A sharp drop in July ferro-chrome tender prices from China's leading mills triggered a further slide in spot ore and alloy prices last week. Spot ferro-chrome price dropped by 4.6% in ChinaUG2 chrome ore slid againAlloy prices under pressure in Japan and South KoreaEuropean alloy prices weaken again Chrome ore and ferro-chrome prices dropped in China in the week ended Friday July 5 after mills an...Read More
India's Ministry of Commerce & Industry has initiated an anti-dumping investigation into imports of flat-rolled stainless steel from 15 regions.The investigation covers flat-rolled stainless steel products imported between 2015 and March 2019, under HS code codes 7219 and 7220, from China, South Korea, the European Union, Japan, Taiwan, Indonesia, the United States, Thailand, South Africa, Me...Read More
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Buying pressure deterred by steady dollar ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
Aluminium LME three-month aluminium produced an inside daily...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus d...Read More
Off to a weak start to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’...Read More
Fundamentals and technicals warn of...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Having another go at $13,000 per tonne... Nickel...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Tin falls to its lowest since...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as...Read More
Year-to-date price low within sight Despite...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest iss...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Base metals prices were generally lower in the early trading hours of Tuesday July 9, amid concerns over the prolonged US-China trade dispute, geopolitical tensions in the Middle East, the continued sell-off in major equity indices and persistently weak economic data. Market expectations of a more substantial 50 basis points rate cut by the US Federal Reserve Bank in its upcoming Federal Open Mark...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 11 points in pre-opening trade.Pepsico added $1.14 to $133.70 after reporting higher than consensus second quarter revenues and earnings. Apple (AAPL $200.02) is expected to open higher after J P Morgan raised its target price from $233 to $239.Acacia Communications jumped $17.69 to $65.75 after Cisco offered to acqui...Read More
Slow demand will remain as the main challenge for European hot-rolled coil producers and will keep adding pressure to domestic coil prices in the third quarter of 2019, market sources told Fastmarkets this week. Slow demand will remain as the main challenge for European hot-rolled coil producers and will keep adding pressure to domestic coil prices in the third quarter of 2019, market sources told...Read More
The European Commission (EC) should remove its 5% import quota increase as it makes safeguard measures ineffective and puts jobs in the EU steel segment at risk, the European steel association (Eurofer) said on July 3."We call on the EC to heed our call and those of member states that have already expressed concerns about the rise - and to respond by undoing this out-of-step expansion before it fu...Read More
Turkish authorities are considering whether to launch a trade defense case against imports of hot-rolled coil (HRC) from the EU, market sources have told Fastmarkets.European mills have increased their HRC export volumes recently, particularly to Turkey, due to the weak demand in their home markets."The start of an anti-dumping case against EU-origin HRC will entirely depend on the attitude of the...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 5 that are worth another look.Chinese suppliers have already exhausted their annual quota for shipments into Europe of automotive-grade hot-dipped galvanized coil, just a few days after the start of the new quota period.Base metals, other than nickel, closer lower on the London Metal Exchange on Friday July 5 in th...Read More
Here are five Fastmarkets MB stories you might have missed on Friday July 5 that are worth another look.Chinese suppliers have already exhausted their annual quota for shipments into Europe of automotive-grade hot-dipped galvanized coil, just a few days after the start of the new quota period.Base metals, other than nickel, closer lower on the London Metal Exchange on Friday July 5 in th...Read More
Prices improved in almost all regions despite weak buying activity following a recovery in scrap prices and continued high iron ore costs forced producers to raise offers.In the Commonwealth of Independent States (CIS), producers were also bullish because of the suspension of a safeguarding duty on billet imports, while in China prices increased mainly due to optimism because of trade negotiations...Read More