Domestic prices for coated steel coil products in Turkey decreased slightly in the week ended Friday October 5, with demand remaining poor in the local market.But demand in the export market, mainly Europe, was quite good for coated coil.Some Turkish producers decreased their prices, however, because of the weak domestic demand in the country.Domestic pricesOne northern producer in Turkey was offe...Read More
Sentiment in Turkey's flat steel market remained negative over the week ending Friday October 5, with buyers hesitant to book material, while prices were mostly stable, sources told Fastmarkets.Turkish producers were offering flat steel for November production, with several bookings heard at reduced prices.Domestic pricesProducers have been offering hot-rolled coil (HRC) to the domestic market at...Read More
In a world of razor-thin margins and fierce competition, there is unprecedented pressure to make better decisions faster. Perhaps there was a time when natural intuition, an outsized personality and clever negotiating tactics were the only strategies needed during the annual mating season. But those days are over. In today's dynamic and volatile marketplace, successful companies must be able to so...Read More
Brazil's domestic price for rebar increased this month due to volatility in the country's currency versus the United States dollar and reports of reduced supply from local steelmakers....Read More
Domestic prices for rebar in Poland have been largely stable over the past week, supported by good demand, sources told Fastmarkets on Friday October 5....Read More
The import price for hot-briquetted iron (HBI) in Italy went up in the week ended Thursday October 4 after new deals were heard in the spot market, breaking a long-lasting silence....Read More
Global scrap prices mostly strengthened in th United States, Southeast Asia and Turkey during the working week from Monday October 1 to Friday October 5, while prices in India were still falling due to the weakening rupee....Read More
European import prices for alloy steel scrap have decreased because of low demand this week....Read More
CIS export billet prices continued to trend downward on Friday October 5 because producers had no other way to spur sales but to decrease prices.Fastmarkets' daily CIS billet index dropped by $6 per tonne day on day, to $462 per tonne fob Black Sea from $468 per tonne fob Black Sea a day earlier.Current prices were the lowest since November 2017, according to Fastmarkets' archive.Weak buying activ...Read More
Import prices for steel billet in Southeast Asia fell over the week ended Friday October 5 amid increased competition among sellers and sluggish demand from re-rollers.Fastmarkets' daily assessment of import prices for billet in Southeast Asia was $520-525 per tonne cfr Manila on Friday, the same as the previous two days amid slow trading activity.The assessment range had fallen on October 3 from...Read More
Fastmarkets' weekly price assessment for grade-304 cold-rolled (CR) sheets in Europe decreased by ?,?15 ($17) per tonne in the week ending Friday October 5 amid continued competition among stockholders, which has resulted in ever more aggressive offers being heard in the market....Read More
Demand for flat steel in Turkey was expected to remain slow throughout October, but prices were not expected to fall because they did so in September, and export demand was now strong, market participants told Fastmarkets on Wednesday October 3.Local producers have filled their order books until November, they said.The price falls in September were in part a result of the Turkish lira losing a sig...Read More
The Brazilian government has started a review of its anti-dumping duties on imports of heavy plate from China, Ukraine, South Korea and South Africa.The duties, which were due to expire in October, will remain in place until the conclusion of the review, according to an announcement by the country's foreign trade secretariat, Secex, published in the Brazilian official gazette o...Read More
The iron ore market remained at a standstill on Wednesday October 3 with China still halfway into its Golden Week, even as the Australian government published its forecast of a gradual drop in imports of the steelmaking raw material by the world's biggest consumer.Metal Bulletin 62% Fe Iron Ore Index: $69.24 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.27 p...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The import price for hot-briquetted iron (HBI) in Italy went up in the week ended Thursday October 4 after new deals were heard in the spot market, breaking a long-lasting silence....Read More
Fastmarkets' weekly price assessment for grade-304 cold-rolled (CR) sheets in Europe decreased by ?,?15 ($17) per tonne in the week ending Friday October 5 amid continued competition among stockholders, which has resulted in ever more aggressive offers being heard in the market....Read More
Domestic prices for rebar in Poland have been largely stable over the past week, supported by good demand, sources told Fastmarkets on Friday October 5....Read More
The latest metal markets news and price moves to start the North American day on Friday October 5. Here is how the LME base metals complex looked at 12pm London time: Base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday October 5, with aluminium bucking the trend.The three-month aluminium price pushed closer toward $2,200 per tonne,...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Friday October 5.Three-month base metals prices on the London Metal Exchange were mixed during early trading on Friday, with a barrage of strong economic data from the United States as well as hawkish rhetoric from the US Federal Reserve continuing to prop up the dollar and limiting any upside...Read More