The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
Buyers' sentiment in the European hot-rolled coil segment remained negative on Friday August 27 due to lower raw material costs, competitive imports and uncertain demand outlook, sources told Fastmarkets.Both buyers and sellers have started to return to the market after the holiday period in August and trading activity has been limited while they take time to assess the market before making new de...Read More
Prices for flat-rolled steel imported into South America ended the week to Friday August 27 with no clear trend amid market illiquidity caused by fewer offers from China and a fewer available products from Commonwealth of Independent States.For hot- and cold-rolled coil, prices increased week on week following fewer offers from CIS-based mills, which were pressuring figures downward. The majority...Read More
The light iron scrap market in the United Kingdom was stable during the week to Friday August 27, with most trade sources reporting steady prices to ensure the flow of material into yards.But some domestic consumers signaled a need for price cuts for monthly deliveries in October, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More
Low-volatility pulverized coal injection (PCI) prices in both the fob and cfr market jumped following price gains in coking coal the week to Friday August 27. And a shortage of railway wagons in Russia has delayed the transport of PCI to China, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $408.51 per tonne, down $0.42 per tonneHard coking coal, cfr Jingtang: $385.67 per...Read More
Domestic prices for hot-rolled coil in China continued to move lower on Friday August 27, with losses on futures prices extending to a one-week trough in overnight trading due to persistent concerns about the levels of demand.DomesticEastern China (Shanghai): 5,600-5,680 yuan ($864-876) per tonne on August 27, down by 20-50 yuan per tonne day on day.Northern China (Tangshan) weekly assessment: 5,6...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Color-coated steel coil prices decreased in Turkey during the week to Friday August 27 in a slow market, sources told Fastmarkets.Uncertainty over the future direction of prices, which have decreased recently for most markets, made buyers refrain from booking material.Most export markets are still in holiday season, sources said.Domestic pricesFastmarkets assessed steel hot-dipped galvanized coil....Read More
The Latin American market continued to render support to CIS billet exporters with a second deal to the region reported during the week to Friday August 27. The price of the second one was, however, lower than the first.A cargo of 35,000 tonnes of Ukraine-origin billet with increased manganese content was sold to Latin America at $685 per tonne cfr. Sources said the price for basic grade would be...Read More
An overview of the aerospace materials markets and the latest price moves in the week to Friday August 27.Jessica Long, Ruby Liu and Carrie...Read More
Turkish mills were largely inactive in the import scrap market over the week ended Friday August 27, while prices in key Asian markets were affected by the low levels of interest among mills for imported cargoes.Turkey books just one deep sea cargo during weekUS prepares for fall in domestic pricesVietnamese import prices constrained by rise in Covid-19 casesChinese scrap buyers hold back from imp...Read More
Silicon producer Ferroglobe marked a return to profitability in the second quarter of 2021 after 13 loss-making quarters, and expected higher prices for its products in the second half of 2021, it said in an earnings statement published on Monday August 23.Ferroglobe is the western world's largest silicon producer and makes silicon and manganese-based alloys.The company is based in London and Madr...Read More
Brazil's pig iron export market came under pressure from subdued demand during the week to Friday August 27 although no trades were reported.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $495-500 per tonne on Friday, down from $510-520 per tonne a week earlier and extending the...Read More
Most flat steel prices in Turkey declined further in the week to Friday August 27 on slow demand during the summer holiday season, with buyers holding back from placing orders until prices stop falling, sources told Fastmarkets.The uncertainty over China's export tax on hot-rolled coil exports also remained in the market this week, so buyers want to wait until September for a clear direction of th...Read More
Rebar sellers in eastern China continued to lower their offers on Friday August 27 to generate more sales, but spot prices remain higher than last Friday as a result of gains from earlier this week.DomesticEastern China (Shanghai): 5,130-5,160 yuan per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, unchangedSellers looked to offload more of...Read More
Domestic prices for hot-rolled coil in China continued to move lower on Friday August 27, with losses on futures prices extending to a one-week trough in overnight trading due to persistent concerns about the levels of demand.DomesticEastern China (Shanghai): 5,600-5,680 yuan ($864-876) per tonne on August 27, down by 20-50 yuan per tonne day on day.Northern China (Tangshan) weekly assessment: 5,6...Read More
Low-volatility pulverized coal injection (PCI) prices in both the fob and cfr market jumped following price gains in coking coal the week to Friday August 27. And a shortage of railway wagons in Russia has delayed the transport of PCI to China, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $408.51 per tonne, down $0.42 per tonneHard coking coal, cfr Jingtang: $385.67 per...Read More
Seaborne iron ore prices mostly increased on Friday August 27 amid stable trading activity in the physical market, particularly at China's ports, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $157.55 per tonne, up $4.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.84 per tonne, up $4.04 per tonne58% Fe fines high-grade premium, cfr Qingdao: $126.50 per tonne, up $3.62...Read More
Turkish steel producers made no new scrap bookings on Friday August 27, ending the working week with a single cargo deal amid limited finished steel sales, market participants said.A steel mill in the Iskenderun region booked a European cargo on Wednesday, comprising 22,500 tonnes of heavy melting scrap 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne cfr. The HMS 1&2 (...Read More