An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 10 that are worth another look.A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.China increased refined and...Read More
A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes. Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port. On the m...Read More
Turkish scrap import prices rebounded from the bottom with at least two fresh deep-sea transactions, market sources said on Wednesday February 10. A steel mill in the Iskenderun region booked a Baltic Sea cargo, consisting of 18,000 tonnes of HMS 1&2 (95:5) at $399.50 per tonne cfr. And a steel mill in the Marmara region booked a European cargo at $395 per tonne cfr for HMS 1&2 (80:20), although t...Read More
Base metals prices were putting in a strong performance on the last trading day before the Chinese New Year holiday, with all the metals, with the exception of an already strong tin, seeing gains this morning, Wednesday February 10.Bank loans in China were at new highs in January, with aggregate financing of 5.17 trillion yuan ($802 billion)Optimism grows while focus is on vaccine rollout and US s...Read More
Domestic prices in Europe for steel cold-rolled coil were fairly stable over the week to Wednesday February 10 because buyers have been holding back from making new deals until a settled price trend is seen, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?800-810 ($968-980) per tonne on February 10, unchanged over the week.The...Read More
Domestic prices for steel heavy plate started to decline across Europe over the week to Wednesday February 10 due to soft demand, sources have told Fastmarkets.Heavy plate prices had gone up by ?,?50 per tonne in the South and by ?,?60-70 per tonne in the North of Europe from mid-January to the start of February this year, due to rising costs for slab feedstock and some demand recovery.Fastmarkets...Read More
Domestic prices for steel hot-rolled coil across Europe were fairly stable over the week to Wednesday February 10, supported by good order books among EU steelmakers and good demand, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?708.33 ($856.64) per tonne on Wednesday, down by ?,?1.67 per tonne from ?,?710.00 per to...Read More
ArcelorMittal and Thyssenkrupp Steel have both recently announced successful testing of methods to reduce carbon emissions in blast-furnace steelmaking via coke gas and hydrogen, the companies have reported separately.ArcelorMittal has completed its coke gas injection project at the Alto B Furnace at its Gij??n operations, Spain. This is intended to reduce its CO2 emissions by 125,000 tonnes per y...Read More
Domestic steel rebar prices in Southern Europe continued to slide for the second week in a row amid slow demand and a downtrend in the scrap segment, sources told Fastmarkets on Wednesday February 10. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?595-615 ($722-746) per tonne on Wednesday, down by ?,?5 from ?,?600-620 pe...Read More
German metals distributor Kl??ckner & Co sees "extraordinarily strong operating income" in the first quarter of 2021 because of higher steel prices and recovering demand, it said on Tuesday February 9. "At the beginning of the current fiscal year the recovery in steel demand continued. In addition, price levels in Europe and the USA have continued to rise significantly," the company said. Kl??ckne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 10 that are worth another look.A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.China increased refined and...Read More
Turkish scrap import prices rebounded from the bottom with at least two fresh deep-sea transactions, market sources said on Wednesday February 10. A steel mill in the Iskenderun region booked a Baltic Sea cargo, consisting of 18,000 tonnes of HMS 1&2 (95:5) at $399.50 per tonne cfr. And a steel mill in the Marmara region booked a European cargo at $395 per tonne cfr for HMS 1&2 (80:20), although t...Read More
Export prices for Japan-origin steel scrap rose again over the seven days to Wednesday January 10 following a strong result in the Kanto Tetsugen auction and continued buying from China.The highest bid in the auction - which is a cooperative of scrap dealers in the Tokyo region - came in at ?39,271 ($375) per tonne fas on Wednesday.That price was down by ?5,480 per tonne month on month from Janu...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 10 that are worth another look.A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes.China increased refined and...Read More
The export billet price from the Commonwealth of Independent States region inched up on Wednesday February 10 after a booking to Turkey was heard done at higher levels. A cargo of CIS-origin billet was sold to Turkey at $530 per tonne fob Black Sea, several sources reported to Fastmarkets. This is up by $10-20 per tonne from previous sales heard earlier this month. This took Fastmarkets' daily ste...Read More
Iranian export prices for steel billet remained firm in the week to Wednesday February 10, with bookings heard within the same price range as was assessed by Fastmarkets in the previous week.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $510-520 per tonne fob on February 10, unchanged week on week.A cargo of 16,000 tonnes was reported sold at $520 per tonne fob...Read More
Molybdic oxide and ferro-molybdenum prices were back on an upward path during the first half of the week, mainly due to tight oxide availability, which has been heightened by recent shipping delays out of Chile. Fastmarkets' price assessment for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, rose by 2% on Wednesday February 10 to 11.50-11.70 per lb from $11.30-11.45 per lb on Febr...Read More
The market for higher grades of high-carbon ferro-chrome in Europe rose strongly in the week ended Tuesday February 9 due to a shortage of available material while suppliers focused their attention on Asia.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, rose by $0.03-0.07 per lb (1.8%) on Tuesday to $1.10-1.22 per lb Cr, from $...Read More
The import market for charge chrome in China rose on Tuesday February 9, with tight supply continuing to strengthen sentiment despite the damping effect of the approaching Lunar New Year holiday, February 11-17, on activity in the chrome market.Fastmarkets' price assessment for ferro-chrome, 50% Cr, import, cif main Chinese ports, rose by $0.04 per lb (3.8%) to $1.10 per lb contained Cr on Tuesday...Read More