Fastmarkets has corrected its trioxide grade and standard grade antimony prices, in warehouse Rotterdam, which were incorrectly published on Friday October 22 due to a reporter error.The price for MB-SB-0001 Antimony, max 100 ppm Bi, in-whs Rotterdam, has been changed to $12,900-13,500 per tonne, from an incorrectly published price of $13,300-13,500 per tonne.And the price for MB-SB-0002 Antimony...Read More
A summary of Swedish metals producer Boliden's financial and production results for the third quarter of 2021, as released on Friday October 22.In brief:?EUR?Boliden's revenues for the third quarter of 2021 were 15,906 million Swedish krona, rising from 13,550 million krona in the previous quarter.?EUR?Boliden's total operating profit for the same June-September period, however, was 2,305 million...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
Unites States steelmaker Cleveland-Cliffs plans to increase its share of the US domestic prime scrap market amid increasing demand and the failure of the country's own manufacturing supply to keep up, the company's chairman, president and chief executive officer said.Lourenco Goncalves told a conference call for the Cleveland, Ohio-based company's third quarter earnings that the company didn't hav...Read More
Steel wire rod prices in Poland have remained broadly unchanged over the past seven days, but the market was expected to move up in November amid high costs for producers, source told Fastmarkets on Friday October 22.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland, remained at 3,800-3,900 zloty ($962-987) per tonne on Friday, unchanged from the...Read More
Carbon steel plate prices in the United States were stable on Friday October 22 but are expected to go up next week, since Nucor announced a price increase Friday that market participants believe will be accepted.Fastmarkets' cut-to-length plate, fob mill US price was assessed at $89 per hundredweight ($1,780 per short ton) on Friday, flat since October 1 and at an all-time high.Inputs ranged...Read More
London Metal Exchange base metals prices were mostly lower at the 5pm close on October 22, with investors looking to book profits from peaks reached earlier in the week. Aluminium's three-month price rolled back most of the gains made so far this month, with its closing price on Friday at 5pm, at $2,868 per tonne, being the lowest since October 6, with more than 37,000 lots traded. The metal...Read More
The price for grade 18/8 alloy steel scrap increased due to higher nickel costs, while underlying market fundamentals remained stable, sources told Fastmarkets on Friday October 22.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,340-1,440 ($1,850-1,988) per tonne on Friday, up by ?10-40 per tonne from ?1,330-1,400 per tonne the...Read More
Prices achieved in export deals for pig iron from the Commonwealth of Independent States region continued to rise in the week to Thursday October 21, supported by limited allocations of material and bullish expectations for the future price trend.A large volume of pig iron originating from eastern Ukraine was sold at $530 per tonne fob Black Sea to several traders early this week, Fastmarkets hear...Read More
Indian domestic prices for steel hot-rolled coil have risen by about 1,500 rupees ($20) per tonne in the week to Friday October 22, with most mills announcing price rises.Mills raised their HRC prices with demand increasing on active restocking by traders and a sharp increase in spot prices.Mills had raised their domestic HRC prices by about 1,000 rupees per tonne in the second week of October.The...Read More
The spot copper concentrate processing charge continued to drop for the fourth consecutive week. Fastmarkets assessment of the copper concentrate treatment charge/ refining charge (TC/RC) stayed below $60/6 with a lack of liquidity and spot appetite. Smelters' purchase TC was assessed at mid-to-low $60s while traders' purchase TC was at low $50s for standard material. ...Read More
Seaborne iron ore prices corrected upward on Friday October 22 after a sharp decrease on Thursday amid continuous bearish outlook for iron ore demand.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.52 per tonne, up $2.59 per tonne62% Fe low-alumina fines, cfr Qingdao: $120.89 per tonne, up $2.21 per tonne58% Fe fines high-grade premium, cfr Qingdao: $92.38 per tonne, up $3.40 per tonne...Read More
Seaborne prices for low-volatility pulverized coal injection material (PCI) in both the fob and cfr markets in China have increased because of persistently tight supply, Fastmarkets heard on Friday October 22.A trade was finally heard in the fob spot market on Friday. And China's National Development & Reform Commission (NDRC) held a meeting during the morning to work out plans to tackle high coal...Read More
London Metal Exchange base metals prices were mostly lower at the 5pm close on October 22, with investors looking to book profits from peaks reached earlier in the week. Aluminium's three-month price rolled back most of the gains made so far this month, with its closing price on Friday at 5pm, at $2,868 per tonne, being the lowest since October 6, with more than 37,000 lots traded. The metal...Read More
Prices for Brazilian slab declined in the export market amid fresh deals, but sources see solid demand.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil was at $720-740 per tonne on Friday October 22, down by $20 from $740-760 per tonne a...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 transparencyinto the markets it covers and the pricing process it...Read More
Hot-rolled coil prices in the United States ended the week by sliding to their lowest level since late August, with more uncertainty fogging the market outlook.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.39 per hundredweight ($1,907.80 per ton) on Friday October 22, down by 0.82% from $96.18 per cwt on Thursday October 21 and down by 0.08% from $95.47 per cwt...Read More
Changes to deliverable stocks of base metals in Shanghai Futures Exchange warehouses were mixed during the week to Friday October 22, with aluminium increasing the most in percentage terms and tin leading the declines.Aluminium inventories grew by 20,657 tonnes, or 8.3%, week on week to 269,582 tonnes, from 248,925 tonnes previously, with stocks in warehouses in Henan, Guangdong and Jiangsu region...Read More
A summary of Australia-listed lithium producer Orocobre's production results as of 30 September 2021, released on Friday October 22.In brief Average pricing for the fourth quarter of 2021 and January 2022 for shipments of spodumene, a precursor of lithium, is $1,650 per tonne on a cif basis for 6% Li2O, "almost double that of the September quarter," the company said. The average spodumen...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More