Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
China's domestic rebar prices stopped rising on Tuesday April 27 because buying interest dropped after Monday's price hike, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($802-806) per tonne, unchangedEnd users felt it was difficult to keep high procurement rates at their current prices and they bid lower, a trader in Shanghai said. Sellers maintained prices because t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Turkish steel mills have started buying deep-sea scrap again at steady prices for shipment in June, market participants told Fastmarkets on Tuesday April 27.A steel mill in the Marmara region booked a Baltic Sea cargo consisting of 25,000 tonnes of HMS 1&2 (80:20) at $427.50 per tonne cfr.This compared with the most recent deep-sea transactions heard on April 21, when two Baltic Sea suppliers secu...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Ferroglobe will restructure its ferro-alloys production plants in France and Spain, which will affect manganese alloys, silicon and foundry alloys output near term, the company told Fastmarkets.Spain-based Ferroglobe has the production capacity for more than one million tonnes per year of ferro-alloys, such as manganese alloys, ferro-silicon, ferro-silicon magnesium, as well as foundry alloys such...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Prices for imported rebar in Singapore might come under downward pressure from new restrictions being imposed in the country amid a spike in Covid-19 infections, sources told Fastmarkets last week.The resurfacing of Covid-19 cases at dormitories for foreign workers in Singapore has led to the issuance of quarantine orders, as well as travel restrictions on those arriving from India."This does not...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Cobre Panama, the copper industry's most recent major greenfield project, reported record production in the first quarter after it put disruptions related to the Covid-19 pandemic behind it, First Quantum Minerals said. The mine in Colon Province, 120km west of Panama City, achieved copper output of 82,042 tonnes in the three months ended March 31, an increase of 46% from the year-earlier period....Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 27.Please click...Read More
Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.Suppliers of top-grade copper scrap in the Asia-Pacific region were selling candy and berry at thin discounts to the price of refined copper, as traded on the London Metal Exchange over the past m...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More
Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More
Chinese steel mills are likely to import more pig iron, hot-briquetted iron (HBI) and steel scrap to feed basic oxygen furnaces in 2021 due to the stringent restrictions imposed on blast furnaces in China, market participants told Fastmarkets recently.The China Iron & Steel Association (Cisa) is actively advocating more cuts to the country's pig iron production to achieve this year's goal of reduc...Read More
Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.Suppliers of top-grade copper scrap in the Asia-Pacific region were selling candy and berry at thin discounts to the price of refined copper, as traded on the London Metal Exchange over the past m...Read More
The price of nickel on the London Metal Exchange was some $40 per tonne short of the $17,000 per tonne mark at the close of trading on Tuesday April 27, while most other base metals' prices also finished higher day on day, boosted by a recent rise for copper.Nickel's three-month price was up by 1.8% to $16,963 per tonne on Tuesday, after rising by roughly $300 per tonne each day since last Thursda...Read More
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao, rose to a new record high on Tuesday April 27 with iron ore prices all going up further. The 62% Fe index has been above the previous high of $183.59 per tonne, set in January 2011, since April 20.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $195.31 per tonne, up by $1.73 per tonne62% Fe low-alumina fines, cfr Qingdao: $196.35 pe...Read More