UK and mainland European alloy steel scrap prices fell in the week to Friday October 18, due to the decline in nickel costs and limited trading activity, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?760-800 ($879-925) per tonne on October 18, down by ?20 per tonne from ?780-820 per tonne."De...Read More

Steady demand in China, reduced availability of material and a rebound in the cost of scrap all gave support to the market for pig iron exports from the Commonwealth of Independent States during the week ended Thursday October 17, Fastmarkets has heard.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $270-280 per tonne on October 17, widen...Read More

The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015. The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed i...Read More

Market participants in both China and Europe have been taking a wait-and-see approach to procurement in the run-up to the auctions of four cargoes of minor metals formerly held by the Fanya Metal Exchange. On October 11, Southwestern China's Kunming Intermediate People's Court announced germanium, gallium, tellurium and selenium stocks will be auctioned over a 24-hour period starting at 10am...Read More

Trading activity in the seaborne coking coal market was largely muted on Friday October 18, though reports emerged of a second-tier cargo being traded at a fixed price under a long-term contract.Fastmarkets indicesPremium hard coking coal, fob DBCT: $150.73 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $164.76 per tonne, unchangedHard coking coal, fob DBCT: $125.50 per tonne, up $2.3...Read More

China's hot-rolled coil prices slid further on Friday October 18 although demand was stable, amid dampened sentiment due to a weakening of the futures market.DomesticEastern China (Shanghai): 3,490-3,510 yuan ($493-495) per tonne, widened downward by 10 yuan per tonneNorthern China (Tangshan): 3,490 yuan per tonne, down 10 yuan per tonneA trader in Shanghai said that prices had weakened despite st...Read More

China's domestic rebar prices dropped on Friday October 18 amid renewed expectations of looser steelmaking restrictions in the northern region over the next few months of the cold season.Eastern China (Shanghai): 3,580-3,610 yuan ($505-510) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,550-3,590 yuan per tonne, down 10-20 yuan per tonneThe Ministry of Ecology & Environment has re...Read More

An overview of the minor metals markets and the reasons for their latest price moves. Read More

The following Fastmarkets minor metals prices changed on Friday October 18:Minor metals Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb: $2.60-2.90 per lb from $2.55-2.90Bismuth 99.99% Bi min, in-whs China, yuan/tonne: 40,000-42,000 yuan per tonne from 39,500-41,500 yuanChromium alumino-thermic 99% min, in-whs Rotterdam,...Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More

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A combination of growing demand for rare earth elements (REEs) and supply uncertainty related to the ongoing trade war between the U.S. and China has reignited project investment, with rare earth producers betting that market forces will remain sustainable over the long-term.In May, Australia's Lynas Corp. (ASX: LYC; US-OTC: LYSDY), the largest producer of rare earth materials outside of China, an...Read More

The price of stainless steel cold-rolled sheet in Europe has decreased over the past week under pressure from slow trading, Fastmarkets heard on Friday October 18.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,300-2,350 ($2,554-2,609) per tonne on October 18, down by ?,?50 per tonne week on week from ?,?2,...Read More

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday October 18:Aluminium scrapFloated frag, delivered consumer Europe, ?,?/tonne:...Read More

Market participants in Asia were taken by surprise this week after price upticks in the bellwether Turkish scrap import market followed the United States' decision to once again double its tariffs on Turkish steel.As a result, Taiwanese buyers have had to pay higher prices for imported containerized cargoes on the back of limited supplies from the US West Coast.However, Vietnamese buyers are...Read More

China granted small additional volumes of ferrous scrap import quotas for the remaining months of 2019 on Friday October 18. The 13th batch of quotas will allow three companies to import another 610 tonnes of ferrous scrap, according to a notice from the China Solid Waste & Chemicals Management Center seen by Fastmarkets. The companies are: Company: Tianjin Yuwei Hongcheng Metals Quota: 100 tonnes...Read More

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VANCOUVER, Oct. 15, 2019 (Canada NewsWire via COMTEX) -- This news release constitutes aRead full newsRead More