The United States' pig iron import market was calm during the week to Friday July 9, although market sentiment turned negative mainly on moderate demand and low offers from India. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $650-655 per tonne on Friday, unchanged week on week."Demand is really moderate, buyers are booked and some buyers are secured with shipments...Read More
Turkish steel mills continued their deep-sea scrap purchases at a slow pace at the beginning of the week, trying to put further pressure on prices, market participants told Fastmarkets on Monday July 12.A steel mill in the Marmara region booked a European cargo, comprising 28,000 tonnes of HMS 1&2 (75:25) and 2,000 tonnes of a mixture of bonus and HMS 1, at an average price of $486.50 per tonne cf...Read More
Turkish domestic auto bundle scrap prices have inched upward over the past week, with two steel mills in the Izmir region raising their buy prices, market participants said on Monday July 12.Long steel mill Ege ??elik increased its buy price for auto bundle scrap by 50 Turkish lira per tonne to 4,160 lira ($480) per tonne delivered.Fellow long steel mill ?-zkan raised its...Read More
Seaborne coking coal prices stayed largely stable in the cfr market on Monday July 12 and climbed up in the fob market because some buyers started to procure on a demand basis, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $210.53 per tonne, up $3.66 per tonnePremium hard coking coal, cfr Jingtang: $308.80 per tonne, up $0.84 per tonneHard coking coal, fob DBCT: $...Read More
Iron ore prices moved up despite limited liquidity in the physical market on Monday July 12, while sentiment strengthened on news that China's central bank will cut the reserve requirement ratio (RRR), sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $217.85 per tonne, up $3.08 per tonne62% Fe low-alumina fines, cfr Qingdao: $220.60 per tonne, up $2.60 per tonne58% Fe fines high...Read More
The price of austenitic stainless steel scrap increased in the week to Friday July 9, particularly for grade-316 material, driven by strong demand amid ongoing tight availability, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK was ?1,700-1,800 ($2,362-2,502) per tonne on July 9, widening upwards by ?60 per tonne...Read More
Seaborne iron ore concentrate and pellet prices increased in the week to Friday July 9, after the return of buying interest in China following the 100-year anniversary of country's communist party, sources told Fastmarkets.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $62 per tonne, unchanged66% Fe concentrate, cfr Qingdao: $245.03 per tonne, up $2.76 per tonne65% Fe bla...Read More
Hot-rolled coil prices across China's domestic market increased on Monday July 12 on improved market sentiment following news late on Friday that China' s central bank would cut the reserve requirement ratio (RRR) for all banks by 50 basis points.DomesticEastern China (Shanghai): 5,780-5,850 yuan ($893-904) per tonne, up by 80 yuan per tonneThe RRR cut by the People's Bank of China, which will tak...Read More
China's domestic rebar prices increased sharply on Monday July 12 following news that the People's Bank of China will cut the reserve ratio requirement (RRR) by 0.5 percentage points from July 15.DomesticEastern China (Shanghai): 5,150-5,200 yuan ($796-803) per tonne, up by 130-150 yuan per tonneThe news that the RRR will be cut pushed rebar futures prices as high as 5,532 yuan per tonne on Monday...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 assessed Cobalt standard grade, in-whs Rotterdam,...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...Read More
China's cobalt sulfate prices continued to gain on support from firm offers from sellers and bullish market sentiment, but many buyers have hesitated in restocking while they wait for a clearer direction in the market, sources told Fastmarkets.Fastmarkets' assessment for cobalt sulfate 20.5% Co basis, exw China rose to 79,000-81,000 yuan ($12,203-12,512) per tonne on Friday July 9, up from 78,000-...Read More
China's tellurium price dropped on July 9 after climbing for around 18 months, according to Fastmarkets' price assessment.Fastmarkets' weekly price assessment for tellurium 99.99% Temin, in-whs China was 575-582 yuan ($88.74-89.82) per kg on Friday July 9, downby 0.3% from $575-585 yuan per kg a week earlier.It marks the first time the tellurium price has fallen since early 2020, when the price wa...Read More
Key data from Fastmarkets' pricing session in China on Friday July 9.Key drivers Silicon spot availability has been less tight with the step-by-step start-up of furnaces in Yunnan province starting in the rainy season, with all furnaces expected...Read More
Key data from Friday July 9 pricing session in Shanghai.Key drivers Sellers reduced their offers in the hope of facilitating sales in a quiet market. Some participants selling imported selenium continue to offer at levels above...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More
Here are five Fastmarkets stories you might have missed on Friday July 9 that are worth another look.The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.Sandfire Resources' Motheo copper mine in...Read More