Prices in Southeast Asia's steel billet market remained stable on Friday December 27 amid limited trading activity in the region during the year-end Christmas and New Year festive season. Billet produced in Russia, India, Oman and Qatar were offered at $448-460 per tonne cfr Southeast Asia while market participants estimated that the tradeable price was $445-448 per tonne cfr Southeast Asia. In Vi...Read More
Malaysia will impose anti-dumping tariffs of up to 26.39% on cold-rolled coil imported from China, Japan, South Korea and Vietnam. The import taxes will be in effect for five years from December 25, 2019, to December 24, 2024, Malaysia's Ministry of Trade and Industry (MITI) said earlier this week.The products subject to the duties are cold-rolled coils of iron or non-alloy steel, of...Read More
The uptrend in the Commonwealth of Independent States' export pig iron market continued during the last full week of 2019 on sales to key outlets at higher prices and expectations for further growth in early 2020, sources told Fastmarkets.Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS was $315-322 per tonne on Friday December 27, up...Read More
Domestic steel billet prices in India increased by 1,600 rupees ($23) per tonne in the week ended Friday December 27 due to a sharp rise in finished steel product prices and increased buying of semi-finished goods by rolling mills.Fastmarkets assessed the price of steel billet domestic, exw India at 29,000-29,200 rupees per tonne on December 27 compared with 27,400-27,600 rupees per tonne a week e...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 27.China Seaborne prices of both grades of manganese ore in China continued higher after deals for February delivery of material were concluded at higher levels.Chinese domestic portside manganese ore prices of both grades rose further due to...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday December 27. ChinaSpot Chinese ferro-chrome prices fell in an oversupplied market, with falling January tender prices from major Chinese stainless steel mills weighing further on the spot market.Taiyuan Iron & Steel (Tisco) slashed its...Read More
Seaborne iron ore prices rose on Friday December 27 because of trades heard at higher levels.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.51 per tonne, up $0.88 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $90.60 per tonne, up $0.88 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.65 per tonne, up $1.04 per tonne.58% Fe fines high-premium, cfr Qingdao: $77.73 per tonne, up...Read More
Trading activity in the seaborne coking coal market was robust this week despite it being the end of the year, with over 800,000 tonnes of premium products changing hands.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.25 per tonne, up $0.12 per tonnePremium hard coking coal, cfr Jingtang: $148.77 per tonne, up $0.82 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard...Read More
Nickel and tin dipped in the morning trading session on the London Metal Exchange on Friday December 27 but the rest of the base metals were firm after the Christmas break"While the LME was away yesterday it's fair to say little happened in its absence. Prices have started the day as a mixed bag," Kingdom Futures CEO Malcolm Freeman said in a morning note. The LME three-month nickel price fell fur...Read More
The price of ferrous scrap imported into India increased this week due to the upswing in global ferrous scrap markets, sources told Fastmarkets.Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $307.54 per tonne on on Friday December 27, up from $296.05 per tonne a week earlier.Deals were heard for shredded scrap at $305-310 per tonne and offers at $315 per tonne. Negotiations...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Base metals prices were little changed at the close on Friday December 27, with a return to market post-Christmas doing little to inspire upward price movement on the London Metal Exchange."There is really not a great deal to talk about in the metals market apart from the Santa rally in US indices amid record high prices, fueled no doubt by the trade deal with China," Fastmarkets research analyst...Read More
A weekly brief on the Fastmarkets copper concentrate index. Fastmarkets copper concentrates TC/RC index, cif Asia Pacific rose to $54.8 per...Read More
Base metals stocks in Shanghai Futures Exchange-approved warehouses largely fell in the week to Friday December 27.The largest weak-on-week decrease in deliverable stocks was in zinc - they fell by 4,587 tonnes or 16.35% to 28,054 tonnes. The Quansheng Logistics warehouse...Read More
The price of alumina in China edged higher this week, breaking a run of 14 consecutive weekly declines, on reports of substantial production cuts in the country.Fastmarkets' weekly price assessment of alumina metallurgical grade, ddp China stood at 2,330-2,460 yuan ($333-352) per tonne on Friday December 27, up by 30-40 yuan per tonne or 1.5% from 2,300-2,420 yuan per tonne a week earlier, when th...Read More
Nickel and tin dipped in the morning trading session on the London Metal Exchange on Friday December 27 but the rest of the base metals were firm after the Christmas break"While the LME was away yesterday it's fair to say little happened in its absence. Prices have started the day as a mixed bag," Kingdom Futures CEO Malcolm Freeman said in a morning note. The LME three-month nickel price fell fur...Read More
The domestic price of hot-rolled coil in Northern Europe held steady on Friday December 27 from the previous day, which market sources attributed to holiday-thinned activity.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe was unchanged at ?,?439.39 ($487.46) per tonne on Friday in slow market conditions.The calculation of the index was based on the latest...Read More
Flat-rolled steel import prices were mostly unchanged in South America in the week to Friday December 27 amid a market lull resulting from the year-end holidays.Fastmarkets assessed the price for steel plate import, cfr main ports South America at $520-530 per tonne on Friday, up from $510-525 per tonne a week before. While countries in the region's Pacific Coast did not get new offers for China-o...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 December 27, a reflection of typically modest demand around the end of the year, sources told Fastmarkets.Domestic pricesDemand in Turkey's local market was moderate because buyers had placed their orders earlier in December. Most producers have filled the...Read More
Prices for steel billet and rebar in Egypt were stable in the week ended Friday December 27 in subdued year-end trading conditions when demand is typically weak, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?10,000-10,580 ($622-658) per tonne ex-works including 14% VAT, unchanged since...Read More