An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda, Fleur...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 Cobalt standard...Read More
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.Read More
Key data from Fastmarkets' pricing sessions in Europe, the United States and China on Friday May 28.China The China ferro-silicon price narrowed downward slightly following a correction of the previous price rally, but the general sentiment remained positive amid Ningxia's production cuts related to the dual control of energy consumption, with suppliers' offers broadly holding firm. The China ferr...Read More
The price range for flat-rolled stainless steel in Europe narrowed upwards this week, reflecting a continued shortage of supply that is likely to become more pronounced with the introduction of anti-dumping duties on material from India and Indonesia. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm grade 304, transaction domestic, delivered North Europe was ?,?3,150...Read More
OM Holdings (OMH) has suspended operations at its ferro-alloys plant at Sarawak in Malaysia due to an outbreak of the Covid-19 virus among workers, the Singapore-based mining and trading company said.Affected premises have been instructed to stop operations temporarily until all employees test negative.OMH has put the Sarawak plant under care and maintenance until further notice and warned that sh...Read More
China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have lowered their ferro-chrome tender prices for June delivery by 50 yuan ($7.84) per tonne compared with the previous month.The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Friday May 28 were 7,250 yuan and 7,445 yuan per tonne respectively, slightly down from the 7,300...Read More
The European Commission (EC) has imposed provisional anti-dumping duties at rates of 13.40-34.60% on imports of stainless steel cold-rolled flat products originating in India and Indonesia, it has announced.This decision was published in the Official Journal of the EU on Thursday May 27.In April 2021, the EC notified interested parties about its intent to impose provisional measures on such produc...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index rose to above $30/3 cents for the first time since March. Fastmarkets' copper concentrate TC index, cif Asia Pacfic was at $30.10 per tonne/3.01 cents per lb on Friday May 28,its highest level since March 5. Spot activity was limited for the week ended May 28, with smelters looking for $40/4...Read More
Import prices for steel scrap in China were unchanged on Friday May 28 despite the most-traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange (SHFE) closing higher by 4.07% and 4.94% respectively in the afternoon.Offers for heavy scrap (HS) from Japan were heard at $570 per tonne cfr China on Friday, a $10 per tonne increase compared with a day earlier.There were also...Read More
Import prices for ferrous scrap in Vietnam continued to fall in the week to Friday May 28 due to sentiment weakened by plunging steel prices in China recently.Japanese H2 scrap cargoes were offered at $490-497 per tonne cfr Vietnam this week, down by $13-20 per tonne from last week's $510 per tonne cfr Vietnam.Three transactions were heard to have been concluded at $470 per tonne cfr, $472 per ton...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 27 that are worth another look.Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into...Read More
Copper's 2.4% price rise at the close of trading on Thursday May 27, supported by the start of a strike at BHP's operations center in Chile, led the rest of the London Metals Exchange base-metals complex higher, making it the first day of strong rises following a week of lower prices.The three-month price of copper was $10,221 per tonne on Thursday at the close, up from Wednesday's $9,979 per tonn...Read More
Rio Tinto is partnering with Swedish research and development firm Comptech AB to bring a new generation of aluminium alloys to the market for use in advanced technologies, such as electric vehicles (EV) and 5G antennas, the UK-listed mining company said.The company said the products are currently undergoing qualification with automakers in Europe, who are stepping up efforts to increase their sha...Read More
Canada will seek to work with its allies and partners to develop supply chains that will help them to meet global climate goals, according to the associate deputy minister at the Department of Natural Resources Canada (NRCan).Shawn Tupper said that this will include building mineral value chains and downstream processing, products and technologies, and leveraging mining practices, to position Cana...Read More
Trade union members employed at BHP's operations center in Santiago de Chile were set to begin an indefinite strike on Thursday May 27, Fastmarkets has heard.Around 200 employees represented by the union were to stop working at BHP's Center of Integrated Operations, which manages the concentrates and cathode machinery at the company's Escondida and Spence copper mines.The strike was called after u...Read More
A combination of strong demand and tight supplies in the global silico-manganese market has revived Chinese exports, which have been largely dormant over the past decade, sources told Fastmarkets this week.As the world's largest silico-manganese producer, China was a significant supplier to buyers in Asia and Europe until the removal of an export rebate in 2005. And a 20% tariff introduced 2007 fu...Read More
Copper's price is trading at all-time highs - and now the countries where it is mined the most want a piece of the action.The London Metal Exchange's three-month copper contract recently hit an all-time high of $10,747 per tonne - industrial commodities have broadly rallied on the expectation that government investments in green energy schemes and infrastructure projects after the Covid-19 pandemi...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 27 that are worth another look.Energy majors Royal Dutch Shell, Exxon Mobil and Chevron received landmark rebukes - in court or from investors - on Wednesday May 26 in attempts to force the companies into...Read More
Four key takeaways from the 6th China International LiCoNi Summit in Changsha, China, on May 20-21, 2021.1. Weak nickel market sentiment now but long-term positive Sentiment remained weak among domestic market participants at the conference because they think both the mild hawkish stance evident in the Federal Open Market Committee (FOMC) minutes and the statement from China's State Council that...Read More