The price range for UK-origin light iron has dropped ?5 ($5.65) per tonne in the week ending Friday January 29 after a fall in European deep-sea export markets to traditional buyers in Turkey in the past couple of weeks weighed on British scrap prices, trade sources said. Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?130-145...Read More
Prices for import cargoes of steel scrap delivered to South Korea have continued to fall over the past week, but Japanese sellers are starting to resist further drops, sources said on Friday January 29.A South Korean steelmaker purchased 10,000 tonnes of H2 scrap at ?36,480 ($350) per tonne fob Japan on January 26, Fastmarkets heard.But after this deal, key Japanese scrap buyer Tokyo Steel reduce...Read More
A summary of sales figures from Russian steelmaker Evraz in the fourth quarter of 2020, from its trading update report published on Friday January 29.Evraz CIS in brief Crude steel output surged by 5.2% quarter on quarter to 3.04 million tonnes, up from 2.89 million tonnes, while scheduled capital repairs during the third quarter of 2020 were completed. Commonwealth of Independent States (CIS)-bas...Read More
Seaborne iron ore prices were up on Friday January 29 amid firmer buying interest, market sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $158.54 per tonne, up $1.12 per tonne62% Fe low-alumina fines, cfr Qingdao: $159.05 per tonne, up $1.05 per tonne58% Fe fines high-grade premium, cfr Qingdao: $144.95 per tonne, up $1.14 per tonne65% Fe Brazil-origin fines, cfr Q...Read More
Seaborne coking coal prices in both the fob and cfr markets kept relatively flat on Friday January 29, with no deals heard during the day although sources do not believe the seaborne premium hard coking coal fob price will exceed $160 per tonne in the short term.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.92 per tonne, down $0.18 per tonnePremium hard coking coal, cfr Jingtang: $21...Read More
China's hot-rolled exporters raised their offers on Friday January 29 despite a declining domestic market amid to concerns over rebate cut for outbound shipments.DomesticEastern China (Shanghai): 4,440-4,460 yuan ($687-690) per tonne, down 60-70 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,350-4,420 yuan per tonne, up 20-40 yuan per tonneSpot prices in eastern China weakened due...Read More
China's domestic rebar prices were flat on Friday January 29 amid inactivity, with the situation set to be compounded next week when many market participants plan to make an early start to their holiday for the Chinese New Year.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($663-667) per tonne, unchangedNorthern China (Beijing) weekly assessment: 4,110-4,160 yuan per tonne, up 50 yuan per ton...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 and...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 at 19.15-20.00 on Friday January 29, 2021.Offer.....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...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.Fastmarkets assessed Cobalt sulfate...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher. Asian-Pacific equities and major western pre-market equity index futures were weaker this morningOverall the base metals are looking heavyBase metals Three-month alumini...Read More
The price of flat-rolled stainless steel in Europe increased strongly in the week to Friday January 29, on higher nickel costs and increasing demand, sources told Fastmarkets. Fastmarkets' weekly price assessment of stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?2,380-2,400 ($2,882-2,906) per tonne on Friday, up by ?,?80 per tonne week on week f...Read More
Three more Japanese scrap cargoes will land in China by early March, the China Iron & Steel Association (Cisa) said on Friday January 29.A 2,800-tonne parcel bought by Zhejiang Judong will load soon from Japan and land in early-February. The parcel was sold by Japan's Pinghe Trading.A 3,000-tonne parcel sold by Japanese trader Hanwa to eastern China steel mill Shagang will load in mid-to-late Febr...Read More
A resurgence of Covid-19 in Vietnam and the continual price falls in the Japanese domestic scrap market have dampened buying sentiment in the week to Friday January 29, sources told Fastmarkets.Offers for bulk Japanese H2 materials had initially been at $415-420 per tonne cfr Vietnam on Tuesday before falling to $400-405 per tonne cfr Vietnam by Wednesday.There was a transaction concluded at $380...Read More
The rally in China's domestic lithium prices continued to influence markets in the rest of Asia in the week to Thursday January 28, but trading has thinned in the run-up to the Lunar New Year holiday in mid-February. China's battery-grade lithium prices rose again due to limited spot availability and because some producers had stopped offering ahead of Chinese New Year. Asian battery-grade lithium...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 28 that are worth another look.Rio Tinto has created a new executive team and organizational structure to strengthen its environmental, social and corporate governance (ESG) credentials and rebuild trust, "particularly in Australia", following the destruction...Read More
The price of tin on the London Metal Exchange rose to a new 2021 high on Thursday January 28, while the rest of the base-metals complex showed mixed results at the 5pm close.Zinc, notably, was holding its ground after a 2.7% decline on Wednesday, but the prices of nickel and aluminium drifted lower.Tin's continued rise on Thursday led it to a new year-to-date high of $23,075 per tonne during the d...Read More