Member mills of the China Iron & Steel Association (Cisa) cut their crude steel and hot metal production rates in late August compared with the preceding 10 days, according to data published by Cisa on September 3.The finished steel inventory level in the mills also dropped sharply in late August compared with the level in mid-August. August 21-31 outputCrude steel: 2.05 million tonnes...Read More
Here are five Fastmarkets stories you might have missed on Monday September 6 that are worth another look.Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24. Multiple sources reported on Monday September 6 that the first producer to extend the offer of $2...Read More
The latest data for the global manganese ore market for theweek ended Monday September 6, 2021.Read More
Base-metals prices on the London Metal Exchange moved in different directions at the close of trading on Monday September 6, with aluminium continuing to reach new highs, while metals such as lead and tin ended the day on the back foot.Lead's three-month price was $2,275.00 per tonne on Monday at 5pm, dropping from last Friday's price of $2,310.50 per tonne.The metal reached a year-to-date peak of...Read More
Australian miner Eastern Iron Ltd has signed a partnership agreement with Yahua International Investment and Development Co. Ltd. to acquire and develop lithium projects, Eastern Iron said on Monday September 6.Yahua is a a subsidiary of Chinese lithium producer Sichuan Yahua Industrial Group Co. Ltd.Under the terms of the non-binding Memorandum of Understanding (MOU), Eastern Iron and Yahua...Read More
Domestic prices for cobalt metal in China have strengthened since mid-August despite weak downstream demand due to tightening supply and high production costsFastmarkets' price assessment for cobalt 99.8% Co min, ex-works China was at 360,000-383,000 yuan ($55,775-59,338) per tonne last Friday September 3, up by 3,000-5,000 yuan per tonne from 355,000-380,000 yuan per tonne on September 1. Prices...Read More
Base metals prices on the London Metal Exchange were on divergent paths on the morning of Monday September 6, after a weaker-than-expected US jobs report on Friday sent out mixed signals.But base metals prices on the Shanghai Futures Exchange were generally stronger this morning while they tracked the gains seen on the LME on Friday, which came despite the disappointing data from the United States...Read More
Domestic prices for hot-rolled coil in Northern Europe and Italy were broadly flat during the week ended Friday September 3 amid subdued trading activity, with buyers holding back from making deals and mills refusing to accept lower prices, Fastmarkets has learnt.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,138.38 ($1,352.19) per tonne on Fri...Read More
Turkish domestic scrap prices dropped over the past week amid weakening imported scrap values, market participants told Fastmarkets on Monday September 6.Turkish mills continued their deep-sea scrap purchases last week, albeit at a slow pace.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $ 440.25 per tonne on Friday September 3,...Read More
Seaborne iron ore prices fell on Monday September 6, due to Chinese authorities taking a stricter stance against steelmakers on steel production curbs and the start of sintering restrictions, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $132.38 per tonne, down $12.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $133.02 per tonne, down $12.28 per tonne58% Fe fines high-gra...Read More
Here are five Fastmarkets stories you might have missed on Monday September 6 that are worth another look.Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24. Multiple sources reported on Monday September 6 that the first producer to extend the offer of $2...Read More
The gap between seaborne and portside manganese ore prices, which had lasted throughout most of this year, came to a closing point in the week ending Friday September 3 after seaborne prices weakened once again, whereas port markets remained resilient.Traditionally in the manganese market, seaborne prices are lower than portside prices to incentivize buying interest. But the situation reversed thi...Read More
The European manganese alloys markets, currently trading around 13-year price highs, were likely to rise further - at least in the short term - due to firm fundamentals of tight availability and strong demand, Fastmarkets heard on Monday September 6.Other factors such as an acute shortage of shipping containers and record high freight rates were also making replacement costs very expensive, while...Read More
The European manganese alloys markets, currently trading around 13-year price highs, were likely to rise further - at least in the short term - due to firm fundamentals of tight availability and strong demand, Fastmarkets heard on Monday September 6.Other factors such as an acute shortage of shipping containers and record high freight rates were also making replacement costs very expensive, while...Read More
Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24.Multiple sources reported on Monday September 6 that the first producer to extend the offer of $230 per tonne has put back its quarterly negotiation deadline by one week to September 10, but it will not l...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 August 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April,...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 August 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February, March, April,...Read More
Here are five Fastmarkets stories you might have missed on Monday September 6 that are worth another look.Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24. Multiple sources reported on Monday September 6 that the first producer to extend the offer of $2...Read More
The latest data for the global manganese ore market for theweek ended Monday September 6, 2021.Read More
Here are five Fastmarkets stories you might have missed on Monday September 6 that are worth another look.Continued low demand for aluminium in Japan, unchanged since August, has weighed on fourth-quarter negotiations for the main Japanese ports (MJP) aluminium premium, which started around August 24. Multiple sources reported on Monday September 6 that the first producer to extend the offer of $2...Read More