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, $/lb at...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.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 20.10-20.70 on...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
Key data from Fastmarkets' pricing session in Europe on Wednesday June 16.Key drivers The ferro-titanium market was steady for the third consecutive week amid signs of consumers returning for feedstock for their third-quarter steel-smelting schedules. Spot business was quiet, with only one deal below 10 tonnes reported.Ferro-titanium suppliers are...Read More
European buyers of hot-rolled coil have been holding back from making deals for material, awaiting the European's Commission decision on import safeguard measures and clarity in the global market, sources told Fastmarkets on Wednesday June 16.Some buyers were still willing to accept current offer prices if they needed to restock specific materials, or if they were able to secure back-to-back deals...Read More
European buyers of hot-rolled coil have been holding back from making deals for material, awaiting the European's Commission decision on import safeguard measures and clarity in the global market, sources told Fastmarkets on Wednesday June 16.Some buyers were still willing to accept current offer prices if they needed to restock specific materials, or if they were able to secure back-to-back deals...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.European non-integrated steel traders and wire rod processors strongly oppose the European Commission's proposal to extend import safeguard measures for three more years, claiming that the decision neglects the interests of...Read More
London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More
The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...Read More
Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More
Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More
Ferrous scrap prices in Mexico continued to rise across nearly all grades in the week ended Friday June 11, with most consumers struggling to secure volumes.Both the obsolete and prime grades are in heavy demanded, with the market outlook for most steel products positive.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,200 pesos ($566)...Read More
The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...Read More
Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More
The latest data for the global manganese ore market for the week ended June 15, 2021. Read More
The debut of Zijin Mining 's new Serbian copper mine has been postponed to the fourth quarter of 2021, local media See News reported on Tuesday June 15. Citing a statement from Serbia's mining ministry on Monday June 14, the mine in the Cukaru Peki Upper Zone of Serbia's Timok copper-gold project has received approval to construct the mining facilities and execute mining operations, the...Read More
Key data from the pricing sessions in Asia, Europe and the United States in the week to Tuesday June 15.China Domestic spot ferro-chrome prices rose again after suppliers increased their offer prices due to supply tightness and power restrictions in Inner Mongolia and some southern regions.Momentum in the domestic ferro-chrome market and robust demand from stainless-steel makers encouraged...Read More
Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More
Keen selling was seen across the London Metal Exchange and throughout the day on Tuesday June 15, which took the price of copper to its lowest level since late April this year.Copper's three-month closing price was $9,569 per tonne, showing a 4% decrease from Monday's closing price of $9,971.50 per tonne.Its intraday low of $9,511 per tonne was the lowest price for copper since April 23, while the...Read More
Aluminium premiums moved in different directions on Tuesday June 15, with Rotterdam premiums resuming their uptrend, the Japanese premium ticking downward from its multi-year high, and premiums in the US and Brazil steady.Rotterdam duty-unpaid ticks up againMJP premium declines on cheaper dealsUS Midwest premium steady for two weeksBrazil premium flat on thin liquidity.European premiums strong des...Read More