An overview of the battery raw materials markets and their latest price moves. Read More
European and United States' lithium battery-grade spot prices held steady over the week to Thursday October 1, with the market cautious amid continued Covid-19 uncertainty while lithium technical-grade hydroxide spot prices fell again on subdued demand. Europe and US battery-grade lithium spot prices held steady in the seven days to Thursday October 1 after posting losses the previous week. Fastma...Read More
Hot-rolled coil prices in the United States have hit a year-to-date high, thanks mostly to tight supply, Fastmarkets understands. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.99 per hundredweight ($619.80 per short ton) on Friday October 2, up by 1.3% from $30.59 per cwt on Thursday October 1 and 3.3% higher than $30 per cwt a week ago on September 25. US hot b...Read More
South American import prices for flat-rolled steel were mostly down in the week ended Friday October 2, with new offers from China being slightly lower before that country's Golden Week national holiday, amid reports of short-selling in the region.Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America, at $540-565 per tonne on Friday, falling by $5 per tonne...Read More
Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil (pre-painted galvanized iron or PPGI) decreased in the week to October 2 while demand was moderate, sources told Fastmarkets.Some market participants told Fastmarkets they expect a decrease in flat steel prices in Turkey because of weakening steel scrap prices.Fastmarkets' daily index for steel scrap,...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Domestic steel rebar prices in Poland have kept increasing in the past week, pushed by strong buying activity and short supply, sources told Fastmarkets on Friday October 2.Fastmarkets' latest price assessment for steel reinforcing bar (rebar), domestic, exw Poland, narrowed upward to 2,000-2,050 zloty ($521-535) per tonne on October 2, from 1,960-2,050 zloty per tonne one week earlier.The price w...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in September 2020.The case list below includes only updates. For other continuing cases this year, see the updates for August, July, June, May, April, March,...Read More
Steel producers in Turkey returned to the deep-sea scrap markets on achieving lower prices in the week ended Friday October 2, while the Asian markets were largely stable amid reduced availability and holiday absences in the territory.Turkish steel mills resume deep-sea bookings, prices downSentiment in US export market negative, with falling pricesVietnamese import prices stable on reduced supply...Read More
The import pig iron market in the United States softened again during the week to Friday October 2 amid a global slowdown, Fastmarkets has heard.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, softened to $370-375 per tonne on Friday, from $380-387 per tonne one week earlier."The US market [for pig iron] is very quiet these days and, with...Read More
Brazil's export pig iron market declined over the week to Friday October 2 on weaker market demand in China, sources told Fastmarkets.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $352-353 per tonne on Friday, down from $360-370 per tonne one week earlier.The only sale heard during the week was done...Read More
Export prices for Brazil-origin slab have widened upward as sellers have been probing the market and increasing offers amid higher flat steel prices and low supply.Fastmarkets' weekly assessment for steel slab export, fob main port Brazil was $480-500 per tonne on Friday October 2, widening upward by $10 from $480-490 per tonne a week earlier on September 25 and up by $40-50 per tonne from $440-45...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 2. China Tight availability of spot materials continued to consolidate the stability of domestic prices, with producers taking a firm stance on the higher costs of raw materials - including silica ore and semi-coke.The low end of export prices climbed by...Read More
The UK will maintain a tariff rate quota on certain steel imports, similar to the one currently in place, once the country has finally left the European Union.A report from the office of the UK Secretary of State for International Trade said this week that a tariff rate quota will apply to 19 steel product categories, including hot-rolled, cold-rolled and galvanized coil; carbon and stainless...Read More
Brazilian iron ore exports surged by 18.5% on the year in September, according to figures released by the country's economy ministry on Thursday October 1.Exports amounted to 37.86 million tonnes last month, compared with 31.94 million tonnes a year earlier.This is the first increase on a year-on-year...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 1 that are worth another look.The fast steel market recovery seen in Brazil in the past few months has led the country's steelmaker association, Instituto A??o Brasil, to revise its forecasts for 2020 up significantly from previous expectations set...Read More
Export prices for Brazil-origin slab have widened upward as sellers have been probing the market and increasing offers amid higher flat steel prices and low supply.Fastmarkets' weekly assessment for steel slab export, fob main port Brazil was $480-500 per tonne on Friday October 2, widening upward by $10 from $480-490 per tonne a week earlier on September 25 and up by $40-50 per tonne from $440-45...Read More
Hot-rolled coil prices in the United States have hit a year-to-date high, thanks mostly to tight supply, Fastmarkets understands. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $30.99 per hundredweight ($619.80 per short ton) on Friday October 2, up by 1.3% from $30.59 per cwt on Thursday October 1 and 3.3% higher than $30 per cwt a week ago on September 25. US hot b...Read More
South American import prices for flat-rolled steel were mostly down in the week ended Friday October 2, with new offers from China being slightly lower before that country's Golden Week national holiday, amid reports of short-selling in the region.Fastmarkets assessed the price of steel hot-rolled coil, import, cfr main ports South America, at $540-565 per tonne on Friday, falling by $5 per tonne...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday October 2. China Tight availability of spot materials continued to consolidate the stability of domestic prices, with producers taking a firm stance on the higher costs of raw materials - including silica ore and semi-coke.The low end of export prices climbed by...Read More