Prices for shredded steel scrap imported into India and Pakistan were largely steady on Friday April 16 with the market mulling a possible downward trend, sources told Fastmarkets. India Fastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $457.22 per tonne on Friday, compared with $456.38 per tonne one week previous. Deals were heard at $455, $457 and $4...Read More
Premium hard coking coal prices were largely stable in the cfr and fob markets on Friday April 16 amid limited trading activity, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.81 per tonne, down by $0.13 per tonnePremium hard coking coal, cfr Jingtang: $220.49 per tonne, up by $0.42 per tonneHard coking coal, fob DBCT: $105.12 per tonne, down by $0.5...Read More
Seaborne iron ore prices were largely unchanged due to a lack of liquidity in the market on Friday April 16, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $178.43 per tonne, up $0.02 per tonne62% Fe low-alumina fines, cfr Qingdao: $178.56 per tonne, down $0.12 per tonne58% Fe fines high-grade premium, cfr Qingdao: $153.58 per tonne, up $0.73 per tonne65% Fe Brazi...Read More
China's domestic hot-rolled coil prices were stable on Friday April 16, though they remain close to their highest in 12 years.DomesticEastern China (Shanghai): 5,480-5,510 yuan ($840-844) per tonne, unchangedNorthern China (Tangshan) - weekly assessment: 5,430-5,470 yuan per tonne, down 60-70 yuan per tonneSeveral sources told Fastmarkets that spot sellers were offering HRC at 5,480-5,490 yuan per...Read More
Nickel and lead futures prices on the London Metal Exchange pushed up on the morning of Friday April 16, while most other metals consolidated after a Thursday session that saw copper pulling along most of the other base metals. Nickel's three-month price was the only one in the complex to not close higher on Thursday - drifting down some $14 from Wednesday close to $16,364 per tonne...Read More
Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday's strength, which followed strong US data. China's gross domestic product (GDP) climbed by 18.3% year on year in Q1US treasury yields dropped, lifting gold and equi...Read More
With the latest trade case against silicon imports expected to conclude in domestic producers' favor, the price of silicon metal in the United States has reached its highest point in more than a decade - surpassing the highs reached at the time of the last trade case in 2018.Fastmarkets assessed the price for silicon, ddp US at $1.43-1.50 per lb on Thursday April 15, up from $1.41-1.48 per lb on A...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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
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 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...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...Read More
Key data from Fastmarkets' pricing sessions on Friday April 16 in China, Europe and the United States.China The China ferro-silicon price continued to narrow downward in alignment with the lowering of steel mills' tender prices for 72% grade alloys and the availability of inventory. Smelters in Ningxia and Qinghai were ramping up production, which largely offset the supply shortage arising from...Read More
Key data from Fastmarkets' pricing sessions on Friday April 16 in China, Europe and the United States.China Seaborne low-grade manganese ore prices declined after major suppliers cut their offers and buyers showed a healthy appetite for offers that matched portside prices. Seaborne high-grade manganese ore prices also fell, with existing offers rejected by buyers, who cited low portside prices. Po...Read More
Turkish steel producers ended the working week with no deep-sea bookings, amid limited demand in the country's domestic long steel market, sources told Fastmarkets on Friday April 16.There have been no deep-sea bookings since the end of last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More
Spot prices for imported ferrous scrap in China were stable on Friday April 16 even with Chinese steel mills continuing to seek out cargoes of HRS101, the Chinese grade for plate and structural scrap.The highest bids heard for such cargoes were $500-501 per tonne cfr northeastern China, though mills that are not actively seeking material or those that harbor bearish sentiment are bidding at $485-4...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.Copper's three-month price closed at $9,284 per tonne on Thursday at 5pm, the highest since February 25, when the metal reached its year-to-date high of $9,...Read More