Japanese steel scrap export prices fell again in the week to Thursday November 18, after lower-priced deals to South Korea emerged, sources told Fastmarkets.A major South Korean mill purchased about 30,000 tonnes of Japanese steel scrap at bid prices that it had lodged earlier this week, sources told Fastmarkets on Thursday.On Wednesday, the mill bid at ?49,500 ($432) per tonne fob for H2 scrap,...Read More
Turkish steel producers have resumed their deep-sea scrap import bookings with a single cargo deal, sources told Fastmarkets on Thursday November 18.A steel mill in the Marmara region booked a United Kingdom cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $488 per tonne and 5,000 tonnes of shredded at $507 per tonne cfr.The previous...Read More
Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.It is to collaborate on the research and development of fossil-free steel with automotive safety supplier Autoliv for use in products such as airbags and seatbelts, it said on November 15."We are looking forward to working...Read More
Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.?EUR?Bangladeshi import prices ease downward?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr?EUR?Lack of demand for scrap in China due to hot metal being mor...Read More
Seaborne coking coal prices in the cfr China market dropped further on Thursday November 18 after domestic cargoes plunged due to weak demand, while the fob Australia coking coal market continued to be quiet without firm buying interest, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $523.84 per tonne, down $26.35 per tonneHard coking coal, cfr Jingtang: $348.75 per...Read More
Iron ore prices fell in China on Thursday November 18 in response to a new round of controls imposed on blast furnace operation and emissions restrictions in the city of Handan in Hebei province, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $87.27 per tonne, down $3.81 per tonne62% Fe low-alumina fines, cfr Qingdao: $88.26 per tonne, down $3.04 per tonne58% Fe fines high-gr...Read More
Spot prices for hot-rolled coil in China continued to move lower on Thursday November 18, while futures prices resumed their decline amid increasing demand concerns.DomesticEastern China (Shanghai): 4,650-4,700 yuan ($729-736) per tonne, down by 30-40 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Thursday, reversing gains from the previous day's...Read More
Restocking demand kept China's domestic rebar prices from falling further on Thursday November 18.Domestic Eastern China (Shanghai): 4,660-4,690 yuan ($731-735) per tonne, unchangedSeveral trading companies raised their procurement rates during the day to build up their inventories, market sources said.After weeks of destocking, traders do not have a lot...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, in-whs...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...Read More
An overview of the consumer electronics markets and their latest price moves on Wednesday November 17.Ruby Liu and Zihao...Read More
Key data from the Wednesday November 17 pricing session in China.Key drivers China's spot cobalt metal price fell amid a decline in local futures prices, while downstream demand was curbed by still high spot levels. Cobalt tetroxide prices in China were flat amid limited trading activity. Though most sellers would like...Read More
The European Commission (EC) has set definitive anti-dumping duties at rates of 10.2-35.3% on imports of stainless steel cold-rolled flat products originating in India and Indonesia.This decision, which was published in the Official Journal of the EU on Thursday November 18, follows the imposition of preliminary duties on May 27.The EC calculated preliminary anti-dumping duties on products from In...Read More
Chinese nickel sulfate producers face difficult annual contract negotiations for 2022, with upstream miners taking an aggressive stance while downstream battery precursor material producers are hinting at lower demand amid plans to implement integrated operations.The Chinese nickel sulfate price has undergone considerable volatility in 2021, climbing in August to its highest since Fastmarkets bega...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Equity indices are responding to a surge in COVID 19 cases in Europe.The Canadian Dollar was virtually unchanged at US 79.12 cents after release of Canadian September Retail Sales at 8:30 AM EST. Consensus was an drop of 1.7% versus a gain of 2.1% in August. Actual was a drop of 0.6%. E...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
A summary of London Metal Exchange warrant premiums for the week to Wednesday November 17.Please click...Read More
Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More
Chinese metals production and processing group Daye Nonferrous will postpone the start of operations at its new double-flash copper smelter for six months because of a lack of essential buiding components that have been sourced from overseas, Fastmarkets has learnt.The 400,000 tonnes per year project in Huangshi, close to Wuhan, was scheduled to come online by the end of this year, but commissioni...Read More
The spot ferro-chrome market in China continued to weaken on Tuesday November 16 amid suppliers' efforts to destock, with prices now back to a level last seen in mid-July.Fastmarkets' weekly assessment of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China was 9,600-10,200 yuan ($1,503-1,597) per tonne on Tuesday, down by 400-700 yuan per tonne from 10,300-10,600 yuan per tonne a week earlier. The l...Read More