European distributors of flat steel products reported a 3.7% year-on-year rise in shipment volumes in September, regional steel industry association Eurometal said on Monday November 9.Over the first nine months of 2020, flat steel distributors' shipments, however, dropped by 16.1% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel hot-rolled...Read More

Domestic prices for hot-rolled coil in Northern Europe moved up slightly day on day on Monday November 9, supported by long lead times at European mills and a lack of import offers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?513.13 ($609.23) per tonne on Monday, up by ?,?0.60 per tonne from ?,?512.53 per tonne on Frid...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Monday November 9, after markets reacted positively to Joe Biden winning the US presidential election and the resulting weaker dollar.* China’s unwrought copper imports climbed 43% in October, year on year.* China total exports climbed by 11.4% in October from a year ago, whil...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow were broadly stable over the seven days to Monday November 9 in a seasonally slower market, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, remained at 40,000-41,000 roubles ($516-529) per tonne including 20% VAT on Monday.In US dollar t...Read More

Slab export prices from Brazil increased in the week to Friday November 6 as buyers in the United States negotiate January-shipment batches.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, rose to $500-540 per tonne fob on Friday, up by $10-35 from $490-505 per tonne fob the previous week.Offers for Brazil-origin slab were reported as high as $540 per tonne fob.Al...Read More

Domestic flat steel prices in Russia's Central Federal District around Moscow were largely flat over the week to November 9, despite producers' attempts to push for increases and a slow secondary market demand blocking that rise, sources told Fastmarkets on Monday.Hot-rolled sheetFastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia remained at 43,000-44,000...Read More

China's hot-rolled coil exporters raised offers significantly on Monday November 9 despite thin trading, triggered by slumps in the United States dollar caused by investor expectations of monetary easing in the United States after Joe Biden's presidential election triumph.DomesticEastern China (Shanghai): 4,080-4,100 yuan ($617-620) per tonne, up 40 yuan per tonneTrading was active in the domestic...Read More

S&P 500 Index moved above 3,588.11 to an all-time high extending its intermediate uptrend.Dow Jones Industrial Average also moved to an all-time high extending an intermediate uptrend.Breakouts above intermediate resistance levels by S&P 500 stocks were too numerous to include in this report. Breakouts by Sector SPDRs included XLP, XLI, XLF, XLE and XLP. Pre-opening Comments for Monda...Read More

Steelmakers in Turkey stepped back from deep-sea purchases on Monday November 9, after the value of the Turkish lira increased by just under 4% in one day, sources told Fastmarkets.Turkish steelmakers booked eleven deep-sea cargoes last week.However, the Turkish currency rebounded sharply after the news of the resignation of Turkey's economy minister and the replacement of the central bank go...Read More

Turkish domestic auto bundle scrap prices have edged further upward in line with imported scrap values over the past week, while ship scrap prices were fairly stable, sources said on Monday November 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,210-2,455 lira ($259-288) per tonne on Monday, widening upward from 2,210-2,380 lira per ton...Read More

Iron ore prices increased in both the futures and seaborne markets on Monday November 9, sources told Fastmarkets, supported by rising steel prices and despite stronger sintering restrictions in China's steelmaking hub of Tangshan. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.75 per tonne, up $3.95 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.25 per tonne, up $4.2...Read More

The seaborne hard coking coal index in the cfr market jumped to $125 per tonne on Monday November 9 due to the absence of Australian coal, while the fob market remained relatively weak, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.78 per tonne, down $0.67 per tonne Premium hard coking coal, cfr Jingtang: $144.34 per tonne, up $0.41 per tonneHard coking coal, fob DBCT: $...Read More

A summary of Vedanta Limited's report for the three months ended September 30 - the second quarter of its financial year.In briefEarnings before interest, taxes, depreciation and amortization (Ebitda) for the quarter amounted to 65.31 billion rupees ($881.96 million), up by 45% year on year and 63% higher quarter on quarter Revenues totaled 208 billion rupees - a 33% increase from its first quarte...Read More

China's iron ore imports increased by 14.9% year on year in October 2020, according to data from the General Administration of Customs of China.China's October iron ore imports reached 106.7 million tonnes, up from 92.9 million tonnes in October 2019, according to customs data released on Saturday November 7, although they edged down 1.7% from 108.5 million tonnes in SeptemberIn January-...Read More

Prices for seaborne iron ore concentrate picked up in the week ended Friday November 6 amid growing demand in China ahead of the onset of winter, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $127.66 per tonne, up $1.27 per tonne65% Fe blast furnace pellet, cfr Qingdao: $150.71 per tonne, up $0.16 per tonne Key driversA colder-than-usual winter has been fore...Read More

Market participants reported higher spot demand for rebar in Singapore in the week to Monday November 9, raising the import price by 0.5%. A number of smaller buyers were heard to be in the spot market looking for smaller cargoes, with a trader attempting to secure 40,000-50,000 tonnes of orders before sourcing for supply from Turkish steel mills. The buyers are sourcing January-shipment cargoes,...Read More

China's domestic rebar prices increased sharply on Monday November 9 to their highest since December 2019 on rising futures. DomesticEastern China (Shanghai): 4,030-4,060 yuan ($609-614) per tonne, up by 140 yuan per tonneStock and commodity markets in China strengthened during the day amid a bigger appetite for higher-risk investments among punters following the outcome to the United States presi...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly stronger this morning, Monday November 9, after markets reacted positively to Joe Biden winning the US presidential election and the resulting weaker dollar. China's unwrought copper imports climbed 43% in October, year on year. China total exports climbed by 11.4% in October from a year ago, while total...Read More

The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More