The Turkish steel producers have gone another day without making any deep-sea scrap bookings because of the slowdown in the finished and semi-finished steel markets, sources said on Thursday July 11.A steel mill in the Iskenderun region had booked a UK cargo on July 9 at $288 per tonne cfr for HMS 1&2 (80:20). The mills then went quiet in the deep-sea scrap markets.But market participants...Read More
Although rate cut expectations encouraged the London Metal Exchange three-month base metals prices to move higher yesterday, they have started to weaken in early trading today, Thursday July 11, and been unable to attract follow-through buying. In his prepared remarks, Federal Reserve Chairman Gerome Powell last night noted that uncertainties since the June FOMC meeting continued to dim...Read More
Argosy Minerals has started lithium carbonate production at its industrial-scale pilot plant at its flagship Rincon lithium project in Argentina, it said late last week. The Australian junior lithium miner owns 77.5% of Puna Mining SA, the company that holds 100% of Rincon, which is located in the northern province of Salta in the South American lithium triangle. Upon reaching the commercial opera...Read More
Trading activity in eastern China's hot-rolled coil market rose to moderate levels on Thursday July 11 after sellers cut prices.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($561-564) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, unchangedTrading in Shanghai was robust in the morning when traders set prices at 3,860-3,870 yuan per tonne.But once pr...Read More
European distributors of flat steel products reported a 1% year-on-year rise in shipment volumes in May 2019, Eurometal said this week.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Northern Europe, was ?,?475-490 ($532-549) per tonne on July 10, compared with ?,?480-495 per tonne ex-works a week earlier. Prices moved down due to poor demand.Eurometal's stock index f...Read More
Mexico's steel association, Canacero, has denied that Mexican producers of fabricated structural steel who export to the United States have been receiving subsidies, as alleged by US authorities.The denial on Tuesday July 9 followed the US Commerce Department's issuance of affirmative preliminary determinations a day earlier in its countervailing duty investigations of fabricated structural steel...Read More
Ukraine's largest producer of long steel, ArcelorMittal Kryvyi Rih, is performing hot tests of one of two new continuous casting machines, designated CCM No2 and CCM No3, the company announced on Thursday July 11."The machine will be put into operation in the third quarter of 2019," the company said in a recent release, adding that the second new CCM will be ready by the end of the year.The constr...Read More
Turkish rebar export prices increased slightly this week, while wire rod prices remained largely unchanged, sources said told Fastmarkets on Thursday July 11.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) export, fob main port Turkey, was $455-465 per tonne on an actual-weight basis on July 11, narrowing up from last week's $445-465 per tonne.Turkish steel mills...Read More
The Turkish domestic long steel markets have remained quiet over the past week amid sluggish summertime demand, sources told Fastmarkets on Thursday July 11.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY3,100-3,130 ($542-547) per tonne on Thursday, widening upward slightly from last week's TRY3,100-3,120 per tonne.The...Read More
The Turkish steel producers have gone another day without making any deep-sea scrap bookings because of the slowdown in the finished and semi-finished steel markets, sources said on Thursday July 11.A steel mill in the Iskenderun region had booked a UK cargo on July 9 at $288 per tonne cfr for HMS 1&2 (80:20). The mills then went quiet in the deep-sea scrap markets.But market participants...Read More
Seaborne iron ore prices fell on Thursday July 11, with demand weakening because of steel production restrictions in north China. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $119.37 per tonne, down $1.59 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $119.29 per tonne, down $1.59 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines...Read More
Turkish steel billet export prices dipped slightly this week after demand fell away following a downturn in scrap import values, sources said on Thursday July 11.Domestic and import billet prices remained stable over the period, they added.Fastmarkets' weekly price assessment for steel billet export, fob main port Turkey, was $425-435 per tonne, down from $435-440...Read More
The price of steel billet imported into Egypt increased in the week to Thursday July 11 because of higher offers, despite the poor domestic demand."Offer prices are increasing but there are no bookings because of the uncertainty about safeguard duties," a local market source told Fastmarkets.In April, Egypt imposed a temporary additional duty on rebar and billet in response to increased import vol...Read More
China's rebar prices held steady on Thursday July 11 amid a drop in both supply and demand.Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedA total of 3.76 million tonnes of rebar were produced during the week to Thursday, down 21,000 tonnes from the preceding week, according to a local industry inform...Read More
Salzgitter Flachstahl, a flat steel subsidiary of German steelmaker Salzgitter, plans to build a hot-dipped galvanizing (HDG) line with capacity for 500,000 tonnes per year, the company said on Thursday July 11.The new production facility will be intended to supplement the company's existing capacities."This project is a key component in the strategy of the Salzgitter Group that focuses on qualita...Read More
European distributors of flat steel products reported a 1% year-on-year rise in shipment volumes in May 2019, Eurometal said this week.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Northern Europe, was ?,?475-490 ($532-549) per tonne on July 10, compared with ?,?480-495 per tonne ex-works a week earlier. Prices moved down due to poor demand.Eurometal's stock index f...Read More
Mexico's steel association, Canacero, has denied that Mexican producers of fabricated structural steel who export to the United States have been receiving subsidies, as alleged by US authorities.The denial on Tuesday July 9 followed the US Commerce Department's issuance of affirmative preliminary determinations a day earlier in its countervailing duty investigations of fabricated structural steel...Read More
Lead's three-month price on the London Metal Exchange was higher at the close of trading on Thursday July 11, climbing by around 2% through the day to approach the nearby resistance level at $2,000 per tonne, a threshold the metal has not surpassed since April this year.Three-month lead futures closed at $1,972 per tonne in the afternoon, while total volumes traded were at their highest since Octo...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, exw domestic China, yuan/tonne. Fastma...Read More
Turkish steel billet export prices dipped slightly this week after demand fell away following a downturn in scrap import values, sources said on Thursday July 11.Domestic and import billet prices remained stable over the period, they added.Fastmarkets' weekly price assessment for steel billet export, fob main port Turkey, was $425-435 per tonne, down from $435-440...Read More