Key data from the Wednesday October 17 pricing session in Europe. Key drivers  The European ferro-titanium price range dropped again, extending price losses from the previous week on persistently low demand, which is encouraging cheaper offer prices. Some dealers are away due to holidays in Europe, which has cooled trading activity.  Reported trades...Read More

Domestic prices for ferrous scrap in Italy have been largely unchanged over the past month due to a good balance of supply and demand, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy remained at ?,?275-285 ($318-330) per tonne delivered on Thursday October 17, compared with ?,?270-290 per tonne delivered in September."The Italian scrap....Read More

Comex copper prices were slightly higher in morning trading on Wednesday October 17 with a rising dollar preventing any significant gain.The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 0.60 cents to $2.7855 per lb. "We are seeing very quiet conditions in metals so far this week; yesterday ended in a mixed...Read More

The Wednesday Market Minute Global stocks extended gains Wednesday, driven by stronger-than-expected U.S. earnings and the biggest single-day rally on Wall Street in more than six months.U.S. earnings season is expected to add $400 billion to the collective bottom line of S&P 500 companies, with year-on-year gains of 21.5%, more than twice the rate of European earnings growth.Netflix surges...Read More

Chinese cobalt sulfate trade log including business, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, cobalt sulfate, Co 20.5% min, China ex-works, adjustment to low-grade cobalt low-end price at Co 20.5% basis, $/Ib is showed in the bracket, at $ per lb basis. Fastmarkets MB prices Click here for Fastmarkets MB'...Read More

The market for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow has softened further this week, reflecting the pessimistic mood on exports, sources have told Fastmarkets.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was 42,970-43,000 roubles ($656-657) per tonne cpt Moscow on Tuesday October 16, including 18% VAT. This was do...Read More

China's domestic hot-rolled coil prices remained flat on Wednesday October 17, though the export index dropped amid weak demand. DomesticEastern China (Shanghai): 4,230-4,250 yuan ($612-614) per tonne, unchangedNorthern China (Tianjin): 4,120-4,130 yuan per tonne, unchangedEnd users continued to consume HRC at a steady rate and appeared to have no plans to stock up on materials, a trader in Shangh...Read More

China's ferrous futures rose during morning trading on Wednesday October 17, with the rebar contract leading the uptrend.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,192 yuan ($605.75) per tonne, up 55 yuan per tonneJanuary hot rolled coil: 3,979 yuan per tonne, up 42 yuan per tonneDalian Commodity Exchange January iron ore: 513.50 yuan per tonne, up 4.50 yua...Read More

Turkey's Tosyali Holding is to invest in the construction of a rebar and wire rod mill in Senegal, in western Africa.Tosyali signed a Memorandum of Understanding (MoU) with Senegal's ministry of mines and geology during the second Turkey-Africa Economic & Business Forum in Istanbul on Wednesday October 10.Once a location is decided, Tosyali will lay the foundations for the plant by the end of 2018...Read More

European prices for mesh-quality wire rod were flat across the Northern and Southern parts of the continent on Wednesday October 17, with buyers still unwilling to commit to large-volume deals.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe were ?,?535-560 ($620-648) per tonne delivered on Wednesday. Both assessments were unchanged week...Read More

The price for rebar produced and delivered in Southern Europe slipped downward on Wednesday October 17, with buyers uncertain and few deliveries of any substantial size being sought.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?520-545 (602-631) per tonne per tonne delivered on Wednesday, from ?,?530-545 per tonne a week ago.While uncertainty is keeping many...Read More

The Turkish deep-sea scrap market remained silent again on Tuesday October 17, but a rise in the value of the Turkish lira and market rumors about changes to US import tariffs helped prices, according to market participants.The Turkish lira has continued to pick up this week, and was trading at TRY100 to $17.38 on October 17, up from TRY100 to $17.01 on October 15, according to Oanda.com.No deep-s...Read More

Domestic prices for ferrous scrap in Italy have been largely unchanged over the past month due to a good balance of supply and demand, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Italy remained at ?,?275-285 ($318-330) per tonne delivered on Thursday October 17, compared with ?,?270-290 per tonne delivered in September."The Italian scrap....Read More

Seaborne iron ore prices went up on Wednesday October 17 amid bullish sentiment and a surge in the paper markets.MB 62% Fe Iron Ore Index: $73.36 per tonne cfr Qingdao, up by $1.86 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.39 per tonne cfr Qingdao, up by $1.86 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.75 per tonne cfr Qingdao, up by $2.05 per tonne.MB 58% Fe Premium Index: $61.4...Read More

Iranian exporters of steel billet and slab continued to cut prices in the week ended Wednesday October 17 in their attempts to win deals in the current unfavorable market conditions.One of the major factors in this was the regime of economic sanctions imposed by the United States on the Middle Eastern nation in early August.The United Arab Emirates was formerly a significant buyer of Iran-origin b...Read More

China's domestic rebar prices bounced back on Wednesday October 17 on a pick-up in trading activity following gains in the futures market, erasing the losses incurred a day earlier.Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($658-664) per tonne, up 10-20 yuan per tonneNorthern China (Beijing): 4,340-4,380 yuan per tonne, up 10 yuan per tonneA few end users raised procurement rates on the...Read More

By Liz HamptonHOUSTON, Oct 17 (Reuters) - Even as crude prices hover nearfour-year highs, U.S. oilfield service firms' third-quarterresults due out in coming days will reflect a shaky recovery, astheir customers face drilling constraints and pressure to holddown spending.Oil producers are holding off finishing new wells, and costpressures from tight labor markets and U.S. tariffs on importedsteel...Read More

Key data from the Wednesday October 17 pricing session in Europe. Key drivers  The European ferro-titanium price range dropped again, extending price losses from the previous week on persistently low demand, which is encouraging cheaper offer prices. Some dealers are away due to holidays in Europe, which has cooled trading activity.  Reported trades...Read More

Prices for domestic hollow steel sections in Europe narrowed upward this week, while announced price increases from mills were viewed with skepticism, market sources told Fastmarkets on Wednesday October 17. Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe rose on the low end of the range to ?,?660-670 ($764-776) per tonne de...Read More

The number of new passenger car registrations in the EU dropped massively in September 2018, going down by 23.53% year-on-year.New car sales in Europe totaled 1,091,220 units in September, compared with 1,427,013 vehicles sold in the corresponding month of 2017, the European Automotive Manufacturers Assn (ACEA) said on Wednesday October 17."This [drop in sales] should not come as a surprise, becau...Read More