Domestic and imported steel beam prices rose in the United States on Thursday July 29 after remaining flat the prior month.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US rose to $63 per hundredweight ($1,260 per short ton) on July 29, up by 5% from $60 per per cwt in May and June and up by 20% from $52.50 per cwt on April 29.Fastmarkets' assessment for steel beams medium se...Read More
Fastmarkets' copper concentrates index jumped this week with both smelters and traders locking higher numbers for spot cargoes.Fastmarkets' assessment of the copper concentrates treatment charge/ refining charge index cif Asia Pacific has risen to its highest level since late April 2020, at $53.2 per tonne on July 30.Smelters bought spot cargoes in the mid-to-high...Read More
Domestic and imported steel beam prices rose in the United States on Thursday July 29 after remaining flat the prior month.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US rose to $63 per hundredweight ($1,260 per short ton) on July 29, up by 5% from $60 per per cwt in May and June and up by 20% from $52.50 per cwt on April 29.Fastmarkets' assessment for steel beams medium se...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.Turkey import buy prices drop amid poor long steel salesRising scrap availability on US East Coast depresses export pricesVietnam remains out of import scrap market am...Read More
The prices of shredded steel scrap imports into Pakistan and India weakened on Friday July 30 following a drop in Turkish scrap prices, sources told Fastmarkets.Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $544.77 per tonne on Friday, down from $546.46 per tonne a week earlier.Deals were reported at $543-545 per tonne this week, down from deal...Read More
Precious metals mining company Sibanye-Stillwater is going to buy the Sandouville nickel hydrometallurgical processing facility from French mining group Eramet SA in a move to build on its strategy to diversify into the battery metals supply chain, the company said.The current Sandouville facilities, located in Normandy, France, include a hydrometallurgical nickel refinery with a capacity of 12,00...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...Read More
The new infection cases in Eastern China's Nanjing city made some construction sites in a few districts slowing work, but didn't cause major influence in a large range and the rebar prices kept the upward trend on Friday July 30.DomesticEastern China (Shanghai): 5,340-5,370 yuan ($827-831) per tonne, up by 40 yuan per tonneNorthern China (Beijing) weekly assessment: 5,250-5,320 yuan per tonne, up...Read More
Sudbury, a Vale SA mine in Canada where workers have been striking since June 1, has had "a very large impact" on the Brazilian miner's operations, the company's chief executive officer told analysts on July 29."Even if we quickly resolve the strike, we will still have many weeks until we normalize," CEO Eduardo De Salles Bartolomeo said, without directly answering a question on how long the strik...Read More
Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology. The proposed wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices but are instead intended to describe the process more clearly to increase market participants' understanding of how editorial judgment is applied. The changes are not...Read More
Iron ore prices drop drastically on Friday July 30 with market sentiment depressed by worsening demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $181.57 per tonne, down by $14.49 per tonne62% Fe low-alumina fines, cfr Qingdao: $182.80 per tonne, down by $14.66 per tonne58% Fe fines high-grade premium, cfr Qingdao: $146.61 per tonne, down by $14.26 per tonne65% Fe Brazil-origin fines,...Read More
Seaborne coking coal prices increased in the cfr market on Friday July 30 with more buying interest and fewer tradable resources, sources told Fastmarkets. The fob market was broadly stable on the last workday of the week.Prices for seaborne pulverized coal injection (PCI) rose in the cfr market in the week to July 30 following a strong domestic market. The fob market stayed largely stable during...Read More
A surge in raw material prices, principally for direct-reduced iron (DRI), over the week ended Friday July 30 has led to Indian secondary billet prices rising by about 800 rupees ($11) per tonne.Fastmarkets assessed the price of steel billet, domestic, ex-works India, at 43,000-43,200 rupees ($579-582) per tonne on Friday, up by 800 rupees per tonne from last week's assessment at 42,200-42,400 rup...Read More
A summary of Glencore's production results for the first half year of 2021, released on Friday July 30.In brief The company's own sourced zinc production rose year on year, mainly due to recovery from Covid-related suspensions in the second quarter of 2020, particularly in Peru. Its own sourced nickel production was lower compared to the corresponding period in 2020 due to major planned maintenanc...Read More
Seaborne coking coal prices increased in the cfr market on Friday July 30 with more buying interest and fewer tradable resources, sources told Fastmarkets. The fob market was broadly stable on the last workday of the week.Prices for seaborne pulverized coal injection (PCI) rose in the cfr market in the week to July 30 following a strong domestic market. The fob market stayed largely stable during...Read More
Chinese aluminium producer Yunnan Shenhuo will cut its output by 50,000 tonnes because of the latest round of power restrictions announced by local power supplier Yunnan Power Grid on July 27.The reduction in output was announced on the Shenzhen Stock Exchange website on Friday July 30, in a notice from the producer's parent company, Shenhuo Group, an aluminium and aluminium products fabricator li...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
Iron ore prices drop drastically on Friday July 30 with market sentiment depressed by worsening demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $181.57 per tonne, down by $14.49 per tonne62% Fe low-alumina fines, cfr Qingdao: $182.80 per tonne, down by $14.66 per tonne58% Fe fines high-grade premium, cfr Qingdao: $146.61 per tonne, down by $14.26 per tonne65% Fe Brazil-origin fines,...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies,...Read More