Prices for US domestic rebar remained flat despite a modest gain in Chicago shredded scrap prices, while imported prices remain static due to a lack of confirmed market activity. Fastmarkets AMM's assessment for domestic rebar held at $35-36 per hundredweight ($700-720 per short ton) fob Midwest mill on Wednesday October 17, while imported rebar remained at $676-700 per ton cfr Port of Houston. No...Read More
Import prices for flat-rolled steel in the United States are mostly in line with levels recorded two weeks ago, although market participants have said that import volumes could recover if recent domestic price increases take full effect.Fastmarkets AMM's assessment for imported hot-rolled coil (HRC) narrowed upward to $740-780 per short ton cfr port of Houston on Thursday October 17 from $720-780...Read More
China's domestic hot-rolled coil prices decreased on Thursday October 18 following a sharp drop in the futures market. DomesticEastern China (Shanghai): 4,210-4,230 yuan ($608-611) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 4,110-4,120 yuan per tonne, down 10 yuan per tonneThe significant drop in the futures market dampened demand for HRC and pushed down spot prices for the product...Read More
China's domestic rebar prices held steady on Thursday October 18 despite a big drop in the futures market.Domestic Eastern China (Shanghai): 4,550-4,590 yuan ($657-663) per tonne, unchangedNorthern China (Beijing): 4,340-4,380 yuan per tonne, unchangedRebar futures took a big tumble during the day, which dampened buying interest in the spot market.A week-on-week drop in inventory levels kept price...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
AMG Vanadium LLC has decided to proceed with expansion plans that will more than double its spent catalyst processing capacity and significantly increase vanadium production capacity at its North American operations by 2021.The decision to expand vanadium production comes amid soaring prices for the material, with pricing for both ferro-vanadium and vanadium pentoxide more than quad...Read More
Australian lithium miner Galaxy Resources reported a drop in mining volumes and lithium spodumene production quarter on quarter in the three months to September 2018. Lithium spodumene production fell by 35% to 31,156 tonnes produced in the third quarter compared with 47,901 tonnes in the second quarter. Mining volumes fell by 8% to 779,495 tonnes from 843,830 tonnes in the same period at its Mt C...Read More
Manganese market participants believe that 2018 will be the first year since 2015 that will end without a dramatic fourth-quarter ore price rally.Sharp rallies in manganese ore prices occurred in October 2016 and December 2017, but so far in 2018 there have been few indications that such an event will be repeated, sources told Fastmarkets."I think the market will be relatively quiet," one market s...Read More
Molybdenum prices have dropped in Europe in line with demand in the past few days, with traders waiting for consumer buying interest to pick up before committing to any significant inter-merchant business, sources said.Market participants have not reported to Fastmarkets MB any molybdenum trades in either oxide or ferro-molybdenum in the first half of the week. Alloy deals of around 60 tonnes were...Read More
New Chinese silico-manganese projects entering production in the fourth quarter of 2018 are supporting manganese ore demand and helping to keep the market in balance amid high import volumes from countries including South Africa, market sources said.Four new projects coming on stream this quarter will add about 2 million tonnes of manganese alloy to China's domestic market over the coming months,...Read More
Vanadium trade log including business, bids and offers reported to Fastmarkets MB.To view the latest price quotations, click the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Wednesday October 17Ferro-vanadium - Prices indicated at...Read More
China's metallurgical coke market experienced a rapid rebound in October following losses a month earlier.East China's Rizhao Iron & Steel and north China's Hesteel - two major buyers of coke in the country - had both lowered their purchase prices in mid- and late-September, cuts that amounted to 200-230 yuan ($29-33) per tonne.Those followed six rounds of increases totally about 640 yuan per tonn...Read More
Seaborne iron ore prices were rangebound on Thursday October 18, with the market showing signs of cooling off from Wednesday's bullishness.MB 62% Fe Iron Ore Index: $73.58 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.61 per tonne cfr Qingdao, up by $0.22 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.60 per tonne cfr Qingdao, down by $0.15 per tonne.MB...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreBHP, Global Ore, 90,000 tonnes of 62% Newman fines, sold at...Read More
Participants remain divided over how they think the seaborne coking coal market would trend following a recent price surge.The MB Premium Hard Coking Coal Index fob Australia breached the $220-per-tonne mark on Wednesday October 17, its highest since March 12 this year. The index was unchanged on Thursday, at $222.71 per tonne, with no trades confirmed by the data collection cut-off time for the d...Read More
China's ferrous futures ended morning trading slightly higher than their opening prices on Thursday October 18, having been trending downward since during Wednesday night's session. Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,168 yuan ($602) per tonne, up 3 yuan per tonne January hot rolled coil: 3,921 yuan per tonne, up 2 yuan per tonne Dalian Commodity Exc...Read More
The latest news and price moves to start the Asian day on Friday October 19.Base metal prices on the London Metal Exchange fell at the close of trading on Thursday October 18 due to a firmer US dollar index, although zinc was relatively steady thanks to low stocks and the threat of more sanctions by the United States. Read more in our live futures report.Here are how prices looked at the...Read More
Vale's cobalt production fell 31% in the third quarter of 2018 mainly due to decreased output from its Sudbury and Voisey's Bay operations. Vale produced 1,028 tonnes of cobalt in the three months to the end of September compared with 1,489 tonnes in the same quarter of 2017. A 22.5% fall in third-quarter production from Voisey's Bay to 371 tonnes from the previous quarter was caused by scheduled...Read More
Ningxia Tianyuan, the world's largest manganese flake producer, is expected to resume production at its 800,000-tonne-per-year capacity site in December, sources told Fastmarkets MB. The company is currently operating at a reduced capacity of 600,000 tpy after it suspended one of its production lines in May, according to the sources. Ningxia Tianyuan, which accounts for around 40% of global mangan...Read More
Chinese cobalt metal and salts prices fell in the midweek pricing session following an 17.8% drop in local futures contract prices, which dented buying sentiment. Fastmarkets MB's Chinese domestic cobalt metal price fell by 3.6% to 450,000-490,000 yuan per tonne ($25.52-27.68 per lb, China-VAT free) on Wednesday October 17, from 475,000-500,000 yuan per tonne on Friday. Market participants at...Read More