Trading activity in the United States' pig iron import market was low in the week to Friday October 8 due to uncertainty about the direction of prices.Fastmarkets' assessment of the price for pig iron, import, cfr Gulf of Mexico, US was $540 per tonne on Friday, narrowing upward by $10 from $530-540 per tonne a week earlier. The only deal in the...Read More
Seaborne coking coal prices mostly increased after the National Day holiday in China, while China's coking coal-producing hub Shanxi province was hit by heavy rains, causing production halts at mines.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $609.79 per tonne, up $6.51 per tonneHard coking coal, cfr Jingtang: $565.06 per tonne, down $0.08 per tonnePremium hard coking coal, fob DBC...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
Import prices for cargoes of steel billet to China were unchanged on Friday October 8, but a growing sense of bullishness from the sell-side was reflected in offer prices, sources have told Fastmarkets.Chinese market participants returned from their week-long Golden Week holiday on Friday to higher domestic steel billet prices, with the material traded at 5,310 yuan ($823) per tonne ex works...Read More
South American flat steel import prices were mostly stable or moved slightly in the week to Friday October 8 amid China's National Day holiday and few offers from other origins.There was no activity from China during the October 1-7 period due to week-long national holiday there, which paved the way for material from other countries to be offered to South American clients. However, with the market...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday October 8.Jessica Long, Zihao Li, Ruby Liu...Read More
Import prices for cargoes of steel billet to China were unchanged on Friday October 8, but a growing sense of bullishness from the sell-side was reflected in offer prices, sources have told Fastmarkets.Chinese market participants returned from their week-long Golden Week holiday on Friday to higher domestic steel billet prices, with the material traded at 5,310 yuan ($823) per tonne ex works...Read More
China's domestic rebar prices moved up on Friday October 8 on increased demand after the week-long holiday.DomesticEastern China (Shanghai): 5,910-5,950 yuan ($916-923) per tonne, up by 10-20 yuan per tonneNorthern China (Beijing): weekly assessment: 5,800-5,850 yuan per tonne, up by 100-110 yuan per tonneEnd-user demand was strong during the...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
Turkey and Russia have exhausted their permitted import quota allowances for certain long steel products within just days of renewal, Fastmarkets has observed from European Commission data.The import market for long steel products in the European Union has remained strained because of safeguard measures. The fourth-quarter quota for steel imports into the EU came into effect on October 1 and will...Read More
Turkey and Russia have exhausted their permitted import quota allowances for certain long steel products within just days of renewal, Fastmarkets has observed from European Commission data.The import market for long steel products in the European Union has remained strained because of safeguard measures. The fourth-quarter quota for steel imports into the EU came into effect on October 1 and will...Read More
Most base metals prices on the London Metal Exchange closed higher day on day in Friday's session.The three-month nickel price led the base metals complex, closing at $19,221 per tonne, up by more than 5% on Friday compared with Thursday's close at $18,264 per tonne."We view the recent price weakness in LME nickel as a buying opportunity and...Read More
Brazilian slab export prices decreased in the week ended Friday October 8 amid continuing weak buying activity and strong competition from other regions.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was down to $760-780 per tonne on Friday, down by $20 from $780-800 per tonne on October 1.Bids for Brazilian material were heard close to $720 per tonne fob in...Read More
Seaborne coking coal prices mostly increased after the National Day holiday in China, while China's coking coal-producing hub Shanxi province was hit by heavy rains, causing production halts at mines.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $609.79 per tonne, up $6.51 per tonneHard coking coal, cfr Jingtang: $565.06 per tonne, down $0.08 per tonnePremium hard coking coal, fob DBC...Read More
Deliverable base metals stocks in Shanghai Futures Exchange-registered warehouses all increased in the week to Friday October 8, according to the exchange's weekly report.Due to China's National Day holiday on October 1-7, there was just one trade day this week.Tin, nickel, and copper stocks all increased significantly, with tin climbing the most in percentage terms.On Friday, the tin stockpile me...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
Fastmarkets analyst William Adams and reporter Alexander Cook size up the cobalt market ahead of LME Week, which begins Monday October 11.Cobalt got off to a quick start in 2021 due to strong demand growth from the electric vehicle (EV) sector, restocking and because of a constrained supply chain out of Africa. After starting the year at $15.30 per lb, Fastmarkets' benchmark standard grade cobalt...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 8.Susan Zou, Yingchi Yang and...Read More
Prices for imports of steel scrap to South Korea have risen sharply over the past week amid a rise in export prices from Japan and the United States, market participants told Fastmarkets on Friday October 8.South Korea buys Japanese scrap at higher pricesLimited scrap import interest in China due to electricity rationingChina local scrap prices hold firm after holidaySouth KoreaSouth Korean import...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More