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 assessed Cobalt alloy grade, in-whs...Read More
The prices of billet in the Turkish market have fallen in the past week because of the downturn in scrap values and soft demand, sources said on Thursday August 5.Turkish steel producers resumed their deep-sea scrap bookings on Tuesday August 3 after a short break, taking advantage of lower prices.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculat...Read More
Bangladeshi steelmakers have showed only limited interest in buying imports of steel scrap over the last week amid a continuing strict lockdown in the country, sources said on Thursday August 5.The country's strict Covid-19 lockdown was extended until Tuesday August 10, government officials announced on August 3. A feature of this latest lockdown is that most heavy industry such as steel productio...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.Generally, LME base metals seem to be boxed in between scale-up selling when prices are near the highs and dip-buying into pullbacks. This is perhaps not surprising given that we are in the middle of the summer lull.Shanghai base metals are gener...Read More
Seaborne coking coal stayed strong in both the fob and cfr markets on Thursday August 5, with limited tradable resources and high offers in both markets, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $216.79 per tonne, up $1.28 per tonnePremium hard coking coal, cfr Jingtang: $328.54 per tonne, up $1.05 per tonneHard coking coal, fob DBCT: $186.41 per tonne, up $1.50 per tonn...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
The domestic markets for hot-rolled coil across Europe were seasonally quiet on Thursday August 5, with prices holding stable, Fastmarkets heard.European buyers have replenished their HRC stocks and were largely holding back from trading while evaluating the market situation. Regular trading activity was expected to revive toward September, following the traditional market activity cycle in Europe...Read More
The three month price of zinc outperformed the rest of the London Metal Exchange complex with a 1.8% rise on Thursday August 5 and most other prices advanced despite limited traded volumes. The metal rose to $3,028.50 per tonne on Thursday, its highest close since Monday, when it reached $3,050.50 per tonne. Top Canadian miner Teck Resources announced late on Wednesday that its Trail Ope...Read More
US President Joe Biden has unveiled plans make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid or fuel cell electric vehicles (EVs). The move - backed by major automakers Ford, General Motors and Stellantis, along with the United Auto Workers (UAW) union - is part of the White House's proposed Build Back Better agenda, along with...Read More
Cobalt hydroxide prices rose recently despite weakness in downstream salt prices in the domestic Chinese market, as ongoing disruptions and delays at port operations in South Africa have prompted sellers to keep their offers firm and take advantage of spot sales where buyers need prompt availability.Fastmarkets' assessment for the cobalt hydroxide payable indicator, min 30% Co, cif China was 88-92...Read More
Stahl-Holding-Saar (SHS) and its subsidiary, Saarstahl, have acquired the steel plants at Ascoval and Hayange in France from Liberty Steel, Saarstahl said on Thursday August 5.The acquisition has been formally validated by the French authorities, but the value of the deal was not disclosed."We are proud that our industrial concept for the takeover of Ascoval and Hayange has been validated and can...Read More
The prices of billet in the Turkish market have fallen in the past week because of the downturn in scrap values and soft demand, sources said on Thursday August 5.Turkish steel producers resumed their deep-sea scrap bookings on Tuesday August 3 after a short break, taking advantage of lower prices.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculat...Read More
Domestic prices for hot-dipped galvanized coil were fairly stable in Northern Europe in the week to Wednesday August 5 despite falling import offers, sources have told Fastmarkets.In Southern Europe, however, prices declined due to seasonally weaker demand, cheaper import offers and increased availability, according to market participants.Northern EuropeFastmarkets' weekly price assessment for ste...Read More
Egyptian rebar producers maintained their offers in the week to August 5 despite limited demand and lower scrap prices, sources told Fastmarkets.Rebar offers have held steady at E ?14,300-14,600 ($909-928) per tonne ex-works, including 14% value-added tax (VAT), since May 17.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Egypt was E ?14,300-14,600 per tonne on...Read More
The domestic markets for hot-rolled coil across Europe were seasonally quiet on Thursday August 5, with prices holding stable, Fastmarkets heard.European buyers have replenished their HRC stocks and were largely holding back from trading while evaluating the market situation. Regular trading activity was expected to revive toward September, following the traditional market activity cycle in Europe...Read More
A summary of the financial results for Austrian steelmaking group Voestalpine for the second quarter of 2021.Voestalpine has reported significant year-on-year earnings growth for the period from April 1 to June 30, 2021, the first quarter of its financial year. Almost all of the group's market and product sectors showed growth and positive performance, although in the aerospace sector earnings wer...Read More
The three month price of zinc outperformed the rest of the London Metal Exchange complex with a 1.8% rise on Thursday August 5 and most other prices advanced despite limited traded volumes. The metal rose to $3,028.50 per tonne on Thursday, its highest close since Monday, when it reached $3,050.50 per tonne. Top Canadian miner Teck Resources announced late on Wednesday that its Trail Ope...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.Generally, LME base metals seem to be boxed in between scale-up selling when prices are near the highs and dip-buying into pullbacks. This is perhaps not surprising given that we are in the middle of the summer lull.Shanghai base metals are gener...Read More
Domestic prices for hot-dipped galvanized coil were fairly stable in Northern Europe in the week to Wednesday August 5 despite falling import offers, sources have told Fastmarkets.In Southern Europe, however, prices declined due to seasonally weaker demand, cheaper import offers and increased availability, according to market participants.Northern EuropeFastmarkets' weekly price assessment for ste...Read More