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
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...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
While more upside awaits finished steel prices, the United States' domestic ferrous scrap market might have plateaued or reached its 2021 peak, buyers and sellers told Fastmarkets.At the same time, there are a host of positive aspects that suggest the market will remain strong, even if upside might be limited.The July market was like a Kentucky Derby horse race, with commentators spending hours di...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...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
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
Domestic prices for hot-rolled coil in Northern Europe increased in the week to Friday July 9, supported by continuing supply tightness.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,162.92 ($1,380.68) per tonne on July 9, up by ?,?13.42 per tonne week on week and up by ?,?15.23 per tonne month on month.The index was based on achievable prices...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
Base metals futures prices on the London Metal Exchange were mostly lower during morning trading on Monday July 12 compared with their Friday closing prices, with the exception of tin.Nickel's three-month price was down 1% on Monday at 9am from Friday's close at $18,747 per tonne. The stainless steel additive reached as high as $18,830 per tonne, however, its highest level since March 1.Three-mont...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
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.The Shanghai Composite Index added 23.75 to 3,547.84 after China's central bank announced a reduction in reserve requirements for China's major banks effective July 15th. The reduction is expected to inject $150 billion into the economy.Disney gained $4.24 to $177.04 after JP Morgan raise...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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies...Read More
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.The duties, which cover 340 metal products, will apply from August 1 through to December 31 and have a base rate of 15%, with a specific minimum rate for each product.The measures will inevitably cut the profitability of steel...Read More
Domestic prices for hot-rolled coil in Europe were relatively stable on Friday July 9 due to slow buying activity, sources told Fastmarkets.Market sources believed that the price fluctuations during the week have not been indicative of a trend change, but mainly reflected the uncertainty among buyers in the market with a limited number of offers.Buyers have been holding back from making new deals...Read More