Turkish steel mills ended the week in silence and remained out of the deep-sea scrap market on Friday August 13, sources told Fastmarkets.No new deals were reported this week, but several deals completed in the previous week came to light.On Monday, news emerged of a steel mill in the Iskenderun region purchasing a United States-origin cargo for September shipment comprising 30,000 tonnes of HMS 1...Read More
The export price for pig iron from the Commonwealth of Independent States went down during the week to Thursday August 12 in new sales to neighboring markets.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS, at $540-560 per tonne on Thursday, down from $550-580 per tonne the previous week."The price will continue to go down until the CIS suppliers ar...Read More
Hot-rolled coil prices in the United States remained above $96 per hundredweight ($1,920 per short ton) for a second day, but slipped from an all-time high reached on Thursday August 12.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.11 per cwt ($1,922.20 per ton) on Friday August 13, down by 0.45% from $96.54 per cwt on Thursday, which was the highest since Fastm...Read More
After three consecutive increases, prices for carbon steel plate in the United States held flat in the week to Friday August 13, but market participants expect mills to raise prices soon.Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US remained at an all-time high of $83 per hundredweight ($1,660 per short ton) on Friday, unchanged from August 6 but 219.23% hi...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...Read More
Base metal stocks in Shanghai Futures Exchange-approved warehouses were largely down in the week to Friday August 13, with tin falling most in percentage terms due to a supply tightness in the country.Tin inventories totaled 2,193 tonnes in the week to August 13, down by 651 tonnes (29.7%) from the previous week. The 830 Huangpu Logistics warehouse in Guangdong reported the largest outflow, with v...Read More
Demand for imported steel scrap has increased in Bangladesh over the week to Friday August 13 following a removal of Covid-19 lockdown restrictions across the country, market sources told Fastmarkets.While the strict lockdown was officially ended on August 10, sources said that some Bangladeshi induction furnace (IF) mills had restarted steel production on August 8. The country's electric-arc furn...Read More
The import pig iron market in the United States was soft and calm during the week ended Friday August 13 due to oversupply, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $585-595 per tonne on Friday, narrowing downward from $585-600 per tonne cfr a week before.No new deals were...Read More
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.Fastmarkets conducted a survey of market participants in the battery supply chain - mainly battery materials producers -to assess which battery metals pose the biggest...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 12 that are worth another look.German steelmaker Salzgitter plans to restart its 'C' blast furnace in November this year, a company spokesman told Fastmarkets on August 12.A strike at Codelco's Andina mine in Chile will start at 8am local...Read More
Zimbabwe has banned exports of raw chrome ore with immediate effect and will ban exports of chrome concentrates from July 2022 in order to secure its ferro-chrome industry, the country's cabinet announced on August 3, in a move which proponents of a South African chrome ore export tax believe has strengthened their case."A [total of] 22 smelters are now operating and are shared among nine foreign...Read More
Commodities - including nickel, cobalt hydroxide and fluorspar - are being held in China at Ningbo-Zhoushan Port's Meishan wharf after the facility was locked down due to a positive Covid-19 infection at the site, market participants told Fastmarkets on Thursday August 12.One person was confirmed as infected with Covid-19 on August 11 and the local government has implemented strict controls and ha...Read More
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.Fastmarkets conducted a survey of market participants in the battery supply chain - mainly battery materials producers -to assess which battery metals pose the biggest...Read More
Tesla, the United States-based manufacturer of electric vehicles (EVs), is implementing a blockchain solution for end-to-end cobalt traceability in partnership with Glencore, China Molybdenum (CMOC) and Eurasian Resources Group (ERG), Glencore announced in a press release dated Thursday August 12.The Re|Source blockchain platform that Tesla is piloting was founded by Glencore, CMOC and ERG, and wa...Read More
Turkish steel mills again stayed away from the deep-sea scrap market on Wednesday August 12, while finished steel prices edged lower, sources told Fastmarkets.No new deep-sea cargoes were heard on the market today, continuing a trend of silence, although falling finished steel prices are beginning to weigh on market sentiment and purchasing decisions. The price of rebar in Turkey's domestic...Read More
Italian domestic steel scrap prices decreased in the month to Thursday August 12 following the trend in the international markets, sources told Fastmarkets.Apart from the decline in international scrap prices, the seasonal slowdown and stoppages across the European market also contributed to the domestic price drop.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin,...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 12 that are worth another look.German steelmaker Salzgitter plans to restart its 'C' blast furnace in November this year, a company spokesman told Fastmarkets on August 12.A strike at Codelco's Andina mine in Chile will start at 8am local...Read More
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.Fastmarkets conducted a survey of market participants in the battery supply chain - mainly battery materials producers -to assess which battery metals pose the biggest...Read More
Most prices were down on the afternoon of Thursday August 12 on the London Metal Exchange, with zinc reporting the largest fall, while nickel's three-month price was the only metal to register a gain, of 1.6%. The three-month price of zinc fell to $2,992.50 per tonne on Thursday after reaching $3,043.50 per tonne on Wednesday. Its cash-to-three month spread was last at a $8.25 per tonne conta...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 12 that are worth another look.German steelmaker Salzgitter plans to restart its 'C' blast furnace in November this year, a company spokesman told Fastmarkets on August 12.A strike at Codelco's Andina mine in Chile will start at 8am local...Read More