The latest data for the global manganese ore market for the week ended December 21, 2020.Read More
Chilean state copper producer Codelco has increased the volumes sold into annual cathode supply contracts for 2021, its chief commercial officer Carlos Alvarado told Fastmarkets this week.Codelco produces around 1.7 million tonnes of copper per year - equivalent to 7% of the world's total. The company's regional offers to customers tend to set a benchmark for similar annual supply deals that...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Sellers of Japanese scrap are looking to the domestic market instead of exports because of the higher margins that can be found there, market participants told Fastmarkets on Wednesday December 23.The massive increases in domestic scrap purchase prices by major Japanese mini-mill Tokyo Steel have also supported sentiment.The price-benchmark setter increased its purchase price for the 10th time in...Read More
China resuming steel scrap imports in 2021 will directly affect global steel markets because of supply shortages, speakers on the Turkey panel at Fastmarkets' recent Middle East Iron and Steel virtual conference said. China will end the ban on imports of ferrous scrap on January 1 after it reclassified certain qualities steelmaking raw materials under the new regulations. On Decemb...Read More
Base metals prices on the Shanghai Futures Exchange were mainly lower this morning, Wednesday December 23, while those on the London Metal Exchange were mixed.Metals and broader markets seem to be settling down and oscillating sideways ahead of the Christmas and New Year holidays, suggesting markets are content to consolidate while many cross currents muddy the waters. US President Donald Trump re...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More
A reminder of Fastmarkets' cobalt pricing schedule during the Christmas and New Year period. AssessmentsDaily price assessments for cobalt metal published from London will be assessed and published as usual up to, and including, Thursday December 24. Prices will then be published as rollovers (using the December 24 assessment) during UK bank holidays and office closures until Monday January 4. Thi...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Hot-rolled coil prices in the United States have moved above $50 per hundredweight ($1,000 per short ton) for the first time since early September 2008 thanks to a continuing supply shortage. Fastmarkets' daily steel hot-rolled coil index, fob mill US rose to $50.06 per cwt ($1,001.20 per ton) on Wednesday December 23, up by 0.64% from $49.74 per cwt on Tuesday December 22 and 2.29% higher than $4...Read More
Domestic European prices for hot-dipped galvanized coil rose in the week to Wednesday December 23, with market sources wary of further rises into the new year on material shortages. Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe was ?,?720-760 ($879-928) per tonne on December 23, compared with ?,?730-750 per tonne a week earlier. The assessment was based on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Steel reinforcing bar prices in the United States rose to a 32-month high following a second round of mill hikes and an ongoing supply shortage, but were eclipsed by higher import prices. Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $35.50 per hundredweight ($710 per short ton) on Wednesday December 23, up 2.9% from $34.50 per cwt the week before and the highest...Read More
Imports of finished steel to the United States fell month on month in November due to lower bloom, billet and slab volumes, according to US Census Bureau data.The US imported 1.24 million tonnes of steel products in November, down 9.5% from 1.37 million tonnes in October, preliminary Census data showed.Imports of bloom, billet and slab dropped 27.4% to 170,272 tonnes in November from 234,434 tonne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Seaborne iron prices fell further on Wednesday December 23, in response to the downtrend in futures and rising rebar inventories in northern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.03 per tonne, down $2.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.36 per tonne, down $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $151.54 per tonne,...Read More
Sellers of Japanese scrap are looking to the domestic market instead of exports because of the higher margins that can be found there, market participants told Fastmarkets on Wednesday December 23.The massive increases in domestic scrap purchase prices by major Japanese mini-mill Tokyo Steel have also supported sentiment.The price-benchmark setter increased its purchase price for the 10th time in...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More