Vinayak Bhave has joined TradeCloud as head of India to solidify the company's presence in India and Middle East, the company said on Friday November 1.Launched in October 2017, TradeCloud is a digital metals trading platform where producers, consumers and traders can meet to exchange information, negotiate contracts and conclude business. Vinayak will be based in Mumbai, India.Prior to joining...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.The Wood Mackenzie team will be presenting our analysis and perspectives on key commodities which include Copper, Nickel, Coal (met and thermal) and Aluminium. Join us at the Moscow Metals & Mining Briefing to discuss the issues f...Read More

US cold-rolled and galvanized base prices have risen due to a round of price increases that has been partially accepted by the domestic market.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US was assessed at $35 per hundredweight ($700 per ton) on Thursday October 31, up 2.9% from $34 per cwt the week prior - its lowest since April 2016 - but down 4.1% from $3...Read More

Brazilian rebar prices climbed further in October as a previously attempted increase from producers is slowly being implemented, according to market participants.Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic monthly, delivered Brazil, at 2,220-2,320 Reais ($555-580) per tonne on Friday November 1, up in comparison with 2,165-2,300 Reais per tonne a month before.Although...Read More

Brazilian slab export prices were stable in the week ended Friday November 1, as producers had limited ability to reduce their offers due to iron ore costs.Fastmarkets' weekly assessment of steel slab exports, fob Brazil, was unchanged at $355-360 per tonne on Friday.Offers from Brazil were within the range of $350-360 per tonne fob, level with the previous week, and latest deals have been closed...Read More

Indian domestic secondary billet prices gained 500 rupees ($7) per tonne in the week to Friday November 1 due to long steel producers increasing their semi-finished steel buying.Fastmarkets' price assessment for steel billet domestic, ex-works India, rose by 500 rupees per tonne to 26,500-26,700 rupees per tonne on November 1, compared with last week's 26,000-26,200 rupees per tonne...Read More

Demand for flat steel was soft in Turkey in the week ended Friday November 1, with import prices for both hot-rolled coil and cold-rolled coil going down, although domestic and export prices remained unchanged.Flat steel buyers wanted to see if producers will insist on high prices when demand is weak and whether any increases will stick, given the poor demand from final-product users. They were ex...Read More

Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), were stable in the week ended Friday November 1 with demand remaining weak, sources told Fastmarkets.A recent increase in raw material prices had given rise to the possibility of higher coated flat steel prices, but buyers said they believed this would not be accepted by the market due...Read More

Domestic hot-rolled coil prices in China remained flat for a fifth day on Friday November 1, but sentiment in the market has deteriorated following the release of the country's latest manufacturing purchasing managers' index (PMI). DomesticEastern China (Shanghai): 3,500-3,520 yuan ($497-500) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedChina's manufacturing PMI fo...Read More

BHP will provide $44 million of the necessary funding to resume operations at Brazilian iron ore pellet producer Samarco, the Australia-based mining company said on Friday November 1.Samarco is a joint venture between BHP and Vale and has been closed since late 2015, when a tailings dam failed and flooded the nearby Rio Doce river in southeastern Brazil.On October 25, the pellet producer received...Read More

Austenitic alloy steel scrap prices in the UK domestic market narrowed downward this week amid continued weak demand, sources told Fastmarkets on Friday November 1.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($970-1,009) per tonne on November 1, down by ?20 per tonne on the high end.Similarly, Fastmarkets' price...Read More

Brazilian mining company Vale will resume operations at its Alegria mine through dry stacking to produce 1 million tonnes of iron ore in 2019, the company said, as it maintained its full-year sales volumes guidance of 307-332 million tonnes.The restart was authorized by Brazil's national mining agency, ANM, which reverted a March decision that had halted the unit, the company said on Friday Novemb...Read More

The price of ferrous scrap imported into India has risen for the fourth consecutive week, mirroring a similar trend in nearby Pakistan, sources told Fastmarkets on Friday November 1Fastmarkets' calculation for the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $276.57 per tonne on Friday, up from $268.23 per tonne a week earlier.Deals for shredded material into India t...Read More

Seaborne coking coal prices plunged on Friday November 1 on trades involving premium mid-volatility cargoes procured by end-users in China and India.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.38 per tonne, down by $11.07 per tonnePremium hard coking coal, cfr Jingtang: $145.08 per tonne, down by $16.45 per tonneHard coking coal, fob DBCT: $128.84 per tonne, unchangedHard coking co...Read More

China's rebar prices were unchanged on Friday November 1 in both the domestic and export markets amid inactive trading. Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchanged Northern China (Beijing): 3,620-3,650 yuan per tonne, unchanged Buyers stopped replenishing their inventories ahead of the weekend and withdrew to the sidelines to see how the futures market develops, sour...Read More

Base metals prices on the Shanghai Futures Exchange were mostly down during the morning trading session on Friday November 1, with dwindling confidence of a long-term trade deal being struck between the United States and China weighing on the complex."Chinese officials 'familiar with the matter' were casting doubts about reaching a comprehensive long-term trade deal with the US even as the two sid...Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lbClick here for...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for...Read More

The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment for selenium, 99.5% Se min, in-whs Rotterdam, click here.To see all Fastmarkets' pricing methodology and specification documents, go to www.fastmar...Read More