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
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
Bullish sentiment in the aluminium supply chain fueled increases in premium foundry alloy (PFA) premiums in Europe in the week ended Friday July 9. The PFA premium in the US was flat once again.EuropeSoaring premiums for P1020 aluminium, expensive logistics and solid demand pushed the premiums for primary foundry alloy (PFA) in Europe to new all-time highs this week.Fastmarkets' assessment of the...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
London Metal Exchange base metal futures barring tin traded higher on Friday July 9 after the market responded to news that China's central bank will boost liquidity to small and medium sized businesses.The People's Bank of China said it would reduce the Reserve Requirement Ratio (RRR), the amount of cash banks have to hold in reserve, by 0.5%, equivalent to the release of a trillion yuan ($154 bi...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Key data from Fastmarkets' Friday July 9 pricing sessions in Europe, China and the United States.China The export ferro-silicon market was stable over the week, with few inquiries or deals made. Overall, market participants took a strong wait-and-see attitude to the steel mill tender in July. Spot availability is still quite tight...Read More
Spot copper concentrate treatment/refining charges (TC/RC) continued to rise for the fourth week in a row on the improving availability of the copper raw material.Fastmarkets copper concentrate TC/RC index was calculated at $42.4 per tonne/4.24 cents per lb for the week to Friday July 9, its first foray above the $40/4 cents mark since late...Read More
Key data from Fastmarkets' Friday July 9 pricing sessions in Europe, China, India and the United States.Europe The silico-manganese market continued to strengthen in response to tight availability of material and robust demand from consumers. Prices in the market have been on an uptrend since the start of the year with steel production recovering from the effects of the Covid-19 pandemic. While co...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies...Read More
Global scrap prices broadly fell over the week to Friday July 9. Spot demand in Asia remained weak, with buyers looking at lower Turkish steel scrap prices for indications of better buying opportunities in the future.Turkey resumes deep-sea importsPrime grades perform best in USVietnam demand soft but billet demand could offer hopeChinese price uptrend capped by production cutsTaiwan continues to...Read More
The inter-merchant light iron scrap market in the United Kingdom was unchanged this week although increased demand could result in small price rises in the coming weeks, participants told Fastmarkets on Friday July 9.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?175-190 ($241-262) per tonne on Friday, unchanged since June 18...Read More
Prices for shredded steel scrap imports into Pakistan increased in the week to Friday July 9, supported by higher trading activity compared with India, sources have told Fastmarkets.Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $547.34 per tonne on July 9, up by $7.83 per tonne from $539.51 per tonne on July 2.Deals for the material have been...Read More