The inter-merchant spot price for light iron scrap in the United Kingdom moved higher in the week ended Friday December 13, adding to gains made the week before, against increased European export prices to traditional markets.The market has been climbing in the quarter, with exporters looking to supply renewed demand from traditional buyers of European steel scrap in Turkey and the Indian subconti...Read More
Broader markets are upbeat this morning, Friday December 13, because hopes are running high that a preliminary United States-China trade will be signed before new tariffs come into force on Sunday as well as following the United Kingdom's general election result that means a Brexit deal moves forward.In a post on social media platform Twitter, US President Donald Trump said: "Getting very close to...Read More
Cobalt buyers returned to the market this week but prices fell further towards $15 per lb while sellers sought to offload stock ahead of the end of the year. Spot trade has been thin for the past few weeks so sellers offered aggressively, accepted cheaper bids and found competition for larger-tonnage business in their attempts to lock in sales before the start of 2020. The price of cobalt, standar...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The domestic price of hot-rolled coil in Northern Europe was unchanged on Friday December 13 although mills continue to insist on further price increases, market sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe was calculated at ?,?432.08 ($481.10) per tonne on Friday, unchanged from Thursday.The assessment is based on "workable" prices hea...Read More
Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), continued to increase in the week to Friday December 13 amid strong demand, sources told Fastmarkets.Market participants attributed the higher steel prices to the rise in raw materials and hot-rolled coil prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin,...Read More
Metinvest sees stable growth in global steel consumption and potential consolidation in the steel industry driving the profit pool from 2020, with a shift in distribution away from iron ore miners and towards steelmakers, according to sales director Dmitry Nikolayenko."This year has been very interesting from the point of view of profit pool distribution. There was a combination of factors that pu...Read More
Metinvest sees stable growth in global steel consumption and potential consolidation in the steel industry driving the profit pool from 2020, with a shift in distribution away from iron ore miners and towards steelmakers, according to sales director Dmitry Nikolayenko."This year has been very interesting from the point of view of profit pool distribution. There was a combination of factors that pu...Read More
The Polish domestic rebar price started to move up in the week to Friday December 13 due to anticipated scrap price increase in the country, sources told Fastmarkets. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $292.09 per tonne on December 12, up by 15.33% since the middle of the month when steelmakers last...Read More
China's rebar prices moved down in both the domestic and export markets on Friday December 13 amid inactivity. Eastern China (Shanghai): 3,870-3,900 yuan ($555-559) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,570-3,590 yuan per tonne, down 10 yuan per tonneStockists with a lot of inventory lowered their offers to stimulate sales in anticipation of prices falling even further.But b...Read More
Global ferrous scrap prices continued on an upward trend in the week ended Friday December 13 due to supply shortages and stable demand from end users.Turkish steelmakers book 10 cargoes Sentiment in US bullish Large bid-offer gap in Vietnam Taiwan continues to accept price increases Thin demand in India due to cheaper domestic scrap TurkeyTurkish steel mills booked a total of 10 cargoes this...Read More
The inter-merchant spot price for light iron scrap in the United Kingdom moved higher in the week ended Friday December 13, adding to gains made the week before, against increased European export prices to traditional markets.The market has been climbing in the quarter, with exporters looking to supply renewed demand from traditional buyers of European steel scrap in Turkey and the Indian subconti...Read More
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