Turkish domestic prices for auto bundle and shipbreaking scrap have remained stable over the past week but the pressure on them was increasing because of falling prices for finished and semi-finished steel and a strengthening of the country's lira, sources said on Monday October 1.Metal Bulletin's weekly price assessment for auto bundle (DKP grade) ferrous scrap was unchanged week-on-week on Octob...Read More
Prime grades of scrap in Asia are fetching strong premiums over obsolete grades on higher demand for high-quality raw materials from regional induction and electric-arc furnaces.Prices for containerized busheling were at $390-400 per tonne cfr Indonesia last week, while those for containerized plate and structural (P&S) scrap were at $370-380 per tonne cfr Indonesia. Containerized shredded scrap w...Read More
Blackstone Resources AG has launched a research and development program focused on new battery technology, with the goal of developing small and flat batteries for the mobile phone and laptop markets, the company said. A variety of metals will be tested for the technology, which would also have further applications across the broader batteries market. The Baar, Switzerland-based mining and explora...Read More
Comex copper prices fell in the US morning on Monday October 1 due to poor Chinese manufacturing data released overnight.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange fell 2.50 cents or 0.9% to $2.78 per lb. Earlier today, the contract hit an intraday low of $2.755, the lowest since September 21.In critical data points, Chinese Caixin manufacturing...Read More
Radoslaw Zalozinski has left his position as an executive director with Polish copper producer KGHM after 19 years with the group, Fastmarkets learnt on Monday October 1.Most recently, he was executive director of finance and risk management for the company, as well as president of the market & credit and risk committees.Zalozinski was also chairman of the finance committee...Read More
Blackstone Resources AG has launched a research and development program focused on new battery technology, with the goal of developing small and flat batteries for the mobile phone and laptop markets, the company said. A variety of metals will be tested for the technology, which would also have further applications across the broader batteries market. The Baar, Switzerland-based mining and explora...Read More
A joint venture comprising Tsingshan Group, GEM, Brunp Recycling, PT Indonesia Morowali Industrial Park (IMIP) and Hanwa Co Ltd will invest $700 million to develop a nickel-cobalt project in Indonesia. The project, located in Morowali County, Central Sulawesi in Indonesia, has a target production capacity of 50,000 tonnes per year of nickel and 4,000 tpy of cobalt. It will be able to produce 50,00...Read More
Chinese lithium producer Ganfeng Lithium announced on Friday September 28 that it has reached a strategic cooperation agreement with BMW to supply the German carmaker with lithium compounds.One week ahead of Ganfeng's initial public offering (IPO), which is intended to raise $676 million in a Hong Kong share listing, the companies signed a five-year supply agreement, with the possibility to extend...Read More
Export prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have weakened further on low demand and sufficient stocks, sources told Fastmarkets on Monday October 1.Fastmarkets' weekly price assessment for CIS-origin HRC exports was $525-540 per tonne fob Black Sea on Monday, narrowing upward from $530-540 per tonne fob Black Sea a week earlier."De...Read More
US prices for domestic and imported merchant bar products have held steady once again, while domestic market participants have noted improved lead times. Fastmarket AMM's latest assessment for domestic 2 x 2 x 1/4 -inch angle merchant bar again remained at $38.05 per hundredweight ($761 per short ton) on Friday September 28. Similarly, prices for imported merchant bar held firm at $640...Read More
CIS export rebar and wire rod prices continued to fall in the week ended Monday October 1, with mills reducing their prices to attract customers at a time of lack of demand and increased competition - particularly with Turkish suppliers.Recent offers of CIS-origin rebar were reported within the range of $500-505 per tonne fob Black Sea, down by $10 per tonne week on week.Modest buying activity in...Read More
The board of German industrial conglomerate ThyssenKrupp has unanimously agreed to split the business into two separate companies, it said on Sunday September 30.The company announced the proposed split last week, and has now approved the dividing of the company into ThyssenKrupp Materials, which will include all of the group's steel sector assets as well as the distribution business, and ThyssenK...Read More
The Turkish steel producers went quiet in the deep-sea scrap markets on Monday October 1 after booking a number of cargoes for October and November deliveries in the past week.The mills in the country booked at least four deep-sea cargoes last week, totaling 95,000 tonnes.The prices of scrap shipments into Turkey were expected to remain firm in the short term, market participants said."Current Bal...Read More
Turkish domestic prices for auto bundle and shipbreaking scrap have remained stable over the past week but the pressure on them was increasing because of falling prices for finished and semi-finished steel and a strengthening of the country's lira, sources said on Monday October 1.Metal Bulletin's weekly price assessment for auto bundle (DKP grade) ferrous scrap was unchanged week-on-week on Octob...Read More
Prime grades of scrap in Asia are fetching strong premiums over obsolete grades on higher demand for high-quality raw materials from regional induction and electric-arc furnaces.Prices for containerized busheling were at $390-400 per tonne cfr Indonesia last week, while those for containerized plate and structural (P&S) scrap were at $370-380 per tonne cfr Indonesia. Containerized shredded scrap w...Read More
Import prices for steel slab in Southeast Asia and East Asia have fallen over the past week with an increase in available supplies.Fastmarkets' price assessment for slab imports in Southeast Asia and East Asia was $500-515 per tonne cfr for the week ended Monday October 1, down by $20 per tonne from the previous week.Russia-origin material was heard sold to Southeast Asia at $500-510 per tonne cfr...Read More
The Chinese ferro-silicon market fell in the week ended Friday September 28, with prices dropping as suppliers sought to secure profits ahead of the country's Golden Week holiday.In Europe, the spot market for standard-grade ferro-silicon was steady after dropping for four weeks, with suppliers trying to set a price floor at around ?,?1,300 ($1,508) per tonne delivered. Chinese prices drop ahead o...Read More
Ammonium paratungstate (APT) prices were stable in both China and Europe last week with few spot deals reported because most market participants were gathering in Chengdu, China, for the International Tungsten Industry Association (ITIA) conference. Meanwhile, ferro-tungsten prices in Europe dropped on lower concluded deals. APT prices stable; few spot deals reported Concentrate prices uncha...Read More
The European Commission (EC) has begun an anti-dumping investigation into imported steel welded tubes, pipes and hollow profiles of square or rectangular cross-section originating from Macedonia, Russia and Turkey.The notice about the start of the probe was published in the Official Journal of the European Union on Friday September 28.The investigation was started after the Defence Committee of th...Read More
Rio Tinto and its joint venture partners Mitsui and Nippon Steel & Sumitomo Metal have approved an investment of $1.55 billion to sustain production of Pilbara Blend, the Australian iron ore brand that is widely traded in the seaborne market.The joint venture partners will invest $967 million to develop the Mesa B, C and H deposits at Robe Valley, and $579 million in developing Deposits C and D at...Read More