The export pig iron price from the Commonwealth of Independent States went up again during the week to Thursday December 10 on a shortage of material with further increases expected, according to market sources.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $450-460 per tonne on Thursday, narrowing upward from $433-460 per tonne a week ea...Read More
Seaborne iron ore prices stayed on an upward trend on Friday December 11, despite environmental restrictions being imposed on steel mills in the steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $160.13 per tonne, up $3.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $160.41 per tonne, up $3.62 per tonne58% Fe fines high-grad...Read More
The price paid for seaborne low-volatile pulverized coal injection (PCI) material in the fob market rose on Friday December 11 due to tight supply, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.04 per tonne, up $0.15 per tonnePremium hard coking coal, cfr Jingtang: $179.63 per tonne, up $1.03 per tonneHard coking coal, fob DBCT: $92.97 per tonne, up $0.41 per tonneHard...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Friday December 11, this after copper, zinc, nickel and tin set fresh highs for the year either on Thursday or earlier this morning. There are many cross currents flowing through the markets - the US Covid-19 relief package continues to be delayed, a no-deal Brexit is still a high possibility and US initial jo...Read More
An overview of the aerospace materials markets and their latest price moves. Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...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
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....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...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.Read More
Key data from Fastmarkets' Friday December 11 pricing session in London.Key drivers Tightening prompt availability in Europe and consumer restocking continued to push prices to a new high. The market was now trading at its highest level since mid-March, when prices...Read More
Hebei Iron and Steel Group (HBIS), China's second-largest steelmaker, has increased its purchase price for December-delivery silico-manganese to 6,350 yuan ($971) per tonne, market participants told Fastmarkets on Thursday December 10.The latest price is 270 yuan per tonne higher than the mill's purchase price of 6,080 yuan per tonne for November-delivery cargoes. HBIS' price, which applies to car...Read More
Surging offers for both United States and Japan-origin ferrous scrap have left Vietnamese buyers floundering in their wakes, sources told Fastmarkets in the week to Friday December 11.The import markets were muted ahead of the Kanto Tetsugen auction on Thursday December 10, although market sources had largely expected sharp increases in the auction results, Fastmakrets heard.The price surge of alm...Read More
Spot import prices for containerized ferrous scrap into Taiwan hit a historical high in the week to Friday December 11, because of delays to shipments from the United States West Coast, sources told Fastmarkets this week. The delays also led to buyers to look toward bulk deep-sea cargoes due to the high price of the alternative Japanese scrap and a lack of cargo space.Fastmarke...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 10 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said...Read More
The London Metal Exchange three-month nickel price rallied 4% and four metals in the base metals complex - tin, nickel, copper and zinc - set new 2020 highs during trading on Thursday December 10 on rising expectations for the approval of a Covid-19 vaccine in the United States. The three-month nickel price was at $17,430 per tonne on Thursday at 5pm, 4.35% higher than its Wednesday evening price...Read More
Hydro will be looking to strengthen its position in low-carbon aluminium as part of its 2025 strategic direction, the producer said during its capital markets day on Thursday December 10. The producer said over the past year it has seen increased demand for its low-carbon brand products, Hydro CIRCAL and Hydro REDUXA, and greater demand is expected also in 2021. "We have generated cash, cut costs...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 10 that are worth another look.Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said...Read More
Key data from Fastmarkets' pricing session in London on Wednesday December 9. Key drivers Higher offers from China brought replacement costs up rapidly. Traders in Europe reported difficulty finding material, especially for antimony max 100 ppm Bi, below $6,400 per tonne for prompt delivery. Offers for delivery in...Read More
Ferrous scrap prices in the United States are facing more upside in January, in a market where supply is trying to catch up with demand. The strength of the ferrous scrap market has caught nearly everyone off-guard, with earlier predictions that the market had another $30-40 per gross ton to rise following the close of the November trade proving to be well below the actual settlements.&n...Read More