An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic spot battery-grade lithium carbonate market stabilized on Thursday April 11 after a slight decrease last week following a cut to the country's value-added tax (VAT) on April 1, while the battery-grade lithium hydroxide price edged down due to deals reported at lower prices.Chinese battery-grade lithium carbonate market stabilized after slight decrease last week. Lithium hydro...Read More
Fastmarkets published its India domestic, export and import prices later than scheduled on Friday April 12, because of a technical issue.The following prices were published in Fastmarkets' price book later than scheduled.India domestic cold-rolled coil, rupees per tonne, ex-worksIndia domestic direct-reduced iron, rupees per tonne, exwIndia domestic heavy plate, rupees per tonne, exwIndia domestic...Read More
South American import prices for flat steel were almost unchanged this week because of the low levels of demand, but rumors of price increases for specific materials were heard among buyers and traders.Current prices from China were already considered high by clients, which were reported to be holding large inventories.Fastmarkets' weekly price assessment for South American imported cold-rolled co...Read More
Prices for coated-steel products in Turkey decreased in the seven days to Friday April 12, with demand weak in the domestic market.Demand failed to improve because of the uncertainty after local elections held across the country on March 31, and the continuing weakening of the Turkish lira.Unofficially, the Justice & Development Party (AKP) - the party of national government - won the majority of...Read More
Fastmarkets published its India domestic, export and import prices later than scheduled on Friday April 12, because of a technical issue.The following prices were published in Fastmarkets' price book later than scheduled.India domestic cold-rolled coil, rupees per tonne, ex-worksIndia domestic direct-reduced iron, rupees per tonne, exwIndia domestic heavy plate, rupees per tonne, exwIndia domestic...Read More
Domestic prices for rebar in Poland have been stable over the week supported by good demand, sources told Fastmarkets on Friday April 12.Fastmarkets' weekly price assessment for domestic 12mm B500B-grade rebar in Poland was unchanged at 2,220-2,290 zloty ($584-603) per tonne ex-works on April 12.The assessment reflects deals and offers heard in the market. Polish steelmakers have been trading...Read More
A safeguarding investigation into imports of semi-finished iron products, non-alloy steel and steel rebar by Egypt's Ministry of Trade & Industry could lead to a fall in billet, rebar and scrap prices.Initiated on Tuesday April 2, the investigation is of particular concern to CIS producers as they are they main suppliers of billet Egyptian re-rollers, sources told Fastmark...Read More
Fastmarkets published its India domestic, export and import prices later than scheduled on Friday April 12, because of a technical issue.The following prices were published in Fastmarkets' price book later than scheduled.India domestic cold-rolled coil, rupees per tonne, ex-worksIndia domestic direct-reduced iron, rupees per tonne, exwIndia domestic heavy plate, rupees per tonne, exwIndia domestic...Read More
Global ferrous scrap prices were on a downward trend this week due to thin demand from steel mills, which expected spot prices to continue to fall in the near term. Spot prices in Vietnam bucked the trend, stable despite limited offers for HMS 1&2 (80:20) materials. Turkey scrap demand limited US ferrous scrap market likely to continue downtrend Kanto Tetsugen tender concludes at ?23,300 ($209) p...Read More
European traders have complained of being priced out of the market for domestic grade-316 stainless steel scrap because of high demand from Asian importers, Fastmarkets heard on Friday April 12.One European trader was offered grade-316 scrap solids at ?,?1,650 ($1,859) per tonne delivered, but declined the deal because it did not think it would be able to achieve a positive margin when selling the...Read More
Fastmarkets published its India domestic, export and import prices later than scheduled on Friday April 12, because of a technical issue.The following prices were published in Fastmarkets' price book later than scheduled.India domestic cold-rolled coil, rupees per tonne, ex-worksIndia domestic direct-reduced iron, rupees per tonne, exwIndia domestic heavy plate, rupees per tonne, exwIndia domestic...Read More
Billet producers in the Commonwealth of Independent States (CIS) have started to seek sales opportunities in Asia, considering the weak sentiment in their traditional markets in the Middle East-North Africa (Mena) region.A large cargo of Ukraine-origin billet was sold to South Asia at $440-445 per tonne fob Black Sea, Fastmarkets has learnt, which would be equivalent to $470-475 per tonne cfr.And...Read More
A safeguarding investigation into imports of semi-finished iron products, non-alloy steel and steel rebar by Egypt's Ministry of Trade & Industry could lead to a fall in billet, rebar and scrap prices.Initiated on Tuesday April 2, the investigation is of particular concern to CIS producers as they are they main suppliers of billet Egyptian re-rollers, sources told Fastmark...Read More
Transaction prices for grade-304 stainless steel cold-rolled (CR) sheet in Europe remained static in the week ended Friday April 12 despite some mills continuing to offer material at inflated levels.Offer prices for grade-304 CR sheets were heard as high as ?,?2,350 ($2,648) per tonne delivered during the week, the same level as in the previous week.Despite these offers, Fastmarkets' price assessm...Read More
UK and European steel market participants renewed calls for the European Union and the United Kingdom to reach an agreement and avoid continued market uncertainty after the UK was granted a six-month extension to delay Brexit until Thursday October 31. The latest extension has also averted the prospect of the UK having to leave the EU without a deal on Friday April 12. A "no deal" Brexit would mea...Read More
UK and European steel market participants renewed calls for the European Union and the United Kingdom to reach an agreement and avoid continued market uncertainty after the UK was granted a six-month extension to delay Brexit until Thursday October 31. The latest extension has also averted the prospect of the UK having to leave the EU without a deal on Friday April 12. A "no deal" Brexit would mea...Read More
A safeguarding investigation into imports of semi-finished iron products, non-alloy steel and steel rebar by Egypt's Ministry of Trade & Industry could lead to a fall in billet, rebar and scrap prices.Initiated on Tuesday April 2, the investigation is of particular concern to CIS producers as they are they main suppliers of billet Egyptian re-rollers, sources told Fastmark...Read More
Aluminium foundry premiums in Western Europe and the United States continued to slide on Friday April 12 following sustained concerns about the automotive industry. The premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms was assessed Friday at $340-360 per tonne. The premium is down more than 17.6% year on year....Read More
Aluminium billet premiums worldwide were mostly static on Friday April 12, although the premium in Brazil bucked the trend in moving to its highest level since June 15 of last year. ?EUR? Spanish premium drops below $400 per tonne ?EUR? Brazilian market pushes higher on more offers?EUR? US spot market remains quiet?EUR? Asia quiet ahead of holidaysEurope mostly quiet; Spain continues to fallThe pr...Read More