An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Volatility persisted in the South American flat-rolled steel market as import prices mostly decreased during the week to Friday June 11 after rebounding the previous week.Importers told Fastmarkets concerns about new changes to Chinese taxes and a lack of visibility about which trend prices would follow were resulting in less quoting and orders.Most sources said during the week they were expecting...Read More
Domestic prices for hot-rolled coil were fairly stable in Europe on Friday June 11 despite slower demand and a weakening of import prices, sources told Fastmarkets.The domestic prices were supported by good order books at EU mills. Producers in Northern Europe were heard selling fourth-quarter-rolling material, although Italian mills were still able to offer volumes for shipment at the end of the...Read More
Brazilian slab export prices were stable this week, with most buyers taking a step back and waiting for more definition in the market.Fastmarkets assessed the price for steel slab export, fob main port Brazil unchanged at $980-1,000 per tonne on Friday June 11.Offers to the United States were sustained at $1,000 per tonne fob, but no deal was reported.Despite the hesitancy, the market in the...Read More
German steelmakers settled their monthly steel scrap contracts for June at substantially higher prices due to the current tight supply, sources told Fastmarkets on Friday June 11.Fastmarkets' monthly price assessment for steel scrap, E8 thin new production steel, domestic, delivered consumer, Germany, was ?,?460-500 ($560-609) per tonne on June 11, up by ?,?50-80 per tonne from ?,?410-420 per tonn...Read More
Spot copper-concentrate processing charges remained stable in the week to June 11 amid sluggish market conditions, Fastmarkets heard.Major Chinese smelters were carrying out maintenance so spot buying interest was low, which kept Fastmarkets copper concentrate treatment charge/refining charge (TC/RC) index, cif Asia Pacific largely unchanged. A few spot parcels of...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Zinc showed the biggest increase, at 1.6%, at the close on Friday June 11, while all other prices on the London Metal Exchange ended a week of consolidation on firmer footing.Zinc's three-month price rose to $3,044.50 per tonne, rising from a $2,995 per tonne on Thursday, and up by 1.5% since the start of the week. Similarly, lead's price was up 1.4% on Friday to $2,205.50 per tonne, giving i...Read More
Aluminium primary foundry alloy premiums in Europe and the United States were steady again on Friday June 11, without the price swings seen in other value-added product premiums.EuropeEuropean primary foundry alloy premiums (PFA) were flat on Friday, lagging behind other aluminium value-added products (VAP) such as billet.Market participants told Fastmarkets that lack of demand for the product fro...Read More
The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of the global price uptrend and noting lower scrap costs in the country.There were reports of one mill announcing a price increase for the month and others debating whether such rise was feasible, but the major...Read More
An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...Read More
Domestic prices for hot-rolled coil were fairly stable in Europe on Friday June 11 despite slower demand and a weakening of import prices, sources told Fastmarkets.The domestic prices were supported by good order books at EU mills. Producers in Northern Europe were heard selling fourth-quarter-rolling material, although Italian mills were still able to offer volumes for shipment at the end of the...Read More
The market for pig iron exports from Brazil was quiet but firm during the week to Friday June 11.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620 per tonne on Friday, stable week on week.No new sales were reported from the...Read More
China-based steel traders have regained their appetite for steel billet imports following increases in their domestic steel markets over the last few days, sources told Fastmarkets on Friday June 11.The most traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange closed up by 3.74% and 3.13% respectively on Friday afternoon.Fastmarkets' price assessment for steel billet...Read More
Hot-dipped and pre-painted (color-coated) galvanized coil prices decreased in Turkey over the week to Friday June 11 because of weak demand, especially in export markets, sources told Fastmarkets.Demand was lower in the export markets because of the upcoming summer holiday season as well as market expectations of a new anti-dumping investigation in Europe for Turkish hot-dipped galvanized coil (HD...Read More
The European Commission plans to start an anti-dumping investigation into hot-dipped galvanizing coil from Turkey and Russia, market sources told Fastmarkets on Friday June 11. Multiple market participants said that European steel association Eurofer has lodged a complaint and that the executive arm of the European Union is likely to announce the start of the case soon. Eurofer declined to comment...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Zinc and lead made the biggest gains on June 11 morning amid a low dollar index following the inflation readings released on Thursday and comments from trading house Trafigura lending support to all metals at the end of the week. LME three-month zinc hit $3,040 per tonne on Friday at 9am, from $2,995 per tonne at Thursday's close, while LME three-month lead was back above the $2,200-per-tonne psyc...Read More
Turkish domestic hot rolled coil prices fell slightly, while cold-rolled coil prices increased in the week to Friday, June 11, amid moderate demand, sources told Fastmarkets.Flat steel imports, meanwhile, were the opposite, with HRC prices increasing and CRC on the decline."Everyone is waiting to see what will happen in the global markets. Prices fell about two weeks ago in China, but then started...Read More
Hopes were high on Friday June 11 that global scrap prices were rebounding, with China looking to import steel billet again amid rising prices in its domestic steel market. Turkish steel mills were also purchasing import cargoes again.Turkey returns to spot marketUS West Coast sells to Bangladesh at $15 per tonne decreaseTaiwanese buyers fail to secure cheaper materialsChina sees price uptick as w...Read More