The prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.Turkish steel producers continue to book deep-sea scrap at progressively higher prices through the weekUS East Coast market activity increased after new sales to TurkeyVietnamese scrap demand was supported by a surge in...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of the week at slightly higher prices, sources told Fastmarkets on Friday July 17.A steel mill in Northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 14,000 tonnes of shredded at $265 per tonne and 4,000 tonnes of bonus at $270 per tonne cfr.Another steel mill in the Izm...Read More
The price of ferrous scrap imported into India in containers remained firm on Friday July 17 because of restricted material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $281.46 per tonne on July 17, up from $279.17 per tonne a week earlier.No deals were heard on the market this week, although offers were in the ra...Read More
Markets were mixed across the board this morning, Friday July 17, while traders consolidate recent gains - key will be how well prices manage to hold up.The base metals traded on the London Metal Exchange were all down, but only by an average of 0.3%, while the base metals on the Shanghai Futures Exchange were mixed, but down by an average of 0.2% An European Union summit is underway today to try...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The European and US battery grade lithium carbonate price fell by 2.9% week on week on Thursday July 16 amid continued demand weakness, while Chinese prices consolidated the previous week's losses.The European and US lithium carbonate price fell on the top end of the range after buyers resisted higher offers. China's battery-grade lithium prices stabilized after a fall last week. China's industria...Read More
Key data from the pricing session in Shanghai on Friday July 17. Key drivers The cobalt metal price in China retreated slightly due to softening local futures prices amid weakened sentiment following a plunge on the stock market in China on Thursday. Spot...Read More
South American import prices for flat-rolled steel were higher during the week ended Friday July 17, with more expensive offers from both China and Japan, market participants have told Fastmarkets.But clients were still bidding at their previous, lower levels in an attempt to prevent the increases being imposed on September-shipment cargoes, they added.Fastmarkets assessed the price of steel hot-r...Read More
Indian mills increased their hot-rolled coil export prices by as much as $30 per per tonne in the week to Friday July 17, because buyers in Southeast Asia are desperate for supplies to meet rising demand, sources told Fastmarkets.Fastmarkets price assessment for steel hot-rolled coil (commodity) export, fob main port India, was 450-455 per tonne on 17July, up by 20-30 per tonne from last week's $4...Read More
Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday July 17, although demand was only moderate, sources have told Fastmarkets.The reason for the higher prices for coated flat steel was the rise in hot-rolled coil prices, because HRC is the base material for coated coil.Fastmarkets' weekly price assessment for steel HRC, d...Read More
Domestic steel rebar prices in Poland widened downwards in the week to Friday July 17, with buyers pushing for lower numbers despite all major producers having no July tonnages left, sources told Fastmarkets.Demand for rebar in Poland was slightly slower this week and buyers were bidding lower citing problems passing their costs downstream. Most major producers, including ArcelorMittal Warszawa, C...Read More
Imports of long products to the European Union dropped during the first four months of 2020 year on year due to the toxic combination of the effect of Covid-19 on consumption and rising protectionism. According to European steel association Eurofer, imports of rebar from outside of EU in January-April 2020 totaled 370,514 tonnes, down by 37% from 589,428 during the corresponding period of 2019. At...Read More
Crude steel output in Italy decreased by 7.88% year on year in June due to the decrease in steel demand amid the effects of the Covid-19 lockdown measures, Italian steel association Federacciai said on Friday July 17.The county's crude steel production totaled 1.92 million tonnes in June 2020, down from 2.08 million tonnes in the same months of 2019.The June decrease, however, was less then the re...Read More
The prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.Turkish steel producers continue to book deep-sea scrap at progressively higher prices through the weekUS East Coast market activity increased after new sales to TurkeyVietnamese scrap demand was supported by a surge in...Read More
The pig iron market in the United States was silent during the week ended Friday July 17, with prices considered high compared with those for ferrous scrap and hot-rolled coil.Fastmarkets' weekly price assessment for pig iron, import, cfr Gulf of Mexico, US was unchanged at $330 per tonne on Friday, in line with the latest deal done in the market during the week to July 10.No interest was rep...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of the week at slightly higher prices, sources told Fastmarkets on Friday July 17.A steel mill in Northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 14,000 tonnes of shredded at $265 per tonne and 4,000 tonnes of bonus at $270 per tonne cfr.Another steel mill in the Izm...Read More
The CIS export steel billet market had become firmer by the end of the current week with more customers accepting higher prices, spurred by rising raw materials costs globally and continuing positive sentiment in China.A large cargo of Ukrainian billet was reported sold to China at $415 per tonne cfr, equivalent to $370-375 per tonne fob Black Sea.Deals from the Black Sea basin were rare in China...Read More
Demand for Japanese steel scrap in key Vietnam import markets continued this week with domestic steelmakers sourcing the raw materials to churn out billet for Chinese buyers, sources said."A lot of spot demand for scrap in Asia is now [coming from] Vietnamese steel mills, which are betting on the Chinese appetite for billet imports to continue," a mill source in Asia told Fastmarkets on Friday Jul...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday July 17.China The domestic market remained stable in the week ended Friday July 17, with limited spot trading, after many suppliers had sold out their cargoes available for this month. A number of smelters restarted their...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices hold, pipe buying stalls Seamless prices remained broadly stable in much of the world this month - with the notable exception of falling Japan fob prices, because oil and gas producers have been less inclined to fight for premium products as they cut their capital expenditure - but this was not the result of a balance...Read More