An overview of the battery raw materials markets and their price moves from the past week.Read More
Global scrap prices in the week ended Friday September 14 mostly rose or stayed where they were a week ago, while Turkey continued to buy scrap from suppliers in both Europe and the United States, without faltering on price.US exporters also continued to sell to Vietnam, although at lower prices, while data released on September 13 showed that Vietnam imported 21% more ferrous scrap in the first e...Read More
German steelmakers have settled their monthly scrap contracts for September with an average drop in prices of about ?,?5-10 ($6-12) per tonne, sources told Metal Bulletin on Friday September 14.Metal Bulletin's monthly price assessment for domestic grade-E3 scrap in Germany was ?,?270-285 ($315-332) per tonne delivered in September, compared with ?,?280-290 per tonne delivered in August."[The dome...Read More
Turkish steel producers completed the week by booking another deep-sea scrap cargo deal on Friday September 14, although the prices nudged down by less than $2 per tonne.Steel mills in Turkey have booked six deep-sea cargoes this week, totaling more than 170,000 tonnes.A steel producer in the Izmir region booked a European cargo on Friday, comprising 25,000 tonnes of HMS 1&2 (80:20) and 5,000 tonn...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic spot battery-grade lithium carbonate prices remained under downward pressure this week due to availability of stock and cheaper low-production cost materials produced from brine, while lithium hydroxide prices were hit by sluggish trading. Lithium carbonate prices soften due to availability of stock alongside cheaper low-production cost materials produced from brine. Lithium...Read More
Prices for coated steel coil products in Turkey were mostly stable in the week ended Friday September 14, with export buyers expecting discounts, Metal Bulletin heard.Demand in the local market was slightly better toward the end of the week, after the Turkish lira started to regain some of its lost value since the country's Central Bank increased the interest rate on September 13.The lira has lost...Read More
Sentiment in Turkey's flat steel market improved late in the week ended Friday September 14, with some product prices coming down, sources told Metal Bulletin.And the Turkish lira has started to regain some of its lost value since the country's Central Bank increased interest rates on September 13.The lira has lost a significant amount of value since early August, when political tension between Tu...Read More
China's domestic hot-rolled coil prices were flat on Friday September 14 amid an inactive market due to subdued demand. DomesticEastern China (Shanghai): 4,320-4,340 yuan ($631-634) per tonne, unchangedNorthern China (Tianjin): 4,230-4,240 yuan per tonne, unchangedWinter steelmaking restrictions in north China could possibly be lighter this year compared with last year. Word is circulating in the...Read More
UK long product steelmaker British Steel has proposed the elimination of 400 jobs as part of "a streamlining process to ensure the long-term growth of the business," the company said on Friday September 14.The proposed reduction would affect 400 managerial, professional and administrative roles at its operations throughout the UK, Ireland, France and The Netherlands.The majority of the roles to be...Read More
Domestic prices for rebar in Poland have moved up this week with support from good demand, sources told Metal Bulletin on Friday September 14.Metal Bulletin's price assessment for domestic 12mm B500B-grade rebar in Poland was stable over the week at 2,360-2,390 ($638-646) zloty per tonne ex-works on Friday. This compared with 2,350-2,370 zloty per tonne ex-works a week earlier.The assessment refle...Read More
China's domestic rebar prices rose further on Friday September 14 amid a strengthening futures market.Domestic Eastern China (Shanghai): 4,500-4,540 yuan ($657-663) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 4,360-4,390 yuan per tonne, up 10 yuan per tonneSince Thursday evening, word had circulated among market participants via social media purporting that restrictions during the...Read More
Global scrap prices in the week ended Friday September 14 mostly rose or stayed where they were a week ago, while Turkey continued to buy scrap from suppliers in both Europe and the United States, without faltering on price.US exporters also continued to sell to Vietnam, although at lower prices, while data released on September 13 showed that Vietnam imported 21% more ferrous scrap in the first e...Read More
The pig iron import market in the United States softened further in the week ended Friday September 14 on weak scrap prices. No deals were heard, because the future price direction was not clear, Metal Bulletin was told.Metal Bulletin's price assessment for US imports of pig iron decreased to $385-390 per tonne cfr on September 14, from $390-395 per tonne cfr a week earlier.The workable price in t...Read More
German steelmakers have settled their monthly scrap contracts for September with an average drop in prices of about ?,?5-10 ($6-12) per tonne, sources told Metal Bulletin on Friday September 14.Metal Bulletin's monthly price assessment for domestic grade-E3 scrap in Germany was ?,?270-285 ($315-332) per tonne delivered in September, compared with ?,?280-290 per tonne delivered in August."[The dome...Read More
Brazilian slab prices dropped this week on absence of trading activity in the United States because of quota issues. Metal Bulletin's weekly assessment of Brazilian slab export prices was $500-530 per tonne fob on Friday September 14, from $520-540 per tonne fob a week before. With no sales being made to the US market, offers and bids involving Brazilian material were heard in Europe and Asia...Read More
Domestic prices for secondary steel billet in India have fallen by at least 500 rupees ($7) per tonne this week, in line with a correction in the prices of finished steel products such as rebar, Metal Bulletin heard on Friday September 14.Secondary billet is mainly produced through the induction furnace method. Domestic prices for such material in India ended the week at 36,300-36,500 rupees ($505...Read More
China's domestic rebar prices rose further on Friday September 14 amid a strengthening futures market.Domestic Eastern China (Shanghai): 4,500-4,540 yuan ($657-663) per tonne, up 30-40 yuan per tonneNorthern China (Beijing): 4,360-4,390 yuan per tonne, up 10 yuan per tonneSince Thursday evening, word had circulated among market participants via social media purporting that restrictions during the...Read More
Base prices for flat stainless steel products in Europe fall by ?,?30 per tonne over the week ended Friday September 14, amid a stock sell-off ahead of an expected fall in the alloy surcharge for October deliveries.Metal Bulletin's weekly domestic base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was ?,?970-1,020 ($1,130-1,189) per tonne delivered o...Read More
Key data from the pricing session in the week ending Friday September 14.China Prices for UG2 chrome ore cif China ticked up, with all data points within the range of $155-160, although trading activity was low because most market participants were at...Read More