Seaborne iron ore prices remained flat on Tuesday October 6 during the Chinese Golden Week holiday amid few offers in the market, however, the iron ore swaps prices gained further after an increase in steel billet prices, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged58% Fe fines...Read More
Export prices for flat steel products from the Commonwealth of Independent States (CIS) softened again during the week to Monday October 5 because buyers remained inactive.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $470-495 per tonne on Monday, down by $15-25 per tonne from $495-510 per tonne a week earlier.Suppliers were heard to have reduced th...Read More
The Turkish steel producers have continued to hold back from the deep-sea scrap markets and to negotiate for lower prices, sources told Fastmarkets on Tuesday October 6.The country's steelmakers had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Baltic Sea-origin scrap. ...Read More
Fastmarkets proposes to launch a weekly Pakistan import shredded steel scrap index to complement Fastmarkets' existing steel scrap prices in the South Asia region.Fastmarkets proposes to launch a new weekly price index for the Pakistan shredded steel scrap import market following feedback that such an index would be of value to market participants, both by itself and in conjunction with Fastmarket...Read More
Seaborne hard coking coal prices fob Australia dipped day on day on Tuesday October 6 in the run-up to the conclusion of a tender that some market participants say they expect will fetch lower prices.Fastmarkets indices Premium hard coking coal, fob DBCT: $137.46 per tonne, down $0.25 per tonne. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged. Hard coking coal, fob DBCT: $113....Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Read More
The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Wednesday October 7, while equity markets were mixed.* US Federal Reserve chair Jerome Powel warned too little stimulus is worse than too much.* International Monetary Fund chief Kristalina Georgieva warns economic “calamity is far from over”.* US President Donald Trump postpones stimulus talks wit...Read More
Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More
The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday October 5, climbing firmly above nearby resistance at $14,600 per tonne despite the complex-wide absence of Asian trading volumes.A similar upsurge saw LME tin futures close above the $18,000-per-tonne threshold for the first time in a fortnight.Nickel's outright price on the LME closed at $14,64...Read More
After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country's future development, but reliant on imported materials.And the base metals sector is one of the key areas, according to the chairman of Zijin Mining, Chen Jing-He. "Now we know the importance of securing the sup...Read More
Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More
After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country's future development, but reliant on imported materials.And the base metals sector is one of the key areas, according to the chairman of Zijin Mining, Chen Jing-He. "Now we know the importance of securing the sup...Read More
Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More
Global production volumes of silico-manganese rose by 0.6% in August from July on growth in the Asia and Oceania markets, the latest data from the International Manganese Institute (IMnI) shows.Global silico-manganese production rose to about 1.44 million tonnes of manganese alloy in August, which represented a fall of 8.6% year on year, the data shows.Silico-manganese production from the Asia and...Read More
Global production volumes of manganese ore fell by 2.5% in August from July, following falls in output from Asia and Oceania, the Americas and CIS, the latest data from the International Manganese Institute (IMnI) shows.Global production fell to about 1.95 million tonnes of manganese units in August, which represented an increase 0.3% year on year, the latest data shows. Production from Africa an...Read More
Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More
After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country's future development, but reliant on imported materials.And the base metals sector is one of the key areas, according to the chairman of Zijin Mining, Chen Jing-He. "Now we know the importance of securing the sup...Read More
Turkish steel producers stepped away from the deep-sea scrap market on the first working day of the week, while simultaneously negotiating lower prices, sources said on Monday October 5.Steel mills in Turkey had booked three deep-sea cargoes at the end of last week, putting the HMS 1&2 (80:20) price at $284 per tonne cfr for European material and at $289 per tonne cfr for Balti...Read More