Lithium-ion battery recycling activity could increase to 2.6 million units between now and 2030, and could return thousands of tonnes of key raw materials to the battery supply chain, delegates heard at Fastmarkets' latest Lithium Supply & Markets conference.A total of 46,300 tonnes per year of cobalt, 40,000 tpy of lithium, 27,000 tpy of manganese and 125,000 tpy of nickel could be efficiently re...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More
Fastmarkets reporters present the key themes and discussion points from the Lithium Supply and Markets online conference, which was held online on October 26-28. Comparing cost curves can be deceiving While industry onlookers' focus has increasingly been on cost curves of the different lithium producers amid the bearish market conditions, a like for like comparison between companies can be hard to...Read More
Import prices for flat steel in South America showed few changes in the week ended Friday October 30, with buyers getting slightly higher offers from China amid strong demand for material in most of the region's markets.Most coil import prices have narrowed upward by $5-15 per tonne, or moved up a little, because past offers at lower values were no longer heard in the market during the week. But w...Read More
Flat steel prices in the Turkish market remained mostly stable during the week to Friday October 30, while demand was moderate because of the Republic Day holiday on October 28-29, sources told Fastmarkets.Demand was moderate this week because there were only three-and-a-half working days due to the Republic Day holiday in the afternoon on October 28 and all day on October 29, while buyers were wa...Read More
The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021. The EC announced the quotas on Friday October 30. These will apply to several steel products, including hot-rolled, cold-rolled and hot-dipped galvanizing coil originating from the UK. Any volumes sold exceeding the quotas will be subject to 25% duty. "Pur...Read More
Prices for domestic steel beams in the United States were flat on Thursday October 29 despite modestly rising demand, while prices for offshore material also held steady amid continuing weak import volumes, market participants said.Fastmarkets' price assessment for steel beams 8 x 8-inch, fob mill US again held at $35.25 per hundredweight ($705 per short ton) on October 29, where it has remai...Read More
Turkish export rebar and wire rod prices continued to rise in the last week of October amid lively trading activity and limited availability, sources told Fastmarkets on Friday October 30.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $450-455 per tonne on Friday, up by $5 per tonne.Mills achieved sales at $445-450 per tonne fob ...Read More
Turkish domestic rebar prices continued to rise in the last week of October amid a continuing loss in the value of the country's lira against the US dollar, as well as an uptrend seen in recent import scrap bookings.The Turkish currency was trading at 8.31 lira to $1 on Friday. This compared with 7.89 lira to $1 on the corresponding day of last week.Meanwhile, the daily index for steel scrap, HMS...Read More
Global steel scrap prices have risen or remained firm over the week to Friday October 10, following a strong purchasing trend across all markets.Turkey continues to book large volumes of cargoes.US prices up on both coastsTaiwanese buyers look for domestic supplyVietnam looks toward US-origin cargoesIndia prices firm on tight supply.TurkeyTurkish steel mills have booked as many as 10 bulk cargoes...Read More
The market for imported pig iron in the United States improved during the week to Friday October 30 on new deals at higher prices, Fastmarkets has heard.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $377 per tonne on Friday, up from $369-373 per tonne a week earlier.Late last week, a booking of Russia-origin material was heard at $377 per tonne cfr. This sale was...Read More
Turkish steel mills finished the week to Friday October 30 with no further purchases heard following a public holiday in the country on the Thursday, market sources have said.In addition to the public holiday on October 29, attention in the country was drawn to a powerful earthquake which struck the Izmir region, resulting in a number of deaths and injuries as well as causing damage to buildings.A...Read More
Steel slab export prices from Brazil were unchanged in the week ended Friday October 30, but demand remained strong amid a steady performance by the flat steel markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $490-505 per tonne on Friday, unchanged from the previous week.Mills have mostly shifted to January-shipment offers, and they have been seeing de...Read More
Fastmarkets has today amended the publication time of its weekly Iranian steel billet and slab export prices from 1-2pm to 2-3pm London time. Following a consultation period, Fastmarkets has amended the publication time of the steel billet export, fob ports Iran assessment and the steel slab export, fob ports Iran assessment to better capture the full extent of market activity and bring...Read More
China's domestic rebar prices rose on Friday October 30 amid futures strength following the release of details surrounding the country's 14th Five-Year Plan.DomesticEastern China (Shanghai): 3,750-3,780 yuan ($558-563) per tonne, up by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 3,640-3,680 yuan per tonne, narrowed upward by 10 yuan per tonneChina's latest five-year plan mentioned...Read More
The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021. The EC announced the quotas on Friday October 30. These will apply to several steel products, including hot-rolled, cold-rolled and hot-dipped galvanizing coil originating from the UK. Any volumes sold exceeding the quotas will be subject to 25% duty. "Pur...Read More
A summary of Glencore's 2020 third-quarter production report for the coal sector, released on Friday October 30, where the company maintained its 2020 full-year production guidance except coal, which was adjusted for the extended strike at the Cerrejon mine.In brief The company's year-to-date (YTD) coal production of 83.5 million tonnes was 20.5 million tonnes or 20% lower than the comparable prio...Read More
The fifth plenary session of the 19th Central Committee of the Communist Party of China has concluded with the release of the 14th Five-Year Plan, which will chart China's development path in 2021-2025. More details of the country's Five-Year Plan are expected to be released from Friday October 30 onward. The session listed 12 key steps with which China would achieve a set of long-term goals by 20...Read More
Steel slab export prices from Brazil were unchanged in the week ended Friday October 30, but demand remained strong amid a steady performance by the flat steel markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $490-505 per tonne on Friday, unchanged from the previous week.Mills have mostly shifted to January-shipment offers, and they have been seeing de...Read More
Import prices for flat steel in South America showed few changes in the week ended Friday October 30, with buyers getting slightly higher offers from China amid strong demand for material in most of the region's markets.Most coil import prices have narrowed upward by $5-15 per tonne, or moved up a little, because past offers at lower values were no longer heard in the market during the week. But w...Read More