Turkish prices in the domestic market for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday August 7 due to higher feedstock prices and strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Turkey was $660-665 per tonne on August 7, rising from $610-625 per tonne on July 31.Turkish producers were heard offerin...Read More
The prices for both hot-rolled coil and cold-rolled coil in Turkey increased over the week to Friday August 7, with market sources not expecting any price decreases any time soon, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey was $500-505 per tonne on August 7, rising from $450-460 per tonne on July 31.HRC producers were heard to be offering HRC...Read More
Offers of steel billet to foreign customers from the Commonwealth of Independent States (CIS) region had gone up by the end of this week following the continuing uptrend in the scrap sector, Fastmarkets heard on Friday August 7.But trading activity was limited, even though some customers accepted the higher prices.Fastmarkets' steel billet index, export, fob Black Sea, CIS, was $404 per tonne on A...Read More
Indian steel mills increased their hot-rolled coil export prices by about $20-25 per tonne in the week ended Friday August 7 on strong domestic demand and a surge in local HRC prices.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $485-500 per tonne on Friday, up by $20-25 per tonne from last week's assessment at $465-475 per...Read More
Sentiment in the Northern European hot-rolled coil market has remained bullish despite low trading activity, sources told Fastmarkets on Friday August 7.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?413.46 ($490.59) per tonne on Friday, down by ?,?1.54 per tonne day on day from ?,?415.00 per tonne on Thursday.Friday's index was based on "workab...Read More
Pig iron export prices from Brazil continued to increase in the week to Friday August 7 on further sales to China and the United States.Fastmarkets' price assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $340 per tonne on Friday, up from $325 per tonne a week earlier.Early this week a cargo was sold to an international trader for the Chinese market at $333 per ton...Read More
Ferrous scrap prices in all the key global markets continued to increase in the week ended Friday August 7 on stable demand from end-users and high prices for downstream steel products.Turkey continues to purchase material at higher pricesUS export prices and volumes riseVietnam chooses US-origin scrap on narrowing differential with JapanTaiwan prices continue uptrendIndia prices return to pre-pan...Read More
The price of ferrous scrap imported into India in containers stabilized this week after last week's $15 per tonne surge, sources told Fastmarkets on Friday August 7. Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $304.18 per tonne on Friday, up slightly from $301.15 per tonne one week earlier. Last week, the price surged by $15.19 per tonne, crossin...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes scheduled for September shipments, at firm prices, sources said on Friday August 7.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 16,500 tonnes of HMS 1&2 (80:20) at $285 per tonne, 5,000 tonnes of shredded at $290 per tonne and 1,500 tonnes of bonus at $295 per tonne cfr.This compared with the previ...Read More
The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday August 7, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at ?85-95 ($112-125) per tonne on Friday."Our suppliers seem content at this price," one market source said. "We would react if our c...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) was strong during the week to Thursday August 7 amid further demand in China and new sales to Italy, sources said.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $322-326 per tonne on August 7, narrowing upward from $320-326 per tonne a week before....Read More
Iron ore prices decreased on Friday August 7, with China's strong iron ore imports data for July potentially easing the uptrend and bullish sentiment, resulting in a correction in prices, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.21 per tonne, down $2.06 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.16 per tonne, down $2.02 per tonne58% Fe fines high-grade pr...Read More
Seaborne premium hard coking coal prices went down slightly on Friday August 7 following the latest transactions, while market participants analyzed the possible reasons for the price decrease, Fastmarkets heard.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.56 per tonne, down $1.35 per tonne Premium hard coking coal, cfr Jingtang: $115.88 per tonne, down $0.50 per tonneHard coking co...Read More
Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses increased by 12,942 tonnes (8.1%) to 172,455 tonnes in the week to Friday August 7, marking the largest gain in percentage terms across the base metals complex.The biggest inflow of red metal stocks was at Zhongchu Wusong's warehouses in Shanghai, where inventories rose by 4,505 tonnes to 43,835 tonnes, according to data re...Read More
The three-month copper price on the London Metal Exchange was lower during morning trading on Friday August 7, with continued tightness across the front end of the metal's forward curve deterring interest, while a marked improvement in German industrial production remains a key indicator of improving economic conditions in Europe.Copper's outright price on the LME was recently trading at $6,416 pe...Read More
An overview of the minor metals markets and their latest price moves.Read More
The cobalt alloy grade, in-whs Rotterdam 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 alloy grade, in-whs Rotterdam at...Read More
Key data from Fastmarkets' pricing session in Europe on Friday August 7. Key drivers Prices moved higher in all five daily price assessment this week, stoked by concern in China over availability of metal. Hydroxide payables continue to strengthen on limited supply, which has pushed some companies to buying metal...Read More
Fastmarkets has decided to discontinue five precious metals price assessments from October 1, 2020, due to the limited liquidity of the markets in question and to focus on its core markets. The discontinuation follows a month-long consultation that started on July 7, 2020. The prices to be discontinued are as follows: Platinum min 99.9% Europe Free Market $ per troy oz in warehouse Palladium min 9...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More