Silicon prices fell for a second consecutive week in the United States, with some domestic buyers saying the global price rally had ended after prices retreated from early November's all-time high.But prices in China, where the rally originated, have begun to move in the opposite direction, posting gains in the week to Friday November 19."The panic is over, prices have come down and I have ze...Read More
The price of stainless steel in the European domestic market remained unchanged this week, but ongoing tightness could see prices move up before the end of the year, sources told Fastmarkets on Friday November 19.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 base price domestic, delivered Northern Europe was unchanged week on week at ?,?1,850-1,900 ($2,09...Read More
The price of stainless steel in the European domestic market remained unchanged this week, but ongoing tightness could see prices move up before the end of the year, sources told Fastmarkets on Friday November 19.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 base price domestic, delivered Northern Europe was unchanged week on week at ?,?1,850-1,900 ($2,09...Read More
Importers of ferrous scrap were lured back to market in the week ended Friday November 19 by lower prices, which were precipitated by a period of lackluster buying activity.?EUR?Turkish mills' import prices rebounded by the week's end after deals at lower prices?EUR?US sales halted with exporters reluctant to reduce their selling prices?EUR?Vietnamese buyers were actively seeking more material aft...Read More
Hot-rolled coil prices in the United States continued their descent on Friday November 19, closing in on $88 per hundredweight ($1,760 per short ton) amid slowing demand while the end of the year approaches.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $88.42 per cwt ($1,768.40 per ton) on Friday, down by 1.82% from $90.06 per cwt on Thursday November 18 and down by...Read More
Importers of ferrous scrap were lured back to market in the week ended Friday November 19 by lower prices, which were precipitated by a period of lackluster buying activity.?EUR?Turkish mills' import prices rebounded by the week's end after deals at lower prices?EUR?US sales halted with exporters reluctant to reduce their selling prices?EUR?Vietnamese buyers were actively seeking more material aft...Read More
The risks that the Chinese government will introduce export duties on steel products will increase if export volumes surge when prices stabilize again after the recent decline, market sources told Fastmarkets over the week to Friday November 19."A sharp rebound in export volumes will draw attention from the central authorities," a Shanghai-based trader said.Fears have emerged that the Chinese gove...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
Key data from Fastmarkets' pricing sessions in China, India, Europe and the United States on Friday November 19.China The spot silico-manganese and ferro-manganese markets continued to fall this week, following the sluggish futures and downstream steel markets. Alloy producers have been considering production cuts to avoid financial losses under high electricity rates and falling alloy prices.&nbs...Read More
Taiwanese buyers of imported containerized ferrous scrap from the United States have returned to the spot market after a brief absence last week to wait out price falls.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20 mix), US material import, cfr main port Taiwan was $445-452 per tonne on Friday November 19, unchanged from Thursday and down by $3-1...Read More
An overview of the specialty steel raw materials markets in Europe and the latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Eastern China's rebar prices increased slightly on Friday November 19 following futures' gains due to heightened market expectations that banks will loosen loans to housing companies.Domestic Eastern China (Shanghai): 4,670-4,710 yuan ($732-738) per tonne, up by 10-20 yuan per tonneNorthern China (Beijing) weekly assessment: 4,440-4,480 yuan per tonne, down by 80-120 yuan per tonneMarket participa...Read More
A large gap between bids and offers for deep-sea steel scrap imported into South Korea has blocked any chance of deals for the material in the past week, sources told Fastmarkets on Friday November 19.South Korean mills reduce bid pricesTokyo Steel announces drop in domestic scrap buy pricesMajor steelmakers in China lower local scrap buy prices again; buyers' interest for imports minimalSouth Kor...Read More
Key data from Fastmarkets' pricing session in London on Friday November 19. Key-drivers ?EUR?The European ferro-tungsten edged higher for the second consecutive session on increased spot market interest and rising offers from producers, both in China and in Russia. Tighter concentrates supply from China was also supporting higher prices. The price started the week at $36-38 per kg and has moved u...Read More
China's Ministry of Industry & Information Technology (MIIT) is conducting a public consultation on its proposed standards of the lithium-ion battery industry. The proposed standards - released on Thursday November 18 - detail the requirements for battery energy density and specific capacity.In the proposal, the energy density for consumer electronics batteries need to stay above 260 watt hour (Wh...Read More
Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents...Read More
Brazilian aluminium maker Companhia Brasileira de Alum?-nio (CBA) expects demand for extrusion billet, its most important primary product, to remain steady - at least - during 2022, after significant growth was reported in 2021, head of primary aluminium division Alexandre Vianna said on Friday November 19.A surge in the country's billet consumption came alongside heated construction market, which...Read More
An overview of the new energy materials markets and their price moves in the week to Friday November 19.Susan Zou, Yingchi Yang and...Read More
Prices for cold-rolled and galvanized steel sheet in the United States tumbled, partially catching up with the accelerating downturn in pricing for hot-rolled coil substrate, which has declined by more than 8% from its peak two months ago. Fastmarkets' weekly pricing assessment for steel cold-rolled coil, fob mill US skidded to $104 per hundredweight ($2,080 per short ton) on Thursday Novembe...Read More
Turkish steel scrap import prices recovered with a fresh European cargo deal heard at the end of the week, market participants told Fastmarkets on Friday November 19.A steel mill in the Marmara region booked a European cargo comprising HMS 1&2 (75:25) at $486 per tonne and bonus at $506 per tonne cfr. The cargo composition was not clear at the time of publication. The previous deep-sea deal was he...Read More