Iron ore prices were up slightly on Friday June 11 amid concerns over supplies of both iron ore and steel in the Chinese domestic market, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $219.26 per tonne, up by $2.42 per tonne62% Fe low-alumina fines, cfr Qingdao: $221.25 per tonne, up by $2.21 per tonne58% Fe fines high-grade premium, cfr Qingdao: $192.78 per tonne, up by $0.8...Read More
Hot-rolled coil prices in China's domestic market continued their ascent on Friday June 11, with growing supply concerns fueling sharp increases in the ferrous futures market.DomesticEastern China (Shanghai): 5,610-5,650 yuan ($878-884) per tonne, up by 10-30 yuan per tonne.Northern China (Tangshan): weekly assessment: 5,540-5,580 yuan per tonne, narrowing upward by 20 yuan per tonne.The ferrous c...Read More
Domestic rebar prices in eastern China continued rising on Friday June 11 due to market participants' concerns over production restrictions creating a wider range and ending the week up by 40 yuan ($6) per tonne week on week.DomesticEastern China (Shanghai): 5,070-5,100 yuan ($793-798) per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,070-5,120 yuan per tonne, down by...Read More
Zinc and lead made the biggest gains on June 11 morning amid a low dollar index following the inflation readings released on Thursday and comments from trading house Trafigura lending support to all metals at the end of the week. LME three-month zinc hit $3,040 per tonne on Friday at 9am, from $2,995 per tonne at Thursday's close, while LME three-month lead was back above the $2,200-per-tonne psyc...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
An overview of the aerospace materials markets and the latest price moves.Charlotte Radford and Michael Greenfield in...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.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,...Read More
Key data from Fastmarkets' pricing session in China on Friday June 11.Key drivers: The antimony price in China picked up with producers raising offer prices amid increased inquiries from traders and downstream consumers. Sources said that downstream antimony-trioxide...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
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
The price of stainless steel flat products in Europe surged during the week to Friday June 11 because of an acute supply shortage, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?3,350-3,400 ($4,077-4,138) per tonne on Friday, up ?,?200 from ?,?3,150-3,200 per tonne a week ear...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More
The European Commission (EC) will extend the existing safeguard measures on 26 steel products imported into the European Union by three years, market sources told Fastmarkets on Friday June 11.Quota volumes for all 26 steel products will increase by 3% year on year - lower than the 5% rise expected by market participants.The draft document of the adjusted measures was released to member states on...Read More
Steelmakers in South Korea entered the market to pick up two deep-sea cargoes from the United States at higher prices over the past week, sources told Fastmarkets on Friday June 11.South Korean scrap buying prices were buoyed by hot finished steel demand in the country and a rise in Japanese export prices following Wednesday's Kanto Tetsugen auction.A South Korean steelmaker booked a 30,000-tonne...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More
Base metals prices on the London Metal Exchange were little changed at the 5pm close of trading on Thursday June 10, with slight increases for aluminium and nickel, while prices dipped elsewhere on the complex.The three-month copper price fell by 0.9% to $9,890 per tonne during Thursday trading, down from $9,978.50 per tonne at Wednesday's 5pm close, despite reaching an intraday high of $9,992.50...Read More
After a one-month consultation period, Fastmarkets has amended the timing specifications for its assessment of Italian SHG (special high grade) zinc premiums.The frequency of the assessments, which are currently weekly, will move to a fortnightly basis after the next assessment date on June 15. The change is due to the Italian zinc market being largely centered around long-term contracts...Read More
The emergence of an additional Wednesday deep-sea scrap purchase by a Turkish steel mill has helped to keep prices on a upward trend, sources told Fastmarkets on Thursday June 10.The cargo from Canada was booked by a still mill in the Iskenderun region, comprising 9,500 tonnes of HMS 1&2 (95:5), 7,500 tonnes of rails and 12,000 tonnes of plate & structural (P&S) scrap at an average price of $...Read More
The latest deals for containers of steel scrap imported into Bangladesh over the past seven days have shown small price increases from deals in the previous week, sources told Fastmarkets on Thursday June 10.Overall scrap demand in the country remained low, particularly given the start of the monsoon season this month, but sources said that buyers in the container market have been forced to raise...Read More