German steelmaker Thyssenkrupp has introduced carbon surcharges for steel products following anticipated changes in pricing methods in the European industry, market sources told Fastmarkets on Wednesday September 29.Thyssenkrupp's carbon surcharge for hot-rolled coil is ?,?22.78 ($26.62) per tonne, two German traders said. The company has also notified its customers that the current cost of e...Read More
Japan's August production and sales of Toyota's new vehicles, including those of its subsidiaries Daihatsu and Hino Motors, fell on a monthly basis amid the severe shortage of semiconductor chips and raw materials, which have disrupted supply chains this year.Toyota's Japan August production of new vehicles fell by 39.3% and 11.4% on a monthly and yearly basis respectively, to 244,342 vehicles. To...Read More
Seaborne coking coal prices declined on Wednesday September 29 amid thin trading; premium hard coking coal prices in both the cfr and fob markets are relatively high, which depressed buying interest in the spot market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $592.89 tonne, down $4.17 per tonneHard coking coal, cfr Jingtang: $534.86 per tonne, down $3.79...Read More
China's power-cut policy has caused disruption in the battery raw materials supply chain and has brought uncertainty to the price of materials like nickel and cobalt, sources told Fastmarkets.The country started introducing power-consumption limits in some provinces in July 2021 due to power shortages following its carbon-reduction policy, and the curbs have been extended into more provinces and h...Read More
Seaborne iron ore prices moved up slightly on Wednesday September 29 amid restocking activity by steel mills at Chinese ports, but liquidity thinned ahead of the week-long national holidays, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $114.13 per tonne, up $2.07 per tonne62% Fe low-alumina fines, cfr Qingdao: $115.02 per tonne, up $1.57 per tonne58% Fe fines high-grade prem...Read More
Japan's August production and sales of Toyota's new vehicles, including those of its subsidiaries Daihatsu and Hino Motors, fell on a monthly basis amid the severe shortage of semiconductor chips and raw materials, which have disrupted supply chains this year.Toyota's Japan August production of new vehicles fell by 39.3% and 11.4% on a monthly and yearly basis respectively, to 244,342 vehicles. To...Read More
The Brazilian steel industry intends to contribute to a reduction in greenhouse-gas (GHG) emissions in order to lower the country's carbon footprint, the steelmakers' association, Instituto A??o Brasil, said on Wednesday September 29.The methods to cut emission will include developing a strong local carbon credit market and moving forward with higher scrap and charcoal usage, as well as improving...Read More
Seaborne coking coal prices declined on Wednesday September 29 amid thin trading; premium hard coking coal prices in both the cfr and fob markets are relatively high, which depressed buying interest in the spot market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $592.89 tonne, down $4.17 per tonneHard coking coal, cfr Jingtang: $534.86 per tonne, down $3.79...Read More
Fastmarkets has corrected the pricing assessment for steel slab, export, fob ports Iran, which was published incorrectly on Wednesday September 29 due to a reporter error.The assessment range for steel slab, export, fob ports Iran was entered incorrectly as $672-782 per tonne, and has been corrected to $672-682 per tonne.Fastmarkets' price database has been updated to reflect the change.For m...Read More
Turkish steel mills stepped away from the deep-sea scrap import market after booking a number of cargoes earlier in the week, sources told Fastmarkets on Wednesday September 29.Steelmakers booked at least three deep-sea cargoes earlier this week. A steel mill paid $426 per tonne cfr for Europe-origin HMS 1&2 (80:20), while another steel mill paid $434 per tonne for the same material from Venezuela...Read More
Prices in the Indian import steel scrap market have dropped in recent days amid continued weak demand in the country, while power shortages are constraining Chinese scrap demand, market sources told Fastmarkets.Weak demand in India continues to pressure pricesChina's restrictions on power usage depress buying interests furtherTaiwan secures containerized scrap cargoes at $465 per tonne cfrIndiaPri...Read More
Plusmining and Simon Hunt Strategic Services (SHSS) are entering into a collaborative agreement to exchange ideas relating to the metals and mining industry to jointly undertake general and client-specific studies, the consultancy companies said in a joint statement. The new copper-focused advisory service firm, G&H Metals & Mining Consultancy, will combine Plusmining's focus on the mining sector...Read More
Prices in the Indian import steel scrap market have dropped in recent days amid continued weak demand in the country, while power shortages are constraining Chinese scrap demand, market sources told Fastmarkets.Weak demand in India continues to pressure pricesChina's restrictions on power usage depress buying interests furtherTaiwan secures containerized scrap cargoes at $465 per tonne cfrIndiaPri...Read More
China's power-cut policy has caused disruption in the battery raw materials supply chain and has brought uncertainty to the price of materials like nickel and cobalt, sources told Fastmarkets.The country started introducing power-consumption limits in some provinces in July 2021 due to power shortages following its carbon-reduction policy, and the curbs have been extended into more provinces and h...Read More
The US nickel briquette price hit a new all-time high; premiums in Asia and Europe remain unchanged. China premiums stable ahead of Chinese National Holidays US briquette hits new all-time high amid extreme shortage European premiums remain flat Shanghai premiums stable ahead of holidays The premiums on nickel cathodes imported into China remained stable in the week to Tuesday September 28,...Read More
Base metals prices edged down in morning trading on Wednesday September 29, with weakness in across the complex supported by the rising US Dollar Index, which pushed up to its highest level since November 2020."Copper and most of the other metals [prices fell] on Wednesday, with Asian equities suffering from a global stock sell off," Marex LME desk analyst Anna Stablum said."Wall Street [had its]...Read More
European buyers held back from hot-rolled coil purchases due to expectations of a decline in domestic prices and massive import volumes being released in the European Union after Friday October 1, sources told Fastmarkets on September 29. Low import offers that have emerged in Europe have also contributed to negative sentiment in the market. The latest offers of HRC have been heard at ?,?800-900 (...Read More
German steelmaker Thyssenkrupp has introduced carbon surcharges for steel products following anticipated changes in pricing methods in the European industry, market sources told Fastmarkets on Wednesday September 29.Thyssenkrupp's carbon surcharge for hot-rolled coil is ?,?22.78 ($26.62) per tonne, two German traders said. The company has also notified its customers that the current cost of e...Read More
Limited supplies of cobalt hydroxide on the spot market and rising feedstock prices have revived interest in cobalt briquettes among refineries looking to secure near-term supplies of raw materials.In the week to Friday September 24, several tens of tonnes cobalt briquettes were purchased in the spot market by cobalt salts refineries, after barely any had changed hands in previous weeks, trader so...Read More
The US nickel briquette price hit a new all-time high; premiums in Asia and Europe remain unchanged. China premiums stable ahead of Chinese National Holidays US briquette hits new all-time high amid extreme shortage European premiums remain flat Shanghai premiums stable ahead of holidays The premiums on nickel cathodes imported into China remained stable in the week to Tuesday September 28,...Read More