Export prices for Brazil-origin slab fell in the week ended on Friday August 13, with buyers resisting current offer levels to get better deals.Buyers and sellers continued to negotiate for October-shipment batches, with many re-rollers in the US willing to purchase material, but placing bids at $900 per tonne fob and below. On the other hand, sellers were trying to maintain prices from previous d...Read More
Here are five Fastmarkets stories you might have missed on Friday August 13 that are worth another look.Extended waiting times and bottlenecks at major Chinese ports have resulted in lower demand for imports of steel billet and higher freight costs for such shipments this week, sources told Fastmarkets...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne at the top end of its price range over the week to Friday August 13 due to the seasonal summer slowdown and weaker monthly domestic delivery settlements, sources told Fastmarkets.A drop in prices at UK dockside markets, a major influence on domestic prices, has also weighed on the light iron market, sources said.Fastma...Read More
The export price for pig iron from the south of Brazil was firm during the week to Friday August 13 because suppliers have full order books after agreeing sales to the United States.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $540-545 per tonne on Friday, widening upward from $540-542 per...Read More
Prices of flat-rolled steel imported into South America were mostly up during the week ended Friday August 13, boosted by costly freight rates and higher offers, and despite uncertainty about a potential Chinese export tax.Most market participants expect the Chinese government soon will announce an export tax on steel, which has been heard from market chatter in the Asian country. There was no con...Read More
Demand for cargoes of steel billet has been low in key Southeast Asian markets over the past week with prices rangebound, sources told Fastmarkets on Friday August 13."The Southeast Asian markets are dead, there are no bids from Thailand, which has now become a billet exporter, and there is a very strict lockdown in the Philippines," a South Asian billet trader said."Philippine demand is in really...Read More
Here are five Fastmarkets stories you might have missed on Friday August 13 that are worth another look.Extended waiting times and bottlenecks at major Chinese ports have resulted in lower demand for imports of steel billet and higher freight costs for such shipments this week, sources told Fastmarkets...Read More
Here are five Fastmarkets stories you might have missed on Friday August 13 that are worth another look.Extended waiting times and bottlenecks at major Chinese ports have resulted in lower demand for imports of steel billet and higher freight costs for such shipments this week, sources told Fastmarkets...Read More
Export prices for Brazil-origin slab fell in the week ended on Friday August 13, with buyers resisting current offer levels to get better deals.Buyers and sellers continued to negotiate for October-shipment batches, with many re-rollers in the US willing to purchase material, but placing bids at $900 per tonne fob and below. On the other hand, sellers were trying to maintain prices from previous d...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi...Read More
Copper concentrate treatment and refining Charges (TC/RCs) continued their surge in early August, with traders and smelters setting down strong bids at clear levels after weeks of inactivity.The Fastmarkets TC/RC index, which tracks the mid-point of the market, came in at $54.6 per tonne / 5.46 cents per pound on August 13, up from $51.8 / 5.18 cents last Friday to reach its highest point in fifte...Read More
Treatment charges for zinc concentrates have widened in the first half of August, with the market seeing minimal spot business ahead of what was expected to be large-scale buying from Chinese smelters later in the year.Fastmarkets' assessment of the zinc spot concentrate TC, cif China, widened downward to $75-90 per tonne on Friday August 13, from $78-90 per tonne two weeks earlier. After years of...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 13.China The ferro-silicon price in China strengthened week on week amid generally positive sentiment, with overall supply failing to meet demand due to electricity cuts in many provinces. In addition, the rising ferro-silicon futures, coupled with the elevated Chinese price for magnesium - the...Read More
Chinese automobile production and sales figures continued to fall in July 2021, on both a monthly and an annual basis, although figures for vehicle exports and new energy vehicles hit record highs, the China Association of Automobile Manufacturers (CAAM) has said.Carmakers in China produced 1.86 million units in July, down by 4.1% month on month and by 15.5% year-on-year. Sales came to 1.86 millio...Read More
Most secondary aluminium alloy prices in the United States' domestic market continued to climb on Thursday August 12 on strong demand for ingot and high manufacturing costs combined with ever-rising aluminium premiums.Fastmarkets last assessed the aluminium P1020A premium, ddp Midwest US at 34.5-35.5 cents per lb on Friday August 13, steady after reaching an all-time high on Tuesday August 10."[So...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi...Read More
Demand for cargoes of steel billet has been low in key Southeast Asian markets over the past week with prices rangebound, sources told Fastmarkets on Friday August 13."The Southeast Asian markets are dead, there are no bids from Thailand, which has now become a billet exporter, and there is a very strict lockdown in the Philippines," a South Asian billet trader said."Philippine demand is in really...Read More
The export price for pig iron from the south of Brazil was firm during the week to Friday August 13 because suppliers have full order books after agreeing sales to the United States.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $540-545 per tonne on Friday, widening upward from $540-542 per...Read More
Iron ore prices across the board drop on Friday August 13 due to continued thin liquidity in the seaborne market, with one market participant describing the outlook as "grim."Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.07 per tonne, down $0.89 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.74 per tonne, down $0.45 per tonne58% Fe fines high-grade premium, cfr Qingdao: $130.6...Read More
Seaborne coking coal prices trended higher in the cfr China market following a strong domestic coking coal market and fell slightly in the fob market on Friday August 13 with market participants adopting a wait-and-see attitude.Prices for seaborne pulverized coal injection (PCI) increased in the cfr China market in the week to August 13 based on good restocking demand from end users and rose sligh...Read More