The publication of Fastmarkets' Shanghai copper cathode premiums was delayed on October 5 because of a reporter error.Fastmarkets' pricing database has since been updated. The data for October 6 is unaffected.The below prices have now been updated:MB-CU-0405 - Copper grade A cathode premium, in-whs Shanghai, $/tonneMB-CU-0383 - Copper grade A cathode ER premium, bonded in-whs Shanghai, $/tonneMB-C...Read More
The tin market has yet to solve the supply-demand imbalance evident throughout this year, but artisanal mining has become an even more crucial part of the market, panelists at the AMT Virtual Tin Market Forum noted on October 6.Thethree-month tin price on the London Metal Exchange has traded on average above$30,000 per tonne since June, rising by around 70% since January of thisyear. The stee...Read More
Domestic steel reinforcing bar prices in the United States were sideways this week, with the combination of demand and backlogs expected to sustain what many market participants believe is a price peak.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday October 6, unchanged since August 11 but up by 65.55% from $29.7...Read More
Hot-rolled coil prices in the United States dipped for the fourth consecutive business day, consolidating around the $97.30-per-hundredweight ($1,946-per-short-ton) level, with several buyers insisting the pricing rally may have hit its peak.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $97.32 per cwt ($1,946.40 per ton) on Wednesday October 6, down by 7 cents (0.07...Read More
Turkey's steel and industrial gas producer Habas is planning to start hybrid vehicle production at a former Honda plant, according to a report seen by Fastmarkets.Honda terminated vehicle production in its plant in Kocaeli, Turkey, in September 2021. Habas is in touch with almost 30 engineering companies to start hybrid...Read More
Philippine steelmakers have come back to the import market for steel billet while key buyers in China are celebrating National Day holidays, sources said on Wednesday October 6.Russian 5sp 125mm electric-arc furnace (EAF) billet was sold at $690-693 per tonne cfr Philippines this week, several key market participants told Fastmarkets on Wednesday.A European trader said that the 125mm EAF billet ca...Read More
Steel rebar prices increased in the domestic market in Russia's Central Federal District around Moscow in the week ending Monday October 4, with local producers taking advantage of the low stocks of both traders and end-users to raise offers, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, cpt Moscow, Russia was 55,500-59,000 roubles (...Read More
Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others prefer to focus on raising the price of steel, sources told Fastmarkets on the sidelines of the Made in Steel 2021 trade fair in Milan, Italy.In October, prices for gas...Read More
Metal market participants have been forced to take creative approaches to ensure they can continue trading amid an intensely challenging freight environment, sources told Fastmarkets.A global logistics crisis has dragged on through the summer and into the autumn of 2021, highlighted by a continued shortage of vessels and containers, together with port congestion across the globe. Quarantines relat...Read More
Thyssenkrupp Steel has launched a form of steel with a reduction in CO2 intensity of 70%, it said.Using hot-briquetted iron (HBI), the carbon emission intensity per tonne of lower-CO2 flat steel products - which it calls "bluemint" - is 70% lower at 0.6 tonnes of CO2 per tonne than the 1.5 tonnes that would be produced otherwise, the steelmaker said on Wednesday October 6.Thyssenkrupp's "bluemint...Read More
Turkish steel producers resumed their deep-sea scrap purchases for November shipments after a short break, market participants told Fastmarkets on Wednesday October 6.A steel mill in the Marmara region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $448 per tonne and 8,000 tonnes of shredded at $463 per tonne cfr.And a steel mill in the Iskenderun region booked a Baltic Sea carg...Read More
Vietnamese steelmakers have dipped back into the deep-sea import market for steel scrap following a sudden surge in Japanese offer prices, sources told Fastmarkets on Wednesday October 6.Vietnam books fresh deep-sea cargoesTaiwan import prices remain high after strong Japanese offersScrap import prices in India move up following shredded dealVietnamVietnamese steel mills are purchasing bulk deep-s...Read More
Iron ore prices were largely stable on Wednesday October 6 amid low liquidity in both the physical and futures markets during the Chinese Golden Week holidays, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $116.71 per tonne, up $0.13 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.63 per tonne, up $0.29 per tonne58% Fe fines high-grade premium, cfr Qingdao: $90.31 per to...Read More
Bids and offers for seaborne coking coal on an fob Australia basis strengthened on Wednesday October 6 amid firm demand and limited supply, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $603.28 per tonne, unchangedHard coking coal, cfr Jingtang: $565.14 per tonne, unchangedPremium hard coking coal, fob DBCT: $404.53 per tonne, up by $8.55 per tonneHard coking...Read More
Fastmarkets analyst Boris Mikanikrezai and reporter Yasemin Esmen size up the copper market ahead of LME Week, which begins Monday October 11.While copper had a good start to the year, benefiting from the broad reflationary trade that lifted all the metals, it has come under pressure since its peak in May mainly due to a deterioration in the macroeconomic environment.The peak in copper prices came...Read More
Fastmarkets analyst Yang Cao and reporter Justin Yang size up the aluminium market ahead of LME Week, which begins Monday October 11.Aluminium has been the second-strongest performer of the base metals this year (behind tin), with the London Metal Exchange three-month price gaining 51% from where it was at the end of last year, reaching the intraday high of $3,000 per tonne in September. The main...Read More
Most base metals prices opened lower on the London Metal Exchange on Wednesday October 6, due to bearish sentiment stemming from the recent fears about debt problems in China.The three-month copper led the losses and was trading at $8,994 per tonne in early trading, down from $9,174 per tonne at the close on Tuesday."Fears that there could be more property debt problems in China outside of Evergra...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 6.Key driversEuropean ferro-titanium and titanium scrap markets extended their steady trend for a fifth consecutive week, with suppliers holding offer prices against expected renewed demand from steel mills.Deals were reported within current price ranges, but the bulk of expected renewed quarterly demand from steel mills for...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cooks...Read More
An overview of the consumer electronics markets and their latest price moves.Susan Zou in...Read More