Steel beam prices rose in the United States' domestic and import markets on Thursday August 26 following a second round of monthly mill price increases. Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US rose to $65.50 per hundredweight ($1,310 per short ton) on August 26, up by 3.97% from $63 per cwt on July 29 and by 9.17% from $60 per per cwt in May and June.Fastma...Read More

Hot-rolled coil prices in the United States vaulted above $97 per hundredweight for the first time, with mill shutdowns and robust demand seen prolonging the already extended rally, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $97.06 per hundredweight ($1,941.20 per ton) on Friday August 27, up by 0.24% day on day and week on week from $96....Read More

Color-coated steel coil prices decreased in Turkey during the week to Friday August 27 in a slow market, sources told Fastmarkets.Uncertainty over the future direction of prices, which have decreased recently for most markets, made buyers refrain from booking material.Most export markets are still in holiday season, sources said.Domestic pricesFastmarkets assessed steel hot-dipped galvanized coil....Read More

The Latin American market continued to render support to CIS billet exporters with a second deal to the region reported during the week to Friday August 27. The price of the second one was, however, lower than the first.A cargo of 35,000 tonnes of Ukraine-origin billet with increased manganese content was sold to Latin America at $685 per tonne cfr. Sources said the price for basic grade would be...Read More

Most flat steel prices in Turkey declined further in the week to Friday August 27 on slow demand during the summer holiday season, with buyers holding back from placing orders until prices stop falling, sources told Fastmarkets.The uncertainty over China's export tax on hot-rolled coil exports also remained in the market this week, so buyers want to wait until September for a clear direction of th...Read More

An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade. Investors are waiting for an update on U.S. monetary policy by Federal Reserve chairman Jerome Powell at the Jackson Hole Symposium at 10:00 AM EDT.U.S. index futures were virtually unchanged following release of July Personal Income and July Personal Spending at 8:30 AM EDT. Consensus f...Read More

Brazil's pig iron export market came under pressure from subdued demand during the week to Friday August 27 although no trades were reported.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $495-500 per tonne on Friday, down from $510-520 per tonne a week earlier and extending the...Read More

The Commonwealth of Independent States' pig iron export market was weak during the week to Thursday August 26 due to a lack of demand.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $510-520 per tonne on Thursday, down by $15-20 from $525-540 per tonne the previous week."That was another muted week in the market," one trader said. "[The] gen...Read More

The import pig iron market in the United States weakened during the week to Friday August 27 on low demand and a weak scrap market, which adds pessimism to buyers.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $545-550 per tonne on Friday, down $15-30 from $560-580 per tonne cfr a week before."Everyone was well covered [with pig iron] and then some panicked and boug...Read More

The light iron scrap market in the United Kingdom was stable during the week to Friday August 27, with most trade sources reporting steady prices to ensure the flow of material into yards.But some domestic consumers signaled a need for price cuts for monthly deliveries in October, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More

Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.Turkey books just one deep sea cargo during weekUS prepares for fall in domestic pricesVietnamese import prices constrained by rise in Covid-19 casesChinese scrap buyers hold back from imp...Read More

Prices for shredded steel scrap into Pakistan and India have decreased in the week to Friday August 27, sources told Fastmarkets.Demand in India remained muted due to the monsoon season, and trading activity in Pakistan continues to remain high.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $525.57 per tonne on Friday, down by $13.4...Read More

Turkish steel producers made no new scrap bookings on Friday August 27, ending the working week with a single cargo deal amid limited finished steel sales, market participants said.A steel mill in the Iskenderun region booked a European cargo on Wednesday, comprising 22,500 tonnes of heavy melting scrap 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne cfr. The HMS 1&2 (...Read More

Seaborne iron ore prices mostly increased on Friday August 27 amid stable trading activity in the physical market, particularly at China's ports, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $157.55 per tonne, up $4.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.84 per tonne, up $4.04 per tonne58% Fe fines high-grade premium, cfr Qingdao: $126.50 per tonne, up $3.62...Read More

Low-volatility pulverized coal injection (PCI) prices in both the fob and cfr market jumped following price gains in coking coal the week to Friday August 27. And a shortage of railway wagons in Russia has delayed the transport of PCI to China, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $408.51 per tonne, down $0.42 per tonneHard coking coal, cfr Jingtang: $385.67 per...Read More

Domestic prices for hot-rolled coil in China continued to move lower on Friday August 27, with losses on futures prices extending to a one-week trough in overnight trading due to persistent concerns about the levels of demand.DomesticEastern China (Shanghai): 5,600-5,680 yuan ($864-876) per tonne on August 27, down by 20-50 yuan per tonne day on day.Northern China (Tangshan) weekly assessment: 5,6...Read More

Rebar sellers in eastern China continued to lower their offers on Friday August 27 to generate more sales, but spot prices remain higher than last Friday as a result of gains from earlier this week.DomesticEastern China (Shanghai): 5,130-5,160 yuan per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, unchangedSellers looked to offload more of...Read More

Silicon producer Ferroglobe marked a return to profitability in the second quarter of 2021 after 13 loss-making quarters, and expected higher prices for its products in the second half of 2021, it said in an earnings statement published on Monday August 23.Ferroglobe is the western world's largest silicon producer and makes silicon and manganese-based alloys.The company is based in London and Madr...Read More

An overview of the aerospace materials markets and the latest price moves in the week to Friday August 27.Jessica Long, Ruby Liu and Carrie...Read More