The CIS export price for steel billet continued to weaken on Tuesday October 2 with customer interest being limited in all the major sales outlets, Fastmarkets has heard.This included Southeast Asia, which recently has been rendering support to sellers from the Commonwealth of Independent States, Turkey and others within the Southeast Asian region.The situation in the Southeast Asian market has st...Read More
Prices for rebar and billet in the United Arab Emirates were mostly stable in the week ended Tuesday October 2, although demand continued to be limited, sources told Fastmarkets.Demand may improve toward the end of October, when stock levels will be lower, sources said.Domestic rebarLocal producers have not officially changed their prices since late July, but they were giving discounts to buyers.T...Read More
The sustained slump in currencies combined with an influx of slab in the aftermath of recent trade measures have dragged slab import prices down in Southeast Asia and East Asia, participants told Fastmarkets MB.Fastmarkets MB's assessment for slab imports in Southeast Asia and East Asia was $500-515 per tonne cfr for the week ended Monday October 1, down by $20 per tonne from the previous week. Th...Read More
The Chinese government's measures to control pollution during the winter and supply disruptions in the seaborne coking coal market are expected to underpin prices for the steelmaking raw material in the fourth quarter.Over the past two years, seaborne coking coal prices have registered gains during the October-December period as demonstrated by the movements of the daily premium hard coking coal i...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 2. Please...Read More
The CIS export price for steel billet continued to weaken on Tuesday October 2 with customer interest being limited in all the major sales outlets, Fastmarkets has heard.This included Southeast Asia, which recently has been rendering support to sellers from the Commonwealth of Independent States, Turkey and others within the Southeast Asian region.The situation in the Southeast Asian market has st...Read More
The European ferro-vanadium market stalled last week as consumers continued to sit on the sidelines, while US ferro-vanadium prices soared as the market continued to catch up to the sharp increases seen earlier in Europe.Spot prices for European ferro-vanadium were $101-105 per kg on Friday September 28, up 15 cents on the low end from $100.85-105 per kg delivered duty-paid in Europe during the mi...Read More
The prices of base metals on the London Metal Exchange were mostly higher at the close of trading on Tuesday October 2, supported by improved global trade sentiment amid the newly developed USMCA trade deal in North America.Climbing 1.6% throughout the afternoon, the three-month aluminium price topped complex gains, closing above $2,100 per tonne for the first time since August 31, with total on-w...Read More
The latest news and price moves to start the Asian day on Wednesday October 3.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday October 2, supported by improved global trade sentiment due to the newly developed United States-Mexico-Canada Agreement in North America. Read more in our live futures report.Here are how prices looked at the close...Read More
The latest metal markets news and price moves to start the North American day on Tuesday October 2.Base metal prices on the London Metal Exchange were predominantly lower during morning trading on Tuesday October 2, with prices shaken by weaker-than-expected US economic data on Monday while a steady uptick in the dollar index is capping any price rallies.Edging lower over the morning, the three-mo...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday October 2.Three-month base metals prices on the London Metal Exchange slumped during early trading on Tuesday, with the complex under pressure from a slew of disappointing data releases from the United States and China.Check Fastmarket MB's live futures report here.Cobalt prices stabil...Read More
The Chinese government's measures to control pollution during the winter and supply disruptions in the seaborne coking coal market are expected to underpin prices for the steelmaking raw material in the fourth quarter.Over the past two years, seaborne coking coal prices have registered gains during the October-December period as demonstrated by the movements of the daily premium hard coking coal i...Read More
The prices of base metals on the London Metal Exchange were mostly higher at the close of trading on Tuesday October 2, supported by improved global trade sentiment amid the newly developed USMCA trade deal in North America.Climbing 1.6% throughout the afternoon, the three-month aluminium price topped complex gains, closing above $2,100 per tonne for the first time since August 31, with total on-w...Read More
Comex copper prices rebounded in the US morning on Tuesday October 2 despite a stronger dollar and poor Chinese data. Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 2.40 cents or 0.9% to $2.8115 per lb. The red metal has been unable to set a new direction over the past week. Still, since the...Read More
Base metal prices on the London Metal Exchange were predominantly lower during morning trading on Tuesday October 2, with prices shaken by weaker-than-expected US economic data on Monday while a steady uptick in the dollar index is capping any price rallies. Edging lower during the morning session, the three-month nickel price shed 0.8% and fell to an intraday low of $12,375 per tonne. "The fallin...Read More
China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More
Following a proposal to increase the frequency of its US Midwest Hot-rolled Coil Index, Fastmarkets AMM has extended the consultation period to Friday October 5 to allow for additional market feedback. The proposal to amend the index from weekly to daily, which was published on September 3, will enable Fastmarkets AMM to better reflect market activity in this ongoing period of unprecedented steel...Read More
Turkish steel mills continued to hold back from the deep-sea scrap markets on Tuesday October 2, amid low levels of demand for finished steel in the country's domestic and export markets.After booking at least four deep-sea cargoes, totaling 95,000 tonnes, late last week, the mills fell quiet in the markets. This was mostly because of increasing input costs and weak demand for finished products, F...Read More
The latest news and price moves to start the Asian day on Wednesday October 3.Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday October 2, supported by improved global trade sentiment due to the newly developed United States-Mexico-Canada Agreement in North America. Read more in our live futures report.Here are how prices looked at the close...Read More
Comex copper prices rebounded in the US morning on Tuesday October 2 despite a stronger dollar and poor Chinese data. Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 2.40 cents or 0.9% to $2.8115 per lb. The red metal has been unable to set a new direction over the past week. Still, since the...Read More