Polish domestic rebar prices moved up over the week due to improved demand, market sources told Fastmarkets on Friday, January 31.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, ex-works Poland, rose to 2,150-2,200 zloty ($553-563) per tonne on Friday January 31 from 2,050-2,200 zloty...Read More
The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, w...Read More
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($979-1,018) per tonne on Friday, down by ?20-30 per tonne from ?780-800...Read More
The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.99 per tonne on Friday, down from $296.51 per tonne on January 24, marking the thi...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More
The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More
Monthly European alloy steel surcharges have increased slightly in January but there were already expectations in the market for decreases in March because of falling nickel costs, sources told Fastmarkets on Friday January 31.Fastmarkets' calculation on Friday of the stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe, was ?,?1,434-1,448 ($1,581-1,596) per tonne f...Read More
European steel association Eurofer forecasts a modest recovery in apparent steel consumption in 2020, with risks relating to import volumes, Eurofer said on January 30."2019 was another challenging year for the steel sector, with declines in steel consumption and import levels, which - while down compared to 2018 - were still very high compared to historical levels," director general of Eurofer, A...Read More
The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, w...Read More
South American flat steel import prices either rose or held firm during the week ended Friday January 31, while the absence of China from the market drove customers to look for materials from other origins.The Chinese government postponed the country's return from the lunar new year holiday to February 3, from January 31 originally, amid the outbreak of a coronavirus in Wuhan. Shanghai has extende...Read More
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($979-1,018) per tonne on Friday, down by ?20-30 per tonne from ?780-800...Read More
The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...Read More
Chilean state-owned copper producer Codelco has appointed Jos?(C) Sanhueza Reyes, currently general manager of the Ventanas division, to the newly created role of smelter and refinery vice president, the company said on Friday January 31.The promotion will become effective on March 1, when Reyes will become responsible for all...Read More
Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.Although there may be no impact of the coronavirus on China's GDP in the long run, we have already passed the point of "no effect" on the market, as raw material price...Read More
The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...Read More
The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More
Seaborne iron ore prices were flat on Friday January 31 while the widespread coronavirus has cast a bearish outlook into the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.94 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $83.98 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $86.55 per tonne, unchanged.58% Fe fines high-premium, cfr Qingdao: $71.60 pe...Read More
An overview of the noble alloys markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More
New drilling at the Cozamin copper-silver mine will allow the Canadian producer to double its annual copper and silver production by 2021."After 13 years since we started mining, we continue to surface incredible value for all stakeholders with the drill bit," Darren Pylot, Capstone Mining's president and chief executive officer said in a statement.The Cozamin mine currently produces 35 million lb...Read More