Rebar and wire rod prices in Turkey's domestic market fell on Thursday November 22, on a stronger lira and poor demand, sources told Fastmarkets.The Fastmarkets weekly price assessment for domestic rebar in Turkey was TRY3,080-3,220 ($576-602) per tonne ex-works, down from TRY3,250-3,400 per tonne.Rebar in the Izmir and Karab? 1/4 k regions was TRY3,100-3,200 per tonne, while in the Istanbul...Read More
Turkish long steel export prices have gone down sharply on sluggish demand and falling global steel and scrap prices, sources said on Thursday November 22.Fastmarkets' weekly price assessment for rebar exports out of Turkey was $490-500 per tonne fob on an actual weight basis on Thursday, down from last week's $505-510 per tonne.The mills in the country lowered their offers to $500-510 per tonne f...Read More
Steel billet import prices in Egypt have fallen slightly over the past week amid poor demand and lower offer prices, while domestic rebar prices were unchanged despite expectations of lower values, sources said on Thursday November 22.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, down from $480-485 per tonne cfr last week.Billet p...Read More
The import price for hot-briquetted iron (HBI) in Italy decreased in the week ended Thursday November 22 due to softer prices for hot-rolled coil and low demand, sources have told Fastmarkets.Fastmarkets' import price assessment for HBI in Italy decreased to $315-330 per tonne cfr on November 22, from $345-350 per tonne cfr a week before."The workable HBI price for us depends on how strong the HRC...Read More
The price of pig iron exports from the Commonwealth of Independent States has fallen over the past seven days due to weak prices both for raw materials and for finished steel products, Fastmarkets heard on Thursday November 22.Fastmarkets' CIS export price assessment for high-manganese pig iron went down to $355-365 per tonne fob Black Sea on Thursday, from $365-370 per tonne a week before."The ma...Read More
Turkish steel producers have resumed their deep-sea scrap purchases after getting lower prices from Europe, sources said on Thursday November 22.The mills in the country were looking for lower prices for scrap because of their fears of renewed product outflows from China and consequently weakening prices for rebar.A steel mill broke the...Read More
Steel billet prices in Turkey have softened further this week under the influence of the negative sentiment created by falling prices for scrap and China-origin steel, sources said on Thursday November 22.Fastmarkets' weekly price assessment for billet imports into Turkey was $460-465 per tonne cfr on Thursday, down from last week's $475-480 per tonne.The suppliers in the CIS region have reduced t...Read More
Steel billet import prices in Egypt have fallen slightly over the past week amid poor demand and lower offer prices, while domestic rebar prices were unchanged despite expectations of lower values, sources said on Thursday November 22.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $475-480 per tonne cfr on Thursday, down from $480-485 per tonne cfr last week.Billet p...Read More
Import prices for steel billet in Southeast Asia edged down again on Thursday November 22 amid lower offers and slow procurement activity, with some buyers staying away after China reappeared in the export market.Fastmarkets' daily price assessment for billet imported into Southeast Asia was $485-495 per tonne cfr Manila on Thursday, widening downward by $5 per tonne.Deals involving large volumes...Read More
The import price for hot-briquetted iron (HBI) in Italy decreased in the week ended Thursday November 22 due to softer prices for hot-rolled coil and low demand, sources have told Fastmarkets.Fastmarkets' import price assessment for HBI in Italy decreased to $315-330 per tonne cfr on November 22, from $345-350 per tonne cfr a week before."The workable HBI price for us depends on how strong the HRC...Read More
The price of pig iron exports from the Commonwealth of Independent States has fallen over the past seven days due to weak prices both for raw materials and for finished steel products, Fastmarkets heard on Thursday November 22.Fastmarkets' CIS export price assessment for high-manganese pig iron went down to $355-365 per tonne fob Black Sea on Thursday, from $365-370 per tonne a week before."The ma...Read More
Domestic prices for hot-rolled coil (HRC) in the EU have remained under pressure from slow buying activity in the past week, sources told Fastmarkets on Thursday November 22.European distributors were reported to have sufficient stocks of the material and this, in combination with a seasonal slowdown in demand, was reflected in the negative effect on the market.In addition, Turkish mills have decr...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 22, with quiet trading continuing to keep prices broadly stable. Nickel's three-month price continued its downtrend, closing below $11,000 per tonne for the first time since December 2017; upward price action continues to be limited by slow Chinese stainless steel production. Additionally, the I...Read More
The latest metal markets news and price moves to start the North American day on Thursday November 22. The majority of base metals prices on the London Metal Exchange were rangebound during morning trading while overall volumes remain light.Holding gains made at Wednesday's close, the three-month lead price remained above $2,000 per tonne amid continued outflows in LME stock - which remain at nine...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Thursday November 22.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Thursday despite the recent softness in the dollar; copper and aluminium were little changed with a slight upward bias, while the rest were lower across the board. Check F...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 22, with quiet trading continuing to keep prices broadly stable. Nickel's three-month price continued its downtrend, closing below $11,000 per tonne for the first time since December 2017; upward price action continues to be limited by slow Chinese stainless steel production. Additionally, the I...Read More
Some physical iron ore sellers made offers on the low side on Thursday November 22 amid losses in paper markets and concerns over shrinking steelmaking margins.MB 62% Fe Iron Ore Index: $72.18 per tonne cfr Qingdao, down $1.88 per tonne.MB 62% Fe Pilbara Blend Fines Index: $71.37 per tonne cfr Qingdao, down $1.88 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $75.82 per tonne cfr Qingdao, down $2...Read More
The majority of base metals prices on the London Metal Exchange were rangebound during morning trading on Thursday November 22 while overall volumes remain light. Holding gains made at Wednesday's close, the three-month lead price remained above $2,000 per tonne amid continued outflows in LME stock - which remain at nine-year lows - and strong demand from the lead-acid battery sector. Similarly, z...Read More
Alufer Mining's first shipment of bauxite from its Bel Air project in Guinea has arrived in China, the company said on Thursday November 22. The shipment, totaling 203,009 tonnes, was shipped to Qingdao port in China after being sold to Aluminum Corp of China (Chalco) - the country's largest alumina and primary aluminium producer. The Bel Air mine is on on track to produce 5.5 million tonnes per y...Read More
Turkish steel producers have resumed their deep-sea scrap purchases after getting lower prices from Europe, sources said on Thursday November 22.The mills in the country were looking for lower prices for scrap because of their fears of renewed product outflows from China and consequently weakening prices for rebar.A steel mill broke the...Read More