Pig iron export prices from the south of Brazil increased due to new sales during the week to Friday April 9.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $520-525 per tonne on Friday, up by $10-20 from $500-515 per tonne the previous week.One sale...Read More
The United States' pig iron import market remained slow, with booking heard only from Brazil while a stand-off between buyers and suppliers from the Commonwealth of Independent States continued during the week to Friday April 9.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $560-570 per tonne on Thursday, up by $5 per tonne from $555-565 per tonne the previous we...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
Prices for shredded steel scrap imported into India and Pakistan rose in the week to Friday April 9 as a result of higher finished steel prices, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $456.38per tonne on Friday, up from $443.30 per tonne on April 1.Deals were heard at $445-450 per tonne and $455 per tonne this week,...Read More
Turkish steel producers continued to book deep-sea scrap cargoes for May shipment on Friday April 9, market sources said.A steel mill in the Iskenderun region booked a Canadian cargo comprising 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded at an average price of $436 per tonne cfr.This compares with a United States cargo sold a day earlier at $438 per tonne cfr on shredded basis.As...Read More
Iron ore prices were mostly stable on Friday April 9 due to weak liquidity in the seaborne market and a downtrend in steel prices, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.54 per tonne, up $0.44 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.01 per tonne, up $0.30 per tonne58% Fe fines high-grade premium, cfr Qingdao: $154.47 per tonne, down $0.31 per tonne65...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 specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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,...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 Rotterdam, $/lb...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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.Read More
Competitively priced imports from Asia could limit further prices increases for stainless steel flat products produced in Europe, despite ongoing tightness in the domestic market, sources told Fastmarkets on Friday April 9. Fastmarkets' assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?2,800-2,850 ($3,329-3,389) per tonne on Friday,...Read More
Jiangxi Copper has canceled its plan to construct a copper scrap processing plant in Malaysia, chairman Zheng Gaoqing said on Thursday April 8 in a conference call to investors. In 2019, Jiangxi Copper became the first Chinese company to receive approval to set up a 150,000-tonne-per-year copper facility in Malaysia to process low quality copper scrap including insulated copper wire (ICW). Th...Read More
Chinese ferrous scrap buyers are considering higher bids for imported heavy scrap, with steel mills in both east and northeast China looking to purchase more quantities in the coming weeks."Buyers in the northeast can bid as high as $485-500 per tonne cfr China," a trader in China told Fastmarkets.A buyer source at a south China-based steel mill said he was willing to purchase at $480-500 per tonn...Read More
Import prices for ferrous scrap in Vietnam are still increasing due to a strengthening downstream steel market, though the rate of increase has slowed, sources told Fastmarkets on Friday April 9.A higher auction price at Japan's Kanto Tetsugen, a cooperative of scrap dealers in the Tokyo area, will likely support further price increases.Bulk cargoes of Japanese H2 scrap were offered to Vietnam at...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 9. China Seaborne low- and high-grade manganese ore prices continued to trend downward amid thin liquidity. Participants from both sides of the market submitted lower assessments citing the relatively low price levels at portside markets and high stocks. Spot demand for portsid...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 8 that are worth another look.The European Union's second-quarter quota for steel imports opened just one week ago, and some long steel suppliers have already used a large portion of their allocations, with sources expecting long steel volumes to be absorbed very quickly,...Read More
Most futures prices on the London Metal Exchange saw a bounce at the close on Thursday April 8, following the retreat of the US Dollar Index. Nickel's three-month price resumed its upward trajectory on Thursday, reaching an intraday high of $16,875 per tonne - its highest level since early March. The metal closed at $16,828 per tonne, a 1.1% increase on its Wednesday reading of $16,636 per to...Read More
The build-up in expected times to deliver aluminium material out of London Metal Exchange warehouses in Port Klang has created a gap in warrant premiums for the metal unseen since Fastmarkets started covering the market in January 2017.Queue times at some warehouses are reported to be at three months, at least, in some Port Klang warehouses, with other traders telling Fastmarkets that the next ava...Read More