Lower November ferro-chrome tender prices from major stainless steel mills caused ore and alloy markets to stall or weaken in the regions Fastmarkets follows in the week ended Friday October 26. UG2 chrome ore prices stall, Turkish lumpy chrome ore prices dropChinese domestic spot ferro-chrome prices pauseCharge chrome import prices weakenAlloy prices hold in Japan, South KoreaAlloy prices weaken...Read More
Nyrstar profits slumped by 73% year on year in the third quarter as a result of lower metal prices which affected the company's bottom line. Nyrstar, Europe's biggest zinc smelting company by volume, saw group profits come in at ?,?13 million ($14.79 million) in the September quarter, against ?,?51 million in the third quarter of 2017. Lower realized prices for zinc, which were 22% below the year'...Read More
The Turkish deep-sea scrap market was quiet on Tuesday October 30 with the country's steel mills staying out of the market due to the firm prices on offer, sources said.The mills have booked a number of cargoes over the past week, pushing prices upward.The latest deals put the price for HMS 1&2 (80:20) from the Baltic Sea region at $335 per tonne cfr.But...Read More
Turkish domestic scrap prices have increased over the past week due to tight supply and increasing costs for imported scrap, sources said on Tuesday October 30.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,830-1,940 ($329-348) per tonne delivered on Tuesday, narrowing upward from last week's TRY1,770-1,940 per tonne.Long steel mill ID?? increased...Read More
Comex copper prices tumbled to a mid-September low on October 30 morning in the US amid rising bearish sentiment in the equity market, a rising dollar and ongoing worries regarding the trade war between the US and China.The copper price for December settlement on the Comex division of the New York Mercantile Exchange tumbled 5.70 cents to $2.6835 per lb. Earlier in intraday trading, the contract h...Read More
The Tuesday Market Minute Global stocks bounced higher Tuesday, with markets in Asia driven by fresh signals of intervention from authorities in China as investors continue to fret over a renewed escalation in the ongoing trade war between Washington and Beijing.European stocks book early gains on the back of a weaker euro and better-than-expected earnings from regional bluechips BP and Volkswag...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable over the past week, with demand remaining limited, sources told Fastmarkets on Tuesday October 30.UAE Hot-rolled coil from Russia was on offer to the UAE at $560-565 per tonne cfr, with one buyer bidding $550 per tonne cfr. Taiwan material was on offer to the UAE at $585 per tonne cfr, while Saudi Arabia wa...Read More
Export prices for flat steel from the Commonwealth of Independent States (CIS) continued to fall this week, with offers and deals heard at lower levels, according to market participants.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil fell to $495-510 per tonne fob Black Sea on Monday October 29, down from $517-523 per tonne fob Black Sea a week earlier.Offers fr...Read More
Eastern China's hot-rolled coil prices continued to fall on Tuesday October 30 amid low demand, with buyers putting off restocking plans on expectations that the market would weaken further.DomesticEastern China (Shanghai): 4,140-4,150 yuan ($595-596) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 4,080-4,090 yuan per tonne, unchangedDemand remained weak despite a slight pick-up in...Read More
Prices for rebar imported into the United Arab Emirates decreased in the week to Tuesday October 30 with demand remaining weak.The billet import market was also slow because the mills in the UAE have enough billet in stock to last for more than two months, sources told Fastmarkets.Domestic rebarLocal producers were still offering rebar at 2,016 dirhams ($549) per tonne ex-works this week.And Fastm...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Oman, export, rebar, traded at $523-525 per tonne cfr on theoretical weight basis, to...Read More
China's domestic rebar prices strengthened on Tuesday October 30 on positive sentiment generated by rising futures.Domestic Eastern China (Shanghai): 4,670-4,700 yuan ($671-675) per tonne, up 20 yuan per tonneNorthern China (Beijing): 4,450-4,480 yuan per tonne, up 30-40 yuan per tonneThe January rebar contract rose to a high of 4,206 yuan per tonne in the afternoon before retreating afterward, wh...Read More
The Turkish deep-sea scrap market was quiet on Tuesday October 30 with the country's steel mills staying out of the market due to the firm prices on offer, sources said.The mills have booked a number of cargoes over the past week, pushing prices upward.The latest deals put the price for HMS 1&2 (80:20) from the Baltic Sea region at $335 per tonne cfr.But...Read More
Turkish domestic scrap prices have increased over the past week due to tight supply and increasing costs for imported scrap, sources said on Tuesday October 30.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,830-1,940 ($329-348) per tonne delivered on Tuesday, narrowing upward from last week's TRY1,770-1,940 per tonne.Long steel mill ID?? increased...Read More
Prices for some Australian fines continued to strengthen on Tuesday October 30, especially at Chinese ports, amid supply tightness.MB 62% Fe Iron Ore Index: $76.71 per tonne cfr Qingdao, up $0.23 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.74 per tonne cfr Qingdao, up $0.23 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $80.17 per tonne cfr Qingdao, down $0.06 per tonne.MB 58% Fe Premium I...Read More
CIS export slab prices continued to trend downward in the week ended Monday October 29, because there was no support in most of the customers' markets.Recent offers from Russsia's major slab producer were heard at $465 per tonne fob Black Sea.Customers in Turkey were ready to pay around $470 per tonne cfr for CIS-origin slab, which would be equivalent to $450-455 per tonne fob Black Sea.Meanwhile,...Read More
Prices for rebar imported into the United Arab Emirates decreased in the week to Tuesday October 30 with demand remaining weak.The billet import market was also slow because the mills in the UAE have enough billet in stock to last for more than two months, sources told Fastmarkets.Domestic rebarLocal producers were still offering rebar at 2,016 dirhams ($549) per tonne ex-works this week.And Fastm...Read More
China's domestic rebar prices strengthened on Tuesday October 30 on positive sentiment generated by rising futures.Domestic Eastern China (Shanghai): 4,670-4,700 yuan ($671-675) per tonne, up 20 yuan per tonneNorthern China (Beijing): 4,450-4,480 yuan per tonne, up 30-40 yuan per tonneThe January rebar contract rose to a high of 4,206 yuan per tonne in the afternoon before retreating afterward, wh...Read More
Fastmarkets has corrected its EU domestic Stainless Steel 304 Europe Raw Materials Index, which was published incorrectly on Monday October 22 due to a data entry error.Fastmarkets' European stainless steel index was incorrectly published as $1,547.12 per tonne after an exchange rate calculation error. The correct price for that date is $1,299.53 per tonne.The Fastmarkets price book and database h...Read More
Lower November ferro-chrome tender prices from major stainless steel mills caused ore and alloy markets to stall or weaken in the regions Fastmarkets follows in the week ended Friday October 26. UG2 chrome ore prices stall, Turkish lumpy chrome ore prices dropChinese domestic spot ferro-chrome prices pauseCharge chrome import prices weakenAlloy prices hold in Japan, South KoreaAlloy prices weaken...Read More