Key data from the pricing sessions in Asia and Europe in the week to Friday October 25.ChinaKey drivers The Chinese silicon 553 export price rose in response to higher offers from domestic refiners against a backdrop of tight supply for the looming dry season from November to May in the country when refiners in the Sichuan and Yunnan provinces cut output due to a lack of cheap hydroelectric power....Read More
Turkish steel mills began the week in silence due to a public holiday in the country reducing trading activity, sources told Fastmarkets on Monday October 28. With a half-day public holiday taking place in Turkey on Monday, and Tuesday being a holiday for the Republic Day of Turkey, low levels of trading are expected in the deep-sea markets. The most recent trade reported to Fastmarkets&...Read More
Turkish domestic auto bundle scrap prices have increased over the past week in line with the rises in imported scrap values, sources said on Monday October 28.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,385-1,555 ($239-268) per tonne on Monday, up from the TRY1,380-1,505 per tonne of last week.Two steel mills raised their buy prices...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5%...Read More
Flat-rolled steel import prices were mostly down in South America during the past week, amid bearish sentiment in the region and the continuing global downtrend.Fastmarkets assessed the price for steel hot-rolled coil import, cfr main ports South America, at $450-470 per tonne on Friday October 25, lower on the high end from $450-475 per tonne a week earlier, and at a fresh low for 2019m.Customers...Read More
China's hot-rolled coil prices were flat domestically on Monday October 28, while some participants told Fastmarkets export prices would rise as mills shift allocation back to the domestic market amid stable prices.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedDomestic prices remained stable, with trading...Read More
Steel prices are expected to remain stable in the Brazilian domestic market through the remainder of 2019 despite a still favorable import parity, the commercial director for Companhia Sider??rgica Nacional (CSN), Luis Martinez, said on Thursday October 24.While hot-rolled (HRC) and cold-rolled coils (CRC) are currently being sold at a 2% premium over internalized imports, galvanized materials are...Read More
Offer prices for CIS export wire rod have softened somewhat amid a lack of trading activity in the market, Fastmarkets learned on Monday October 28.Russia-origin wire rod was available to foreign customers at $430-432 per tonne fob Black Sea compared with $435-440 per tonne fob last week. But the decrease has not sparked any interest among potential customers.Recent offers of Ukrainian wire rod we...Read More
China's rebar prices picked up on Monday October 28 in both the domestic and the export markets, but the outlook among futures traders remained pessimistic. Eastern China (Shanghai): 3,620-3,650 yuan ($513-517) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,580-3,630 yuan per tonne, up 30 yuan per tonneThe spot price rose over the day amid active trading.But participants did not...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Turkish steel mills began the week in silence due to a public holiday in the country reducing trading activity, sources told Fastmarkets on Monday October 28. With a half-day public holiday taking place in Turkey on Monday, and Tuesday being a holiday for the Republic Day of Turkey, low levels of trading are expected in the deep-sea markets. The most recent trade reported to Fastmarkets&...Read More
A summary of the financial results of Swedish iron-ore producer LKAB for the third quarter of 2019.In brief The quarter was characterized by high and stable production, while a slowdown in the iron ore market led to lower delivery volumes and volatile iron ore prices. LKAB's improved earnings mainly reflect higher iron ore prices and a stronger dollar exchange rate.Lower deliveries in the quarter...Read More
Turkish domestic auto bundle scrap prices have increased over the past week in line with the rises in imported scrap values, sources said on Monday October 28.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,385-1,555 ($239-268) per tonne on Monday, up from the TRY1,380-1,505 per tonne of last week.Two steel mills raised their buy prices...Read More
CIS producers of steel slab have considered raising their offer prices because their November-casting order books were almost full, although customers were not ready for any price rises, Fastmarkets learnt on Monday October 28.Offers of CIS-origin slab were reported within the range of $375-380 per tonne fob Black Sea at the end of last week, but no customer was willing to accept such a price, con...Read More
China's rebar prices picked up on Monday October 28 in both the domestic and the export markets, but the outlook among futures traders remained pessimistic. Eastern China (Shanghai): 3,620-3,650 yuan ($513-517) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,580-3,630 yuan per tonne, up 30 yuan per tonneThe spot price rose over the day amid active trading.But participants did not...Read More
Slab export prices from Brazilian producers fell further in the week ended Friday October 25 because producers were willing to accept lower bids to maintain sales volumes.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $350-360 per tonne fob on Friday from $360-365 per tonne fob a week earlier.Sources believe Brazilian prices could now find a floor around...Read More
Steel prices are expected to remain stable in the Brazilian domestic market through the remainder of 2019 despite a still favorable import parity, the commercial director for Companhia Sider??rgica Nacional (CSN), Luis Martinez, said on Thursday October 24.While hot-rolled (HRC) and cold-rolled coils (CRC) are currently being sold at a 2% premium over internalized imports, galvanized materials are...Read More
Brazilian iron ore pellet producer Samarco has received a license from a state environmental agency, allowing it to resume operations in its Germano complex, in southeastern Minas Gerais state, on Friday October 25.With the license, issued by the Minas Gerais' state environmental council, Copam, Samarco has secured all environmental permits needed to resume operations, its 50% shareholder Val...Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Monday October 28, falling by a little less than 2% against high turnover, while copper's outright price breached nearby resistance.Nickel's outright price closed at $16,640 per tonne, while some 9,730 lots were exchanged by the close. The metal reached an intraday high of $17,025 per tonne, its highest...Read More
Turkish steel mills began the week in silence due to a public holiday in the country reducing trading activity, sources told Fastmarkets on Monday October 28. With a half-day public holiday taking place in Turkey on Monday, and Tuesday being a holiday for the Republic Day of Turkey, low levels of trading are expected in the deep-sea markets. The most recent trade reported to Fastmarkets&...Read More