Prices for cold-heading quality (CHQ) and high-carbon wire rod remained stable month over month in the United States, although sources offered varied reports on market activity. Fastmarkets AMM again assessed the price for cold-heading quality wire rod at $46 per hundredweight ($920 per short ton) North American delivered duty paid Great Lakes region on Friday March 15 and that for high...Read More
The number of new passenger car registrations in the EU decreased by only 0.96% year-on-year in February 2019. This made it the sixth consecutive month to show a decline but there were also signs of recovery, the European Automotive Manufacturers Assn (ACEA) said on Friday March 15.New car sales in Europe totaled 1,114,692 units in February 2019, compared with 1,125,472 vehicles sold in the corres...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam widened down over the past week amid lower buying activity.Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $545-555 per tonne cfr for the week to Monday, down $5 per tonne at the lower end of the range.A...Read More
German steelmakers have settled their monthly scrap contracts for March at largely stable prices, sources told Fastmarkets on Monday March 18.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($300-323) per tonne delivered on March 15, unchanged over the month. The assessment represented deals heard in the market.Although the price range remained stable, s...Read More
The Turkish deep-sea scrap import markets went quiet at the beginning of the week, with mills expecting to hear lower offer prices, sources said on Monday March 18.Most of the offers in the market were around $330 per tonne cfr for United States-origin HMS 1&2 (80:20), while mills were looking for $315-320 per tonne, sources said.The expectation for lower prices was a consequence of the strength o...Read More
Turkish domestic scrap prices remained stable over the past week due to steady import prices and moderate demand, sources said on Monday March 18.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,700-1,820 ($312-334) per tonne delivered on Monday, unchanged week on week.Steel producers ??olakoglu, Asil ??elik, ID??, Habas, Ege ??elik and...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, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, traded at $90.20...Read More
The world's first high-grade iron ore derivative contract has provided the market with a more complete risk-management portfolio that reduces risks associated with different grades of the steelmaking raw material, Tan Say Liang, general manager of the Shanghai office of Singapore Exchange (SGX), said during a conference last month."China's long-term aim to tighten regulations on emissions are poin...Read More
Iron ore prices strengthened on Monday March 18 due to increasing uncertainty over Vale supplies from Brazil, although the impact was offset by further production restrictions on steelmakers in China's Tangshan region.MB 62% Fe Iron Ore Index: $88.26 per tonne cfr Qingdao, up $1.74 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.38 per tonne cfr Qingdao, up $1.74 per tonne. MB 62% Fe Iron Ore...Read More
The seaborne coking coal market was muted on Monday March 18 following a flurry of trades involving forward cargoes last week. A May-laycan cargo of premium hard coking coal was heard offered at $214 per tonne fob Australia during the day. A May-laycan cargo in the same category had changed hands at $204 per tonne fob Australia last week.Second-tier cargoes were heard offered at around $192-194 pe...Read More
Copper's three-month price on the London Metal Exchange consolidated during morning trading on Monday March 18, remaining below its nearby $6,500 per tonne resistance level, with a fresh rewarranting of just below 25,000 tonnes failing to provide a major headwind to price action. Total LME on-warrant copper stocks now sit at around 138,000 tonnes. They are up by more than 84% since the start of Ma...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 18* Copper -$152.52 (-1,025.87 yuan) Aluminium -$299.66 (-2,015.62 yuan) Zinc -$140.58 (-945.56 yuan) Nickel -$273.15 (-1,837.32 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More
China's domestic hot-rolled coil prices experienced a strong rebound on Monday March 18 with buyers making a rush for materials ahead of a reduction in the country's value-added tax on April 1.DomesticEastern China (Shanghai): 3,860-3,870 yuan ($575-576) per tonne, up 60-70 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, up 60 yuan per tonneTrading activity was robust in both S...Read More
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday's close.Volume was average, with 6,328 lots traded on LME Select as at 7.23am London time, compared with 19,661 lots at a similar time on Friday. Spot...Read More
Base metals prices on the Shanghai Futures Exchange were mostly lower during the morning trading session on Monday March 18 despite a weak US dollar, amid poor market sentiment and the news that China will cut its value-added tax (VAT) rate for the manufacturing and other sectors from April 1.Base metals prices were also struggling at the start of the week amid weaker-than-expected economic...Read More
Key data from the pricing sessions in London and Shanghai on Friday March 15.China- The Chinese grade 553 silicon export price rose to $1,560-1,620 per tonne on March 15 from $1,550-1,610 per tonne on March 8, reflecting a resumption in demand- The grade 553 silicon price has been underpinned by improved buying interest from Southeast Asian traders and buyers, while market participants also noted...Read More
The Chinese antimony price downtrend entered its third consecutive week amid persistently thin buying interest from the country's downstream market in the latest assessment period ended Wednesday March 13. Fastmarkets assessed the price of MMTA standard-grade II antimony, delivered duty-paid in China, at 46,000-46,500 yuan ($6,844-6,918) per tonne on Wednesday, down by 2.6% from 47,000-48,000 yuan...Read More
Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. Increased demand as a result of increased call-offs - consumers exercising their rights to material under existing contracts - as well as better spot demand, could lead to higher prices in the coming weeks, according t...Read More
Nagarik Network has collaborated with popular comedian Manoj Gajurel for "Dhukka Hunus - Kehi Nahunjel Kehi Hundaina". The show began airing on 1st Jan 2019. New episode will be aired on Nagarik Network App, YouTube Channel and NagarikNetwork.com.The first and only video content portal with entertainment, sports, politics and lifestyle content tailored for the Nepali audience.Our Social Media Prof...Read More