Steel wire rod prices in the south of Europe moved up again in the week to Wednesday December 8, driven by tight availability of material and increasing feedstock costs, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?520-530 ($630-642) per tonne on Wednesday, up by ?,?10 per tonne from ?,?510-520 per...Read More
The domestic price in Northern Europe for steel wire rod increased again over the week to Wednesday December 9, supported by short supply, good demand and a jump in feedstock costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, rose to ?,?550-570 ($666-690) per tonne on Wednesday, up by ?,?10-20 per tonne from...Read More
Ferrous scrap exports from the United States shot up by 26.6% month on month in October amid a surge in shipments to Turkey, Bangladesh and Mexico.US exports of ferrous scrap totaled 1.49 million tonnes in October, up from just shy of 1.18 million tonnes in September and 1.87 million tonnes August.Shipments to Turkey, the top buyer of US ferrous scrap, rose by 93.1% to 365,237 tonnes from 189...Read More
The United States' ferrous scrap export market remains robust, with East Coast recyclers again raising prices in a bid to attract scrap while they compete with domestic mills for raw material.After a series of modest $5- and $10-per-gross-ton increases in recent weeks, No1 heavy melt prices jumped by $15 to $20 per ton at East Coast exporters over the past week.Exporters had been trying to ke...Read More
Turkish steel mills continued to book deep-sea scrap cargoes for February shipment at increasing prices, which are being driven up by improving steel and billet values, sources said on Wednesday December 9.A steel mill in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25) and 15,000 tonnes of a mixture of bonus, busheling and plate & structural (P&S) at an...Read More
Seaborne iron ore trading was limited on Wednesday December 9, however, lump prices performed well amid active trading at ports and less pellet supply, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $150.16 per tonne, up $1.81 per tonne62% Fe low-alumina fines, cfr Qingdao: $149.81 per tonne, up $1.64 per tonne58% Fe fines high-grade premium, cfr Qingdao: $13...Read More
Seaborne coking coal prices in the cfr market jumped on Wednesday December 9 due to relatively tight supplies for steel mills in China, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.81 per tonne, down $0.27 per tonnePremium hard coking coal, cfr Jingtang: $176.55 per tonne, up $7.03 per tonneHard coking coal, fob DBCT: $92.56 per tonne, down $0...Read More
London Metal Exchange nickel, zinc and tin prices hit new 2020 highs on the morning of Wednesday December 9, with the base metals complex upbeat due to new proposals for a US Covid-19 stimulus package and the dollar index remaining low. Zinc's three-month price was up 1.9% at $2,852.50 per tonne on Wednesday from Tuesday's closing price of $2,799.50 per tonne. This price set a new high for 2020, a...Read More
The base metals remain upbeat this morning, Wednesday December 9, with all the metals on the London Metal Exchange in positive territory on hopes that a US stimulus package may be on the way.The potential headwinds - political tensions between the United States and China, a no-deal Brexit and the continuing out of control spread of the virus, are for now taking a backseat. China's consumer price i...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
Key data from Fastmarkets' pricing session in Europe on Wednesday December 2.Key drivers Ferro-titanium has jumped to a peak last seen in May 2013, with the price again reaching $6.90 per kg ddp, with consumer demand reported out as far as February on limited output.A crunch in scrap supplies in the past few months is fueling a rally in scrap prices and that, in turn, is pushing up...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 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 alloy 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 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
Aurubis, Europe's biggest copper producer, posted improved earnings in its latest annual results, largely thanks to higher scrap refining charges (RC) since its acquisition of recycling firm Metallo in May 2020. For its financial year to September 30. 2020, Aurubis' operating earnings before taxes (EBT) grew by 15% to ?,?221 million ($268 million) year on year, the company said...Read More
Hollow steel sections prices moved higher in Europe this week due to continued rises in feedstock costs and tight supply of material, sources told Fastmarkets on Wednesday December 9.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?700-720 ($847-872) per tonne on Wednesday, up from ?,?680-700 per tonne a week earlier.The availability of hot-roll...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Index futures moved slightly lower following release of U.S. economic news at 8:30 AM EST. Consensus for the November Consumer Price Index was an increase of 0.1% versus a gain of 0.2% in October. Actual was an increase of 0.2%. Excluding food and energy, consensus for the November Consu...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 8 that are worth another look.There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars...Read More