The latest forecasts from Fastmarkets' team of analysts is ready to view.With nickel prices down by almost 20% over the space of around ten days during late February and early March, one might have been expecting us to be reporting sharply-lower prices of stainless steel, at least for the most common nickel-containing grades of stainless steel.This is not the case, at least in Europe and the Unite...Read More
Aluminium billet premiums across the globe were at multi-year or all-time highs on Friday April 9 due to supply tightness, logistics issues and firm demand.EuropeBillet premiums in Europe continue to rise, with sellers increasing their offers and supply exceptionally tight. Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $750-800 per tonne on Fr...Read More
Base metal futures prices roundly dropped day on day on Friday trading in London but ended largely higher than the week while markets continue to digest mixed news out of China and the United States.At $2,264 per tonne, the three-month aluminium price was down by 0.94% against Thursday's 5pm close but was up 1% against Tuesday's market open of $2,240 per tonne.The three-month copper price closed a...Read More
KAZ Minerals will be taken private after acquirer Nova Resources received enough shareholder votes to accept its $5.6 billion offer for the company.As of 1pm on April 9, Nova Resources - a vehicle backed by KAZ Minerals chief executive officer Oleg Novachuk and Kazakhstan's richest man, Vladimir Kim -owned or had had offer acceptances for shares representing 89.17% of the company at 850 pence ($11...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 9. China China's ferro-silicon price has fallen, in line with steel mills' lower tender prices for 72%-grade alloy and ample inventories, with less inquires and deals made.Export prices also fell during the past week, with overseas demand remaining subdued....Read More
KAZ Minerals will be taken private after acquirer Nova Resources received enough shareholder votes to accept its $5.6 billion offer for the company.As of 1pm on April 9, Nova Resources - a vehicle backed by KAZ Minerals chief executive officer Oleg Novachuk and Kazakhstan's richest man, Vladimir Kim -owned or had had offer acceptances for shares representing 89.17% of the company at 850 pence ($11...Read More
Copper smelters were still looking for May and June shipments this week, while traders were also actively acquiring copper concentrate in the tightly supplied market, sources told Fastmarkets on Friday April 9.Fastmarkets' copper concentrates treatment charge/ refining charge(TC/RC) index, cif Asia Pacific, dropped to low $20s/2 cents this week for the first time.Smelters in China have been b...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.High supply hits Turkish import market again US export prices rise in sales to Turkey Vietnamese import prices keep rising despite calmer steel markets Chinese buyers re-enter market for bulk cargoes at higher prices Taiwan import prices stabilize following recent rises In...Read More
The price for UK light iron scrap narrowed upward in the week to Friday April 9 as a result of the rising international market in key export destinations, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?145-155 ($199-213) per tonne on Friday, up by ?5 per tonne on the low end of the range from ?140-155 per t...Read More
Copper smelters were still looking for May and June shipments this week, while traders were also actively acquiring copper concentrate in the tightly supplied market, sources told Fastmarkets on Friday April 9.Fastmarkets' copper concentrates treatment charge/ refining charge(TC/RC) index, cif Asia Pacific, dropped to low $20s/2 cents this week for the first time.Smelters in China have been b...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Lithium prices across the globe have been moving up slowly over the week to Thursday April 8 while the market is keeping an eye on the potential impact of fresh new market restrictions in Chile, sources told Fastmarkets.The battery-grade lithium hydroxide price in the domestic Chinese market continued to edge higher, with some key suppliers claiming to have sold out prompt cargoes and expecting fu...Read More
The one-month border closure and tightened restrictions in Chile are not likely to impact the lithium operations in the country, two incumbent producer sources told Fastmarkets. "Thanks to the preventive measures we have taken, many of which were agreed upon by the communities near our Salar de Atacama Plant, we continue to operate normally at our sites in Chile with no impact to our production or...Read More
The South American flat-rolled steel import market strengthened during the week ended Friday April 9, with clients accepting what little material was available from China and other origins at higher prices."Customers on the South American Pacific coast seem to be increasingly anxious that they may not be able to receive firm offers for June shipment from Chinese mills [and] already started to acce...Read More
Hot-dipped galvanized and pre-painted galvanized iron, or color coated coil, prices in Turkey increased further in the week to Friday April 9, on continuing strong demand in both the domestic and export markets, sources told Fastmarkets.Demand is strong for HDG exports especially in Europe, sources said.Prices for hot-rolled coil - the base product for coated coil - have also been rising.Fastmarke...Read More
Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More
Brazil's domestic steel rebar price rose again in April following an average 15% increase announced by mills, market participants said.Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil at 5,630-5,700 Reais ($1,006-1,019) per tonne on Friday April 9, up by 17.53% from 4,740-4,900 Reais per tonne a month earlier.New offers were mostly reported withi...Read More