The British light iron market hit ?150 per tonne in the week ending Friday January 15, a level last seen almost eight years ago, amid firm fundamentals, reduced supplies coming into yards and strong export demand, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?140-150 ($191-205) per tonne on Friday, up fro...Read More

Turkey's recent ferrous scrap purchases from the United States' East and West Coast have bolstered deep-sea scrap export prices, and despite mills there apparently taking a temporary break from the US market more sales are expected to occur in the near term.Turkey purchased a cargo from the US East Coast on Monday January 11, after Fastmarkets learned of four US cargoes booked to th...Read More

Turkish deep-sea scrap import prices have gone down sharply on a fresh Baltic Sea cargo deal sold at the end of the week, sources said on Friday January 15.A steel mill in northern Turkey booked a Baltic Sea cargo at $460 per tonne cfr on a heavy melting scrap 1&2 (80:20) basis. The cargo composition was not clear at the time of publication.This was compared with the US cargo sold at $485 per tonn...Read More

Growth in the pig iron import market in the United States slowed down in the week to Friday January 15, but suppliers are continuing to increase their offer prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $575 per tonne on Friday, narrowing up from from $560-575 per tonne a week earlier.The latest sales to the US were done at...Read More

The export market for pig iron from the Commonwealth of Independent States (CIS) was slow during the week to Thursday January 14, while suppliers remained bullish.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $550-555 per tonne on Thursday, unchanged week on week.Only small cargoes of less than 5,000 tonnes of pig iron were sold from Ru...Read More

Iron ore prices trended up on Friday January 15 despite mixed market sentiment but demand for iron ore lump is firm on active trading at the Chinese portside, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.69 per tonne, up $1.33 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.13 per tonne, up $1.35 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More

The seaborne premium hard coking coal fob price jumped up on Friday January 15 following a transaction done at $124 per tonne fob Australia on Friday, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $123.91 per tonne, up $10.02 per tonnePremium hard coking coal, cfr Jingtang: $208.69 per tonne, up $0.12 per tonneHard coking coal, fob DBCT: $101.54 per tonne, up $2.74 per tonne...Read More

The London Metal Exchange base metals failed to hold on to the excitement from US President-elect Joe Biden's speech overnight, with zinc and nickel the hardest hit and copper once again falling below $8,000 per tonne on Friday January 15 and most of complex trading in negative territory.Zinc's three-month price was at $2,718 per tonne as at 9am London time, down by 1.4% from $2,757 per tonne at T...Read More

Expectations of steady output for rebar in China kept spot prices largely steady despite increases in the futures market on Friday January 15.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($661-666) per tonne, widened upward by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 4,020-4,060 yuan per tonne, down by 60 yuan per tonneRebar producers in northern China are maintaining the...Read More

China's hot-rolled coil prices rebounded on Friday January 15 after the futures market rallied, with sources saying that market participants are optimistic on the economic outlook for the new year.DomesticEastern China (Shanghai): 4,550-4,560 yuan ($704-705) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,360-4,410 yuan per tonne, down 40 yuan per tonneTrading ac...Read More

The base metals on the London Metal Exchange were mainly weaker this morning, Friday January 15, while those on the Shanghai Futures Exchange were mainly firmer in line with the stronger Chinese fundamentals. US President-elect Joe Biden proposed a $1.9 trillion rescue packageUS Federal Reserve chair Jerome Powell said the central bank would not be raising rates anytime soonBase metals Three-month...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 15.Europe The high-carbon ferro-manganese and silico-manganese markets rose on tight availability amid increased buying interest from traders. European suppliers are preparing themselves for an expected increase in consumer demand in February for second-quarter shipments, as well as prompt b...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 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 assessed Cobalt...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 grade, in-whs Rotterdam, $/lb at 17.60-18.25 on Friday...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

Buyers have started withdrawing from the spot market in key importer Vietnam in the week to Friday January 15 due to growing sentiment of a price downtrend, market sources told Fastmarkets.Offers for Japanese H2 were at $460 per tonne cfr southern Vietnam and $465 per tonne northern Vietnam, compared with bids at $450-455 per tonne cfr Vietnam.But buyers remained wary amid expectations of more pri...Read More

Taiwanese scrap import prices started to soften this week following the emergence of lower offers and weaker sentiment in the region, markets sources told Fastmarkets.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $430-431 per tonne on Friday January 15, down by $9 per tonne from a day earlier and down by...Read More

The Empire Club of Canada presented its 2020 Nation Builder of the Year Award on Dec. 10, with the honour given to Canada's frontline workers. The club's second annual event was a virtual ceremony to bestow the award on "the men and women who kept us safe and functioning during the most severe pandemic to hit the world in over a century."As one of Canada's oldest and most important speakers' forum...Read More