(Updates with prices) LONDON, July 26 (Reuters) - Copper prices rose on Monday asfloods in top consumer China sparked demand hopes at a time wheninventories were falling, while a softer dollar also supportedprices. Benchmark copper on the London Metal Exchange was up3.2% at $9,820 per tonne by 1700 GMT, after touching its highestsince June 15 at $9,819.50, in its fifth straight session ofgains. Fl...Read More

Prices for carbon steel plate in the United States shot up after three weeks of stability following a mill price hike, and market participants expect monthly increases from domestic steelmakers will continue through the second half of the year.Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US reached an all-time high of $80 per hundredweight ($1,600 per short t...Read More

Hot-rolled coil prices in the United States remained below $91 per hundredweight ($1,820 per short ton) for the second business day in a market that has reported a small increase in spot volume trade in the last week.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.61 per hundredweight ($1,812.20 per short ton) on Monday July 26, down 0.21% from $90.80 per cwt on F...Read More

Typhoon In-fa made landfall in eastern China's Zhejiang province on Friday July 23, resulting in a serious drop in demand for steel products and disruptions to transport in coastal areas.Zhejiang and Shanghai have had heavy rain since Friday night, and the typhoon was forecast to reach Jiangsu and Shandong provinces in the next two days.Construction sites have gradually been stopping work since la...Read More

Domestic prices for hot-rolled coil inched down in Northern Europe but were unchanged in Italy on Monday July 26 due to limited trading activity, sources told Fastmarkets.Offers from Northern European suppliers remained limited. Mills in the region had good order books and could only offer fourth-quarter-production HRC, with some of them claiming to be sold out until the end of the year, sources s...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Weakness was led by Chinese stocks following a crackdown by the Chinese government on Tech Education companies. The Shanghai Composite Index dropped 82.06 to 2,467.44.Facebook added $0.59 to $370.39 after Mizuho raised its target price from $400 to $450.Starbucks added $3.34 to $129.36 a...Read More

ArcelorMittal is to enter a partnership with Sekisui Chemical on a carbon capture project, and invest in a renewable energy storage company as part of its XCarb innovation fund, the steelmaker has announced.The project will be intended to capture and re-use carbon waste gases from the steelmaking process, contributing to the decarbonization of steelmaking and reducing dependence on fossil resource...Read More

There was no activity in the spot pig iron import market in the United States during the week to Friday July 23, because buyers have refrained from booking in wait of lower prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $625-640 per tonne on Friday, narrowing downward by $5 from $625-645 per tonne a week prior.The most recent bookings in the spot market were...Read More

Brazil's pig iron export market remained frozen during the week to Friday July 23, with sentiment weakening further due to a lower workable level for buyers, market participants said.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was stable week on week at $620-625 per tonne on Friday, unchanged since early July due to the absence of export activity."There are....Read More

Turkish steel producers started the week with no deep-sea trade after the holiday periods in the country, market participants said on Monday July 26.Steel trade in Turkey has been mostly on hold since July 15 due to the public holidays observed in the country.Turkey observed the Democracy and National Solidarity Day on July 15 and Eid al-Adha the following week from July 19-23.But market participa...Read More

Iron ore prices edged up on Monday July 26 due to higher steel prices, while news of production cuts in China affected the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $202.74 per tonne, up by $1.41 per tonne62% Fe low-alumina fines, cfr Qingdao: $203.93 per tonne, up by $1.07 per tonne58% Fe fines high-grade premium, cfr Qingdao: $167.65 per tonne, up b...Read More

Seaborne coking coal prices continued to be supported by regular procurement demand in the cfr market on Monday July 26, while the fob market was largely stable on new buying interest for August-loaded cargoes.Fastmarkets indicesPremium hard coking coal, fob DBCT: $214.63 per tonne, down $0.43 per tonnePremium hard coking coal, cfr Jingtang: $315.07 per tonne, up $0.66 per tonneHard coking coal, f...Read More

Crude steel production cuts that are gradually being implemented in China have resulted in a switch in preference for iron ore brands among steelmakers in the country, sources told Fastmarkets.While the overall demand for iron ore has started to weaken, low-grade fines are generating more buying interest, sources said.A month ago, low-grade fines started to gain favor among mills amid weakening ma...Read More

Prices for seaborne iron ore pellets and concentrate went down in the week ended Friday July 23 amid a downtrend in the wider market for the steelmaking raw material.Fastmarkets iron ore indicesIron ore pellet premium over 65% Fe fines, cfr China: $60.80 per tonne, down $1.20 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $295.27 per tonne, down $8.96 per tonne.66% Fe concentrate, cfr Qingda...Read More

China's domestic prices for hot-rolled coil increased on Monday July 26 due to early-hour futures gains, but the export market was inactive due to participants' concern about a possible export duty.DomesticEastern China (Shanghai): 5,900-5,910 yuan ($910-911) per tonne, narrowing upward by 40 yuan per tonneSome sellers raised prices following strong futures in the morning. The most-traded October...Read More

China's domestic rebar prices maintained their upward trend on Monday July 26 on replenishment demand from trading houses, but end user demand remained weak, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,340-5,370 yuan ($823-828) per tonne, up by 70-80 yuan per tonneTrading houses purchased actively on Monday because they expect rebar prices to rise due to likely production res...Read More

Base metals on the London Metal Exchange edged up during morning trading on Monday July 26, building on gains averaging about 1.3% made last Friday amid a myriad of supportive factors.The exchange's nickel price was at $19,450 per tonne at 9am on Monday, after touching $19,645 per tonne during early trading. This compares with $19,372 per tonne last Friday.The metal gained 4.8% last week, having h...Read More

Base metals prices on the Shanghai Futures Exchange were up by an average of 1.1% this morning, Monday July 26, while they followed Friday's gains on the London Metal Exchange that averaged 1.3%. Chinese equities under pressure after authorities tighten regulationsPre-market western equity index futures showing a weaker startBase metalsLME three-month base metals prices were mainly weaker this mor...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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

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...Read More