Brazilian steel slab producers could benefit from the imposition by Russia of an export duty on shipments of steel and non-ferrous metals, market participants told Fastmarkets on Friday June 25.The decision could result in reduced availability of slab in the spot market, and bottlenecks in key consuming regions, they said.Fastmarkets assessed the price for steel slab, export, fob main port Brazil,...Read More
China plans to carry out a pilot program to develop rooftop distributed solar photovoltaics (PVs) across the country, according to a notice issued recently by the nation's National Energy Administration (NEA).Metal market participants were bullish about the long-term development of solar energy in China. They said that such a policy would benefit solar energy-related markets such as tellurium and...Read More
Poland wire rod producers raised prices for July material, as expected, with shortages and good demand remaining the key drivers for the uptrend, Fastmarkets heard on Friday June 25.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 4,000-4,100 zloty ($1,054-1,081) per tonne on Friday, up 200 zloty from 3,800-3,900 zloty per tonne delivered la...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 Cobalt hydroxide p...Read More
Russia, the largest global supplier of pig iron, is likely to impose a temporary tax on exports of non-ferrous metals, including pig iron, sold outside the Eurasian Economic Union (EAEU).Russia's economy ministry has proposed that the government impose temporary export duties between August 1 and December 31, 2021. The final decision must be before June 30, because Russian law requires a month bet...Read More
Customer requirements and financing will shape the decarbonization of the steel industry, panelists said at Fastmarkets' 2021 Steel Success Strategies Industry Briefing earlier this week.The steel industry is not shaping decarbonization - instead, external forces are driving it, McKinsey & Co partner Benedikt Zeumer said on Tuesday June 24."Customer requirements will bolster industry to reduce the...Read More
The United States' pig iron import market fell in the latest bookings during the week to Friday June 25, although a rebound may come on the threat of reduced supply from Russia if a proposed export tax is implemented.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $645-655 per tonne on Friday, down from $650-665 per tonne a week earlier.One booking of Russia-origin...Read More
The pig iron export market in Brazil remained muted in the week to Friday June 25 due to continuing long lead times, but demand is expected to pick up if Russia implements a pig iron export tax in the coming weeks, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday, unchanged week on week.The market remained ina...Read More
Aluminium stock levels on the London Metal Exchange have been steadily declining in 2021 to date and on-warrant stock levels now sit at their lowest since March 2020. After a number of cancellations and deliveries out this week, only 941,875 tonnes of aluminium are listed as on warrant - with the rest canceled and booked for delivery out. By comparison, on-warrant stocks were at well over 1.3 mill...Read More
Domestic prices for hot-rolled coil in Europe remained fairly stable on Friday June 25, supported by persistent short supply, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,191.14 ($1,421.24) per tonne on June 25, up by just ?,?0.27 from ?,?1,190.87 per tonne on June 24.The index was also up by ?,?39.14 per tonne w...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
Prices for shredded steel scrap imported into India and Pakistan have moved down over the past week on poor demand, sources told Fastmarkets on Friday June 25.Fastmarkets' calculation of the steel scrap shredded, index, import, cfr Nhava Sheva, India, was $524.57 per tonne on June 25, down from $531.17 per tonne on June 22 and $533.93 per tonne on June 18.Deal levels this week ranged widely, from...Read More
An overview of the aerospace materials markets and the latest price moves.Read More
The price of flat-rolled stainless steel in Europe resumed its upward trend this week amid a continuing supply shortage, sources told Fastmarkets on Friday June 25.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?3,450-3,500 ($4,116-4,176) per tonne on Friday, up ?,?100 from ?,?3,350-3,400 per tonne a week...Read More
The price of pig iron exported from the Commonwealth of Independent States dipped in the week to Thursday June 24 on reduced buying activity after key consumers restocked earlier in June and are now anticipating lower prices. Fastmarkets assessed the price of high-manganese pig iron, export, fob main port Black Sea, CIS at $610-635 per tonne on Thursday, widening downward from $625-635 per to...Read More
Iron ore prices increased across the board on Friday June 25, boosted by an increase in downstream steel prices. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $216.45 per tonne, up $2.99 per tonne 62% Fe low-alumina fines, cfr Qingdao: $218.75 per tonne, up $1.67 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $187.16 per tonne, up $3.30 per tonne 65% Fe Brazil-origin fines, cfr...Read More
European buyers of imported steel products are shocked by the extension of existing safeguard measures for another three years at a time when most of the industry's segments are struggling from material shortage and, consequently, high prices. European Union member states voted in the week ended June 18 in favor of a proposed extension of these measures for three years beyond their scheduled...Read More
Relatively tight supplies and firm demand from major processors that sell product to steel mills supported the light iron market over the week to Friday June 25, with prices expected to hold firm into early July when consumers return for monthly delivery settlements for that month, sources have told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More
Turkish steel mills ended the working week with a single deep-sea cargo amid limited rebar demand, especially in the export markets, sources told Fastmarkets on Friday June 25.A steel mill in the Izmir region booked a United States-origin cargo comprising 10,000 tonnes of heavy melting scrap 1&2 (80:20) at $499 per tonne, 16,000 tonnes of shredded and 2,000 tonnes of bonus at $519 per tonne cfr on...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