Argentina's domestic steel product prices were steady again in September, and sellers have been reducing payment periods to compensate for political instability and currency volatility in the country.Fastmarkets' monthly assessment for steel hot-rolled coil domestic, exw Argentina, was at $720-725 per tonne on Friday September 13, unchanged since May.The monthly assessment for steel cold-roll...Read More
Steel plate prices in the United States were unchanged during the week to Friday September 13, but market participants said that prices were likely to drop further on soft demand.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US, remained at $34.50 per hundredweight ($690 per short ton) on September 13, steady week on week but down by 2.8% from $35.50 per cwt at...Read More
Special bar quality (SBQ) prices in the United States declined after ferrous scrap costs dropped in September while demand remained muted. Plentiful inventory and weak end-use markets including the domestic oil-and-gas industry and automakers ensured that SBQ producers could not sustain August prices, according to market participants. "The market is languishing," a mill source said. Fast...Read More
Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) continued to fall last week on low demand and soft scrap prices, sources told Fastmarkets on Monday September 16.HRC exportsFastmarkets' weekly price assessment for steel HRC, export, fob main port Turkey, was $455-465 per tonne on September 13, down by $5 per tonne week on week.Some buyers in the EU have been cautious about making...Read More
Asia's hot-rolled coil markets are now seeking bright spots after price falls in the region eased.Prices have rebounded in the past week in the key regional market China of while the monsoon season in India is approaching its end."It is possible that the price drops have stopped and the bottom has been reached," a buyer source in Vietnam told Fastmarkets on Friday September 13.Supply of Indian HRC...Read More
Bargain-hunting buyers in Singapore buyers are indeed turning to Turkish rebar after prices for ferrous scrap in Turkey fell to their lowest in close to three years over the past week.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $440-450 per tonne for the week...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreBHP, Beijing Iron Ore Trading Center, 80,000 tonnes of 57.1% Fe Yandi...Read More
Seaborne iron ore prices were rangebound on Monday September 16 amid inactive trading after China returned from a three-day weekend to celebrate the Mid-Autumn Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $98.45 per tonne, down $0.85 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $98.84 per tonne, down $0.85 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $96.94 per ton...Read More
The seaborne coking coal market remained quiet on Monday September 16 despite the return of Chinese participants after a long weekend due to the Mid-Autumn Festival last Friday.Premium hard coking coal, fob DBCT: $148.15 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $167.76 per tonne, unchangedHard coking coal, fob DBCT: $131.75 per tonne, unchangedHard coking coal, cfr Jingtang: $15...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products.Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
China's domestic hot-rolled coil prices rose on Monday September 16 amid moderate trading activity, while exporters remained under pressure from efforts of suppliers in other parts of the world to undercut them.DomesticEastern China (Shanghai): 3,710-3,720 yuan ($524-525) per tonne, up 10-30 yuan per tonneNorthern China (Tangshan): 3,620-3,630 yuan per tonne, narrowing upward by 20 yuan per tonneT...Read More
The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday September 16, retreating toward $17,300 per tonne, ignoring stock outflows that have brought on-warrant material down to its lowest level in eight years. Turnover has been moderate for the base metals complex so far this morning, with copper traded volumes taking the lead at 7,200 lots exchanged as...Read More
China's domestic rebar prices increased on Monday September 16 following a strong showing by steel futures following an attack on Saudi Arabian oil facilities over the weekend. Domestic Eastern China (Shanghai): 3,720-3,750 yuan ($525-530) per tonne, up 70 yuan per tonneNorthern China (Beijing): 3,640-3,670 yuan per tonne, up 20 yuan per tonneThe most-traded November crude oil contract on the Shan...Read More
Key data from the pricing sessions in Asia and Europe during the week ended Friday September 13. China Key drivers The price for antimony, MMTA standard grade II, ddp China continued to move up after many domestic producers lifted their offer prices further, citing limited availability of cargoes at hand. Many domestic antimony consumers retreated from the market last week after notici...Read More
Over the past week the metals have looked stronger and some dovish comments by United States President Donald Trump over US-China trade relations seem to have provided a slight confidence boost, but headwinds are being felt this morning, Monday September 16.An 11% rise in crude oil prices this morning following an attack on a Saudi Arabian oil refinery, combined with weak Chinese industrial produc...Read More
The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subscr...Read More
Positive trading environmental for aluminium and...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Aluminium LME aluminium price action has been kept...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More
Short-covering under way Copper has rebounded...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest i...Read More
Prices push through $2,100 per...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More