An overview of the new energy raw materials markets and their latest price moves.Read More

The premium paid for domestic steel products in Russia over exports - and for flat steel in particular - is unlikely to rebound until 2021, major Russian steelmakers NLMK and MMK said this week."The discount [or reduction to the domestic market premium over the export market] was driven by both strong export benchmarks and a weak rouble," Novolipetsk Steel (NLMK) chief executive officer Grigory Fe...Read More

Flat steel prices in Turkey remained stable in the week to Friday October 23, with demand strong and several deals heard in both the domestic and export markets, sources told Fastmarkets.Flat steel prices in the Turkish market remained stable during the week to Friday October 23, while demand was strong with several deals heard in domestic and export markets, sources told Fastmarkets.Demand was st...Read More

Domestic Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil (pre-painted galvanized iron or PPGI) jumped in the week to Friday October 23 on strong demand and a shortage of hot-rolled coil, the base product for coated coil.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey was $510-520 per tonne on Friday, unchanged week-on-week .Domestic pricesFastmark...Read More

Major European flat steel producers Tata Steel and SSAB both declined to comment on speculation that they have begun merger talks, when the companies spoke to Fastmarkets on Friday October 23.Several reports have appeared in the global press this week indicating that Tata Steel and SSAB were discussing the possibility of merging their European steelmaking operations.But neither company would comme...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Friday October 23, but buyers expected mills to push their offer prices upward soon, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?496.67 ($587.67) per tonne on Friday, down by just ?,?0.83 per tonne day on day from ?,?497.50 per tonn...Read More

Poland's rebar producers had to cut their domestic prices this week to spur slow buying activity, with market participants expecting a price rollover in the coming weeks, sources told Fastmarkets on Friday October 23.Buying appetite among Polish rebar buyers was moderate during the assessment week, sources said."Demand started to slow in mid-October after the end of a restocking campaign. Some dis...Read More

The price of austenitic alloy steel scrap in the UK and Europe increased sharply over the past week because of rising nickel prices and improving demand from stainless steel mills, sources told Fastmarkets on Friday October 23. Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?950-980 ($1,245-1,284) per tonne on Friday, up by ?70...Read More

Buying activity in the United States pig iron import market resumed during the week to Friday October 23 because the largest buyer of the material needed to restock, according to sources.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $369-373 per tonne on Friday, softening slightly from $370-375 per tonne a week earlier. Three spot deals were heard in the market dur...Read More

Intel (INTC), a Dow Jones Industrial Average stock moved below intermediate support at $46.65 following release of a disappointing third quarter report. Pre-opening Comments for Friday October 23rdU.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.Intel dropped $5.33 to $48.57 after reporting lower than consensus revenues by its Data...Read More

The price of shredded scrap imported into India moved up on Friday October 23 on a rise in the international market and tight material availability, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $316.16 per tonne on Friday, up from $308.62 per tonne a week ago.Deals heard this week ranged from $315 to $316 per tonne, compared wi...Read More

Turkish steel mills look set to book further deep-sea scrap cargoes following a recent rise in rebar sales, sources told Fastmarkets on Friday October 23.Although there were no confirmed bookings for deep-sea cargo purchases on Friday, there was enough talk in the market to suggest possible further cargoes, following recent rebar sales and Turkish mills confirming their or...Read More

The export market for pig iron from the south of Brazil was strong during the week to Friday October 23, with one new sale being the first agreed for January shipment.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $355 per tonne on Friday, narrowing upward from $352-355 per tonne a week before.A sale of 55,000 tonnes of pig iron for January shipment was agr...Read More

Seaborne premium hard coking coal prices edged down on Friday October 23, with market participants from China unable to purchase Australian coking coal while sources from India were in wait-and-see mode.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.25 per tonne, down $0.49 per tonne Premium hard coking coal, cfr Jingtang: $126.05 per tonne, down $0.73 per tonneHard coking coal, fob D...Read More

Seaborne iron ore prices fell sharply on Friday October 23 amid high inventories at Chinese ports that signaled weak demand, according to sources. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $115.60 per tonne, down $4.31 per tonne 62% Fe low-alumina fines, cfr Qingdao: $115.70 per tonne, down $4.29 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $109.09 per tonne, down $2.69 pe...Read More

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses diverged in the week to Friday October 23, with aluminium dominating the declines and tin leading the growth side of the equation, in percentage terms.Aluminium stocks came in at 237,777 tonnes over this week, a decline of 10,188 tonnes, or 4.1%, from a week ago, with the largest outflow, of 4,392 tonnes...Read More

China's hot-rolled coil exporters raised offers on Friday October 23 amid limited supply, while domestic price gains also boosted sentiment.DomesticEastern China (Shanghai): 3,920-3,930 yuan ($587-589) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,750-3,770 yuan per tonne, unchangedSpot prices in the domestic market gained on high futures prices in morning trad...Read More

Rebar prices in eastern China lost their upward momentum on Friday October 23 amid destocking pressure experienced by sellers. But prices in the region ended the week 30 yuan per tonne, largely due to Monday's gains. DomesticEastern China (Shanghai): 3,710-3,740 yuan ($576-561) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,630-3,680 yuan per tonne, unchangedhttps://www.metalbul...Read More

The London Metal Exchange base metal prices barring aluminium traded higher on Friday October 23, with the US dollar on shaky ground. US House of Representatives speaker Nancy Pelosi said on Thursday that could be a settlement "pretty soon" on the bill which Democrats and President Donald Trump propose providing $2.2 trillion in targeted relief in what is the world's largest economy. The dollar i...Read More

An overview of the aerospace materials markets and the latest price moves.Read More