Some coated flat steel prices in Turkey are expected to increase in the near future, driven by an expected domestic price rise for hot-rolled coil (HRC) and good export demand, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic hot-dipped galvanized coil (HDG) was $780-790 per tonne ex-works on February 16, compared with $...Read More
Domestic prices for hot-rolled coil (HRC) in Turkey have been largely unchanged over the past week, but mills are likely to raise their offers for May-production material, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic HRC was $630-645 per tonne ex-works on February 16, compared with $630-640 per tonne ex-works a week...Read More
Prices for flat steel products imported into South America were unchanged this week because of the lack of trading activity, Metal Bulletin has been told."The market is stopped due to the Chinese [lunar] new year [celebrations], with fresh offers expected to be placed later next week," a Pacific coast-focused steel trader said. "And we expect prices to rise after the break."The lunar...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.The break in some markets to celebrate the Chinese lunar new year has driven commodity prices this week.Metal Bulletin's 62% Iron Ore Index increased to $78.43 per tonne cfr on Thursday, while Metal Bulletin's fob Australia indices for coking coal were flat at $229.57 per tonne for premium hard coking c...Read More
Metals industry equipment supplier Primetals Technologies has appointed Satoru Iijima its chief executive officer and board chairman, to take office on April 1 this year, it said on Friday February 16.Iijima, who was previously CEO of Primetals Technologies' subsidiary in the United States, will replace Yasukuni...Read More
Domestic prices for rebar in Poland inched down this week due to seasonally slow trading activity, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,310-2,340 zloty ($693-702) per tonne ex-works on February 16, compared with 2,310-2,360 zloty per tonne...Read More
Prices for light iron, grade-5C steel scrap from the United Kingdom were largely unchanged this week, with buyers continuing to secure satisfactory volumes of material and paying current market prices, sources told Metal Bulletin on Friday February 16.The key scrap export markets in Turkey and India strengthened this week, but the knock-on effect to the UK grade-5C market has been limited so far,...Read More
The price range for austenitic alloy steel scrap imported into mainland Europe rose by ?,?10-30 per tonne week-on-week on Friday February 16, after the nickel price rose sharply.Metal Bulletin's weekly price assessment on Friday for 18/8 stainless steel solids imported into mainland Europe was ?,?1,150-1,160 ($1,435-1,448) per tonne cif main European ports, compared with ?,?1,120-1,150 per tonne c...Read More
Steel scrap prices in the world's major markets remained firm during the working week from Monday February 12 to Friday February 16.Turkish steel mills continued their deep-sea scrap purchases for March, with prices going up slightly over the week.Meanwhile, the United States' export market enjoyed the demand from Turkish mills and expected stronger prices in the country's own domestic market.Impo...Read More
Indian local secondary billet prices have risen by at least 1,000 rupees ($13) per tonne in the current week on a notable rise in the prices of finished steel products such as rebar.Domestic secondary billet, which is mainly produced through the induction furnace route, ended the week at prices of 32,500-33,000 rupees ($508-516) per tonne ex-mill on Friday February 16.This was a rise of at least 1...Read More
The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has narrowed downward by ?,?20 per tonne over the past week, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,100 ($1,323-1,373) per tonne delivered in Northern Europe, down from ?,?1,060-1,...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.The break in some markets to celebrate the Chinese lunar new year has driven commodity prices this week.Metal Bulletin's 62% Iron Ore Index increased to $78.43 per tonne cfr on Thursday, while Metal Bulletin's fob Australia indices for coking coal were flat at $229.57 per tonne for premium hard coking c...Read More
Some coated flat steel prices in Turkey are expected to increase in the near future, driven by an expected domestic price rise for hot-rolled coil (HRC) and good export demand, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic hot-dipped galvanized coil (HDG) was $780-790 per tonne ex-works on February 16, compared with $...Read More
Domestic prices for hot-rolled coil (HRC) in Turkey have been largely unchanged over the past week, but mills are likely to raise their offers for May-production material, sources told Metal Bulletin on Friday February 16.Domestic pricesMetal Bulletin's weekly price assessment for Turkish domestic HRC was $630-645 per tonne ex-works on February 16, compared with $630-640 per tonne ex-works a week...Read More
The base price assessment in Europe for 2mm, grade-304 cold-rolled (CR) stainless steel sheet has narrowed downward by ?,?20 per tonne over the past week, sources told Metal Bulletin on Friday February 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,100 ($1,323-1,373) per tonne delivered in Northern Europe, down from ?,?1,060-1,...Read More
Prices for light iron, grade-5C steel scrap from the United Kingdom were largely unchanged this week, with buyers continuing to secure satisfactory volumes of material and paying current market prices, sources told Metal Bulletin on Friday February 16.The key scrap export markets in Turkey and India strengthened this week, but the knock-on effect to the UK grade-5C market has been limited so far,...Read More
The latest metal markets news and price moves to start the North American day on Friday February 16.Base metals prices on the London Metal Exchange were mostly higher during morning trading with prices holding firm near fresh 2018 high levels.The three-month copper price has rallied back above $7,200 per tonne with the rally underpinned by a weaker dollar - the dollar index is now back...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsZinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months, with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs this week. A widening contango in forward price spreads on the LME is contributing to bullish...Read More
Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday. Lead prices are up by the most in percentage terms, with a 0.7% rise, followed by aluminium (0.6%) copper (0.4%) at $7,217 per tonne, with nickel and tin prices up 0.35 and zinc little changed. With the...Read More
Zinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs. It has been the best performing base metal on the London Metal Exchange since 2016. Prices climbed to $3,595.50 per tonne on Thursday February 15 - the highest since July 2007. "Last year, no one imagined prices could g...Read More