Turkish steel mills were silent on Friday August 6 after booking at least five deep-sea cargoes earlier this week, market participants told Fastmarkets.The most recent deal was recorded on Wednesday August 4, when a steel mill in the Izmir region booked a United States cargo comprising 15,000 tonnes of heavy melting scrap 1&2 (80:20) at $464 per tonne, and 14,000 tonnes of shredded and 2,000 tonne...Read More
Major steelmakers in China and Japan lowered their domestic scrap buy prices on Friday August 6 amid reduced intake volumes, sources told Fastmarkets.Large Chinese steelmakers drop domestic scrap purchase pricesJapan's Tokyo Steel reduces buy prices for most grades at most factoriesSouth Korea closes deals at lower prices for Japanese scrap.ChinaTwo major mills in Jiangsu province lowered their do...Read More
A summary of operational results for Ukrainian steelmaker Metinvest for the second quarter of 2021In brief?EUR? Merchant slab production decreased by 19% quarter on quarter to 395,000 tonnes due to the redistribution of slab to flat-rolled product.?EUR? Flat product output increased by 9%...Read More
Iron ore prices increased slightly on Friday August 6 after a slump on Thursday, although overall sentiment remains bearish, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.51 per tonne, up $0.96 per tonne62% Fe low-alumina fines, cfr Qingdao: $173.53 per tonne, up $0.77 per tonne58% Fe fines high-grade premium, cfr Qingdao: $139.23 per tonne, up $2.95 per ton...Read More
Seaborne coking coal prices maintained their upward trend in both the cfr and fob markets on Friday August 6, with good buying interest in the latter.Prices for seaborne pulverized coal injection (PCI) material inched upward in both the cfr and fob markets in the week to August 6, amid continuous supply tightness and necessary restocking demand, market sources said.Fastmarkets indicesPremium hard...Read More
Eastern China rebar prices were flat on Friday August 6 on rising demand from trading houses, but the end user demand kept weak, causing a week-on-week decrease of 130-140 yuan per tonne.DomesticEastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,100-5,150 yuan per tonne, down by 150-170 yuan per tonneHeavy rain in Sichuan provinc...Read More
Prices for hot-rolled coil in China's domestic market were largely unchanged on Friday August 6, with trading activity remaining quiet because of the seasonal lull.DomesticEastern China (Shanghai): daily assessment 5,790-5,800 yuan ($896-898) per tonne on August 6, narrowing by 20 yuan per tonne at both ends of the range.Northern China (Tangshan): weekly assessment: 5,700-5,710 yuan per tonne on A...Read More
Base metal prices were mixed on the London Metal Exchange during morning trading on Friday August 8, with copper and aluminium leading the complex and lead down by 0.7%."Concerns about the delta strain's impact on growth have been weighing on metals this week - about half of China's provinces are trying to limit the spread. In Australia, two-thirds of the population is back in lockdown," Anna Stab...Read More
Key data from Fastmarkets' pricing sessions in Europe, Asia and the United States for the week ending Friday August 6.ChinaThe seaborne low-grade manganese ore price edged lower after suppliers cut offers on September cargoes amid rising port inventories and weakness in the domestic portside market.The seaborne high-grade manganese ore price ticked up with higher offer prices in the spot market, t...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...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 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.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 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 the European domestic market increased further this week amid continuing tight supply, Fastmarkets heard on Friday August 6.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?3,900-3,950 ($4,616-4,676) per tonne on Friday, up by ?,?50 per tonne week on week from...Read More
The Vietnamese scrap import market continued to slip during the week ending Friday August 6 due to weak demand for downstream long steel, sources told Fastmarkets.Offers for bulk Japanese H2-grade material were heard at $480 per tonne cfr southern Vietnam, while offers to northern Vietnam were at $485 per tonne.Buyers had lowered their bids to $460-470 per tonne cfr Vietnam."It's hard to see selle...Read More
Spot prices for imported containerized ferrous scrap in Taiwan continued on a downward trend in the week to Friday August 6 amid the current buyers' market caused by poor demand, market sources told Fastmarkets.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap (HMS) 1&2 (80:20), United States material import, cfr main port Taiwan was $430-432 per tonne on...Read More
(Updates prices, recasts) Aug 6 (Reuters) - Copper prices fell on Friday as solid U.S.jobs data pushed the dollar sharply higher, making metals moreexpensive for buyers with other currencies.Copper had been trading higher after news that a union atthe world's biggest copper mine, Chile's Escondida, told workersto prepare for a strike that would reduce supply.But by 1605 GMT, benchmark copper on th...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More