Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 24.China Low-grade seaborne manganese ore prices ticked up with market participants expecting higher offer prices after the Chinese new year holiday, running January 24-30, while the high-grade market was stable. There was no liquidity reported, however, because of holiday absences. The ports...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below: Europe - Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V - Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5 China - Ferro-vanadium 78% V min, fob China, $/kg V - Vanadium pentoxid...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 24. Europe The high-carbon ferro-chrome market rose strongly with some producers reporting increased demand from some end consumers. Production cuts have led to a shortage of lower-priced material to parts of the market, while an increase in offer prices for Indian material has c...Read More
An overview of the minor metals markets and their latest price moves.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday January 24, but a drop in European export prices to traditional markets in Turkey and the Indian subcontinent may drag on British prices in the near term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?95...Read More
The price of grade-316 stainless steel scrap rose in the UK domestic market this week on short supply, sources told Fastmarkets on Friday January 24. Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,200-1,220 ($1,575-1,601) per tonne on Friday, up from ?1,170-1,200 per tonne a week ago.Supply of stainless steel scrap is typically low in...Read More
The price of ferrous scrap imported into India continued to fall this week, in line with the drop in international scrap prices, sources told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, was $296.51 per tonne on January 24, down from $313.61 per tonne on January 17. Deals for shredded material into India were heard at the beginning of the week...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 24.China Low-grade seaborne manganese ore prices ticked up with market participants expecting higher offer prices after the Chinese new year holiday, running January 24-30, while the high-grade market was stable. There was no liquidity reported, however, because of holiday absences. The ports...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The majority of flat-steel import prices have remained stable week on week in South America, with March-shipment settlements closed and deal-making more scarce while the East Asia-facing market winds down for the lunar new year.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $530-540 per tonne on Friday January 24, unchanged for the second consecutive week...Read More
Domestic prices for hot-rolled coil in Northern Europe have been fairly stable day on day but the mood in the market remained upbeat, sources told Fastmarkets on Friday January 24.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?460.81 ($510.25) per tonne on Friday, compared with ?,?461.18 per tonne on January 23.The index was based on deals and "workable"...Read More
Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), decreased in the week to Friday January 24 amid moderate demand, sources told Fastmarkets.Demand was moderate because buyers had expected prices to decrease more because of falling scrap prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr T...Read More
Czech steelmaker Trineck?(C) ? 1/2 elez??rny plans to increase its capacity and production volumes in 2020 despite reducing its level of investment, the company said on Thursday January 23.Last year, the company reduced its planned investments by 500 million Czech koruna ($22 million) due to a decline in demand and low prices, it said."We reduced total investment by more than 500 million Czech kor...Read More
Indian domestic secondary billet prices have risen by 400 rupees ($6) per tonne in the week ended Friday January 24, on price rises announced by all the country's major iron ore miners.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on January 24, rose by 400 rupees per tonne to 30,100-30,300 rupees ($422-425) per tonne, compared with last week's assessment at 29,700-2...Read More
Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.The proposals from Jingye on terms of employment now need to be agreed by British Steel staff following the negotiations by the various trade unions.Other outstanding hurdles to the deal include Jingye reaching an agreement.....Read More
Pig iron import prices in the United States have softened under a bearish mood in the scrap market, sources told Fastmarkets on Friday January 24.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $345-350 per tonne on Friday, widening downward from $350 per tonne a week earlier.Several bookings of Russia-origin material were heard at $345-348 per tonne cfr. "Deal...Read More
Low pig iron availability in the export market from the Commonwealth of Independent States (CIS) prevented prices from following the rapid drop in the scrap market, sources told Fastmarkets during the week ended Thursday January 23."I agree that normally pig iron follows the trend in the scrap market, but now the availability from the CIS is so low that this rule doesn't apply," one exporter said....Read More
The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday January 24, but a drop in European export prices to traditional markets in Turkey and the Indian subcontinent may drag on British prices in the near term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?95...Read More
Export prices of Brazil-origin slab remained unchanged in the week to Friday January 24, as deals were limited because most producers were sold out of March-shipment volumes.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, stood at $430-450 per tonne on January 24, unchanged week on week.Brazilian steelmakers had already booked...Read More