The effect of a sharp uptick in nickel values on alloy steel scrap prices this week was muted by ongoing poor demand, sources told Fastmarkets on Friday January 11.Being a key component of stainless steel, nickel prices exert considerable influence over the price of alloy steel scrap, with price movements in the former usually being reflected in a the latter in the same week. On Friday, the t...Read More
The Friday Market Minute Global stocks continue to rise, pulling Asia to a five week high, as a dovish Fed and U.S. China trade talk progress keeps bulls in charge.Fed Chair Powell repeats need for "patience" as dovish tilts adds nearly 6% in added value to U.S. stocks since last week's payroll data.Global oil prices extend gains into an 10th session, the longest winning streak since 2010,...Read More
The price of shredded ferrous scrap imported into India inched up this week following deals done at higher prices from last week but for smaller tonnages, market participants said on Friday January 11.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India inched up to $319.24 per tonne cfr Nhava Sheva on January 11, from $318.39 per tonne cfr Nhava Sheva on January 4....Read More
Base metals on the London Metal Exchange were firmer this morning, Friday January 11, with three-month prices up by an average of 0.9%. Zinc and nickel led the way with gains of 1.3% and 1.2% respectively, while copper was up by 0.9% at $5,972 per tonne as at 6.45am London time - the same price it held at a similar time on Thursday.Volume across the complex has been above average with 8,805 lots t...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Technical and industrial lithium-carbonate grade prices decreased on lower achieved deals, while the rest of the world's markets were unmoved from last week.China's domestic spot battery-grade lithium carbonate and hydroxide prices sat at their current level week on week on slow market activity. Battery-grade lithium carbonate prices kept steady on quiet buying. Lithium hydroxide prices were uncha...Read More
Latin America's export prices for cold-rolled coil (CRC) fell in the week ended Friday January 11, while the prices for hot-rolled coil (HRC) and plate remained unchanged with the export market muted on low demand and trade issues.Fastmarkets' weekly assessment of the price of CRC exports from Latin America reached $590-600 per tonne fob on January 11, down from $625-630 per tonne fob in the previ...Read More
Flat steel import prices remained unchanged in South America over the past week after the traditionally slow restart to the local markets after the new year holiday. Some lower offers, however, translated into deals and downward pressure on prices was reported.Fastmarkets assessed import prices for hot-rolled coil (HRC) in the region at $520-530 per tonne cfr on January 11, stable since December 2...Read More
Indian importers are likely to book commercial-grade hot-rolled coil (HRC) from South Korea because similar material from China is still not a viable option for imports.South Korean HRC was offered to Indian importers this week at $530-535 per tonne cfr for February shipment. This means that it will cost importers around 39,500-40,000 rupees ($561-568) per tonne exclusive of taxes.Fastmarkets' pri...Read More
China's domestic rebar prices dropped on Friday January 11 amid inactivity, though an improved outlook for the export market among mills has led to higher numbers in that segment.Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($546-552) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,640-3,680 yuan per tonne, down 10 yuan per tonneLower temperatures in northern China and rain...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. ...Read More
Eastern China's Shagang has rolled over the prices for its long steel products for shipment in mid-January.The mill is selling its HRB400 16-25mm rebar at 3,880 yuan ($571) per tonne over the January 11-20 period,...Read More
The pig iron market in the United States was confused by heavy drop in the scrap market in the week ended Friday January 11, and both buyers and sellers preferred to wait until the situation in the market became clearer.Fastmarkets' import price assessment for pig iron in the US fell to $350-360 per tonne cfr on Friday, down from $365 per tonne cfr a week earlier.Offers from some pig iron supplier...Read More
Scrap prices in the major markets worldwide continued to fall during the working week from Monday January 7 to Friday January 11, following the downturn in the Turkish market.But demand was strengthening due to low stock levels in both Turkey and Asia, despite the weakness of the markets for finished steel - especially in Turkey.Turkey importsThe Turkish steel mills resumed their deep-sea scrap pu...Read More
The effect of a sharp uptick in nickel values on alloy steel scrap prices this week was muted by ongoing poor demand, sources told Fastmarkets on Friday January 11.Being a key component of stainless steel, nickel prices exert considerable influence over the price of alloy steel scrap, with price movements in the former usually being reflected in a the latter in the same week. On Friday, the t...Read More
Brazilian slab export prices fell this week because of weak buying activity in the main slab consumer markets.Fastmarkets' weekly price assessment for Brazilian slab exports dropped to $415-465 per tonne fob on Friday January 11, down from $430-470 per tonne fob a week before.Mills have agreed to lower offers in order to book volumes for March shipment, but...Read More
China's domestic rebar prices dropped on Friday January 11 amid inactivity, though an improved outlook for the export market among mills has led to higher numbers in that segment.Domestic Eastern China (Shanghai): 3,710-3,750 yuan ($546-552) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,640-3,680 yuan per tonne, down 10 yuan per tonneLower temperatures in northern China and rain...Read More
Aluminium foundry alloy premiums in Europe and the United States were unchanged this month due to continued sluggish demand, while annual premiums in Asia climbed on uncertainty surrounding sanctions against UC Rusal. European premiums flat on sluggish January demandFoundry premiums in Europe were unchanged month on month with weak demand in the area causing liquidity to dry up.Fastmarkets assesse...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Latin America's export prices for cold-rolled coil (CRC) fell in the week ended Friday January 11, while the prices for hot-rolled coil (HRC) and plate remained unchanged with the export market muted on low demand and trade issues.Fastmarkets' weekly assessment of the price of CRC exports from Latin America reached $590-600 per tonne fob on January 11, down from $625-630 per tonne fob in the previ...Read More