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
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
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
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
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
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
Prices for shredded steel scrap imported into Pakistan and India took a sharp upturn in the week to Friday October 8, on a pick-up in demand, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $ 535.07 per tonne on Friday, up from $508.69 per tonne one week previous.Deals were initially heard at $530-535 per tonne be...Read More
Import prices for containerized heavy melting scrap in Taiwan have increased this week, particular in the later half, with traders withholding offers amid growing optimism about trends in the spot market.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $465-470 per tonne on Friday October 8, up by $3-7 per tonne from...Read More
Carbon steel plate prices in the United States were stable on Friday October 8, unchanged from the record high reached the previous week following the latest round of mill price hikes.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US was at $89 per hundredweight ($1,780 per short ton) on Friday, steady week on week but more than triple the $29 per cwt recorded o...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
Turkish steel mills ended the working week with five deep-sea cargoes due to improving steel demand, market participants said on Friday October 8.Prices increases have triggered demand for billet and long steel products in the week to October 8, leading Turkish mills to book more deep-sea cargoes for November shipments.Three deals were heard on Thursday October 7.A steel mill in the Iskenderun reg...Read More
The export pig iron market from the Commonwealth of Independent States was quiet during the week to Thursday October 7, mainly due to the inactivity of suppliers.Fastmarkets assessed high-manganese pig iron, export, fob main port Black Sea, CIS at $490-510 per tonne on Thursday, narrowing downward by $5 from $490-515 per tonne the previous week."The market has been quiet but is getting hot because...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
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
Surging spot spodumene prices following aggressive bids in the latest Pilbara Minerals' spodumene concentrate auction has elevated negotiated prices for fourth-quarter term contracts, market sources told Fastmarkets.Bids for SC 5.5% units reached a high of $2,240 per dry metric tonne (dmt), fob Hedland, during the Australian miner's second spodumene auction on its Battery Metals Exchange on Tuesda...Read More
Aluminium producers are now considering different contract structures for value-added products with alloying elements such as silicon to mitigate upside production cost risks.They, along with traders and consumers, have noted in recent weeks that contracts for long-term supply of products such as 7% silicon primary foundry alloy (PFA) will include various mechanisms to protect producers and trader...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
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...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