The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US hot-rolled coil prices moved in line with our forecasts in January, with actual prices modestly exceeding our forecasts for the month. Fastmarkets' US HRC index averaged $1,099 per ton in January, slightly above our forecast price of $1,075 per ton for the month. W...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The uptrend in European flat steel prices continued in January 2021 as expected, with the prices for hot-rolled coil in the North and South of the region averaging ?,?698 and ?,?686 ($840 and $826) per tonne respectively, within 1% of the Fastmarkets research forecasts.With European HRC prices climbing to their highest level...Read More
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The export market for pig iron from the Commonwealth of Independent States was soft during the week to Thursday February 11, but sentiment improved in the middle of the week on stronger scrap. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $495-510 per tonne on Thursday, widening upward from $495-500 per tonne a week before."Buyers are ra...Read More
The import pig iron import market in the United States was firm during the week to Friday February 12 on new bookings of Russian and Brazilian material. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $510 per tonne on Friday, narrowing from $500-520 per tonne a week earlier.One large pig iron buyer purchased a...Read More
The aluminium primary foundry alloy (PFA) premium in the United States climbed to an 18-month high on Friday February 12, while the premium in Eastern Europe also firmed on tight supply despite thin liquidity.United StatesFastmarkets assessed the aluminium primary foundry alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest at 9-11 cents per lb on Friday, up by 8.1% from 8.5-10 cents...Read More
Chile-based producer Mantos Copper has secured a total of $846.6 million to finance its Mantoverde project in the South American country into production.The finance package includes $275 million in equity from Mitsuibishi Materials, in return for a 30% shareholding in the project, which is scheduled to produce 110,000 tonnes per year of copper from 2023 to 2030.Read More
An overview of the new energy materials markets and their price moves from the past week. Read More
Zinc's price rose the most in the London Metal Exchange base-metals complex in the week to Friday February 12, with all metals showing weekly increases of 2% or more, and with new year-to-date highs for copper, lead, aluminium and tin during the day.Zinc's three-month price rose by 7% throughout the week, closing at 5pm on Friday at $2,834.50 per tonne, its highest since January 8.The galvanizing...Read More
China's copper traders did not want to wait until after the week-long holidays to buy the metal.Wednesday February 10 saw a raft of orders in the London Metal Exchange overnight market, sending volumes well over regular levels as Chinese institutions and traders sought to lock positions ahead of the Lunar New Year.The injection saw copper's price trade at fresh eight-year highs over $8,300 per ton...Read More
Fastmarkets will publish inferred low-carbon midpoint calculations for some aluminium P1020A and value-added product (VAP) markets in line with the launch of the low-carbon aluminium differentials. The low-carbon aluminium differentials are being launched following a two-month market consultation. An inferred number is a calculation using existing Fastmarkets numbers. The new inferred prices will...Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped further into Fastmarkets' record lows, with the market pricing spot cargoes at slimmer discounts to London Metal Exchange prices ahead of the Lunar New Year holidays. Fastmarkets' benchmark copper concentrates TC/RC index, cif Asia Pacific settled at $36.20 per tonne / 3.62 cents per lb on Friday February 12, down from $37 per...Read More
Import prices for flat-rolled steel products edged upward in South America during the week to Friday February 12 with deals settled at prices a little higher than previously, in the absence of Chinese exporters from the market.Offers from China were scarce ahead of the Lunar New Year holiday, February 11-17. But some traders were still trying to sell a remainder of April-shipment cargoes from the...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationThe $571.6 million debt package includes $520 million of senior secured debt with a 12-ye...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedOverall, the company expanded the September 2020 measured and indicated resource 8% to 18.6 million tonnes grading 2.6% copper-equivalent, comprising the...Read More
Flat steel producers in Brazil have applied a new price rise to distributors of 15% on all grades of material, after earlier price increases in January, sources told Fastmarkets on Friday February 12.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, reached 5,848-5,858 Reais ($1,087-1,088) per tonne on Friday, up by 15% from 5,080-5,100 Reais per tonne...Read More
Buyers of flat steel in Turkey held back from making purchases this week, largely because of uncertainty over the direction of prices caused by rising scrap values while China is away for its New Year holiday, sources told Fastmarkets.Demand was only moderate during the week because stock levels were high. they added."The steel sector is like a bus. The driver is China, and half of the passengers...Read More
Domestic prices for hot-rolled coil in Northern Europe moved up day on day on Friday February 12 due to good demand and long lead times, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?720.00 ($873.17) per tonne on Friday, up by ?,?3 per tonne from ?,?717 per tonne on February 11.The index was also up by ?,?10 per tonne we...Read More
Indian secondary billet prices were supported higher in the week to Friday February 12 by increased demand and a resurgence in prices of finished products. The Indian secondary billet market had been slipping since the second week of January, before rising by around $15 per tonne in the latest assessment period. Fastmarkets' price of steel billet domestic, ex-works India was up by 1,100 rupee...Read More
With Greater China on holiday, base metals trading on the London Metal Exchange has been quiet this morning, Friday February 12, with prices little changed and trading volumes light - but so far prices are holding up in high ground.The outlook for metals demand is strong, but it could be derailed by the global semiconductor shortage.Base metalsThree-month base metals prices on the LME were mixed t...Read More