The price of shredded steel scrap into Pakistan and India diverged on Friday August 13 with Pakistan reporting restocking behaviour while demand in India remained low, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $532.37 per tonne on Friday, up from $530.64 per tonne one week earlier.Deal prices increased durin...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
Lower-priced Russian-origin steel scrap offers to China were heard on Friday August 13, but prices were still not low enough to entice Chinese buyers to enter the market.Russian-origin scrap at lower prices still unattractive to Chinese buyersChinese domestic scrap prices continue descentSouth Korea import scrap market quiet during Japan holidayChina importOffers for 2,000 tonnes of Russian-origin...Read More
Demand for imported steel scrap has increased in Bangladesh over the week to Friday August 13 following a removal of Covid-19 lockdown restrictions across the country, market sources told Fastmarkets.While the strict lockdown was officially ended on August 10, sources said that some Bangladeshi induction furnace (IF) mills had restarted steel production on August 8. The country's electric-arc furn...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...Read More
Spot prices in the Vietnamese scrap import market continued to fall in the week to Friday August 13 due to poor downstream supply caused by rising Covid-19 cases, sources told Fastmarkets.Steel mills were seeking deep-sea bulk cargoes due to a shortage of domestic scrap caused by Covid-19 lockdowns, although this failed to bolster spot prices. Japanese sellers were also reluctant to offer cargoes...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi...Read More
Export prices for Brazil-origin slab fell in the week ended on Friday August 13, with buyers resisting current offer levels to get better deals.Buyers and sellers continued to negotiate for October-shipment batches, with many re-rollers in the US willing to purchase material, but placing bids at $900 per tonne fob and below. On the other hand, sellers were trying to maintain prices from previous d...Read More
Tesla, the United States-based manufacturer of electric vehicles (EVs), is implementing a blockchain solution for end-to-end cobalt traceability in partnership with Glencore, China Molybdenum (CMOC) and Eurasian Resources Group (ERG), Glencore announced in a press release dated Thursday August 12.The Re|Source blockchain platform that Tesla is piloting was founded by Glencore, CMOC and ERG, and wa...Read More
Turkish steel mills again stayed away from the deep-sea scrap market on Wednesday August 12, while finished steel prices edged lower, sources told Fastmarkets.No new deep-sea cargoes were heard on the market today, continuing a trend of silence, although falling finished steel prices are beginning to weigh on market sentiment and purchasing decisions. The price of rebar in Turkey's domestic...Read More
Italian domestic steel scrap prices decreased in the month to Thursday August 12 following the trend in the international markets, sources told Fastmarkets.Apart from the decline in international scrap prices, the seasonal slowdown and stoppages across the European market also contributed to the domestic price drop.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin,...Read More
Prices in the British market for steel scrap deliveries to domestic steelmakers have dropped for August 2021, snapping a run of gains in the past three months on lower demand and weaker export prices amid the seasonal summer slowdown, sources said on Thursday August 12.Prices for scrap supplied to British steelmakers were down in general by around ?5 ($7) per tonne in August, although some report...Read More
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.Fastmarkets conducted a survey of market participants in the battery supply chain - mainly battery materials producers -to assess which battery metals pose the biggest...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 12 that are worth another look.German steelmaker Salzgitter plans to restart its 'C' blast furnace in November this year, a company spokesman told Fastmarkets on August 12.A strike at Codelco's Andina mine in Chile will start at 8am local...Read More
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.Fastmarkets conducted a survey of market participants in the battery supply chain - mainly battery materials producers -to assess which battery metals pose the biggest...Read More
Zimbabwe has banned exports of raw chrome ore with immediate effect and will ban exports of chrome concentrates from July 2022 in order to secure its ferro-chrome industry, the country's cabinet announced on August 3, in a move which proponents of a South African chrome ore export tax believe has strengthened their case."A [total of] 22 smelters are now operating and are shared among nine foreign...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 12 that are worth another look.German steelmaker Salzgitter plans to restart its 'C' blast furnace in November this year, a company spokesman told Fastmarkets on August 12.A strike at Codelco's Andina mine in Chile will start at 8am local...Read More
Commodities - including nickel, cobalt hydroxide and fluorspar - are being held in China at Ningbo-Zhoushan Port's Meishan wharf after the facility was locked down due to a positive Covid-19 infection at the site, market participants told Fastmarkets on Thursday August 12.One person was confirmed as infected with Covid-19 on August 11 and the local government has implemented strict controls and ha...Read More
Most prices were down on the afternoon of Thursday August 12 on the London Metal Exchange, with zinc reporting the largest fall, while nickel's three-month price was the only metal to register a gain, of 1.6%. The three-month price of zinc fell to $2,992.50 per tonne on Thursday after reaching $3,043.50 per tonne on Wednesday. Its cash-to-three month spread was last at a $8.25 per tonne conta...Read More
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.Fastmarkets conducted a survey of market participants in the battery supply chain - mainly battery materials producers -to assess which battery metals pose the biggest...Read More