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
Steel scrap consumers in the British market have won price concessions in their delivery settlements with suppliers for September, trade sources said on Tuesday September 14.The buyers used the slow export market and a consequent build-up of material to successfully argue for lower costs for their supplies this month.Steel foundries managed to negotiate a reduction of around ?10 ($14) per tonne o...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, in-whs Rotterdam, $/lb at 24.00-24.60 on Tuesday September 14, 2021....Read More
Seaborne iron ore prices continued to decline on Tuesday September 14, due to depressed demand in certain regions of China, where steelmakers are facing energy consumption and emissions-control measures, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.67 per tonne, down $2.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.63 per tonne, down $1.53 per ton...Read More
Standard Lithium Ltd it is undertaking a pilot project in southern Arkansas to test carbon-capture technology to reduce emissions, the company said. The pilot project will be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture AS, and will be installed at a natural gas processing site in Columbia County, Arkansas, that is owned and operated by oil and gas explorat...Read More
The Chinese import market for steel scrap remained quiet on Tuesday September 14 despite Russian sellers offering bulk plate and structural (P&S) scrap at lower prices, market sources said.Cheaper Russia-origin P&S still not attractive to buyers in ChinaSharp drop in Chinese ferrous futures hampers scrap buying demandUptrend continues in Taiwan imported containerized scrap.ChinaLower-cost steel sc...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 14 and their latest price moves.China Tighter production curbs strengthened sentiment in the ferro-chrome market, underpinning domestic spot prices. With looming concerns over domestic supply, and demand for material expected to be resilient, buyers' appetite for imported ferro-chrome was enh...Read More
Chinese lithium producer Tianqi Lithium's board of directors have unanimously approved a proposal for the company to list its shares in Hong Kong, the company said on Monday September 13.The company plans to use proceeds of the listing to repay its...Read More
The Chinese import market for steel scrap remained quiet on Tuesday September 14 despite Russian sellers offering bulk plate and structural (P&S) scrap at lower prices, market sources said.Cheaper Russia-origin P&S still not attractive to buyers in ChinaSharp drop in Chinese ferrous futures hampers scrap buying demandUptrend continues in Taiwan imported containerized scrap.ChinaLower-cost steel sc...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 14 that are worth another look....Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 14 that are worth another look....Read More
Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More
The domestic steel rebar market in Russia's Central Federal District around Moscow continued to suffer from oversupply in the week to Monday September 13, sources have told Fastmarkets, with export sales limited by the $115 per tonne temporary export duty.The price decline in the country's largest rebar-consuming region started in the second half of July and has been mainly driven by mills that se...Read More
Some flat steel import prices to the United Arab Emirates and Saudi Arabia fell during the week ended Tuesday September 14 so buyers held back from activity and preferred to wait for prices to flatten, sources told Fastmarkets.End-user demand was weak so buyers did not place any big orders despite their low stock levels.Saudi ArabiaChina offered HRC at $970 per tonne cfr Saudi Arabia, falling from...Read More
Semi-finished steel imports to the Philippines, mostly made up of steel billet, fell 11.6% year on year in the first half of 2021 with demand choked by the country's ongoing struggles with Covid-19.1.23 million tonnes of material were imported to the Philippines in January-June 2021, down from 1.39 million tonnes over the first half of 2020, according to statistics compiled by the Philippines...Read More
Seaborne coking coal prices in the cfr market continued to climb on Tuesday September 14, mainly due to supply tightness, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $493.17 per tonne, up $5.84 per tonneHard coking coal, cfr Jingtang: $452.87 per tonne, up $6.31 per tonnePremium hard coking coal, fob DBCT: $358.28 per tonne, down $3.82 per tonneHard coking c...Read More
Base metals prices on the London Metal Exchange continued their consolidation on the morning of Tuesday September 14, following an afternoon of profit-taking on Monday. After reaching its latest year-to-date peak of $3,000 per tonne on Monday, the three-month aluminium price ended the day down by 3.5% from that level at $2,896.50 per tonne. It has continued to trend lower on Tuesday, recently at $...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Index futures were virtually unchanged following released of economic news at 8:30 AM EDT. Consensus for the September Empire State Manufacturing Survey was a slip to 17.2 from 18.30 in August. Actual was an increase to 34.3 The Canadian Dollar added 0.10 to US78.88 cents following release of...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 14 that are worth another look....Read More
Non-ferrous scrap exports from the United States rebounded by 5.90% in July to 277,925 tonnes from 262,447 tonnes in June, according to latest US Commerce Department data. Total non-ferrous scrap exports for the January-July period also shot up 15.28% to 1.88 million tonnes from 1.63 million tonnes in the same period last year.Aluminium Aluminium scrap exports - excluding used beverage cans (...Read More