US precious metals miner Hecla has increased zinc and lead production over the first three quarters of the year, it said in its latest financial results statement.Hecla produced 48,700 tonnes of zinc in concentrate from January to September 30, up 14% on 2019 figures. And at 24,620 tonnes, lead production was up by 41% year on year in the same comparison. ...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Europe and United States' lithium battery-grade spot prices held steady over the week to Thursday October 8, with the market in wait-and-see mode, while the technical-grade hydroxide price rose for the first time in a year.Europe and US battery-grade spot prices held steady for the third consecutive week after posting losses in mid-September. Sources reported strengthening prices for technical-gra...Read More
Low inventory levels and longer lead times have pushed hot-rolled coil prices in the United States up to their highest in 17 months, with mills holding most of the negotiating power. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $32 per hundredweight ($640 per short ton) on Friday October 9, up by 1.3% from $31.58 per cwt on Thursday October 8 and 3.3% higher than $...Read More
South American flat-rolled steel import prices showed no definite trend in the week ended Friday October 9 amid a stand-off between higher offers from China and Japan, and some discounted deals for products from the Commonwealth of Independent States (CIS) reported in Brazil.China returned from its national Golden Week holiday with more expensive offers for South America, in most cases. Other coun...Read More
The domestic price for steel rebar in Brazil has gone up in October, with an average 15% increase being fully applied and with some buyers willing to pay even higher prices for quick delivery, market participants have said.Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, at 3,220-3,430 Reais ($574-611) per tonne on Friday October 9, rising from...Read More
Domestic steel rebar prices in Poland were stable in the week to October 9, despite a slowdown in buying activity, with producers reluctant to cut prices due to short supplies, sources told Fastmarkets on Friday.Buying activity in Poland slowed down after widespread restocking last week, they added.Customer were asking for lower prices due to a decline in scrap costs, but producers...Read More
Indian domestic prices for secondary steel billet have gone up by 400 rupees ($5) per tonne week on week following rises in the costs of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on Friday October 9 at 29,700-29,900 rupees ($403-406) per tonne, compared with 29,300-29,500 rupees per tonne last week."Billet prices had...Read More
Indian domestic prices for secondary steel billet have gone up by 400 rupees ($5) per tonne week on week following rises in the costs of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on Friday October 9 at 29,700-29,900 rupees ($403-406) per tonne, compared with 29,300-29,500 rupees per tonne last week."Billet prices had...Read More
Scrap prices across the global markets moved down in the week ended Friday October 9, largely due to Turkey's return to the market, although making purchases at lower prices than previously.Turkish steel mills purchase cargoes at lower pricesUS export market follows Turkish leadVietnam reports thin tradingTaiwanese scrap import market dips ahead of holidayIndian material booked at lower prices.Tur...Read More
Prices in the market for inter-merchant light iron scrap in the UK softened over the week to Friday October 9 after a steady run since September 11, industry sources have told Fastmarkets.Weaker conditions in the European steel scrap export markets to Turkey and the Indian subcontinent have pulled British domestic offer prices downward, they said.Fastmarkets' weekly price assessment for steel scra...Read More
Steel slab export prices from Brazil widened upward this week with the gap between sellers' and buyers' expectations continuing to increase because of higher offers.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $480-505 per tonne on Friday October 9, widening upward by $5 from $480-500 per tonne on October 2.Offers were heard within the range of $505-515 pe...Read More
Indian domestic prices for secondary steel billet have gone up by 400 rupees ($5) per tonne week on week following rises in the costs of raw materials such as direct-reduced iron (DRI).The price of steel billet, domestic, exw India, was assessed by Fastmarkets on Friday October 9 at 29,700-29,900 rupees ($403-406) per tonne, compared with 29,300-29,500 rupees per tonne last week."Billet prices had...Read More
Brazilian iron ore producer Vale will enter into a 50:50 joint venture with China-based Ningbo Zhoushan Port Co to double capacity at the Shulanghu port in the eastern Chinese city of Zhoushan, 290 kilometers south of Shanghai, it said on Friday October 9. Capital expenditure for the project, called West III, is estimated at 4.3 billion yuan ($633 million) to install a stockyard and loading berths...Read More
Low inventory levels and longer lead times have pushed hot-rolled coil prices in the United States up to their highest in 17 months, with mills holding most of the negotiating power. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $32 per hundredweight ($640 per short ton) on Friday October 9, up by 1.3% from $31.58 per cwt on Thursday October 8 and 3.3% higher than $...Read More
Steel slab export prices from Brazil widened upward this week with the gap between sellers' and buyers' expectations continuing to increase because of higher offers.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $480-505 per tonne on Friday October 9, widening upward by $5 from $480-500 per tonne on October 2.Offers were heard within the range of $505-515 pe...Read More
The domestic price for steel rebar in Brazil has gone up in October, with an average 15% increase being fully applied and with some buyers willing to pay even higher prices for quick delivery, market participants have said.Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, at 3,220-3,430 Reais ($574-611) per tonne on Friday October 9, rising from...Read More
South American flat-rolled steel import prices showed no definite trend in the week ended Friday October 9 amid a stand-off between higher offers from China and Japan, and some discounted deals for products from the Commonwealth of Independent States (CIS) reported in Brazil.China returned from its national Golden Week holiday with more expensive offers for South America, in most cases. Other coun...Read More
The three-month price of zinc on the London Metal Exchange rallied at the close of trading on Friday October 9, with a steady decline in the US dollar index supporting a flurry of Asian buying, while a similar upsurge in aluminium saw the metal close at its highest price since July 2019.Nickel's outright price closed at $15,221 per tonne in the afternoon, climbing from an intraday low of $14,665 p...Read More
Deliverable zinc stocks in Shanghai Futures Exchange-registered warehouses increased the most in percentage terms by 3% or 1,423 tonnes to 49,370 tonnes in the week to Friday October 9.The main inflows came into the R&S Logistics warehouse in Shanghai - which received 1,134 tonnes to total 4,418 tonnes on October 9, up from 3,284 tonnes the week before - and the Kangyun Xiaoshan warehouse in Zheji...Read More