The Argentinian government's decision to extend a discount on electricity costs to the second half of 2021 is insufficient to increase aluminium production capacity to full utilization, local producer Aluar said on Thursday July 1 in a filing to the country's securities and exchange commission, CNV.Aluar's Puerto Madryn plant, located in Argentina's Patagonian region, was running at 70% capacity a...Read More
Iron ore prices dropped on Friday July 2 on depressed market sentiment and a possible crude steel output cut in several areas which could weaken demand for iron ore, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $217.98 per tonne, down $1.34 per tonne62% Fe low-alumina fines, cfr Qingdao: $219.57 per tonne, down $2.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Prices for flat-rolled steel products imported into South America were down in the week ended Friday July 2 because of lower prices on an fob basis in China, and with fewer offers in the market while mills prepared for September-shipment negotiations.Fastmarkets' price assessment for steel plate, import, cfr main ports South America, was $990-1,000 per tonne on Friday, down by $20-80 per tonne in...Read More
The United Kingdom market for inter-merchant light iron scrap was steady for the second consecutive week to Friday July 2, with relatively low availability and firm demand from steelmakers supporting prices.UK scrap generation, which has been recovering heavy losses from 2020 when heavy industry was affected by Covid-related restrictions, is set to drop again this summer due to cuts in car manufac...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
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' pricing sessions in China, the United States and Europe on Friday July 2.ChinaSeaborne low-grade manganese ore prices were little changed in the week to July 2, while the market for high-grade manganese ore strengthened again after buyers accepted elevated prices for August-shipment material which was first offered late last week.Portside market softened with buying acti...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 new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday July 2.China The China ferro-silicon price edged up due to the tighter availability following the news that producers in Shanxi and Ningxia might face another round of production cuts so the provinces can meet their dual energy consumption targets, with supplier offers broadly unchanged.In addition, the ne...Read More
An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More
Domestic steel rebar prices in Poland were broadly flat in the week to Friday July 2, with local mills being largely sold out for July rolling and mulling new rises for August, sources have told Fastmarkets.Major domestic rebar producers in Poland were reported to have no July volumes remaining.Demand in the local market continued to be strong, despite rebar prices being at historic highs, driven...Read More
The export market for pig iron from the Commonwealth of Independent States was muted during the week to Thursday July 1 because both buyers and suppliers preferred to wait for the result of Russia's export duties on supply to become clearer. Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $610-630 per tonne on Thursday, narrowing downward fro...Read More
An overview of the aerospace materials markets and the latest price moves.Cristina Belda and Dalila Ouerghi...Read More
European Metal Recycling (EMR) is to transform its dock operations in Scotland with a multi-million-pound development that will make it more competitive and reduce carbon emissions, the company announced on Monday June 28.The 11.5-acre site at Berth 10 of the West Quay at Glasgow's King George V dock will be EMR's most innovative deep-sea dock in the UK, allowing the company to transfer material i...Read More
Turkish deep-sea scrap import prices fell at the end of the week after a fresh cargo from the Baltic Sea came to light, market participants told Fastmarkets on Friday July 2.A steel mill in the Izmir region booked the Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $495 per tonne and 5,000 tonnes of bonus at $510 per tonne cfr, late on Thursday July 1.This was fourth the deep-sea...Read More
Turkey secured up a fourth deep-sea steel scrap purchase at a discount, compared with its previous three previous cargo buys, in the week to Friday July 2, while activity in other global markets was comparatively subdued.Turkey secured four deep-sea cargoes, from Europe and the United StatesUS exporters kept export prices above $500 per tonne; international mills were forced to compete with the vi...Read More
Prices for shredded steel scrap imported into India and Pakistan rose in the week to Friday July 2, with trading activity focusing on the Pakistan market over India. In the Pakistan imported scrap market, sellers achieved higher shredded prices this week following solid rebar sales. Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $539.51 per...Read More
Hot-rolled coil prices in the United States topped $87 per hundredweight for a second consecutive day, with mills still unable to meet surging demand, market participants said.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $87.74 per cwt ($1,754.80 per ton) on Friday July 2, up 0.29% from $87.49 per cwt on Thursday July 1 and up 3.54% from $84.74 per cwt on June 25.I...Read More
Indian domestic hot-rolled coil prices have corrected by about 1,500 rupees ($20) per tonne after incentives were offered by steel mills to distributors in the face of poor demand for HRC.Fastmarkets' price assessment for steel HRC, domestic ex-warehouse India was 67,000-69,000 rupees ($899-926)per tonne on July 2, down from last week's 68,500-70,500 rupees per tonne. "Price support has been offer...Read More