Turkish scrap import prices edged up slightly on Friday June 15, when two deep-sea cargoes came to light that had been booked earlier.No new deals were heard on June 15 with Turkey celebrating the Eid Al-Fitr holiday to mark the end of the Islamic holy month of Ramadan, but two deep-sea cargoes had been heard late on Thursday after...Read More
Three-month base metals prices on the London Metal Exchange were for the most part lower on the morning of Friday June 15, led by a 0.6% fall in zinc prices to $3,161 per tonne.While nickel gained 0.3%, the rest are off between 0.1% and 0.2%. Copper prices were recently quoted at $7,153 per tonne.Volumes have been average with 5,356 lots traded as of 0707 London time. This follows a day of we...Read More
China's domestic spot battery-grade lithium carbonate prices fell further in thin buying this week but lithium hydroxide prices held steady.Asian seaborne battery-grade lithium carbonate prices also edged down, reflecting the continued fall in Chinese prices.A further fall in battery-grade lithium carbonate prices in China weighs on seaborne cif China, Japan and Korea market pricesDownstream consu...Read More
Prices for imports of South Korea-origin hot rolled coil (HRC) into India have fallen by about $15 per tonne this week to $645-650 per tonne cfr Chennai port.This compared with a similar South Korean HRC shipment booked more than a month ago at $660-665 per tonne cfr Chennai port.The South Korean cargo, scheduled for shipment in July, was agreed by a Chennai-based end-user after importers in Mumba...Read More
China's domestic hot-rolled coil prices were largely flat on Friday June 15, with traders and buyers in wait-and-see mode before the country's upcoming three-day public holiday.DomesticEastern China (Shanghai): 4,310-4,320 yuan ($674-675) per tonne, narrowed by 10 yuan per tonne at both ends of the range.Northern China (Tianjin): 4,240-4,250 yuan per tonne, narrowed down by 10 yuan per t...Read More
China's ferrous futures were mixed in the morning trading session on Friday June 15, with coke futures up, HRC futures down, and those of rebar, iron ore and coking coal largely flat. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,877 yuan ($606) per tonne, down 2 yuan per tonne October hot-rolled coil: 3,954 yuan per tonne, down 13 yuan per tonne Dalian Commod...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Turkish scrap import prices recovered this week on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.The US import pig iron market imp...Read More
Domestic rebar prices in Poland remained largely unchanged over the past week despite slow trading, sources told Metal Bulletin on Friday June 15.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,230-2,300 zloty ($610-629) per tonne ex-works on June 15, compared with 2,220-2,300 zloty per tonne ex-works a week earlier.The assessment reflects the latest re...Read More
Italian special long steelmaker Ori Martin has acquired a majority share in compatriot steelmaker Ferrosider, it said on Friday June 15.Long steel producer Ferrosider, which like Ori Martin is also headquartered in Brescia, northern Italy, specializes in the production of flat, round and square merchant bars for customers in the mechanical engineering and carpentry industries.Ferrosider has a turn...Read More
Brazilian pig iron export prices remained unchanged this week, but rumors of shipments being booked at lower prices have started to be heard.Metal Bulletin's weekly price assessment on Friday June 15 for Minas Gerais-origin pig iron exports was $390-395 per tonne fob, while the assessment for Caraj??s-origin pig iron on the same day was $395-400 per tonne fob.Both prices were unchanged week-on-wee...Read More
UK domestic prices for austenitic alloy steel scrap decreased this week on slowing demand and a fall in the price of nickel toward the close of last week.On Friday June 15, the London Metal Exchange three-month official nickel bid/offer spread was $15,330/15,350 per tonne, up slightly from $15,300/15,305 per tonne on June 8. However, this was down from the June 7 price of $15,755/15,760 per tonne,...Read More
Turkish scrap import prices recovered in the week ended Friday June 15 on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.East Coast fob prices in the US were up due to the Turkish demand. Taiwan import prices rose similarly, wi...Read More
Slab export prices from Brazil have increased this week due to renewed demand from clients in the United States.Metal Bulletin's weekly assessment of Brazil slab export prices was $590-600 per tonne fob on Friday June 15, up from $580-590 per tonne last week.Several deals were reported within the range of $590-600 per tonne fob this week, with companies keeping their focus...Read More
China's domestic rebar prices were unchanged on Friday June 15 and trading activity was subdued as futures declined.Domestic Eastern China (Shanghai): 4,140-4,180 yuan ($647-653) per tonne, unchanged Northern China (Beijing): 3,950-3,980 yuan per tonne, unchanged Buyers cut procurement rates as futures kept their downward trend in early trading after Thursday night's losses. Traders maintained the...Read More
Key data from the pricing session in the week ending Friday June 15.China Chinese domestic ferro-chrome market strengthens further owing to tightened supply following a new round of environmental inspections in 2018. Higher prices reported for imported charge chrome this week, buoyed by fuel costs increase in winter of South Africa and supply disruptions during maintenance period...Read More
European base prices for flat and long stainless steel products were unchanged this week amid generally balanced and stable market conditions, sources told Metal Bulletin on Friday June 15.Demand is healthy, both domestically and for export, with one distributor noting particularly high interest from the UK and Eastern Europe, although buying from Turkey has slowed, possibly as a result of the wea...Read More
China's ferrous futures were mixed in the morning trading session on Friday June 15, with coke futures up, HRC futures down, and those of rebar, iron ore and coking coal largely flat. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,877 yuan ($606) per tonne, down 2 yuan per tonne October hot-rolled coil: 3,954 yuan per tonne, down 13 yuan per tonne Dalian Commod...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Turkish scrap import prices recovered this week on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.The US import pig iron market imp...Read More
The number of new passenger car registrations in the European Union increased slightly by 0.83% year-on-year in May 2018.New car sales in Europe totalled 1,398,913 units in May this year, compared with 1,387,450 vehicles sold in the corresponding month of 2017, the...Read More
The US billet upcharge hit another all-time high this week, fueled mostly by issues with suppliers getting material to buyers on time, combined with the continued absence of UC Rusal from the US spot market. Other premiums throughout the globe remained generally steady.US billet premium rises on lessened 6063 availabilityThe US spot extrusion billet upcharge rose to a record high of 17-19 cents pe...Read More