Slab export prices from Brazil were stable in the week ended Friday August 27, after most volumes available were sold at the same level as previous weeks.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $900-920 per tonne on Friday, unchanged from the previous week.In the last two weeks, deals have been closed to several buyers in the United States, where demand for...Read More
Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.Turkey books just one deep sea cargo during weekUS prepares for fall in domestic pricesVietnamese import prices constrained by rise in Covid-19 casesChinese scrap buyers hold back from imp...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Treatment charges for lead concentrate rose in August on a strongly negative import arbitrage and a steep backwardation on the London Metal Exchange, market participants told Fastmarkets.In addition, more mined material has become available to the Chinese market, which has been tightly supplied for the past three months.Fastmarkets' lead spot concentrate TC, low silver, cif China and the lead spot...Read More
At $3 below $2,700 per tonne, aluminium reached its highest three-month price on the London Metal Exchange since May 2011 on Friday August 27, and most prices on the complex were also up following long-awaited statements from the US Federal Reserve Chair. The new year-to-date peak for aluminium was $2,697 per tonne on Friday; the metal was up by 1.1% at 5pm to $2,649.50 per tonne from Thursday's $...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday August 27 while market participants wait to hear what United States Federal Reserve chair Jerome Powell has to say about the US monetary policy timeline when he speaks later today. Asian-Pacific equity indices were mixed this morningBase metalsLME three-month zinc ($2,981 per tonne) an...Read More
The price of alloy steel scrap in the UK domestic market increased in the week to Friday August 27 because of higher nickel costs and an ongoing tightness of supply, sources told Fastmarkets.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,300-1,400 ($1,785-1,922] per tonne on Friday, up by ?50-100 per tonne week on week.The price...Read More
Prices for shredded steel scrap into Pakistan and India have decreased in the week to Friday August 27, sources told Fastmarkets.Demand in India remained muted due to the monsoon season, and trading activity in Pakistan continues to remain high.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $525.57 per tonne on Friday, down by $13.4...Read More
Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.Turkey books just one deep sea cargo during weekUS prepares for fall in domestic pricesVietnamese import prices constrained by rise in Covid-19 casesChinese scrap buyers hold back from imp...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Major steel production exports out of China in July decreased from June due to the removal of an export rebate on May 1.For instance, the hot-rolled coil export was 817,276 tonnes in July, down by 20% from 1.03 million tonnes in June, according to customs data.Market participants expect exports to keep the month-on-month...Read More
Fastmarkets copper concentrate treatment charge/ refining charge (TC/RC) index continued to rise in the week to August 27. Fastmarket's calculation of the copper concentrates TC index, cif Asia Pacific is now at its highest level since mid-April 2020, with smelters bidding for clean tonnage at mid-to-high $60s. Blended cargos from Asia were offered in the mid-$60s...Read More
The Commonwealth of Independent States' pig iron export market was weak during the week to Thursday August 26 due to a lack of demand.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $510-520 per tonne on Thursday, down by $15-20 from $525-540 per tonne the previous week."That was another muted week in the market," one trader said. "[The] gen...Read More
The Commonwealth of Independent States' pig iron export market was weak during the week to Thursday August 26 due to a lack of demand.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $510-520 per tonne on Thursday, down by $15-20 from $525-540 per tonne the previous week."That was another muted week in the market," one trader said. "[The] gen...Read More
Fastmarkets has corrected its weekly price assessment for Molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam following a data entry error.The weekly price assessment for MB-FEO-0003 molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam on Friday August 27 should have been $20.50-20.65 per lb Mo, but was published as $2.50-20.65 per lb MoFastmarkets' pricing database has been u...Read More
Seaborne iron ore prices mostly increased on Friday August 27 amid stable trading activity in the physical market, particularly at China's ports, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $157.55 per tonne, up $4.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.84 per tonne, up $4.04 per tonne58% Fe fines high-grade premium, cfr Qingdao: $126.50 per tonne, up $3.62...Read More
Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.This includes projects and targets for green steel, carbon capture, carbon neutral, net zero, low-carbon emissions and fossil-free steel. Hotspots appear in Germany, France and Sweden, where steelmaking is already well established. Policy, funding and sharing of infras...Read More
Fastmarkets proposes to increase the pricing frequency for its spodumene assessment to fortnightly.The assessment for spodumene 6% Li2O min, cif China is currently published on the last Wednesday of each month.Following an initial consultation with the market, and a review of typical data sets that are collected over the course of the month, Fastmarkets now proposes to assess and publish the...Read More
The light iron scrap market in the United Kingdom was stable during the week to Friday August 27, with most trade sources reporting steady prices to ensure the flow of material into yards.But some domestic consumers signaled a need for price cuts for monthly deliveries in October, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More