The Turkish deep-sea scrap import market was quiet again on Monday January 18 following a sharp downturn in the prices, market sources said.On Friday, a steel mill in northern Turkey booked a Baltic Sea cargo at $460 per tonne cfr on an HMS 1&2 (80:20) basis, compared with a US cargo sold at $485 per tonne cfr for HMS 1&2 (90:10) and $492 per tonne...Read More
Turkish domestic prices for auto bundle steel scrap have gone down slightly over the past week, following the downturn in the deep-sea scrap import values, sources said on Monday January 18.Deep-sea scrap import prices went down sharply in a fresh Baltic Sea cargo deal at the end of the previous week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, wa...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Friday January 15, following and supported by the trend in the international market, sources told Fastmarkets. Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?370-405 ($445-489) per tonne on January 15, up by ?,?85-95 from ?,?285-310 per ton...Read More
Brazil's pig iron export market was subdued in the week to Friday January 15, but offer prices remained high, sources told Fastmarkets. Fastmarkets price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $555 per tonne on Friday, up from $520 per tonne a week earlier. ...Read More
Italian domestic steel scrap prices surged in the month to Friday January 15, supported by the global uptrend in December and the first half of January, sources told Fastmarkets. Fastmarkets assessed the monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy at ?,?325-360 ($392-435) per tonne on Friday, up by ?,?65-95 (or 30.5%) month on month from...Read More
The seaborne fob market moved up slightly for premium hard coking coal prices on Monday January 18 on firm demand and a limited number of cargoes on offer in the market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.15 per tonne, up $0.24 per tonnePremium hard coking coal, cfr Jingtang: $208.69 per tonne, unchangedHard coking coal, fob DBCT: $101.54 per tonne, unchangedH...Read More
Iron ore prices increased on Monday January 18, supported by a news of a record-high GDP in China for 2020 and supply concerns after a fire at Vale's Ponta da Madeira terminal in northern Brazil.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.07 per tonne, up $0.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.66 per tonne, up $0.53 per tonne58% Fe fines high-grade pr...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...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....Read More
The seaborne prices of both low and high-grade manganese ore rose but at a slower rate in the week to Friday January 15 following weakness emerging in the portside market, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin climbed up by 5 cents or 1.1% week on week to $4.58 per dry metric tonne unit (dmtu) on Friday from $4.53 per dmtu the previous week.Fastmarkets' manganese ore 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 price of refined selenium powder in China hit a 55-month low in the week to Friday January 15 amid sufficient supply in the market and slow demand from the downstream glass industry, sources told Fastmarkets.Fastmarkets' weekly price assessment for selenium 99.9% Se min, in-whs China was 90-110 yuan ($14-17) per kg on Friday, narrowing downwards by 5 yuan per kg from 90-115 yuan per kg the pre...Read More
A strong performance in the electric vehicle (EV) sector is set to give a significant boost to demand for cobalt in 2021, an exclusive survey by Fastmarkets reveals. And while there were mixed messages about demand in certain downstream sectors, such as superalloys which are mostly applied in the aerospace sector, with a cautious expectation of steady or growing demand in the key consumer electron...Read More
China's domestic prices for steel scrap surged last week amid replenishment by steel mills and a tightening supply of raw materials. Fastmarkets' assessment for steel scrap heavy scrap domestic, delivered mill China was at 3,230-3,240 yuan ($498-500) per tonne on Friday, up by 110-230 yuan per tonne from 3,000-3,130 yuan per tonne a week earlier. Steel mills actively bought scrap in the past coupl...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process.The rebound in the dollar in recent weeks seems to be acting as a headwind.Base metalsThree-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an a...Read More
Costco (COST), an S&P 100 stock moved below $359.50 setting an intermediate downtrend.South Africa iShares (EZA) moved above $45.40 extending an intermediate uptrend.Pre-opening Comments for Tuesday January 19thU.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade.Goldman Sachs gained $5.98 to $306.99 after reporting higher than consensu...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More
Here are five Fastmarkets stories you might have missed on Friday January 15 that are worth another look.Brazilian steel slab export prices tightened upward in the week ended January 15, with producers continuing to seek high prices.Beer cans made from low-carbon aluminium supplied by Rio...Read More