Turkish steel mills ended the working week with additional deep-sea cargo deals for November shipments, market participants told Fastmarkets on Friday October 1.A steel mill in the Izmir region booked a US cargo comprising HMS 1&2 (80:20) at $443 per tonne and shredded and bonus at $458 per tonne cfr. Although, the cargo composition was not yet confirmed, the seller source said. And a steel mill...Read More
Prices for shredded steel scrap imported into Pakistan fell in the week to Friday October 1, while Indian scrap prices stabilized after a mid-week change in sentiment for both markets, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $508.69 per tonne on Friday, down from $520.32 per tonne one week previous.Prices...Read More
The export pig-iron market from the Commonwealth of Independent States was firm during the week to Thursday September 30 on reduced trading activity.Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $490-515 per tonne on Thursday, widening downward from $490-518 per tonne the previous week.Several sources said that a sale of Ukraine-origin pig...Read More
Trading activity was limited in the seaborne market on Friday October 1 during the start of the Chinese holiday.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $115.79 per tonne, down $3.44 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.54 per tonne, down $3.40 per tonne58% Fe fines high-grade premium, cfr Qingdao: $88.06 per tonne, down $3 per tonne65% Fe Brazil-origin fines, cfr Qin...Read More
Seaborne coking coal prices in the fob market eased slightly on Friday October 1 on a cargo that was transacted at a lower-than-expected 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: $391.50 per tonne, down by $8.70 per tonneHard coking...Read More
Copper's three-month price was up by 1%, and most London Metal Exchange prices were slightly up the morning of Friday October 1 after a steep sell-off on Thursday afternoon with macroeconomic concerns mounting.Copper's three-month price returned to above the $9,000 per tonne level with a rise to $9,026.50 per tonne on Friday morning from a $8,936.50 per tonne price on Thursday at the close, a 2.4%...Read More
Base metals prices were down on the morning of Friday October 1, extending the weakness that started to accelerate on Thursday, when the LME base metals closed down by an average of 2.3%, with tin dropping by 6.2%. The weakness was broad based with equities retreating, too. Asia-Pacific equities weaker this morning.Gold and the yen rallied on Thursday, and US treasury yields are weaker this mornin...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday October 1.Jessica Long, Ruby Liu and Carrie...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Read More
The silicon price set a new all-time high in the United States on Thursday September 30, with offers rising and reportedly greatly widening while market participants tried to price in the coming effects of a global shortage.US silicon supply was already tight before China, the world's biggest supplier, largely stopped exporting the metal during a production crisis. An electricity shortage in China...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...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 alloy...Read More
A project demonstrating that the rare earth magnets in loudspeakers, which are currently lost to landfills, can be successfully recycled is set to be scaled up to commercial production, one of its participants said.HyProMag led the project along with metal recycler European Metal Recycling Ltd (EMR); the University of Birmingham; and Maginito Limited, a 25% shareholder in HyPoMag and a subsidiary...Read More
Fastmarkets is inviting feedback on its audited non-ferrous price assessments and indices, as part of its announced annual methodology review process.The consultation, which is open until October 31, 2021, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for alumina, aluminium, cobalt, copper, lithium and manganese ore, in compliance...Read More
A rise in South Korean domestic steel scrap prices has led to greater interest in booking import cargoes to the country in recent days, sources said on Friday October 1.Korean steelmakers increased their scrap buy prices by 10,000 Won ($8) per tonne on Friday, a mill source in the country told Fastmarkets.Solid long steel demand means that despite the rise in cost and some mills in the country red...Read More
Spot prices for containerized ferrous scrap in Taiwan slipped in the week to Friday October 1 amid an easing in restocking demand by steel mills.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $460 per tonne on Friday, unchanged from Thursday, but down by $3 per tonne from $463 per tonne on September 24.Buyers remai...Read More
Fastmarkets rounds up the key discussion points on lithium battery chemistries, sustainability and ESG from its Lithium 2021 conference that took place over September 20-22.Lithium price spikes key to chemistriesThe price of lithium will be key in determining battery chemistries, according to market participants. Sustained high prices would cause use to shrink, although few expect lithium to be re...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 Thursday September 30 that are worth another look.Temporary steel export duties in Russia, which have been in effect since August 1, have not impacted export volumes significantly so far, sources have told Fastmarkets.Australia-based mining company South32 have announced...Read More
Environmental, social and governance (ESG) investors should be reducing exposure to plug-in hybrid- and fuel cell-weighted automotive supply chains and focusing instead on battery electric vehicles (BEV), according to a report by Jefferies. Ford's recent announcement of record-setting investment in electric vehicles (EVs) gives a clear signal to the market: BEVs are the future, with hybrids a...Read More