Turkey exported 511,188 tonnes of flat steel products in July 2020, according to the Turkish Statistical Institute (TUIK), up by 10.36% year-on-year from 463,220 tonnes exported in July 2019.The main reason for the increase was the rise in tonnages of cold-rolled coil and coated coil exports in July.Turkey made several export deals for hot-dipped galvanized coil in May and June, which were deliver...Read More
Producers of steel mesh quality wire rod in the south of Europe push for higher prices on increased feedstock costs and a demand recovery, while in the north prices were flat after an increase last week, source told Fastmarkets on Wednesday September 2. Southern Europe Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe increased to ?,?4...Read More
Bullish rebar suppliers in the south of Europe have pushed their prices upward on the firmness of scrap costs and a post-holiday pick-up in demand, while in the north of the region prices only narrowed upward following an increase last week, sources told Fastmarkets on Wednesday September 2.Southern EuropeFastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered S...Read More
Turkey imported 659,179 tonnes of flat steel in July 2020, up by 8.24% from 608,982 tonnes in July 2019, Turkish Statistical Institute (TUIK) said this week.The reason for the increase in imports was strong buying in May, when orders to be delivered in June were placed, Fastmarkets understands.Demand for flat steel is currently moderate in Turkey but prices have been increasing in line with rising...Read More
The Turkish steel producers have resumed their deep-sea scrap purchases for September shipments at higher prices, market sources told Fastmarkets on Wednesday September 2.After booking six deep-sea cargoes totaling around 220,000 tonnes last week, the mills in Turkey stopped their scrap purchases on August 26.But two steel mills came to the market and paid higher prices for fresh deep-sea cargoes...Read More
Prices for cargoes of H2-grade heavy scrap exported from Japan hit a ceiling over the past week amid static levels of demand from South Korea and Taiwan, sources told Fastmarkets on Wednesday September 2.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?27,500-28,500 ($260-269) per tonne on Wednesday, unchanged week on week. But it followed two weeks of consecuti...Read More
Iron ore prices gained ground on Wednesday September 2 in line with China's downstream steel futures price performance due to strong demand expectations for September and October, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.31 per tonne, up $2.65 per tonne 62% Fe low-alumina fines, cfr Qingdao: $127.90 per tonne, up $2.80 per tonne 58% Fe fines high-grade premium, cf...Read More
Seaborne prices across the board were stable on Wednesday September 2 due to a lack of transactions in the day, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.10 per tonne, up $0.03 per tonne Premium hard coking coal, cfr Jingtang: $114.44 per tonne, down $0.05 per tonneHard coking coal, fob DBCT: $85.76 per tonne, unchangedHard coking coal, cfr Jingtang: $98....Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 2.Please click...Read More
China's domestic rebar prices were flat on Wednesday September 2 amid a drop in trading activity, with buyers snubbing sellers' higher offers.DomesticEastern China (Shanghai): 3,670-3,700 yuan ($537-542) per tonne, unchangedSeveral sellers raised their rebar offers by 10-20 yuan per tonne to 3,690-3,710 per tonne in the morning following gains in the futures market in the first half hour of tradin...Read More
China's hot-rolled coil exporters maintained their high offers on Wednesday September 2 despite a drop in trading activity in the domestic market.DomesticEastern China (Shanghai): 4,040-4,050 yuan ($592-593) yuan per tonne, narrowing downward by 20 yuan per tonneAlthough sellers in Shanghai issued offers as high as 4,070 yuan per tonne, buyers were only willing to place orders at 4,040-4,050 yuan...Read More
An overview of the minor metals markets and their latest price moves.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Markets were mixed this morning, Wednesday September 2, with base metals prices on the London Metal Exchange little changed, the dollar was firmer and Asian-Pacific equities, as well as pre-market major western equity index futures, were stronger too. The main supporting factor seems to be Tuesday's manufacturing purchasing managers' index (PMI) data that for the most part showed robust recoveries...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 2. Key drivers Tighter availability of scrap and market expectations of price increases by the end of the month have encouraged some scrap suppliers to withhold material from prompt sales to get higher prices later. A slump in aerospace production has resulted in lower scrap supplies, although that has yet to b...Read More
Markets were mixed this morning, Thursday September 3, with the base metals prices on the London Metal Exchange generally firmer, albeit in fairly light volumes.Markets are still underpinned by the prospect of more stimulus from the United States, once Congress can agree on a figure, but some of the metals are starting to look a bit tired* China’s Caixin services purchasing managers’ ind...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM. Consensus for second estimate of second quarter Non-farm Productivity was an increase to 7.5% from 7.3%. Actual was an increase to 10..1%. Consensus for the July U.S. Trade Deficit was $58.0 billion ver...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More