Record-high coking coal prices have been pressuring steelmakers in the Commonwealth of Independent States (CIS), mainly in Ukraine, because of a dependence on imports, sources told Fastmarkets.Global coking coal prices have been trending upward since October 2020, when the Chinese government imposed a ban on Australian materials.Fastmarkets' index for premium hard coking coal, cfr Jingtang -...Read More

The export pig iron market from the Commonwealth of Independent States improved in the week to Thursday October 14, with new sales to Italy and a bullish mood among suppliers.Fastmarkets' price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $500-520 per tonne on Thursday, up by $10 from $490-510 per tonne the previous week.Several sales of Ukraine-origin pig iron...Read More

The United States Department of Labor informs us:September consumer prices trampolined to the highest annual level in 13 years… to 5.4%.Energy prices are 1.3% costlier - and nearly 25% costlier since September last.Eating costs 0.9% more since last month - and 4.6% for the year.Eggs and various meats are 10.5% dearer this year. Specific meats - beef - are 17.6% dearer this year.If it is expl...Read More

Turkish steel mills booked at another five cargoes on Friday to bring the total for the week to 10, market participants told Fastmarkets on October 15.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 21,000 tonnes of HMS 1&2 (80:20) at $487 per tonne and 4,000 tonnes of shredded at $507 per tonne cfr. The cargo was scheduled to be shipped on December 15.A steel mill in the...Read More

Prices for shredded steel scrap imported into Pakistan and India increased further on Friday October 15, with trading reported throughout the week, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $546.22 per tonne on Friday October 15, up from 535.07 per tonne one week prior.Deals were heard at $535 per tonne, $54...Read More

Seaborne coking coal prices stayed largely stable in the cfr China market but decreased in the fob market on Friday October 15, amid weak offers and bids.Prices for seaborne pulverized coal injection (PCI) increased in both the cfr China and fob Australia market in the week to October 15 due to supply tightness in both markets, market sources said on Friday.Fastmarkets indicesPremium hard coking c...Read More

Seaborne iron ore prices fell on Friday October 15 amid lower traded volumes at Chinese ports, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $125.22 per tonne, down $0.69 per tonne62% Fe low-alumina fines, cfr Qingdao: $126.50 per tonne, down $1.10 per tonne58% Fe fines high-grade premium, cfr Qingdao: $94.29 per tonne, down $0.64 per tonne65% Fe Brazil-origin fin...Read More

Domestic hot-rolled coil prices in China cruised higher on Friday October 15, with the futures market extending its gains on production curbs in the country showing no signs of easing.DomesticEastern China (Shanghai): 5,760-5,830 yuan ($896-907) per tonne, up by 20-40 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5,780 yuan per tonne, down by 20-60 yuan per tonne The most-trade...Read More

Eastern China rebar prices lost upward momentum on Friday October 15 due to sellers' need to reduce inventories.DomesticEastern China (Shanghai): 5,770-5,800 yuan ($896-901) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,600-5,650 yuan per tonne, down by 200 yuan per tonneSellers expect prices will have little chance to rise in the remaining days of October, so...Read More

LME base metals prices were little changed early on Friday October 15, but the strong gains seen during this LME Week support our long-held view that we are in a supercycle, with other factors, such as power cuts in China, high energy costs and logistics issues, also having an impact.LME metals up by an average of 6.6% this week, with zinc up by 14%Brent crude oil approaching $85 per barrelEU pass...Read More

An overview of the aerospace materials markets and the latest price moves in the week to Friday October 15.Jessica Long, Zihao Li and Ruby...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...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 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.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 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

Italian stainless steel re-roller Marcegaglia Specialties reported a fire at one of its flat product pickling lines on Thursday October 14 and will be out of action for two to three months, a company source told Fastmarkets on October 15.The pickling line, which is located at the company headquarters in Gazoldo Degli Ippoliti in northern Italy, has a capacity of 15,000 tonnes per month. The compan...Read More

Demand for 'green energy' metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients. On October 13, Tesla inked a multi-year nickel supply deal with New Caledonia's Prony Resources, which will give the EV maker roughly 42,000 tonnes of the metal, making it the miner's largest custom...Read More

BHP (NYSE: BHP; LSE: BHP; ASX: BHP) secured key backing for its climate transition strategy despite concerns that the long-term plan to tackle customers' greenhouse gas emissions did not go far enough. At its annual general meeting in London, the world's largest miner's climate change roadmap won an 83% support - a much stronger outcome than the knife-edge result some analysts had predicted....Read More

Alrosa (MCX: ALRS), the world's top diamond miner by output, warned that global stocks of roughs are nearing multi-year lows, as demand continues to increase with not meaningful supply response from miners.The Russian producer, which posted results for the three months to Sep. 30, said it had sold 9.2 million carats in the period. That's a 20% drop from the previous quarter, which Alrosa attri...Read More