Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.Turkish scrap import prices jump $22 per tonne at the end of the weekUS scrap export prices remain fairly stableSlight improvement in Vietnamese scra...Read More
Pig iron export prices from Brazil went up again during the week to Friday April 30 despite long lead times.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $545-560 per tonne on Friday, up from $540-545 per tonne the previous week.Offers were reported from only one...Read More
South American flat-rolled steel import prices were generally up in the week to Friday April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly factored in previously, market participants said.The majority of the assessments increased slightly, but the top end of the ranges were lower or unchanged, depending on the product.The increases com...Read More
ArcelorMittal has again increased its official offer prices for all steel coil products in Northern Europe by ?,?20-50 ($24-60) per tonne, sources told Fastmarkets on Thursday April 29.The steelmaker had already increased its offers three times in April.With this latest increase, offer prices for hot-rolled coil reached ?,?1,020 ($1.233) per tonne ex-works, up by ?,?20 per tonne from the most rece...Read More
Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.Companhia Sider??rgica Nacional (CSN), the country's second-biggest flat steel producer, led the way when commercial executive director, Luis Martinez announced a 16-18% incre...Read More
Steel billet prices in Asia have jumped over the week to Friday April 30 on news that China will end import taxes for steelmaking raw materials, including semi-finished steel such as billets. "Many buyers increased their bids significantly this week because they were rushing to purchase billets ahead of the implementation of the new tax regime," a trader in east Asia said. Under the new import tax...Read More
The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said. If the exchange decides to reopen the ring, which temporarily closed in March 2020 due to the Covid-19 pandemic, the earliest possible date would be the end of June, when social distancing criteria are exp...Read More
Ukrainian steelmaker Metinvest is considering to build a 2.50 million-tonne-per-year flat steel rolling plant in Trieste, in the north of Italy, Italian equipment producer Danieli told Fastmarkets on Friday April 30. "Metinvest is seriously considering the opportunity to build a sophisticated and cost and quality competitive 2.5 million tpy plant. It should serve North Italy and Europe market. The...Read More
The pig iron import market in the United States was silent during the week to Friday April 30, although market indicators such as hot-rolled coil prices continued to increase.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $585-595 per tonne on Friday, up by $10 per tonne from $575-585 per tonne the previous week."It was predictable that the market would be silent t...Read More
Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.Turkish scrap import prices jump $22 per tonne at the end of the weekUS scrap export prices remain fairly stableSlight improvement in Vietnamese scra...Read More
Pig iron export prices from Brazil went up again during the week to Friday April 30 despite long lead times.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $545-560 per tonne on Friday, up from $540-545 per tonne the previous week.Offers were reported from only one...Read More
China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago. Few tonnages were sold and offered in the $180s...Read More
Domestic prices for hot-rolled coil in Northern Europe have gone up to more than ?,?1,000 ($1,212) per tonne ex-works because of the continuing material shortage and strong demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,007.14 ($1,221.03) per tonne on Friday April 30, up by ?,?18.81 per tonne from ?,?988.33 per...Read More
South American flat-rolled steel import prices were generally up in the week to Friday April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly factored in previously, market participants said.The majority of the assessments increased slightly, but the top end of the ranges were lower or unchanged, depending on the product.The increases com...Read More
Tight spot supply and the upward momentum of lithium raw material prices continued to support lithium hydroxide prices in Asia in the week to Thursday April 29.Battery-grade lithium hydroxide prices in both the domestic Chinese and seaborne Asian markets edged up amid tight availability and robust demand. The battery-grade lithium carbonate price in China continued its marginal downturn amid a sup...Read More
Key data from Fastmarkets' monthly pricing session in London and Shanghai on Wednesday April 28.Key drivers Supply constraints in Australia persisted, with the Altura project remaining on care and maintenance, and no ramp-up of output expected in the...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Prices for inter-merchant light iron scrap in the UK have been steady over the week ended Friday April 30, consolidating gains made the week before amid firm demand from major processors and steady export business, sources have told Fastmarkets.Suppliers were looking ahead to negotiations to settle monthly deliveries into domestic consumers in May, they added.Fastmarkets' latest price assessment f...Read More
China's spot blister copper refining charges (RCs) rose in April to their highest level since September 2019 amid increased competition from domestic units and surging scrap availability.Fastmarkets' price assessment for copper blister 98-99% ,RC spot, cif China, was $185-200 per tonne on Friday April 30, up from $170-185 per tonne a month ago. Few tonnages were sold and offered in the $180s...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More