Turkey and Russia have exhausted their permitted import quota allowances for certain long steel products within just days of renewal, Fastmarkets has observed from European Commission data.The import market for long steel products in the European Union has remained strained because of safeguard measures. The fourth-quarter quota for steel imports into the EU came into effect on October 1 and will...Read More
Turkey and Russia have exhausted their permitted import quota allowances for certain long steel products within just days of renewal, Fastmarkets has observed from European Commission data.The import market for long steel products in the European Union has remained strained because of safeguard measures. The fourth-quarter quota for steel imports into the EU came into effect on October 1 and will...Read More
Seaborne coking coal prices mostly increased after the National Day holiday in China, while China's coking coal-producing hub Shanxi province was hit by heavy rains, causing production halts at mines.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $609.79 per tonne, up $6.51 per tonneHard coking coal, cfr Jingtang: $565.06 per tonne, down $0.08 per tonnePremium hard coking coal, fob DBC...Read More
Trading activity in the United States' pig iron import market was low in the week to Friday October 8 due to uncertainty about the direction of prices.Fastmarkets' assessment of the price for pig iron, import, cfr Gulf of Mexico, US was $540 per tonne on Friday, narrowing upward by $10 from $530-540 per tonne a week earlier. The only deal in the...Read More
Brazil's domestic hot-rolled coil prices have declined in October, with some producers heard giving discounts amid pressure from distributors and clients, although the movement was not yet widespread in the market.Two steel producers were offering material above the market average but are now granting discounts due to the difficult market, sources told Fastmarkets.Fastmarkets' monthly price assess...Read More
Brazil's domestic price for steel reinforcing bar fell in October due to more balanced supply-demand fundamentals and a broader global downtrend.On the other hand, Turkish prices had rebounded in the week to Friday October 8, and market participants saw room for price increases in Brazil.Brazilian mills usually follow international trends, aiming for an average 10% premium in domestic prices over...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 8.Susan Zou, Yingchi Yang and...Read More
Most base metals prices on the London Metal Exchange closed higher day on day in Friday's session.The three-month nickel price led the base metals complex, closing at $19,221 per tonne, up by more than 5% on Friday compared with Thursday's close at $18,264 per tonne."We view the recent price weakness in LME nickel as a buying opportunity and...Read More
South American flat steel import prices were mostly stable or moved slightly in the week to Friday October 8 amid China's National Day holiday and few offers from other origins.There was no activity from China during the October 1-7 period due to week-long national holiday there, which paved the way for material from other countries to be offered to South American clients. However, with the market...Read More
Brazilian slab export prices decreased in the week ended Friday October 8 amid continuing weak buying activity and strong competition from other regions.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was down to $760-780 per tonne on Friday, down by $20 from $780-800 per tonne on October 1.Bids for Brazilian material were heard close to $720 per tonne fob in...Read More
China's domestic rebar prices moved up on Friday October 8 on increased demand after the week-long holiday.DomesticEastern China (Shanghai): 5,910-5,950 yuan ($916-923) per tonne, up by 10-20 yuan per tonneNorthern China (Beijing): weekly assessment: 5,800-5,850 yuan per tonne, up by 100-110 yuan per tonneEnd-user demand was strong during the...Read More
Import prices for cargoes of steel billet to China were unchanged on Friday October 8, but a growing sense of bullishness from the sell-side was reflected in offer prices, sources have told Fastmarkets.Chinese market participants returned from their week-long Golden Week holiday on Friday to higher domestic steel billet prices, with the material traded at 5,310 yuan ($823) per tonne ex works...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 8.Susan Zou, Yingchi Yang and...Read More
Iron ore prices went up on Friday October 8 with improved trading liquidity after the Chinese holiday, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $123.38 per tonne, up $6.36 per tonne62% Fe low-alumina fines, cfr Qingdao: $126.95 per tonne, up $7.08 per tonne58% Fe fines high-grade premium, cfr Qingdao: $95.86 per tonne, up $4.64 per tonne65% Fe Brazil-origin fines, cfr Qi...Read More
Brazilian slab export prices decreased in the week ended Friday October 8 amid continuing weak buying activity and strong competition from other regions.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was down to $760-780 per tonne on Friday, down by $20 from $780-800 per tonne on October 1.Bids for Brazilian material were heard close to $720 per tonne fob in...Read More
Global ferrous scrap prices increased in the week ended October 8 in response to improving downstream demand for billet and rebar.Turkish mills pay higher prices on improving downstream demandUnited States sells a bulk cargo to Turkey at a $5-per-tonne increaseVietnamese buyers opt for bulk HMS 1&2 (80:20) cargoes from US, AustraliaTaiwanese buyers continue to purchase containerized cargoesIndian...Read More
Most base metals prices on the London Metal Exchange closed higher day on day in Friday's session.The three-month nickel price led the base metals complex, closing at $19,221 per tonne, up by more than 5% on Friday compared with Thursday's close at $18,264 per tonne."We view the recent price weakness in LME nickel as a buying opportunity and...Read More
Fastmarkets' spot copper concentrates treatment/refining charge remained largely stable in the week to October 8.A few clean parcels were sold to smelters in the low-to-mid $60s during the week - still below the Chinese pricing floor of $70 per tonne targeted for fourth quarter procurement.Overall buying interest has remained low, with Chinese importers away for the most of...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday October 8.Jessica Long, Zihao Li, Ruby Liu...Read More