Turkish domestic scrap prices increased up over the past week in response to rising imported scrap values, sources said on Monday October 21.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,380-1,505 ($239-261) per tonne on Monday, up from the TRY1,300-1,430 per tonne of last week.The upturn in the assessment came following rising b...Read More
Robust demand from overseas consumers of spherical graphite for the production of electric vehicles (EVs) has helped cap the downtrend in Chinese prices in the second half of this year, Fastmarkets heard on the sidelines of the Chinese Graphite Industry Association conference last week. The price of spherical graphite in China has declined steadily since the start of the year. Fastmarkets' assessm...Read More
Cobalt sellers held firm with their offer prices last week when a round of smaller-tonnage consumer purchases made up the spot market. Fastmarkets' price assessment for cobalt, standard grade in-whs Rotterdam stood at $17.75-18.10 per lb on Friday October 18, narrowing from $17.70-18.15 per lb a week earlier. The assessment for cobalt, alloy-grade in-whs Rotterdam was unchanged week on week a...Read More
Brazilian import volumes of flat steel products dipped by 22.51% in September 2019 while long steel imports almost doubled, soaring by 96.86%, according to figures from the country's economy ministry.Imports of hot-rolled coil (HRC) from China were only 619 tonnes last month, compared with 15,589 tonnes a year before.Meanwhile, China exported only 2,827 tonnes of cold-rolled coil (CRC) to Brazil,...Read More
Export prices for hot-rolled and cold-rolled coil from the Commonwealth of Independent States continued to decline over the past week, with buyers still pessimistic and waiting for prices to reach the bottom, sources told Fastmarkets on Monday, October 21.Fastmarkets' price assessment for steel HRC export, fob Black Sea, CIS was $375-385 per tonne on October 21, down from $380-395 per tonne a...Read More
HRC import prices in Asia continued to feel downward pressure over the past week, with supplies from Russia and India weighing on the spot market. Fastmarkets' weekly steel HRC import, cfr Vietnam price assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $410-420 per tonne cfr in the week to Monday October 21, d...Read More
Here are five Fastmarkets MB stories you might have missed on Monday October 21 that are worth another look.Brazilian apparent steel consumption was down by 6.4% in September, compared with the corresponding month in 2018, with demand retreating for both domestic and imported materials, national industry association Instituto A??o Brasil said on Thursday October 17.Estimated global primary alumini...Read More
Cold heading quality (CHQ) and high-carbon wire rod prices in the United States have again been dented by lower ferrous scrap costs and ongoing soft demand, Fastmarkets has learned.Fastmarkets' assessment for steel wire rod cold-heading quality, ddp was at $35.50 per hundredweight ($710 per short ton) on Friday October 18, down by 7.8% from $38.50 per cwt one month earlier and off by 22....Read More
Brazilian import volumes of flat steel products dipped by 22.51% in September 2019 while long steel imports almost doubled, soaring by 96.86%, according to figures from the country's economy ministry.Imports of hot-rolled coil (HRC) from China were only 619 tonnes last month, compared with 15,589 tonnes a year before.Meanwhile, China exported only 2,827 tonnes of cold-rolled coil (CRC) to Brazil,...Read More
Turkish steel producers skipped the first working day of the week, with no deep-sea bookings concluded and prices steady, sources said on Monday October 21.As a result of lack of fresh trades, the daily scrap indices remained flat at the beginning of the week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was...Read More
Turkish domestic scrap prices increased up over the past week in response to rising imported scrap values, sources said on Monday October 21.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,380-1,505 ($239-261) per tonne on Monday, up from the TRY1,300-1,430 per tonne of last week.The upturn in the assessment came following rising b...Read More
Seaborne iron ore prices continued to retreat on Monday October 21 to just above $85 per tonne cfr China amid pessimism about prices and margins.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $85.40 per tonne, down by $0.96 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $85.05 per tonne, down by $0.35 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.24 per tonne, down by $0.69 per...Read More
Export steel slab prices from the CIS region continued to fall this week, under pressure from weak finished flat steel demand in the domestic and export markets.This was despite the reduced availability of slab from Ukraine and Russia amid maintenance works at the major mills.A cargo of Russian slab was sold to a buyer in Turkey at $350-355 per tonne cfr, equivalent to $335-340 per tonne...Read More
Import prices for steel slab in Southeast Asia and East Asia have fallen over the past week because of the sustained decline of prices in the downstream market for hot-rolled coil, market sources said on Monday October 21.HRC prices in Vietnam have been pressured downward by the ample supply of materials from India and Russia in the spot market.Fastmarkets' price assessment for steel slab, import,...Read More
China's domestic rebar prices were unchanged on Monday October 21 despite falling futures, with steady demand providing some stability to the market. Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedNorthern China (Beijing): 3,550-3,590 yuan per tonne, unchangedOctober's mild weather makes it a seasonally strong month for the rebar market when it comes to demand. The retur...Read More
The tungsten market remained cautiously bullish in Europe and China in the week to Friday October 18 due to lingering positive sentiment and tightening concentrate supply in China. The Chinese ammonium paratungstate export price rose by 4.3% week on week in response to continued strengthening in the Chinese market, but some market participants said they expect further uptrend momentum to be limite...Read More
Brazilian import volumes of flat steel products dipped by 22.51% in September 2019 while long steel imports almost doubled, soaring by 96.86%, according to figures from the country's economy ministry.Imports of hot-rolled coil (HRC) from China were only 619 tonnes last month, compared with 15,589 tonnes a year before.Meanwhile, China exported only 2,827 tonnes of cold-rolled coil (CRC) to Brazil,...Read More
Brazilian import volumes of flat steel products dipped by 22.51% in September 2019 while long steel imports almost doubled, soaring by 96.86%, according to figures from the country's economy ministry.Imports of hot-rolled coil (HRC) from China were only 619 tonnes last month, compared with 15,589 tonnes a year before.Meanwhile, China exported only 2,827 tonnes of cold-rolled coil (CRC) to Brazil,...Read More
Turkish steel producers skipped the first working day of the week, with no deep-sea bookings concluded and prices steady, sources said on Monday October 21.As a result of lack of fresh trades, the daily scrap indices remained flat at the beginning of the week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was...Read More
The three-month lead price on the London Metal Exchange was the standout performer on Monday October 21, closing at its highest level since July 2018 and breaching $2,200 per tonne despite moderate turnover. Lead futures on the LME closed at $2,211 per tonne this afternoon, a climb of more than 1.5% against Friday's close of $2,172 per tonne, while some 2,850 lots had been traded by the close, whi...Read More