Rising freight costs and increased buying interest from neighboring Asian markets led to an increase in Bangladesh import steel scrap prices in recent days, sources said on Thursday October 7.Bangladesh container import prices jumpSouth Korea purchases deep-sea scrap amid high Japanese pricesTaiwan buyers quiet after early-week buyingBangladeshContainerized imports of scrap were sold to Bangladesh...Read More
Fastmarkets analyst William Adams and reporter Sofia Okun size up the lithium market ahead of LME Week, which begins Monday October 11.This year has been fast and furious for the lithium market, with prices rising 135-265%, depending on location and type of lithium salt. Spodumene prices are up by 470% since the start of the year. This follows the depressed state that the market was in last year.T...Read More
Fastmarkets analysts Andrew Cole and Andy Farida and reporter Thorsten Schier size up the nickel market ahead of LME Week, which begins Monday October 11.Nickel prices have been capped by the $20,000-per-tonne level this year, failing to sustain a meaningful break higher despite attempts in February and again repeatedly during July-September. The London Metal Exchange three-month price peaked at $...Read More
Iron ore trading liquidity was still limited on Thursday October 7, mainly due to China's Golden Week holiday, but improving supplies from Brazil were helping to stabilize prices, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.02 per tonne, up $0.31 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.87 per tonne, up $0.24 per tonne58% Fe fines high-grade pr...Read More
Slovak ferro-alloys producer OFZ Slovakia has cut more than half of its ferro-alloy production with immediate effect due to energy prices that have surged more than six-fold recently, an industry source told Fastmarkets.The company, which produces ferro-silicon and manganese alloys, has shut four out of its seven operating furnaces, including two ferro-silicon furnaces, a silico-manganese furnace...Read More
Rising freight costs and increased buying interest from neighboring Asian markets led to an increase in Bangladesh import steel scrap prices in recent days, sources said on Thursday October 7.Bangladesh container import prices jumpSouth Korea purchases deep-sea scrap amid high Japanese pricesTaiwan buyers quiet after early-week buyingBangladeshContainerized imports of scrap were sold to Bangladesh...Read More
Eight of the nine Category 1 members of the London Metal Exchange have indicated their support for continuing to trade official lunchtime prices in the open-outcry ring.Does this mean that one company does not support ring trading? And could one of the exchange's members be preparing to leave the trading floor?The exchange revealed on Monday August 9 that it had majority support for the ring, in a...Read More
The Brazilian automotive association, Anfavea, has cut its forecast for production and sales in 2021, due to a shortage of semiconductors and logistics issues.Vehicle production is now expected to reach between 2.13-2.22 million units this year, an increase of 6-10% from the 2.01 million units produced in 2020, the association said on Wednesday October 6.The new forecast is 10-13% lower than the a...Read More
Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.It has a five-year target to install more than 100 megawatts of power to cover 20% of the group's energy requirements in its production sites in Italy.The investment will reduce its CO2 emissions by approximately 85,000 tonnes a year on completion of.....Read More
Seaborne coking coal prices in the fob market on Thursday October 7 were largely flat amid limited trading activity in the market, 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: $404.05 per tonne, down by $0.48 per tonne ...Read More
Alumina exports from Brazil totaled 586,458 tonnes in September, a 3.32% year-on-year fall from 606,626 tonnes, according to data published by the economy ministry on Wednesday October 5.That decrease was due to lower shipments from the S??o Lu?-s port, in the country's northeastern Maranh??o state. Alumar, an alumina refinery owned by Alcoa, South32, Rio Tinto and Alumina Ltd, is located in Maran...Read More
Alumina exports from Brazil totaled 586,458 tonnes in September, a 3.32% year-on-year fall from 606,626 tonnes, according to data published by the economy ministry on Wednesday October 5.That decrease was due to lower shipments from the S??o Lu?-s port, in the country's northeastern Maranh??o state. Alumar, an alumina refinery owned by Alcoa, South32, Rio Tinto and Alumina Ltd, is located in Maran...Read More
Brazil-based multi-metal producer Nexa Resources has resumed activity at its San Gerardo zinc-lead open-pit mine in central Peru after a week-long stoppage caused by community blockades, the company said on Wednesday October 6.In a filing to the Peruvian securities and exchange commission, SMV, Nexa said operations began to reopen early in the week and by Wednesday had returned to full capacity.Ro...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
The Turkish long steel export market has shown signs of a revival over the past week, after an upturn in prices, sources told Fastmarkets on Thursday October 7.Turkish steelmakers increased their rebar and wire rod export offer prices, in the wake of rising raw materials and power costs.Steel mills in the country raised their rebar offers to $690-695 per tonne fob on an actual-weight basis this we...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 grade,...Read More
Trafigura Pte is developing a program that will provide its customers with data on the carbon dioxide (CO2) emissions in its nickel and cobalt supply chains, the physical trading company said.The service will have a particular focus on the company's electric vehicle (EV) customers and will be provided by Circulor, a blockchain-based supply chain traceability and CO2 emissions tracking services pro...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...Read More