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 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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Prices for imported ferrous scrap to China increased on Friday May 7 amid transactions heard concluded at $527-529 per tonne cfr northern China.Offers were heard at $530-535 per tonne cfr northern China for HRS101 ferrous scrap, which is equivalent to around $520-525 cfr eastern China. The offer prices were up by $5 compared with a day earlier.There were limited bids heard on Friday because China...Read More
Buyers of containerized ferrous scrap in the key Taiwanese market paid higher for imported cargoes over the week despite attempts to resist price increases.Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $440-445 per tonne on Friday May 7, increasing by $5-10 per tonne from a day earlier and up by $17-20 pe...Read More
Import prices for ferrous scrap in Vietnam increased during the week to Friday May 7 on bullish sentiment in the spot market, and could break the $500-per-tonne-cfr-Vietnam mark for bulk cargoes, industry sources told Fastmarkets.Japanese H2 scrap cargoes were offered at $480-490 per tonne cfr Vietnam, up $10 per tonne week on week. But not many cargoes were offered because sellers are awaiting th...Read More
The Chinese import market for steel billet continued its rapid climb over the past seven days, with healthy demand being supported by soaring steel prices in the country.Chinese steel prices have spiked again this week, with hot-rolled coil prices setting domestic records and rebar prices leaping closer to 2008's all-time highest level.At the heart of the latest rise in rebar prices have been expe...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 5 that are worth another look.German steel companies Thyssenkrupp Steel and H? 1/4 ttenwerke Krupp Mannesmann (HKM) and the Port of Rotterdam Authority are to jointly investigate setting up international supply chains for hydrogen.AfriTin Mining will increase production at its fledgling...Read More
Pharmaceutical ETF PPH moved above $70.79 to an all-time high extending an intermediate uptrend. Gold stocks are responding to higher gold prices. Barrick Gold, a TSX 60 stock, moved above Cdn$28.88 extending an intermediate uptrend.Another Canadian Gold stock breakout! Yamana Gold moved above Cdn$6.20 extending an intermediate uptrend. Junior Gold ETF (GDXJ) moved above $51.19 extending an interm...Read More
Base metals prices on the London Metal Exchange were a bit more mixed this morning, Thursday May 6, while the return of trading on the Shanghai Futures Exchange after the Labor Day holidays saw good gains in all metals apart from zinc.* Markets generally buoyant - perhaps not so surprising when the two largest economies, China and the United States could grow 6% or more this year...* ...but you ha...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade.PayPal added $9.75 to $257.15 after reporting higher than consensus first quarter earnings.Magna International (MG Cdn$115.04 ) is expected to open higher after reporting higher than consensus first quarter revenues and earnings.Manulife (MFC Cdn$27.19 ) is expected to open higher after re...Read More
The European manganese alloy markets climbed strongly over the week to Friday April 30, propelled by strong spot demand from consumers in the steel sector as well inter-merchant trade.Prices for both silico-manganese and high-carbon ferro-manganese hit ?,?1,300 per tonne delivered at the top of their respective price ranges on Friday, a level last seen in each market more than four years ago in ea...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Pakistan rebar producer Amreli Steels has increased its annual production of reinforcing and round bars to 400,000 tonnes per year after Primetals Technologies supplied it with a new bar mill, the companies said.Amreli Steels' mill, based in Karachi, issued a final acceptance certificate in February 2021 for the bar mill from Primetals Technologies. Previously, Amreli Steels' mill had a capacity o...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in April 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February and...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More
Mexican steel scrap prices rose marginally in the week ended Friday April 30 amid strong demand, although some market participants believe prices are facing limited upside.Prime grade scrap prices were mostly stable amid tight supply due to a gradual recovery in Mexico's manufacturing sector, which generates scrap.There were increased reports of exports of busheling grades to the United...Read More
Supply tightness continued to drive the Midwest premium in the United States to a new record high on Tuesday May 4, while more bearish sentiment resulted in European premiums being unchanged from the previous week but still at a six-year high level.US Midwest sets new record-high levelRotterdam premiums stable at multi-year highsMJP, South Korea premiums unchanged amid holidays, thin tradingBrazil...Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 4.Please click...Read More