The price range for rebar produced and delivered in Northern Europe has remained unchanged week on week on limited market activity, sources told Fastmarkets on Wednesday April 24.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?535-550 ($601-618) per tonne delivered on Wednesday, unchanged from April 17.Following the long Easter weekend, a number of countries...Read More

The European domestic price for mesh-quality wire rod has remained flat week on week in a quiet market, market participants told Fastmarkets on Wednesday April 24.Following the long Easter holiday weekend, a number of countries in both Northern and Southern Europe, including Germany, Italy and Spain, will also celebrate...Read More

Steel H-beam prices in both Northern and Southern Europe were stable in the week to Wednesday April 24 with market activity down to minimal levels because of the Easter holiday.Many market participants were away from the market over the week, while those that remained said that buying and selling activity had taken place at much reduced levels.As a result, the prices in the market did not change f...Read More

China's domestic rebar prices maintained their downward trend on Wednesday April 24 as buyers lowered procurement rates. Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($604-610) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,950-4,000 yuan per tonne, down 40-50 yuan per tonneRebar futures dropped further on Wednesday amid lower buying interest in the spot mar...Read More

China's hot-rolled coil prices dropped on Wednesday April 24 after mills lowered offers amid weak demand and concerns over rising supply.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($594-595) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,900-3,920 yuan per tonne, down 10-20 yuan per tonnePrices dropped after mills lowered offer prices in the morning session.A mill i...Read More

Egypt, the largest producer of direct-reduced iron (DRI) in Northern Africa, will increase its output further in 2019, Fastmarkets heard at the North Africa Iron & Steel Summit in Cairo on April 16-17.In 2019, DRI production in Egypt may reach 6.6 million tonnes, one steel producer in the country estimated, depending on the balance between the supply of natural gas to power the smelting process an...Read More

The Turkish steel producers have continued to stay away from the deep-sea scrap markets due to weak demand for finished steel, sources said on Wednesday April 24.Demand in the country's export markets was still limited because of the safeguarding imports quotas impose by the EU, the doubled Section 232 import tariffs in the United States, and import duties in Egypt.Suppliers in the Baltic Sea regi...Read More

Iron ore prices retreated on Wednesday April 24 following a downturn in the futures and steel markets.MB 62% Fe Iron Ore Index: $93.55 per tonne cfr Qingdao, down $0.98 per tonne. MB 62% Fe Pilbara Blend Fines Index: $92.33 per tonne cfr Qingdao, down $0.98 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $95.94 per tonne cfr Qingdao, down $0.94 per tonne. MB 58% Fe Premium Index: $83.70 per tonne...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 transactions: iron oreIron oreBHP, private tender, 110,000 tonnes of 61% Fe Mining Area C...Read More

Participants in China were still sitting on the sidelines of the seaborne coking coal spot market on Wednesday April 24 while they waited for a clearer sense of direction in the domestic coke market.There have been talks in the market over a possible coke price hike by the end of April, according to various sources in China. "A coke plant in Hebei province has led the way, by proposing to increase...Read More

Import prices for stainless steel in East Asia went down in the week ended Wednesday April 24 because market participants delayed purchasing decisions while waiting for more clarity about how the price of nickel would move.The three-month nickel contract on the London Metal Exchange ended the official trading session on April 23 at $12,575-12,600 per tonne, down by $490-495 per tonne week on week....Read More

Record highs in the S&P 500 and NASDAQ Composite indices, alongside a 2019 dollar-index high of 97.73, (at the close on April 23) boosted economic optimism with some base metals trading up in the morning session on April 24, while others remain marginally suppressed.United States' stocks recovered to a record degree on Tuesday April 23 in response to dovish rhetoric from the US Federal Reserve and...Read More

Trading across most of the base metals is leading to price weakness - this despite record-setting levels seen in the S&P 500 and Nasdaq Composite on Tuesday. The exception is aluminium, where prices have been edging higher in recent days.Asian equities give up early gains; in the US, earnings and dovish Federal Reserve sent shares to, or near to, record highsTop US officials travel to Beijing to c...Read More

Copper premiums in Asia softened this week amid a slump in spot inquiries and a continued contango in the metal's nearby cash/three-month spread on the London Metal Exchange, while continued availability of material in Europe kept premiums there flat. Lack of buying appetite softens Chinese copper premiums European participants question Italian copper consumption US market stable, participants co...Read More

Zinc led the rest of the base metals traded on the Shanghai Futures Exchange downward during morning trading on Wednesday April 24, with stock inflows and a firm dollar weighing on the galvanizing metal's prices.A strong performance by the US dollar on Tuesday has dampened investors' appetite for commodity investment, in turn pressuring base metals prices on the SHFE this morning.The dollar index,...Read More

Carmaker BMW has locked in supply of cobalt metal produced at Murrin Murrin and CTT for the production of electric vehicles, market sources confirmed to Fastmarkets. Material will be supplied to BMW from 2020, sources added, though details on tonnage or price terms were not immediately available. About 1,800 tonnes per year of cobalt are produced at the CTT mine in Morocco in the form of broken ca...Read More

Key data from the Wednesday April 24 pricing session in Europe.Key drivers The European ferro-titanium and titanium scrap markets were steady in the week to Wednesday April 24, consolidating gains made early last week, when Fastmarkets reported news of a production stoppage at UK producer FE Mottram after a fire at the company's plant in Sheffield. Alloy prices were expected to move higher in the...Read More

The following Fastmarkets minor metals prices changed on Wednesday April 24:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 43,500-44,500 yuan per tonne from 44,000-45,000 yuanCadmium MB free market min 99.95%, cents/lb: 133-140 cents per lb...Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 24:Aluminium scrapCommercial cast: ?780-810 per tonne from ?780-820Commercial turnings: ?560-600 per tonne from ?565-605Group...Read More

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