Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for coba...Read More
Domestic prices for cold-rolled coil (CRC) in Europe have been largely stable over the past seven days but are expected to rise soon, sources told Fastmarkets this week.Transaction prices are expected to slowly rise, supported by upward momentum in hot-rolled coil feedstock prices, according to market participants, after some European steelmakers - including ArcelorMittal...Read More
Domestic prices for hot-dipped galvanized (HDG) coil in Europe have been largely stable over the past week, but were expected to increase with support from the definitive measures applied after a regional safeguard investigation, sources told Fastmarkets on Thursday February 14.The European Commission (EC) has imposed definitive safeguard measures on a list of imported steel products, in the form...Read More
Domestic buyers of hot-rolled coil (HRC) in Northern Europe have been resisting attempts to raise offer prices this week, sources told Fastmarkets on Thursday February 14.Transaction prices, however, were expected to rise in the near future, supported by higher offers for imported coil and increases in raw material costs, according to market participants."Prices have stabilized. The mills [in Nort...Read More
Steel billet import prices in Egypt increased this week with deals being done at higher levels in the wake of rising global scrap costs, sources told Fastmarkets on Thursday February 14.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $485-495 per tonne cfr on Thursday, rising from $460-470 per tonne cfr last week.Billet producers in the CIS sold material to Egypt...Read More
Turkish domestic rebar and wire rod prices have gone up in line with increasing scrap costs over the past week, while demand remained sluggish, sources said on Thursday February 14.Fastmarkets' weekly price assessment for domestic rebar in Turkey was TRY3,180-3,250 ($604-618) per tonne ex-works, including 18% VAT, on February 14 up from the TRY3,079-3,150 per tonne last week.The local rebar price...Read More
Turkish rebar export prices have continued to rise in line with rising scrap costs, but steel mills are still struggling to sell material due to poor demand and trade barriers, sources said on Thursday February 14.Mills in Turkey raised their offers to $510-515 per tonne fob this week on an actual weight basis from last week's $490-500 per tonne, but there were only a few small cargoes, sold...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) strengthened further during the week ended Thursday February 14 because buyers in the United States, the key outlet, started to accept higher offer prices.Fastmarkets' price assessment for CIS exports of high-manganese pig iron was $335-340 per tonne fob Black Sea on February 14, up from $325-335 per tonne fob Black...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
The Turkish deep-sea scrap import markets remained quiet on Thursday February 14, but market participants expected prices to soften due to limited demand and weak finished steel markets in the country, sources said.There was talk in the market about a Baltic Sea cargo sold at $326 per tonne cfr for HMS 1&2 (80:20), but there was no confirmation of this transaction at the time of publication.Market...Read More
Steel billet prices in Turkey increased over the past week due to strong demand in both the domestic and export markets, along with rising scrap import costs, sources said on Thursday February 14.Fastmarkets' weekly price assessment for domestic billet in Turkey was $480-490 per tonne ex-works, up from $460 per tonne.Several domestic billet sales were heard over the past week, sources said.A steel...Read More
Import prices for steel billet in Southeast Asia climbed further on Thursday February 14, supported by higher offers and an uptick in spot trading after the Lunar New Year lull.Fastmarkets MB's daily import price assessment for billet in Southeast Asia was $475-485 per tonne cfr Manila on Thursday, narrowing upward by $5 per tonne from the previous day.On a week-on-week basis, the assessment range...Read More
China's domestic rebar prices continued to drop on Thursday February 14 amid a weakening of the billet and futures markets.Domestic Eastern China (Shanghai): 3,750-3,780 yuan ($554-559) per tonne, down 50-60 yuan per tonneNorthern China (Beijing): 3,800-3,830 yuan per tonne, narrowed downward by 10 yuan per tonneThe release of data that showed an increase in inventory levels resulted in bearish se...Read More
Import prices for stainless steel in East Asia continued to rise during the past week with mills increasing their offers again amid costlier nickel, although spot trading activity remained sluggish amid the Lunar New Year lull.Fastmarkets MB's weekly import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,980-2,080 per tonne cif on Wednesday February 13, up $40-5...Read More
Investors are now pricing in a small chance of a Federal Reserve interest-rate cut by the end of 2019. Thursday's exceptionally weak retail sales report as caused some investors to growContinue...Read More
I've written about and given presentations on Bitcoin for years now. As an IT specialist with strong connections to the financial community, you'd expect me to be one of the many people blindsided by the allure of Bitcoin-based solely on its technological appeal. Imagine a reinventing of money. A completely manipulation free currency made of digital bits with a predictable supply growth curve, som...Read More
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets' research team.We pointed out in June last year that the Chinese import pig iron market might revive to fill the widening gap between iron and steel production in China, alongside ferrous scrap.Hon...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.On Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipate this will result in a 10 to 15 day halt in operations and note that a planned 10 da...Read More