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
Brazil's slab export price declined this past week following recent deals heard and high freight costs, although market participants believe prices could increase with the resumption of sales to North America....Read More
Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday October 5....Read More
Indian mills have increased domestic hot-rolled coil (HRC) prices by at least 1,000 rupees ($13.54) per tonne for October sales. ...Read More
Germany-based ThyssenKrupp's proposed 50:50 European flat-steel joint venture with Tata Steel Europe could fall under European control regulations, the European Commission said on Wednesday October 3....Read More
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
Key data from Metal Bulletin's Friday October 5 pricing sessions in China, Asia, Europe and the United States....Read More
The following Fastmarkets noble alloys, bulk alloys and ores prices changed 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
Chinese domestic lithium compound prices were unchanged week on week on Thursday October 4 due to a national holiday, while spot prices in the other regions Fastmarkets assesses were softer on slow consumption and lower prices offered. Chinese domestic prices were rolled over due to the Golden Week holiday. Seaborne cif China, Japan and South Korea prices fell due to market expectations for l...Read More
Kazakh company YDD Corp will start cold commissioning three furnaces at its new Karaganda ferro-silicon operation in Kazakhstan at the end of the year, according to its output distributor on the project, Swiss trading house Helvetia Resources.Helvetia has been working with its partner, the recently formed Kazakh company YDD Corp, on the project. The announcement brings forward commissioning of fer...Read More
Sentiment in the United States' pig iron market improved as of Friday October 5 due to rising ferrous scrap prices. ...Read More
European import prices for alloy steel scrap have decreased because of low demand this week....Read More
Prices for light iron scrap in the United Kingdom have been steady over the past week, extending a period of stability for the fourth consecutive week, sources told Metal Bulletin on Friday October 5....Read More
A pig iron manufacturing facility in northern Brazil that was restarted in late June will have only occasional impact on the market because of its low production capacity, sources told Fastmarkets. Ancora Siderurgica rented pig-iron manufacturing assets from Maraba Gusa Siderurgica (Maragusa) in Par?? state in northern Brazil and restarted output at the end of June. "They [Ancora] have low product...Read More
The price for shredded ferrous scrap imported into India moved down this week on a weak rupee which caused poor market conditions, sources told Fastmarkets MB on Friday October 5. ...Read More
Seaborne iron ore prices remained unchanged on Friday October 5 with China coming to the end of its Golden Week. Chinese markets reopen on Monday.Metal Bulletin 62% Fe Iron Ore Index: $69.24 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.27 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Iron Ore Index-Low Alumina: $74.50 per tonne cfr Qingdao, unchang...Read More
The seaborne coking coal spot market ended the week on a quiet note amid thin trading, with the majority of participants away due to China's Golden Week.The gap between offers and bids for both branded and unbranded premium hard coking coal narrowed on online trading platform Global Coal, with asking prices falling even as buyers became more willing to pay more, sources told Fastmarkets on Friday...Read More
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, it continues to be supported by tight fundamentals and low stock levels.The temporary closure of Norsk Hydro's Alunorte alumina refinery in Brazil caused the LME price to rally over 4% e...Read More