Turkish deep-sea scrap import prices continued to increase on Monday October 4 on a fresh European cargo heard, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a European cargo comprising 5,000 tonnes of heavy melting scrap 1&2 (80:20) at $440 per tonne, and 3,000 tonnes of shredded and 1,500 tonnes of bonus at $455 per tonne cfr.The cargo will be shipped before N...Read More
The ongoing power crunch in parts of China could further tighten the supply of coking coal if the country prioritizes thermal coal supply and delivery, market sources said.China prioritizes thermal coalChina's National Development and Reform Committee (NDRC) has stressed the need to guarantee thermal coal supplies to tackle the ongoing power shortage in areas such as Liaoning and Guangdong provinc...Read More
Fastmarkets is proposing to amend the index specifications of its 62% Fe iron ore index to more closely reflect the chemical composition of mainstream mid-grade ores produced from Australia's Pilbara region.Fastmarkets proposes to amend the silica and alumina base specifications of its index for iron ore 62% Fe fines, cfr Qingdao, $/tonne [MB-IRO-0008]. The current chemical specifications of this...Read More
Seaborne coking coal prices in the fob market inched higher on Monday October 4 amid bids heard to be slightly higher than the last transacted price, market sources said.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: $394.18 per tonne, up by $2.68 per tonneHard co...Read More
Iron ore prices were largely stable on Monday October 4, with limited liquidity during the Chinese National Day holiday, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.12 per tonne, up $1.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.75 per tonne, up $1.21 per tonne58% Fe fines high-grade premium, cfr Qingdao: $90.73 per tonne, up $2.67 per tonne65% Fe Brazil-o...Read More
Fastmarkets has corrected the pricing assessment for steel scrap HMS 1&2 (80:20 mix) export, fob main port UK, which was published incorrectly on Friday September 24 due to a reporter error.The assessment range for MB-STE-0100 steel scrap HMS 1&2 (80:20 mix) export, fob main port UK was entered incorrectly as $405-507 per tonne, and has been corrected to $405-407 per tonne.Fastmarkets' p...Read More
Australia expects the iron ore price to stay at around $150 per tonne until late 2021, before falling to $93 per tonne by the end of 2022, according to a report released on Thursday September 30.The figure for 2022 has been revised downwards from $109 per tonne, as stated in a previous report published in June.Falling domestic demand for steel in China due to slower construction activity and the i...Read More
Base metals prices on the London Metal Exchange were mostly up during morning trading on Monday October 4, continuing their recovery from a steep sell-off seen in the last days of September.The three-month contract for zinc was the best performer on Monday morning, rising to $3,014 per tonne at 9am from $2,982.50 per tonne at the close on Friday.The galvanizing metal has traded around and above $3...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.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.Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in September 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February,...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday October 5, while markets consolidated recent gains. But volumes have been light with Chinese participants absent due to the week-long National Day holiday (October 1-7).* Asia-Pacific equities weaker this morning as they followed Monday’s weakness in the United States.* Brent crude oil price back abov...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade. Equity index futures were virtually unchanged following release of the U.S. August Trades Balance report at 8:30 AM EDT. Consensus was a deficit of $70.5 billion versus a deficit of $70.1 billion in July. Actual was a deficit of $73.3 billionThe Canadian Dollar was virtually unchanged at...Read More
Here are five Fastmarkets stories you might have missed on Friday October 1 that are worth another look.Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Since mid-September, a swathe of...Read More
Here are five Fastmarkets stories you might have missed on Friday October 1 that are worth another look.Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Since mid-September, a swathe of...Read More
Here are five Fastmarkets stories you might have missed on Friday October 1 that are worth another look.Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Since mid-September, a swathe of...Read More
Here are five Fastmarkets stories you might have missed on Friday October 1 that are worth another look.Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Since mid-September, a swathe of...Read More
Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Under the new structure, Tata Steel Europe will no longer exist as an operational organization; Tata Steel Netherlands and Tata Steel UK will operate as two independent companies.Tata Steel started national-level consultations t...Read More
Here are five Fastmarkets stories you might have missed on Friday October 1 that are worth another look.Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Since mid-September, a swathe of...Read More
Here are five Fastmarkets stories you might have missed on Friday October 1 that are worth another look.Tata Steel officially separated its operations in the United Kingdom and the Netherlands on Friday October 1 after an agreement was reached a day earlier, the company said.Since mid-September, a swathe of...Read More