Domestic prices for hot-rolled coil in China continued to move lower on Friday August 27, with losses on futures prices extending to a one-week trough in overnight trading due to persistent concerns about the levels of demand.DomesticEastern China (Shanghai): 5,600-5,680 yuan ($864-876) per tonne on August 27, down by 20-50 yuan per tonne day on day.Northern China (Tangshan) weekly assessment: 5,6...Read More
Rebar sellers in eastern China continued to lower their offers on Friday August 27 to generate more sales, but spot prices remain higher than last Friday as a result of gains from earlier this week.DomesticEastern China (Shanghai): 5,130-5,160 yuan per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, unchangedSellers looked to offload more of...Read More
Silicon producer Ferroglobe marked a return to profitability in the second quarter of 2021 after 13 loss-making quarters, and expected higher prices for its products in the second half of 2021, it said in an earnings statement published on Monday August 23.Ferroglobe is the western world's largest silicon producer and makes silicon and manganese-based alloys.The company is based in London and Madr...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday August 27.Jessica Long, Ruby Liu and Carrie...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...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
The price of flat-rolled stainless steel in Europe increased in the week ended Friday August 27 on a continuing shortness of supply, sources have told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?3,950-4,000 ($4,645-4,704) per tonne on Friday, up by ?,?50 per tonne week on week.Base pric...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
The domestic scrap markets in both Japan and South Korea weakened further on Friday August 27, placing further pressure on the seaborne markets, sources told Fastmarkets.South Korea reduces buying interest amid weaker local marketTokyo Steel drops bid prices for most scrap gradesImport interest limited in China despite stronger domestic sentiment.South KoreaA major South Korean steelmaker released...Read More
Spot prices for imported containerized ferrous scrap in Taiwan remained rangebound in the week to Friday August 27 amid buyers' bearish views.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $440-445 per tonne on Friday, unchanged from a day earlier but widening downward by $5 from $445 per tonne a week earlier....Read More
Ferrous scrap trading in Vietnam remained thin during the week to Friday August 27 amid poor demand and administrative and logistical difficulties caused by the worsening Covid-19 pandemic in the country, sources told Fastmarkets.Key commercial and industrial hubs in southern Vietnam, including Ho Chi Minh City and Binh Duong, have continued to see surging Covid-19 cases.Vietnam recorded 11,575 ne...Read More
Strict real estate regulations issued by China's central and local governments have slowed down growth in the country's housing market in the first seven months of 2021.Participants expect these policies to continue to have a strong effect on the market for the remainder the year, which would slow down growth for rebar demand.Three red linesThe People's Bank of China and the Ministry of Housing &...Read More
China's National Food & Strategic Reserves Administration will sell 30,000 tonnes of copper, 70,000 tonnes of aluminium and 50,000 tonnes of zinc in a third batch of sales to fabricators next week.These materials will be sold via a public auction on September 1, according to...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 26 that are worth another look.Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.The striking workers union at...Read More
Brazil's Companhia Brasileira de Alum?-nio (CBA) expects to finish a feasibility study for its Rondon bauxite mine by year-end 2022, but will need a strategic partner for the operation's start-up, the aluminium company said on Thursday August 26."We expect this process to develop for around 18 more months, or until the end of next year," chief financial officer Luciano Alves said in a press confer...Read More
Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said.Glencore, which declined to comment...Read More
Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said. Glencore, which declined to commen...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price movesDalila Ouerghi and...Read More