surcharges for October resulted in substantially lower transaction prices for material produced...Read More
Key data for the pricing session in the week ending Friday October 12. China China's domestic spot markets for ferro-chrome and UG2 chrome ore were relatively quiet in the first week after the national holiday, which ran October 1-7. Offers for imported charge chrome rose but liquidity...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More
Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More
Indian local secondary billet prices fell in the second week of October by about 100 rupees per tonne while demand for semi-finished steel products remained weak and the number of buyer inquiries dwindled further, Fastmarkets has heard.The price for Indian domestic billet, which is mainly produced through the induction furnace method, was assessed by Fastmarkets on Friday October 12 at 33,200-33,4...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
European stainless steel base prices were assessed as being stable this week, although bearish sentiment still pervaded the market because of excess supply, Fastmarkets heard on Friday October 12.The situation was largely unchanged from what was seen in the previous two weeks. A sharp drop in the alloy surcharges for October resulted in substantially lower transaction prices for material produced...Read More
The latest metal markets news and price moves to start the North American day on Friday October 12. The prices of base metals on the London Metal Exchange were for the most part higher during morning trading, with prices stabilizing after a mid-week sell-off resulted in Asian equity markets falling to a 19-month low, prompting risk-averse investors to curb buying. While price action across th...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday October 12.Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Friday October 12, with the weakening dollar supporting investor confidence. Check Fastmarket MB's live futures report here.Codelco's Chuquicamata division will be&nb...Read More
Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday October 5.Raw materials The Singapore Exchange (SGX) will launch a high-grade iron ore derivative product to be settled against the daily MB 65% Fe iron ore index published by Fastmarkets. Subsequently, market participants hailed the decision, saying it will serve the burgeoning need for bette...Read More
Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More