Despite concerns of low prices and poor demand, the aluminium market still has growth potential due to the automotive industry, McKinsey & Company's Benedikt Zeumer said at Fastmarkets' International Aluminium Conference held in Athens, Greece.The fastest growing underlying factor to global aluminium growth is the global automotive sector, Zeumer said. McKinsey's outlook does not indicate that the...Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday September 25 that are worth another look.Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year on year although mounting political uncertainties such as trade wars and the UK's intended exit from the EU may soften this growth, according to steelmaker Celsa.Despite concerns of low price...Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
An overview of the minor metals markets and their latest price moves.Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
Despite concerns of low prices and poor demand, the aluminium market still has growth potential due to the automotive industry, McKinsey & Company's Benedikt Zeumer said at Fastmarkets' International Aluminium Conference held in Athens, Greece.The fastest growing underlying factor to global aluminium growth is the global automotive sector, Zeumer said. McKinsey's outlook does not indicate that the...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes for November shipments, confirming another downturn in the prices, sources said on Wednesday September 25.A steel mill in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $228 per tonne, 15,000 tonnes of shredded at $233 per tonne and 2,000 tonnes of plate and structural scrap (P&S) at $238...Read More
Fastmarkets outlines some of the key topics likely to dominate discussions when participants of the battery raw materials and electric vehicle supply chain gathers in Amsterdam this week.Are cobalt buyers serious about booking early for 2020? Some discussions for cobalt supply agreements in 2020 started almost as soon as Glencore announced it would close its Mutanda mine at the end of the yea...Read More
The London Metal Exchange will extend the waiver of listing fees for new cobalt brands until December 20, 2019, it said on September 24. The exchange launched the initiative on March 26 this year, initially for six months, in an effort to encourage liquidity on its physically delivered cobalt contract. Since then, Norilsk grade-I cut cobalt cathodes and Huayou cut cobalt cathodes have been listed...Read More
Eastern China's hot-rolled coil prices retreated on Wednesday September 25 with traders seeking more sales before the country's October 1-7 Golden Week.DomesticEastern China (Shanghai): 3,640-3,650 yuan ($512-513) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,600 yuan per tonne, unchangedHRC futures traded below Tuesday's settlement price of 3,522 yuan per tonne for most of the day...Read More
The Mexican government has announced a plan to gradually eliminate an existing safeguard duty of 15% on several steel products.The duty on steel imports classified under 186 tariff codes will remain at 15% until September 2021, when it will be reduced to 10%, according to the country's...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday September 25 that are worth another look.Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year on year although mounting political uncertainties such as trade wars and the UK's intended exit from the EU may soften this growth, according to steelmaker Celsa.Despite concerns of low price...Read More
Global long steel consumption was expected to reach 851 million tonnes in 2019, up by 2.4% year-on-year although mounting political uncertainties such as trade wars and the UK's intended exit from the EU may soften this growth, according to steelmaker Celsa."A strong performance in construction activity in China, India and the rest of Asia will give support to long products consumption, specifical...Read More
The price of steel rebar in the Northern European domestic market moved down slightly this week through a combination of low ferrous scrap costs, weak demand and plentiful supply, sources told Fastmarkets on Wednesday September 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?470-490 ($517-539) per tonne on Wednesday, widening d...Read More
Turkish steel producers have continued to book deep-sea scrap cargoes for November shipments, confirming another downturn in the prices, sources said on Wednesday September 25.A steel mill in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $228 per tonne, 15,000 tonnes of shredded at $233 per tonne and 2,000 tonnes of plate and structural scrap (P&S) at $238...Read More
The physical iron ore markets were largely inactive on Wednesday September 25 because of a key industry conference in China and the current restrictions on that country's steelmakers.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.34 per tonne, down by $0.49 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $90.73 per tonne, down by $0.49 per tonne.62% Fe low-alumina fines, cfr Qingdao:...Read More
Iranian export prices for steel billet and slab have been mostly stable in the week to Wednesday September 25, with some deals heard for billet, sources told Fastmarkets on Wednesday.Iranian producers were offering billet at $350-360 per tonne fob, and deals totalling 200,000 tonnes were heard to China at $385-395 per tonne cfr. This price would be equivalent to $345-355 per tonne fob.A further...Read More
Eastern China's rebar prices retreated on Wednesday September 25, which went on to stimulate trading activity. Domestic Eastern China (Shanghai): 3,680-3,700 yuan ($517-520) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,590-3,630 yuan per tonne, unchangedSellers in eastern China lowered their prices after two days of increases, which led some end users in the region to raise thei...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 25.Key driversThe ferro-titanium market dropped in price in the past week, losing $10 on the top end of the range amid slow trading. Consumers have been slow to return to the market since the seasonal summer lull, both for prompt and quarterly deliveries of ferro-titanium. Around 70 tonnes of ferro-titanium was reported so...Read More