Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 12, but those on the Shanghai Futures Exchange were mainly firmer while they followed Thursday's strong gains on the LME.Geopolitical tensions rise after the United States warns the European Union that Russia might invade Ukraine.Given the EU has become rather dependent on Russian natural gas, Russia may f...Read More
Brazilian slab export prices increased in the week ended Friday November 12, with producers raising offers but negotiations slow due to uncertainty in the flat steel markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $730-760 per tonne on Friday November 12, up from $730-740 per tonne a week before.Offers were reported at $740-760 per tonne fob, with the...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...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...Read More
The market for pig iron exports from the south of Brazil remained stable during the week ended Friday November 12 due to limited trading.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $500-510 per tonne on Friday, unchanged week on week.Read More
Another sharp drop in the Chinese domestic ferrous markets this week has created further pessimism in the market that import prices may continue to drop, although fundamentals have remained much more solid in Southeast Asia, sources told Fastmarkets on Friday November 12.Local rebar and billet prices crashed again this week amid weak futures markets, led by a dismal performance in coal contracts,...Read More
Automotive and industrial supplier Schaeffler has signed an off-take agreement with Sweden's H2 Green Steel (H2GS) to purchase 100,000 tonnes of its near-zero CO2- free steel on an annual basis from 2025, the company announced earlier in the week.The steel will be produced via direct reduction with hydrogen from renewable energy, replacing coking coal and reducing emissions by 95% in comparison wi...Read More
A wide gap between bids and offers in the major deep-sea markets for ferrous scrap prevented deals being made for much of the week ended Friday November 12, sources have told Fastmarkets.?EUR?Turkey steelmakers struggle to buy December-delivery scrap?EUR?US suppliers resist lower bids amid tight supplies?EUR?Vietnam quiet amid volatile markets?EUR?Bids, offers remain far apart in cfr China market?...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
A summary of German steelmaker Salzgitter's financial results for the third quarter of 2021, running from July 1 to September 30.In briefRecovery in the European flat steel market and high steel prices led to a strong performance in the third quarter, particularly in the Strip Steel and Trading units of the company, Salzgitter said on Friday November 12.A strong economic upswing in the first half...Read More
The second- and third-largest tin producers in the world, PT Timah and the Malaysian Smelting Corporation (MSC), both reported strong financial results for the nine-month period to September 2021 on record-high tin prices. In the January-September period of 2021, the London Metal Exchange Tin Cash price averaged $30,039 per tonne, nearly doubling the average of $16,556 per tonne from the same peri...Read More
Domestic steel rebar prices in Poland held stable during the week to Friday November 12 amid slower buying activity, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was unchanged week on week at 3,700-3,750 ($917-929) zloty per tonne on Friday.Trading activity was rather slow over the past seven days, partially due to a shorter working...Read More
Brazilian domestic flat steel prices dipped in November after a series of discounts and amid weakening market demand.Steel producers started granting discounts on spot prices for coil in late September and October, which sparked a fight for market share among sellers, leading to additional price reductions.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Braz...Read More
Domestic prices for steel rebar have been reduced in Brazil for November orders, with previous discounts from mills consolidating at even lower levels, Fastmarkets heard on Friday November 12.Market participants were still seeing room for a price increase given the much higher import offers, and there were reports of some attempts for a 7% rise, but delivery at stable prices until the year-end was...Read More
Steel wire rod prices were largely unchanged in the week ended Friday November 12, but mills are mulling an attempt to increase offers for December, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was stable at 3,850-3,950 zloty ($954-979) per tonne on November 12.Trading during the assessment period was slower than the...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was steady for the second consecutive week as of Friday November 12, with tight supplies from lower scrap generation and competitive dockside trading supporting the British domestic market, trade sources said.The UK market has also garnered support from domestic monthly prices into British steelworks that settled ?20-25 ($27-33)...Read More
Seaborne lithium carbonate prices continued to rise in East Asia on the strength of the Chinese market in the week to Thursday November 11, with tight spot supply providing additional support.?EUR? Battery-grade lithium carbonate prices in East Asia's seaborne market catching up with prices in China; lithium hydroxide prices stable.?EUR? China's lithium prices steady ahead of next round of month-e...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 12, but those on the Shanghai Futures Exchange were mainly firmer while they followed Thursday's strong gains on the LME.Geopolitical tensions rise after the United States warns the European Union that Russia might invade Ukraine.Given the EU has become rather dependent on Russian natural gas, Russia may f...Read More
United Kingdom monthly price settlements for steel scrap deliveries into domestic steelmakers increased by ?20 ($26.78) or ?25 per tonne for November, depending on grade, on tight supply due to fewer arisings from new car production, and strong British scrap export markets.Scrap suppliers won increases of ?25 per tonne for low residual and clean grades of scrap, and around ?20 per tonne for ot...Read More