Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 20.AsiaSeaborne prices for high- and low-grade manganese ore fell following lower offers, amid high inventories and weakening sentiment.Falling portside ore prices put additional downward pressure on both grades of material.Portside manganese ore prices of both grades ticked down....Read More
After much anticipation and debate, the International Energy Exchange's bonded copper futures contract launched on Thursday November 19 to some fanfare and respectable volume.A total of 8,344 lots traded on the INE's 'BC' contract on Thursday, following up with another 4,893 on Friday, the majority for delivery in March.National Chinese copper behemoths Jiangxi Copper and Minmetals were among the...Read More
Soaring shipping costs have continued to push the manganese flake market up, with European prices jumping by more than 9% this past week to a nine-month high.Fastmarkets' assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam was at $1,800-1,850 per tonne on Friday November 20, up by 3% from the mid-week assessment of $1,750-1,795 per tonne and by 9.3% from $1,620-...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Steel scrap prices have continued to increase in all the major international markets over the past week, amid tightening supply and continued demand for steel, sources said on Friday November 20.Turkish steelmakers returned to the import market, booking cargoes at higher pricesUS East Coast sales slow down, but prices remain highDemand for Vietnamese steel billet drives up scrap pricesTaiwanese mi...Read More
Prices for inter-merchant light iron scrap in the UK market were higher over the week to Friday November 20, adding to gains made the week before amid strong European export markets to Turkey and the Indian subcontinent, sources told Fastmarkets.The British light iron market was likely, along with monthly delivery settlements to domestic consumers in December, to climb more firmly in the near term...Read More
Turkish steel mills completed the week with the purchase of an additional deep-sea scrap market cargo at higher prices, sources told Fastmarkets on Friday November 20.The mills stepped back into the market on the final day of the week to purchase a UK cargo comprising 35,000 tonnes of shredded at $340 per tonne, booked by a steel mill in the Iskenderun region.This compared with the most recent UK...Read More
The base metals were generally upbeat this morning, Friday November 20, supported by demand expectations and a weaker dollar. Metals unfazed by US Treasury Secretary Steven Mnuchin's call not to extend emergency lending programs to businessesEuropean Union still struggling to pass its ?,?1.18 billion ($1.40 billion) coronavirus rescue packageBase metals Three-month base metals prices on the London...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
Flat steel prices in Turkey continued to rise sharply in the week to Friday November 20, due to strong demand in the domestic and export markets because of low stock levels, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey was $630-640 per tonne on November 20, rising from $575-585 per tonne on November 13.Turkish HRC producers w...Read More
Domestic Turkish prices for hot-dipped galvanized coil and color-coated coil (pre-painted galvanized iron or PPGI) continued to increase in the week to Friday November 20, with demand reported to be strong, sources told Fastmarkets.Coated coil prices increased because of strong demand as well rising prices for hot-rolled coil, the base product for coated coils.Fastmarkets' weekly price assessment...Read More
China's hot-rolled coil prices surged to a new two-year high on Friday November 20, despite thin trading, sources told Fastmarkets.DomesticEastern China (Shanghai): 4,140-4,160 yuan ($629-632) per tonne, up 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,990-4,010 yuan per tonne, up 90 yuan per tonneSeveral Shanghai-based traders said sellers there continued to off...Read More
The US Department of Commerce has issued affirmative preliminary anti-dumping determinations on steel reinforcing bar from Turkey, the agency said on Tuesday November 17. Commerce preliminarily determined that producers or exporters of rebar from Turkey subject to investigation made sales at less than normal value during the period of review from July 1, 2018 through June 30,...Read More
Indian domestic prices for secondary steel billet increased by 1,000 rupees ($13) per tonne in the week to Friday November 20, on a continued rise in the price of direct-reduced iron (DRI) and steady demand for semi-finished steel materials from finished product makers.The price of steel billet, domestic, exw India, was assessed by Fastmarkets on November 20 to be up by 1,000 rupees per tonne to 3...Read More
The domestic price for steel rebar in Poland inched higher this week on bullish offers from mills, reflecting the growth momentum in international scrap markets, sources told Fastmarkets on Friday November 20.Polish rebar producers were looking for higher prices this week, following the uptrend in the long steel markets in the EU and internationally, and with a rise in global scrap prices also sup...Read More
Steel scrap prices have continued to increase in all the major international markets over the past week, amid tightening supply and continued demand for steel, sources said on Friday November 20.Turkish steelmakers returned to the import market, booking cargoes at higher pricesUS East Coast sales slow down, but prices remain highDemand for Vietnamese steel billet drives up scrap pricesTaiwanese mi...Read More
Demand for imported pig iron was low in the United States during the week to Friday November 20 but a global uptrend has stimulated market growth.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $392-395 per tonne on Friday, narrowing upward from $390-395 per tonne a week before.No new deals were reported in the spot market despite buyers'...Read More
The price for pig iron exports from Brazil went up again during the week to Friday November 20 on strong demand in both the export and domestic markets. Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $390-395 per tonne on Friday, up from $375 per tonne a week ago.A sale was done to Mexico at about $390-395 per tonne fob, sources said. The carg...Read More
Soaring shipping costs have continued to push the manganese flake market up, with European prices jumping by more than 9% this past week to a nine-month high.Fastmarkets' assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam was at $1,800-1,850 per tonne on Friday November 20, up by 3% from the mid-week assessment of $1,750-1,795 per tonne and by 9.3% from $1,620-...Read More
Steel scrap prices have continued to increase in all the major international markets over the past week, amid tightening supply and continued demand for steel, sources said on Friday November 20.Turkish steelmakers returned to the import market, booking cargoes at higher pricesUS East Coast sales slow down, but prices remain highDemand for Vietnamese steel billet drives up scrap pricesTaiwanese mi...Read More