The price for rebar produced and delivered in Southern Europe remained flat again on Wednesday March 6, with producers' efforts to pass on higher raw material costs continuing to flounder in the face of poor demand from end-users.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?510-520 ($577-589) per tonne delivered on Wednesday, unchanged since mid-January.L...Read More

Demand for flat steel in Turkey failed to improve in February although prices increased, but no further price rises were expected, market participants told Fastmarkets on Wednesday March 6.Local producers have filled their order books until May, they added.The price rises in February resulted from increasing prices for raw materials after the rupture of a tailings dam at Vale's Feij??o iron ore mi...Read More

The West Coast continues to be the most active US export market for ferrous scrap, with container prices rebounding and rumors surfacing that the docks will be raising prices soon.On the West Coast, the containerized price for an 80:20 mix of No1 and No2 heavy melting scrap (HMS) rebounded to $280 per tonne fas Los Angeles after falling to $275 per tonne previously, defying last week's expectation...Read More

The regulations that govern the Brazilian mining industry are tightening after the recent major accident at one of miner Vale's units, and iron ore producers are slowly adjusting their operations in the country to move toward dry stacking of waste material.This is considered to be safer than the use of traditional tailings dams, such as the one operated by Vale that collapsed on January 25.CSN Min...Read More

Turkish steel producers have continued to book deep-sea scrap to replenish their stock levels despite poor sales of finished and semi-finished steel products, sources said on Wednesday March 6.A steel mill in Northern Turkey booked a Baltic Sea cargo, comprising 9,000 tonnes of HMS 1&2 (80:20) at $319 per tonne, 11,000 tonnes of shredded at $324 per tonne and 9,000 tonnes of bonus at $329 per tonn...Read More

Iron ore prices were mixed on Wednesday March 6, with still-sluggish profitability among Chinese steelmakers giving few clues as to the future direction of the market.MB 62% Fe Iron Ore Index: $87.05 per tonne cfr Qingdao, up $0.02 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.45 per tonne cfr Qingdao, up $0.02 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.08 per tonne cfr Qingdao, do...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of...Read More

Seaborne coking coal prices were unchanged amid thin trading on Wednesday March 6, although some participants in southern China said they had received directives regarding limits on daily coking coal discharge volumes. A southern Chinese mill source said customs authorities in Fangchenggang in southern China's Guangxi province have told the end users under its jurisdiction that only "3,000 tonnes...Read More

Ferrous scrap offers to Asia have increased this week due to recent strength in Japanese and Turkish scrap prices.Offers for bulk-shipment Japanese H2 scrap have increased to $340-360 per tonne cfr Vietnam, up from $335-336 per tonne cfr Vietnam last week. Bids from buyers were at $330-340 per tonne cfr Vietnam, widening upward by $10 per tonne from a week earlier.This is on the back of the second...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday March 06 *Copper -$165.95 (-1,116.39 yuan) Aluminium -$289.60 (-1,948.23 yuan) Zinc -$157.57 (-1060.00 yuan) Nickel -$220.60 (-1,484.03 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using...Read More

Import prices for stainless steel in East Asia increased over the past week, as the nickel uptrend prompted steelmakers in the region to raise their offers again.Fastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was $2,060-2,150 per tonne cif on Wednesday March 6, up $30-50 per tonne from a week earlier. Fastmarkets MB's weekly im...Read More

Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Wednesday March 6. With the exception of aluminium that was little changed, the rest of the complex were down between 0.2% for nickel and tin and 0.9% for zinc.Copper was off by 0.4% at $6,456 per tonne, compared with $6,483 per tonne at Tuesday's close, while nickel has edged back from yesterda...Read More

Base metals prices on the Shanghai Futures Exchange were mostly little changed during morning trading on Wednesday March 6, with the complex in consolidation mode after weakness on Tuesday.Renewed concerns over an economic slowdown in China following disappointing macroeconomic data releases from the country and reports that the Chinese government had lowered its gross domestic product (GDP) growt...Read More

The following Fastmarkets minor metals prices changed on Wednesday March 6:Antimony MB free market regulus, $/tonne: $7,500-7,800 per tonne from $7,700-7,900Antimony MMTA standard grade II, $/tonne: $7,500-7,800 per tonne from $7,700-7,900Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 47,000-48,000 yuan per tonne from 47,500-48,500 yuanBismuth...Read More

An overview of the noble alloys markets and the reasons for any price moves.Read More

Key data from the Wednesday March 6 pricing session in Europe. Key drivers Recent market sentiment continues to be focused on supply worries, pushing up ferro-titanium offer prices in the past week. The rally has been fueled by apparent market short-covering against a potential loss of 350 tonnes per month to the spot market from one major supplier.World production capacity of 70%-grade ferro-tit...Read More

China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese for the third consecutive time amid lower spot prices. The mill has offered to buy silico-manganese at 7,780 yuan ($1,160) per tonne for March delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 120 yuan l...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday March 6:Aluminium scrapGroup 1 pure 99% & litho: ?1,300-1,350 per tonne from ?1,340-1,390Commercial pure cuttings: ?980-1,020 per tonne from ?1,010-1,050Clean HE9 extrusions: ?1,300-1,350 per tonne from ?1,340-1,380Loose old...Read More

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