Turkey's steel and industrial gas producer Habas is planning to start hybrid vehicle production at a former Honda plant, according to a report seen by Fastmarkets.Honda terminated vehicle production in its plant in Kocaeli, Turkey, in September 2021. Habas is in touch with almost 30 engineering companies to start hybrid...Read More
Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others prefer to focus on raising the price of steel, sources told Fastmarkets on the sidelines of the Made in Steel 2021 trade fair in Milan, Italy.In October, prices for gas...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 6 that are worth another look.Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others...Read More
Brazilian mineral production rose by 9.61% year on year in January-August 2021 amid the inauguration or reopening of some iron ore operations in the country, national mining institute Ibram said on Wednesday October 6.The country produced 833 million tonnes in the first eight months of 2021, up from 760 million tonnes a year before, according to the association. In the same period, mining revenues...Read More
Thyssenkrupp Steel has launched a form of steel with a reduction in CO2 intensity of 70%, it said.Using hot-briquetted iron (HBI), the carbon emission intensity per tonne of lower-CO2 flat steel products - which it calls "bluemint" - is 70% lower at 0.6 tonnes of CO2 per tonne than the 1.5 tonnes that would be produced otherwise, the steelmaker said on Wednesday October 6.Thyssenkrupp's "bluemint...Read More
Sentiment in the Commonwealth of Independent States' export billet market improved somewhat by Wednesday October 6 due to the ongoing increase in global scrap prices.Fastmarkets' daily index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey was calculated at $441.15 per tonne on Wednesday, up by $1.49 per tonne day on day and by $15.15 week on week.Scrap prices in Turkey, one of...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 6.Key driversEuropean ferro-titanium and titanium scrap markets extended their steady trend for a fifth consecutive week, with suppliers holding offer prices against expected renewed demand from steel mills.Deals were reported within current price ranges, but the bulk of expected renewed quarterly demand from steel mills for...Read More
Turkey's steel and industrial gas producer Habas is planning to start hybrid vehicle production at a former Honda plant, according to a report seen by Fastmarkets.Honda terminated vehicle production in its plant in Kocaeli, Turkey, in September 2021. Habas is in touch with almost 30 engineering companies to start hybrid...Read More
Bids and offers for seaborne coking coal on an fob Australia basis strengthened on Wednesday October 6 amid firm demand and limited supply, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $603.28 per tonne, unchangedHard coking coal, cfr Jingtang: $565.14 per tonne, unchangedPremium hard coking coal, fob DBCT: $404.53 per tonne, up by $8.55 per tonneHard coking...Read More
Thyssenkrupp Steel has launched a form of steel with a reduction in CO2 intensity of 70%, it said.Using hot-briquetted iron (HBI), the carbon emission intensity per tonne of lower-CO2 flat steel products - which it calls "bluemint" - is 70% lower at 0.6 tonnes of CO2 per tonne than the 1.5 tonnes that would be produced otherwise, the steelmaker said on Wednesday October 6.Thyssenkrupp's "bluemint...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 6. Please click...Read More
Numerous challenges are ahead for the graphite industry while it develops to meet the needs of the rapidly growing electric vehicle (EV) sector. While debate persists around cathode chemistries, with LFP cathodes gaining ground in China in recent months at the expense of NCM cathodes, these various lithium-ion battery chemistries are all utilizing graphite anodes. In the coming years, exponential...Read More
Brazilian miner Vale has halted copper concentrate production at its Salobo mine after a conveyor belt caught fire, the company said on Tuesday October 5.The company expects to resume output by the end of October. Other mining activities and maintenance will continue as normal at the site, it said.Salobo is located in Brazil's northern Par?? state and produced 172,700 tonnes...Read More
Brazilian mineral production rose by 9.61% year on year in January-August 2021 amid the inauguration or reopening of some iron ore operations in the country, national mining institute Ibram said on Wednesday October 6.The country produced 833 million tonnes in the first eight months of 2021, up from 760 million tonnes a year before, according to the association. In the same period, mining revenues...Read More
Brazilian mineral production rose by 9.61% year on year in January-August 2021 amid the inauguration or reopening of some iron ore operations in the country, national mining institute Ibram said on Wednesday October 6.The country produced 833 million tonnes in the first eight months of 2021, up from 760 million tonnes a year before, according to the association. In the same period, mining revenues...Read More
London Metal Exchange base metals closed mostly down on Wednesday October 6, with most of the market closely watching macroeconomic developments in China and the United States.Still, analysts noted that while risks from macroeconomic events put downward pressure on base metals prices, a lack of supply across commodities continues to keep metals relatively range-bound."Our base metals in contrast r...Read More
Iron ore prices were largely stable on Wednesday October 6 amid low liquidity in both the physical and futures markets during the Chinese Golden Week holidays, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $116.71 per tonne, up $0.13 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.63 per tonne, up $0.29 per tonne58% Fe fines high-grade premium, cfr Qingdao: $90.31 per to...Read More
Metal market participants have been forced to take creative approaches to ensure they can continue trading amid an intensely challenging freight environment, sources told Fastmarkets.A global logistics crisis has dragged on through the summer and into the autumn of 2021, highlighted by a continued shortage of vessels and containers, together with port congestion across the globe. Quarantines relat...Read More
Fastmarkets analyst Boris Mikanikrezai and reporter Yasemin Esmen size up the copper market ahead of LME Week, which begins Monday October 11.While copper had a good start to the year, benefiting from the broad reflationary trade that lifted all the metals, it has come under pressure since its peak in May mainly due to a deterioration in the macroeconomic environment.The peak in copper prices came...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 6 that are worth another look.Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others...Read More