Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), were stable in the week ended Friday November 1 with demand remaining weak, sources told Fastmarkets.A recent increase in raw material prices had given rise to the possibility of higher coated flat steel prices, but buyers said they believed this would not be accepted by the market due...Read More
Domestic hot-rolled coil prices in China remained flat for a fifth day on Friday November 1, but sentiment in the market has deteriorated following the release of the country's latest manufacturing purchasing managers' index (PMI). DomesticEastern China (Shanghai): 3,500-3,520 yuan ($497-500) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedChina's manufacturing PMI fo...Read More
BHP will provide $44 million of the necessary funding to resume operations at Brazilian iron ore pellet producer Samarco, the Australia-based mining company said on Friday November 1.Samarco is a joint venture between BHP and Vale and has been closed since late 2015, when a tailings dam failed and flooded the nearby Rio Doce river in southeastern Brazil.On October 25, the pellet producer received...Read More
Austenitic alloy steel scrap prices in the UK domestic market narrowed downward this week amid continued weak demand, sources told Fastmarkets on Friday November 1.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($970-1,009) per tonne on November 1, down by ?20 per tonne on the high end.Similarly, Fastmarkets' price...Read More
Brazilian mining company Vale will resume operations at its Alegria mine through dry stacking to produce 1 million tonnes of iron ore in 2019, the company said, as it maintained its full-year sales volumes guidance of 307-332 million tonnes.The restart was authorized by Brazil's national mining agency, ANM, which reverted a March decision that had halted the unit, the company said on Friday Novemb...Read More
The price of ferrous scrap imported into India has risen for the fourth consecutive week, mirroring a similar trend in nearby Pakistan, sources told Fastmarkets on Friday November 1Fastmarkets' calculation for the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $276.57 per tonne on Friday, up from $268.23 per tonne a week earlier.Deals for shredded material into India t...Read More
Seaborne coking coal prices plunged on Friday November 1 on trades involving premium mid-volatility cargoes procured by end-users in China and India.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.38 per tonne, down by $11.07 per tonnePremium hard coking coal, cfr Jingtang: $145.08 per tonne, down by $16.45 per tonneHard coking coal, fob DBCT: $128.84 per tonne, unchangedHard coking co...Read More
China's rebar prices were unchanged on Friday November 1 in both the domestic and export markets amid inactive trading. Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Buyers stopped replenishing their inventories ahead of the weekend and withdrew to the sidelines to see how the futures market develops, sour...Read More
Base metals prices on the Shanghai Futures Exchange were mostly down during the morning trading session on Friday November 1, with dwindling confidence of a long-term trade deal being struck between the United States and China weighing on the complex."Chinese officials 'familiar with the matter' were casting doubts about reaching a comprehensive long-term trade deal with the US even as the two sid...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lbClick here for...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for selenium, 99.5% Se min, in-whs Rotterdam, click here.To see all Fastmarkets' pricing methodology and specification documents, go to www.fastmar...Read More
Traxys has signed a multi-year deal to sell cobalt metal and hydroxide produced by Norilsk Nickel. Under the terms of the deal, Traxys will commercialize all Norilsk material not sold in the Russian market, Fastmarkets understands. The deal...Read More
Government subsidies are a necessary part of early electric vehicle adoption but EVs will have mainstream usage without the need for incentives in the long term, panelists said at the LME Metal Seminar this week. EV adoption has come at a slower pace than previously expected, coinciding with cuts in government subsidies in China. In March this year, Beijing announced a 50-60% reduction in subsidie...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
The prices of stainless steel flat products in Europe decreased this week because of persistently weak demand, sources told Fastmarkets on Friday November 1.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,454-2,510) per tonne on November 1, down by ?,?100 per tonne week on week."It's [a result...Read More
The monthly European alloy steel surcharges for November for grade-316 stainless flat steel products have decreased because of lower molybdenum costs, Fastmarkets heard on Friday November 1.Fastmarkets' range for the stainless steel cold-rolled sheet, 316, 2mm, alloy surcharge, domestic, Europe, was ?,?2,497-2,581 ($2,786-2,879) per tonne on November 1, down by ?,?13-63 per tonne from October.Allo...Read More
The inter-merchant spot market for UK-origin light iron scrap moved up by ?5 ($6) per tonne in the week ended Friday November 1 following the upturn in key export markets, ending a four-week run of price stability.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?65-85 ($84-110) per tonne on Friday, up from the ?60-80 per tonne where...Read More
Turkish steel mills did not go into the deep-sea scrap markets on Friday November 1, with no new deals heard, sources told Fastmarkets.The Turkish import scrap market was relatively subdued throughout this week because of a two-day public holiday in the country at the start of the week. As well, the booking of 600,000 tonnes of...Read More