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,...Read More
The United Kingdom inter-merchant light iron steel scrap spot price was steady for the third consecutive week on Friday November 19, but strong demand is expected to push up prices by the end of the month against relatively tight supply, trade sources said.The UK market is at its highest level so far this year and any move up to ?200 ($270) per tonne would be the first time the British market has...Read More
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
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
China's biggest steelmaker, Baowu, has set up a global alliance with some of the world's major steel producers and miners, to develop and promote a low-carbon steel industry.Announcing the establishment of the Global Low Carbon Metallurgical Innovation Alliance (GLCMIA) at its expo center in Shanghai on Thursday November 18, Baowu said the alliance would work together to accelerate and promote the...Read More
Bulk freight rates for key steel products have receded over recent weeks amid shrinking port congestion in China and improved vessel availability, sources have told Fastmarkets.A slowdown in Chinese commodity imports, coming at a time of crashing steel prices in the country, has allowed congestion at the country's ports to unwind in recent weeks, markets participants said.Freight rates first dropp...Read More
Bulk freight rates for key steel products have receded over recent weeks amid shrinking port congestion in China and improved vessel availability, sources have told Fastmarkets.A slowdown in Chinese commodity imports, coming at a time of crashing steel prices in the country, has allowed congestion at the country's ports to unwind in recent weeks, markets participants said.Freight rates first dropp...Read More
Aluminium billet premiums were steady across the globe on Friday November 19, remaining close to all-time highs.EuropeEuropean billet premiums are unchanged this week at record highs but liquidity is low, with most buyers covered until the end of the year.Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,450-1,500 per tonne on November 19, unch...Read More
Although sentiment in the US carbon steel plate market has grown less decidedly bullish in recent weeks, the price has held steady at its all-time high - surpassing hot-rolled coil for the first time in more than a year.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US held at $90 per hundredweight ($1,800 per short ton) on Friday November 19, unchanged for two...Read More
Aluminium billet premiums were steady across the globe on Friday November 19, remaining close to all-time highs.EuropeEuropean billet premiums are unchanged this week at record highs but liquidity is low, with most buyers covered until the end of the year.Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,450-1,500 per tonne on November 19, unch...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday November 19.China?EUR?Weaker downstream steel demand was the principal driver of the decrease in China's ferro-silicon price. Due to the normal steel purchase off-season, demand for steel was not at a high level. Besides, with the heat supply period beginning in northern China, steel production will be und...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Zihao Li and...Read More
Slab export prices from Brazil remained stable in the week to Friday November 19, amid an ongoing tug of war between producers and sellers on prices for January-shipment batches.Few volumes are available in the spot market, but uncertainty in most steel markets are leading negotiations to a deadlock.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $730-760 per...Read More
European automotive producers are driving the demand for steel grades involving reduced generation of carbon dioxide, in their attempts to reduce supply-chain emissions, and are teaming-up with steelmakers to explore the emerging green steel prototypes.Pressure to meet climate targetsAn estimated 20% of the automotive industry's emissions come from the manufacturing stage, according to CDP - forme...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
Slow demand and cheaper imports have quashed attempts by steel rebar producers in Poland to boost prices, sources told Fastmarkets on Friday November 19.Trading activity in the Polish rebar market has been slow this week, those sources said - because local distributors and stockholders have enough material in stock, they have not been looking to make bookings.As well, end-user demand from the cons...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
An overview of the specialty steel raw materials markets in Europe and the latest price moves.Janie Davies, Dalila Ouerghi,...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Zihao Li and...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