The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
Aluminium's price on the London Metal Exchange was up 2.2% at the close to $2,265 per tonne on March 19, with the rest of the base metals complex also benefiting from a short-covering bounce on Friday.The light metal came to $2,275 per tonne on Friday at around 4:30pm, its highest level since June 14 2018, when it reached $2,280 per tonne at a time of deep trade tensions between the United States...Read More
A strike by transport workers in Peru has disrupted the movement of metal concentrate between mines and key ports such as Callao, in Lima. The strike by freight carriers began on Monday February 15, affecting commercial trucking for all products and has emerged due to high fuel and toll costs, among other grievances, according to local media outlet El Comercio. Peru was the world's top exporter of...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
A strike by transport workers in Peru has disrupted the movement of metal concentrate between mines and key ports such as Callao, in Lima. The strike by freight carriers began on Monday February 15, affecting commercial trucking for all products and has emerged due to high fuel and toll costs, among other grievances, according to local media outlet El Comercio. Peru was the world's top exporter of...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 19.China Seaborne low- and high-grade manganese ore prices dropped after miners encountered strong resistance among buyers, who launched aggressive counter-bids. Portside low- and high-grade manganese ore markets slipped again, driven by falling silico-manganese futures prices, with many selle...Read More
Spot copper concentrate processing charges rebounded for the first time so far this year on Friday March 19, following 11 consecutive weekly declines. Fastmarkets calculated its benchmark copper concentrate treatment and refining charge (TC/RC) index, cif Asia Pacific at $28.10 per tonne/ 2.81 cents per lb for the week ended Friday March 19. Last week, the index dipped below $30...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Dalila Ouerghi in...Read More
Global steel scrap prices continued to fall over the week ended Friday March 19, with market participants battling against the disruptions in the bulk freight sector.Turkey goes quiet despite rise in available cargoesUS sellers expect Turkey to return for scrap soonLack of free vessels hobbles Vietnam import businessBuying slows in China amid weaker appetite for scrapSellers to Taiwan resist furth...Read More
The market for light iron steel scrap in the UK dropped in the week to Friday March 19, tracking a similar move in the European deep-sea export markets to Turkey and the Indian subcontinent, although British domestic supply tightness should support prices in the near term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-m...Read More
Prices for shredded steel scrap imported into India and Pakistan fell in the week to Friday March 19 due to weak market conditions and poor demand from buyers, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $427.50 per tonne on Friday, down from $450.83 per tonne the week previous.A deal was heard at $425 per tonne for...Read More
A strike by transport workers in Peru has disrupted the movement of metal concentrate between mines and key ports such as Callao, in Lima. The strike by freight carriers began on Monday February 15, affecting commercial trucking for all products and has emerged due to high fuel and toll costs, among other grievances, according to local media outlet El Comercio. Peru was the world's top exporter of...Read More
Battery-grade lithium prices in the seaborne Asian market broadly continued to follow the strong momentum previously seen in the domestic Chinese market, although upward movement there has been tempered since mid-March.The battery-grade lithium hydroxide price in the seaborne Asian market jumped by 9.5% week on week due to increasingly tight supply and firm demand. Both lithium carbonate and hydro...Read More
Import activity in the South American flat-rolled steel market was nearly at a halt in the week ended on Friday March 19 due to growing uncertainty about the existing Chinese steel export tax rebate.Many importers have temporarily stopped trading China-origin material due to information that has circulated about possible reductions on China's export tax rebate for steel products, either...Read More
Demand for flat-rolled steel was strong in Turkey's domestic market, and prices kept increasing during the week ending Friday March 19, sources told Fastmarkets.Hot-rolled coil and cold-rolled coil producers in Turkey were accepting orders to be produced in late July, and several import orders were placed.But production was halted by two automotive producers in Turkey - Tofas (March...Read More
The never-before-seen measures meted out by China's Tangshan provincial government could cut hundreds of thousands of tonnes per day in steel output and hit raw material demand in 2021, market sources told Fastmarkets. Tangshan's environmental protection office said on Friday March 19 that it is looking to tighten its grip on air pollution in the city, especially after it found that not all s...Read More
Indian domestic secondary billet prices fell by 100-200 rupees ($1-3) per tonne during the week to Friday March 19 on fewer inquiries and weakness in prices for finished products such as rebar.Fastmarkets' assessment of steel billet domestic, ex-works India was 38,500-38,800 rupees per tonne on Friday, down 100-200 rupees from 38,700-38,900 rupees per tonne ex-works last week."There will be a...Read More