An overview of the battery raw materials markets and their latest price moves.Read More
Chinese domestic lithium prices fell in an otherwise flat market in the week to Thursday July 9, with producers forced to reduce offers to tempt buyers amid sufficient supply.Ample supply offset slightly improved downstream operation rates in China, pressuring China's battery-grade lithium carbonate price lower. China's industrial-grade lithium carbonate offers firmed with individual producers inc...Read More
Brazilian domestic flat steel prices rose on Friday July 10 after local steelmakers began implementing previously announced price increases amid recovering demand.Most flat steel prices were heard increasing by around 5%, or half of the hike announced in June, when steelmakers told distributors they would increase prices by 10%.According to market participants, an additional 5% price rise is alrea...Read More
The price range for exports of India-origin hot-rolled coil has widened, with the country's mills booking shipments to regions besides the traditional export outlets in Southeast Asia.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $420-435 per tonne on Friday July 10, widening downward from last week's assessment at $430-435 per tonne.Ac...Read More
Import prices of flat-rolled steel increased slightly in South America during the week to Friday July 10 because new offers for September-shipment cargoes continued the recent uptrend.Demand from the continent was also expected to recover, with Peru, Colombia and Ecuador slowly returning to the market following a long quarantine period intended to prevent the spread of Covid-19 in those countries....Read More
The domestic rebar price in Brazil increased in July, with a 10% hike successfully implemented by producers due to previous moves to reduce supplies to match falling demand and due to resilience in the construction sector amid the Covid-19 pandemic.Fastmarkets' latest price assessment for steel reinforcing bar (rebar) domestic monthly, delivered Brazil was 2,410-2,530 Reais ($451-474) per tonne on...Read More
European steel association Eurofer is urging the Global Forum on Steel Excess Capacity (GFSEC) to intensify efforts to tackle global steel overcapacity. The forum, comprising the G20 group of developed nations and the Organisation for Economic Cooperation & Development (OECD), held its most recent meeting on July 8-9, with steel stakeholders meeting earlier this week, on July 7. Eurofer has called...Read More
Domestic prices for steel rebar in Poland were stable in the week to Friday July 10 while availability was tight, with most producers sold out for July rolling, sources told Fastmarkets.In particular,major domestic rebar producers ArcelorMittal Warszawa and CMC Zawiercie were said to have no tonnages available for July deliveries, according to several sources."ArcelorMittal Warszawa and CMC Zawier...Read More
Steel scrap prices in the Asian markets have recovered following the Kanto auction in Japan, while Turkish deep-sea scrap import values inched down at the end of the week due to weak demand for rebar.Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly lower pricesUS export markets broke silence at the end of the week with fresh cargoes to TurkeyJapanes...Read More
The pig iron market in the United States went up during the week ended Friday July 10 because of external factors such as low availability globally and high demand in China.Fastmarkets' weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was $330 per tonne on Friday, up from $320-325 per tonne a week before.One booking of pig iron from the Commonwealth of Independent States was r...Read More
Turkish steel producers resumed deep-sea scrap purchases at the end of the week at slightly lower prices, sources said on Friday July 10.A steel mill in the Izmir region booked a cargo from the United States, comprised of shredded scrap at $258 per tonne and bonus-grade scrap at $263 per tonne cfr.Another steel mill in the Marmara region also booked a US cargo at $255 per tonne cfr for a...Read More
Brazilian steel slab export prices narrowed downward in the week ended Friday July 10 because the country's quota for steel imports into the United States has approached its limit.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, narrowed downward by $10 for the second consecutive week on Friday, to $375-380 per tonne, from $375-390 per tonne a week earlier.Past of...Read More
The price of stainless steel in the European domestic market has dropped this week because of low demand, sources told Fastmarkets on Friday July 10.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?1,930-2,000 ($2,185-2,264) per tonne on Friday, down by ?,?50 per tonne week on week.Read More
Bob Moriarty of 321gold discusses a company that is reopening an Idaho gold mine that closed during World War 2. Trace of Mary K Mine workings draped over Google Earth terrain imageIn 1942 with the US involved in a massive war with Japan and Germany the government made the decision to close all non-essential gold mines under the auspices of the War Production Board. It was called the Limitation O...Read More
Brazilian steel slab export prices narrowed downward in the week ended Friday July 10 because the country's quota for steel imports into the United States has approached its limit.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, narrowed downward by $10 for the second consecutive week on Friday, to $375-380 per tonne, from $375-390 per tonne a week earlier.Past of...Read More
European steel association Eurofer is urging the Global Forum on Steel Excess Capacity (GFSEC) to intensify efforts to tackle global steel overcapacity. The forum, comprising the G20 group of developed nations and the Organisation for Economic Cooperation & Development (OECD), held its most recent meeting on July 8-9, with steel stakeholders meeting earlier this week, on July 7. Eurofer has called...Read More
Market participants in the US ferrous supply chain attending aFastmarkets webinar on June 30 expected prices to be largely stable in the coming months, but benchmark indicators continue to track downward as an uneven reopening of the United States economy clouds the outlook. About 62% of respondents to a poll held during the webinar - titled "Sunny days ahead?" - expected hot-rolled coil...Read More
Brazilian domestic flat steel prices rose on Friday July 10 after local steelmakers began implementing previously announced price increases amid recovering demand.Most flat steel prices were heard increasing by around 5%, or half of the hike announced in June, when steelmakers told distributors they would increase prices by 10%.According to market participants, an additional 5% price rise is alrea...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday July 10.China Seaborne ore prices fell in response to lower offers for August shipments, with some market participants remaining bearish about the near-term outlook due to rising portside stocks and higher-than-expected volumes of cargoes flowing to China (particularly for 37% material). There was go...Read More
Key data from the pricing sessions in Asia, Europe and the United States in the week ending Friday July 10.China The spot price range for 75-grade ferro-silicon narrowed downward due to continuing weakness in the magnesium sector, despite major steel mills increasing their July tender prices for 72-grade alloy. Hebei Steel set its final July tender price for 72-grade ferro-silicon at 6,100 yu...Read More