An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Cristina Belda,...Read More
Domestic prices for hot-rolled coil dropped in Northern Europe and Italy on Friday September 24 on limited trading, sources told Fastmarkets.Buyers have mostly been taking a "wait-and-see" strategy in anticipation of further price falls. In addition, market participants said most buyers already have sufficient stocks to last until the end of the year.Lower demand for steel from the automotive indu...Read More
Most flat steel prices decreased in Turkey during the week to Friday September 24, with demand weak because buyers wanted to see prices hit a market bottom, sources told Fastmarkets.In addition to the falling prices, low demand from the automotive sector because of the semiconductor chip shortage also affected buying in Turkey. Several carmakers in the country were undergoing temporary shutdowns d...Read More
The processing charge on spot copper concentrates increased in the week to Friday September 24, reflecting the return of smelters to market activity after the traditionally slow summer months.Clean tonnages were sold to Chinese smelters in the low-to-mid $60s per tonne, with interest being shown for material to be available in the first quarter of next year.A new round...Read More
September has been a very eventful month so far for the Chinese silico-manganese and ferro-silicon markets. In the first three weeks, the futures prices for both products kept rising to new heights against market expectations.Market participants have grown antsy in the absence of any indication of a slowdown in this upward momentum. They believe the unprecedented price rally has gone far beyond ma...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 24.China The ferro-silicon price in China became very bullish following the news that Fugu, a ferro-silicon production hub in Shaanxi province, issued instructions for broad cuts in the production of ferroalloys, magnesium and semi-coke starting from September 19, to meet the dual control targets...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
Ford Motor Co is working in partnership with Redwood Materials to create a closed loop for recycling lithium-ion batteries from electric vehicles (EVs) and a domestic supply chain for critical battery materials.Nevada, United States-based Redwood, founded by former Tesla chief technology officer Jeffrey Brian Straubel, said the US automotive manufacturer has invested $50 million in Redwood to help...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
Turkish steel mills returned to the deep-sea scrap market on Friday September 24, ending a week-long absence and booking at least one new cargo, market sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic-sea origin cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $434 per tonne and 3,000 tonnes of bonus at $449 per tonne. ...Read More
China's Chengxin Lithium International, a subsidiary of the Chengxin Lithium Group, is planning to enter into a joint venture lithium project in Indonesia with Singapore's Stellar Investment.It plans to invest $350 million in the joint venture whose proposed name is PT ChengTok Lithium Indonesia, it said on Friday September 24.Chengxin Lithium International will hold a 65% stake in the joint ventu...Read More
Prices moved up in several major Asian import scrap markets in the week to Friday September 24, reflecting moves to replenish stocks at mills in Taiwan and Vietnam as well as fresh domestic scrap price increases in Japan.Turkey stays largely quiet following last week's bookingsUS exporters struggle to source shredded materialVietnam returns for Japan-origin scrap amid demand uptickChina import scr...Read More
Limited availability of light-iron scrap in the UK has cemented the market in its current range in the week to Friday September 24, with major processors holding their offer prices to ensure a steady stream of supply into their yards, trade sources said.Fastmarkets' weekly price assessment for steel scrap 5C loose old light domestic, delivered inter-merchant UK, was ?170-190 ($233-260) per tonneo...Read More
Indian steel mills kept their prices for domestic cold-rolled coil and galvanized coil steady in the week to Friday September 24, even with traders selling such downstream flat steel products at significant discounts in the local markets, Fastmarkets has learnt.The price of steel hot-dipped galvanized coil, domestic, ex-whse India, was assessed at 80,500-81,500 rupees ($1,091-1,104) per tonne on F...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More
The impact of China's new "Two High" energy and emissions policy is likely to continue in the iron ore market into the first quarter of 2022, sources told Fastmarkets this week.Sentiment for the coming six months has turned increasingly bearish since the guidelines, coupled with winter production restrictions, were announced in September. New guidance on 'Two-High' projectsThe "Two-High" poli...Read More
General Motors will double production in two of its Brazilian plants by introducing a second work shift, despite an ongoing global semiconductor chip shortage, the United States-based company's local branch said on Wednesday September 22.The automaker's unit in S??o Caetano do Sul, a city in Brazil's southeastern S??o Paulo state, will begin a second work shift on September 27. A second unit in Gr...Read More
Turkish steel mills returned to the deep-sea scrap market on Friday September 24, ending a week-long absence and booking at least one new cargo, market sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic-sea origin cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $434 per tonne and 3,000 tonnes of bonus at $449 per tonne. ...Read More
A dearth of trading activity in the Turkish steel billet market kept prices largely unchanged in the week to Thursday September 23.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $610-620 per tonne on September 24, unchanged week on week.Offers of CIS-origin billet from traders and mini-mills were heard within the range of $620-630 per tonne cfr.But booking...Read More
Turkish alloy steelmaker ??emtas has started production at its new stabilizer line for supplying steel to commercial vehicle producer Man, ??emtas said on Tuesday September 21.Located in Bursa, ??emtas has a crude-steel production...Read More