An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
The supervisory board of Thyssenkrupp Steel Europe has extended Bernhard Osburg's contract as chairman for another five years to June 30, 2027, the company said earlier this week.Osburg has been chairman of the executive board since March 2020, succeeding Premal Desai. He has been a member of the executive board since June 2019 with a focus on sales and innovation.In a meeting on August 31,...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
The European steel hot-rolled coil market was quiet and lacking in direction on Friday September 3, with buyers and mills split on the future trend of prices, Fastmarkets heard.Producers in Northern Europe and Italy said they were sold out until the end of 2021, with some even booked for the first quarter of 2022, so are in no rush to reduce prices. In addition, if the European Union and the Unit...Read More
The United States' steel import licenses dropped month on month but soared year on year in August, according to government figures.The US was licensed to import 2.30 million tonnes of steel in August, according to data from the US International Trade Administration's steel import monitoring system collected through Wednesday September 1. That was down by 17.86% from the preliminary US Census impor...Read More
Switzerland-based metals trader MRI Trading has hired Anant Mishra to head its office in South Africa, Fastmarkets heard on Friday September 3.Mishra will join MRI later this month from Vedanta Resources, where he has worked since 2004,...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday September 3, but overall the picture is one of consolidation ahead of today's employment report from the United States.China's Caixin services PMI dropped to 46.7 in August, from 54.9 in July, switching from expansion to contractionThe US Dollar Index continues to retreat Base metalsTh...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 3.Susan Zou, Yingchi Yang and...Read More
Technical-grade and battery-grade lithium carbonate prices in China recorded their strongest weekly gains of all time on Thursday September 2, according to Fastmarkets' assessments, with the two now trading at parity against a backdrop of strong demand from the lithium iron phosphate battery (LFP) sector. Battery-grade and technical-grade lithium carbonate prices in China trading at parity amid ti...Read More
Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More
Domestic steel rebar prices in Poland were broadly stable during the week to Friday September 3, with most producers sold out for September rolling due to good end-sector demand, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw was at 4,000-4,100 zloty ($1,051-1,077) per tonne on Friday, widening downward by 50 zloty from 4,050-4,100 zloty per...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
Turkish prices for exports of reinforcing bar have continued to fall over the past week amid sluggish demand, and a continuing softening of import scrap costs, market participants told Fastmarkets on Thursday September 2.Rebar offers varied mainly within the range of $670-675 per tonne fob, stable week on week but with a few offers heard above and below this level.Buying activity remained silent,...Read More
Spot differentials for low-carbon aluminium value-added products (VAP) in Europe moved higher in August, but most market participants remain focused on 2022 deals.Fastmarkets assessed the aluminium low-carbon differential value-added product (VAP), Europe at $15-25 per tonne Friday September 3, up from $10-20 per tonne on August 6. Spot deals were reported at $20 per tonne for aluminium billet and...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Prices of aluminium scrap in the United States were largely unchanged week on week amid sluggish business activity heading into the long Labor Day holiday weekend.Trade sources reported relatively healthy supply flows of most grades, while demand continues to be hobbled by labor shortages and disruptions to automotive production due to a lingering silicon chip shortage. "Everything is status...Read More
Domestic prices for alloy steel scrap in the UK increased in the week to Friday September 3 due to good demand combined with tight supply, sources have told Fastmarkets.UK sellers of alloy scrap have been benefiting from both good domestic demand and strong demand and higher prices in India and the EU. As a result, UK buyers...Read More