An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi...Read More
The export price for pig iron from the south of Brazil was firm during the week to Friday August 13 because suppliers have full order books after agreeing sales to the United States.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $540-545 per tonne on Friday, widening upward from $540-542 per...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 13.Susan Zou, Yingchi Yang and...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 domestic price for steel rebar in Brazil - which had not moved in three months - fell on Friday August 13 amid mill discounts, confirming lingering signs of a downturn.In Brazil, rebar supply recovered in 2021, and scrap prices started being cut. The global scenario lent headwinds to the Brazilian rebar price, with a downturn seen particularly in Turkey.Brazil-based steelmakers often follow in...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
Members of the China Iron & Steel Association (Cisa) cut their crude steel, finished steel and hot metal production rates in the first 10 days of August compared with the preceding 11 days, according to data published by the association on Friday August 13.August 1-10 outputCrude steel: 2.04 million tonnes per day, down 2.97%Finished steel: 1.92 million tonnes per day, down 9.46%Hot metal: 1.83 mi...Read More
Chinese automobile production and sales figures continued to fall in July 2021, on both a monthly and an annual basis, although figures for vehicle exports and new energy vehicles hit record highs, the China Association of Automobile Manufacturers (CAAM) has said.Carmakers in China produced 1.86 million units in July, down by 4.1% month on month and by 15.5% year-on-year. Sales came to 1.86 millio...Read More
Iron ore prices across the board drop on Friday August 13 due to continued thin liquidity in the seaborne market, with one market participant describing the outlook as "grim."Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.07 per tonne, down $0.89 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.74 per tonne, down $0.45 per tonne58% Fe fines high-grade premium, cfr Qingdao: $130.6...Read More
China's domestic hot-rolled coil prices extended their losses on Friday August 13, as market participants weighed demand concerns against shrinking production.DomesticEastern China (Shanghai): 5,750-5,780 yuan ($887-892) per tonne, down by 30-40 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,700-5,750 yuan ($880-887) per tonne, upward widening by 40 yuan per tonne The China Iron & S...Read More
Chinese automobile production and sales figures continued to fall in July 2021, on both a monthly and an annual basis, although figures for vehicle exports and new energy vehicles hit record highs, the China Association of Automobile Manufacturers (CAAM) has said.Carmakers in China produced 1.86 million units in July, down by 4.1% month on month and by 15.5% year-on-year. Sales came to 1.86 millio...Read More
Prices for cold-rolled and galvanized steel sheet in the United States climbed again to all-time highs, with many buyers reporting persistent difficulty in finding sufficient spot volumes from domestic mills - potentially for the rest of the year.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US spiked to $107 per hundredweight ($2,140 per short ton) on Thursday August 1...Read More
The price of shredded steel scrap into Pakistan and India diverged on Friday August 13 with Pakistan reporting restocking behaviour while demand in India remained low, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $532.37 per tonne on Friday, up from $530.64 per tonne one week earlier.Deal prices increased durin...Read More
Export prices for Brazil-origin slab fell in the week ended on Friday August 13, with buyers resisting current offer levels to get better deals.Buyers and sellers continued to negotiate for October-shipment batches, with many re-rollers in the US willing to purchase material, but placing bids at $900 per tonne fob and below. On the other hand, sellers were trying to maintain prices from previous d...Read More
Australia-listed lithium miners Orocobre and Galaxy have gained the shareholders' and court approvals that were necessary for their proposed merger, the companies announced on Friday August 13.On August 6, Galaxy's shareholders voted in favor of the deal, and on August 13 the Supreme Court of Western Australia made orders approving the proposed merger, the companies said.According to the merger sc...Read More
Base metals prices on the London Metal Exchange were trading mostly higher at the close on Friday August 13, with copper, aluminium and lead all making gains.The three-month aluminium price closed at $2,600 per tonne, up from $2,582.50 per tonne. This was the first time it has closed above $2,600 per tonne since August 2.The price hit an intraday trading high of $2,622.50 per tonne, also the highe...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi...Read More
Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.Turkish scrap prices fell amid weak downstream demandUnited States scrap exports were poor due to high freight costsWeak demand for imports in Vietnam due to Covid-19China abstains from purchasing due to large bid-offer sp...Read More
The export price for pig iron from the south of Brazil was firm during the week to Friday August 13 because suppliers have full order books after agreeing sales to the United States.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $540-545 per tonne on Friday, widening upward from $540-542 per...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...Read More