Japan's August production and sales of Toyota's new vehicles, including those of its subsidiaries Daihatsu and Hino Motors, fell on a monthly basis amid the severe shortage of semiconductor chips and raw materials, which have disrupted supply chains this year.Toyota's Japan August production of new vehicles fell by 39.3% and 11.4% on a monthly and yearly basis respectively, to 244,342 vehicles. To...Read More
ArcelorMittal has secured a ?,?280 million loan from the European Investment Bank (EIB) for research and innovation to support its decarbonization objectives, the steelmaker said.The loan will enable the company to expand its research and development (R&D) activities significantly in the field of decarbonization as well as related capital expenditure, it said on September 27.Investment spendi...Read More
Nickel was almost at a four-month low, while all prices on the London Metal Exchange declined on Wednesday September 29, pushed down by the continued uncertainty over demand given high energy prices and a US Dollar Index that was at its highest since November 2020.The US Dollar Index reached 94.28 on Wednesday, a near-one-year high and a 1.9% increase from 92.50 at the start of September. The...Read More
The price of steel hollow sections in Europe softened in the week to Wednesday September 29, ahead of the renewal of European Union import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,300-1,330 ($1,519-1,554)per tonne on Wednesday September 29, down from ?,?1,350-1,400 per tonne on Wednesday September 2...Read More
Seaborne coking coal prices declined on Wednesday September 29 amid thin trading; premium hard coking coal prices in both the cfr and fob markets are relatively high, which depressed buying interest in the spot market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $592.89 tonne, down $4.17 per tonneHard coking coal, cfr Jingtang: $534.86 per tonne, down $3.79...Read More
Turkish mills are actively seeking United States-origin scrap and expect to negotiate their next US deep-sea cargoes at prices comparable to or higher than the last-reported sales, sources said on Wednesday September 29.Tight shredded and bonus-grade scrap supply is staving off further export market downside and shoring up heavy melt prices, with buyers willing to pay more to secure units of grade...Read More
The US nickel briquette price hit a new all-time high; premiums in Asia and Europe remain unchanged. China premiums stable ahead of Chinese National Holidays US briquette hits new all-time high amid extreme shortage European premiums remain flat Shanghai premiums stable ahead of holidays The premiums on nickel cathodes imported into China remained stable in the week to Tuesday September 28,...Read More
Base metals prices edged down in morning trading on Wednesday September 29, with weakness in across the complex supported by the rising US Dollar Index, which pushed up to its highest level since November 2020."Copper and most of the other metals [prices fell] on Wednesday, with Asian equities suffering from a global stock sell off," Marex LME desk analyst Anna Stablum said."Wall Street [had its]...Read More
Fastmarkets has corrected the pricing assessment for steel slab, export, fob ports Iran, which was published incorrectly on Wednesday September 29 due to a reporter error.The assessment range for steel slab, export, fob ports Iran was entered incorrectly as $672-782 per tonne, and has been corrected to $672-682 per tonne.Fastmarkets' price database has been updated to reflect the change.For m...Read More
Limited supplies of cobalt hydroxide on the spot market and rising feedstock prices have revived interest in cobalt briquettes among refineries looking to secure near-term supplies of raw materials.In the week to Friday September 24, several tens of tonnes cobalt briquettes were purchased in the spot market by cobalt salts refineries, after barely any had changed hands in previous weeks, trader so...Read More
Export slab prices from Iran continued to decrease in the week to Wednesday September 29 amid weakening customer markets.Southeast Asia and China are currently the main destinations for Iran-origin slab.Fastmarkets' daily steel hot-rolled coil index export, fob main port China, was $ 910 per tonne on September 29, unchanged day on day but down by $15 per tonne week on week.In such conditions...Read More
Aqua Metals is working to apply its lead recycling technology to the recycling of lithium-ion batteries and has established a research and development center in the United States for this purpose, the company said.According to Aqua Metals, which has developed technology for plating ultra-high purity lead, early-phase testing has shown it could apply its AquaRefining methodology to plating metals f...Read More
The export billet price from the Commonwealth of Independent States strengthened on Wednesday September 29 with a fresh Black Sea cargo reported sold to China.A 40,000-tonne lot of Ukraine-origin billet was sold to China at $705 per tonne cfr on Wednesday, a source on the seller side told Fastmarkets. Market participants estimate that the price nets back to $600-605 per tonne fob Black Sea, consid...Read More
ArcelorMittal Belgium will build a 2.5 million-tonne-per-year direct reduced iron (DRI) plant and two electric furnaces (EAFs) at its Ghent site that will drive down its carbon emissions, it said.The steelmaker has signed a letter of intent with the governments of Belgium and Flanders, supporting the ?,?1.1 billion ($1.16 billion) project, it said on Tuesday September 28.This will reduce CO2 emiss...Read More
The price of steel hollow sections in Europe softened in the week to Wednesday September 29, ahead of the renewal of European Union import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,300-1,330 ($1,519-1,554)per tonne on Wednesday September 29, down from ?,?1,350-1,400 per tonne on Wednesday September 2...Read More
Nexa Resources has halted mining operations at the San Gerardo open-pit zinc-lead mine at its Atacocha project in Peru, after protesters began "illegally blocking public roads" in the Pasco region of the country, the company said this week. The company said that, despite the blockade in and around the mine by the local Joraoniyoc community, there had not been a material impact on production a...Read More
The export billet price from the Commonwealth of Independent States strengthened on Wednesday September 29 with a fresh Black Sea cargo reported sold to China.A 40,000-tonne lot of Ukraine-origin billet was sold to China at $705 per tonne cfr on Wednesday, a source on the seller side told Fastmarkets. Market participants estimate that the price nets back to $600-605 per tonne fob Black Sea, consid...Read More
Steel rebar prices in Southern Europe continued to slide during the week to Wednesday September 29 amid slow buying activity, sources told Fastmarkets.Fastmarkets' assessment of steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?725-740 ($841-865) per tonne on Wednesday, down by ?,?5-30 per tonne from ?,?730-770 per tonne last week.ItalyRebar demand in Italy has been weak du...Read More
China's power-cut policy has caused disruption in the battery raw materials supply chain and has brought uncertainty to the price of materials like nickel and cobalt, sources told Fastmarkets.The country started introducing power-consumption limits in some provinces in July 2021 due to power shortages following its carbon-reduction policy, and the curbs have been extended into more provinces and h...Read More
The Brazilian steel industry intends to contribute to a reduction in greenhouse-gas (GHG) emissions in order to lower the country's carbon footprint, the steelmakers' association, Instituto A??o Brasil, said on Wednesday September 29.The methods to cut emission will include developing a strong local carbon credit market and moving forward with higher scrap and charcoal usage, as well as improving...Read More