Polish industrial investor Sunningwell International Polska has extended its lease of insolvent Polish steel plate producer Huta Czestochowa, sources told Fastmarkets on Friday October 16.Sunningwell won an earlier tender to buy Huta Czestochowa but failed to submit payment in time. It was granted permission to extend the lease of the mill, but not beyond June 30, 2021, a source in the district co...Read More

Domestic Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil (pre-painted galvanized iron or PPGI) decreased in the week to Friday October 16, due to slow demand, sources told Fastmarkets.Fastmarkets' weekly price assessment of steel HDG, domestic, exw Turkey was $670-680 per tonne on Friday, down by $10 per tonne week on week from $680-690 per tonne previously.The assessment...Read More

Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Friday October 16, but buyers expect domestic mills to announce higher prices soon, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?495.83 ($581.05) per tonne on Friday October 16, up by just ?,?0.20 per tonne from ?,?495.63 per tonne o...Read More

Base metals prices on the LME and the SHFE were mixed this morning, Friday October 16, but overall were holding up well despite growing concern over the spread of Covid-19 across Europe and the United States.* Despite the spread of the pandemic the markets seem to be assured that more stimulus will be forthcoming.* EU passenger car registrations climbed 3.1% in September, compared with last year,...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures increased slightly following release of September U.S. Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.7% versus a gain of 0.6% in August. Actual was up 1.9%. Excluding auto sales, consensus was an increase of 0.4% versus a gain of 0.7% in August. Actual was an...Read More

Domestic ferrous scrap prices in Germany have fallen only slightly in the month to Friday October 16, supported by good demand from the country's mills, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?240-245 ($287-293) per tonne on October 16 compared with ?,?240-250 per tonne in mid-September....Read More

The pig iron import market in the United States remained quiet during the week to Friday October 16, with no trading activity reported. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $370-375 per tonne on Friday, unchanged week on week."[The] market level in the US depends more on the Chinese market level than on some internal...Read More

The pig iron export market out of the Commonwealth of Independent States has been strong over the past week, with new sales to China amid low availability. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $350-355 per tonne on Thursday October 15, narrowing from $346-360 per tonne a week earlier.Two sales of Russia-origin pig...Read More

The price of shredded scrap imported into India inched upward on Friday October 16 after the downward price trend in the market reversed, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $308.62 per tonne on Friday, up from $305.74 per tonne one week earlier. This was the first upward movement after four consecutive weeks of...Read More

Prices for inter-merchant light iron scrap in the UK market stabilized during the week to Friday October 16 after a small drop last week, supported by a relatively tight balance between supply and demand and a pick-up in European export prices, industry sources told Fastmarkets.Scrap generation in the UK continues to be fairly tight, with major shredders competing regularly for purchases despite l...Read More

Turkish steel mills resumed their deep-sea scrap purchases at the end of the week after skipping Thursday, with prices edging down slightly, sources told Fastmarkets on Friday October 16.A steel mill in the Marmara region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $286 per tonne and 23,000 tonnes of shredded at $291 per tonne cfr.As a result of the latest deal, Fastmark...Read More

With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about how the evolving nature of virtual negotiations is affecting the aluminium, copper, nickel and tin markets. Aluminium: Uncertainty stirs expectation of active spot market Aluminium market participants are likely to put extra emphasis on spot deals for 2...Read More

Seaborne iron ore prices inched up from their downtrend on Friday October 16, sources said, adding that the expected increase in weekly iron ore port inventory and supply in the fourth quarter limited the increment in iron ore prices. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.08 per tonne, up $0.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.64 per tonne, up $0.60 per t...Read More

Seaborne premium hard coking coal prices tumbled on Friday October 16 with transactions agreed at lower prices after Chinese authorities asked for a halt to imports of Australia-origin coking coal.The Chinese authorities' notice was only in verbal form, and has not yet been published, but it led steel mills and traders in China to divert their cargoes to other destinations.Fastmarkets indicesPremi...Read More

China's domestic hot-rolled coil prices experienced some recovery on Friday October 16, but some mills have made some export pricing concessions to boost trading.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($578-579) yuan per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,750-3,770 yuan per tonne, down 30-60 yuan per tonnePrices in Shanghai rega...Read More

An overview of the consumer electronics markets and the latest price moves.Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Read More

The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More

The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard...Read More

The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More