The Brazilian automotive association, Anfavea, has cut its forecast for production and sales in 2021, due to a shortage of semiconductors and logistics issues.Vehicle production is now expected to reach between 2.13-2.22 million units this year, an increase of 6-10% from the 2.01 million units produced in 2020, the association said on Wednesday October 6.The new forecast is 10-13% lower than the a...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
The Brazilian automotive association, Anfavea, has cut its forecast for production and sales in 2021, due to a shortage of semiconductors and logistics issues.Vehicle production is now expected to reach between 2.13-2.22 million units this year, an increase of 6-10% from the 2.01 million units produced in 2020, the association said on Wednesday October 6.The new forecast is 10-13% lower than the a...Read More
Iron ore trading liquidity was still limited on Thursday October 7, mainly due to China's Golden Week holiday, but improving supplies from Brazil were helping to stabilize prices, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.02 per tonne, up $0.31 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.87 per tonne, up $0.24 per tonne58% Fe fines high-grade pr...Read More
Trafigura Pte is developing a program that will provide its customers with data on the carbon dioxide (CO2) emissions in its nickel and cobalt supply chains, the physical trading company said.The service will have a particular focus on the company's electric vehicle (EV) customers and will be provided by Circulor, a blockchain-based supply chain traceability and CO2 emissions tracking services pro...Read More
Slovak ferro-alloys producer OFZ Slovakia has cut more than half of its ferro-alloy production with immediate effect due to energy prices that have surged more than six-fold recently, an industry source told Fastmarkets.The company, which produces ferro-silicon and manganese alloys, has shut four out of its seven operating furnaces, including two ferro-silicon furnaces, a silico-manganese furnace...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
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...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
Trading activity in the European hot-rolled coil market remained limited on Thursday October 7, but buyers are expected to resume purchasing activity later this month, sources told Fastmarkets.Although most European buyers have sufficient flat-steel stocks to last until the end of the year, they will need to negotiate deals for first-quarter delivery coil no later than November, market participant...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade 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 standard grade,...Read More
Most base metals on the London Metal Exchange opened higher on Thursday October 7 amid thin trading on the last day of a week-long holiday in China. "Despite some macro headwinds over China's property debt, the semiconductor shortage, global inflation, shipping delays and high shipping costs, metals remain quite buoyant overall," Will Adams, Fastmarkets' head of base metals and battery research, s...Read More
Rising freight costs and increased buying interest from neighboring Asian markets led to an increase in Bangladesh import steel scrap prices in recent days, sources said on Thursday October 7.Bangladesh container import prices jumpSouth Korea purchases deep-sea scrap amid high Japanese pricesTaiwan buyers quiet after early-week buyingBangladeshContainerized imports of scrap were sold to Bangladesh...Read More
Rising freight costs and increased buying interest from neighboring Asian markets led to an increase in Bangladesh import steel scrap prices in recent days, sources said on Thursday October 7.Bangladesh container import prices jumpSouth Korea purchases deep-sea scrap amid high Japanese pricesTaiwan buyers quiet after early-week buyingBangladeshContainerized imports of scrap were sold to Bangladesh...Read More
British Steel has announced a low-carbon steel making roadmap which outlines how it will achieve its net-zero emissions target, the company announced on Thursday September 7. The company has pledged to invest in a range of technologies to deliver net-zero steel by 2050 and significantly reduce its CO2 intensity by 2030 and 2035, in line with UK commitments to the Paris Agreement.Earlier this...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More
German independent metals distribution company Kl??ckner & Co is to team up with Swedish start-up H2 Green Steel to become one of the first distributors of near-zero carbon emissions "green steel."Announcing the partnership on Thursday October 7, Kl??ckner & Co said that it would be supplied annual quantities of up to 250,000 tonnes of green steel from 2025 onwards, which would represent a su...Read More
Brazil-based multi-metal producer Nexa Resources has resumed activity at its San Gerardo zinc-lead open-pit mine in central Peru after a week-long stoppage caused by community blockades, the company said on Wednesday October 6.In a filing to the Peruvian securities and exchange commission, SMV, Nexa said operations began to reopen early in the week and by Wednesday had returned to full capacity.Ro...Read More
Seaborne coking coal prices in the fob market on Thursday October 7 were largely flat amid limited trading activity in the market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $603.28 per tonne, unchangedHard coking coal, cfr Jingtang: $565.14 per tonne, unchangedPremium hard coking coal, fob DBCT: $404.05 per tonne, down by $0.48 per tonne ...Read More