Mexican ferrous scrap prices posted widespread declines in the week ended on Friday September 17 despite steady demand in the country.Almost all scrap buyers reduced their prices during the week, with most reductions ranging from 300-500 pesos ($15-25) per tonne, market participants said.The movement was believed to be a lagged response to lower ferrous scrap prices in the United States due t...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 21 and their latest price moves.China The imported charge chrome market rose strongly on supply tightness in China, due to falling domestic production following electricity restrictions. The UG2 chrome ore market stayed stable, with cost support holding prices in balance against falling consu...Read More
The market for steel rebar and billet in the United Arab Emirates was silent in the week to September 21 because buyers were waiting for new local rebar prices to be announced, sources told Fastmarkets.Most market participants expect prices to follow the global downtrend.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $700-710 per tonne on Sep...Read More
The world's largest cobalt supplier is the Democratic Republic of Congo (DRC), which leaves a growing market dependent on a region that poses challenges, among them the risk of human rights abuses.Cobalt is a key ingredient in batteries that power electric vehicles (EVs), and its use is expected to grow exponentially as the world shifts to a greener economy. As a result, in recent years, market s...Read More
China is putting more cities in the northern region under its air pollution controls to reduce emissions during the upcoming winter.Cities in northern Hebei, northern Shanxi, eastern and southern Shandong and southern Henan will join the fight against smog, bringing the total number of cities affected to approximately 64, according to a draft policy plan released by the Ministry of Ecology and Env...Read More
En+ Group is eyeing a partnership with the manufacturer of an electric vehicle to produce aluminium with low-carbon greenhouse gas emissions, its executive chairman told Fastmarkets.Speaking in an interview on Tuesday September 21, Lord Gregory Barker said that partnerships of this kind would "absolutely" become more common as the group scaled up its inert anode technology, which generates direct...Read More
Mexican ferrous scrap prices posted widespread declines in the week ended on Friday September 17 despite steady demand in the country.Almost all scrap buyers reduced their prices during the week, with most reductions ranging from 300-500 pesos ($15-25) per tonne, market participants said.The movement was believed to be a lagged response to lower ferrous scrap prices in the United States due t...Read More
Standard-grade cobalt metal was trading at a premium over alloy-grade for the first time since March on Monday September 20 amid spot demand in Europe for tightening briquette and broken cathode supply.Fastmarkets' daily price assessment for cobalt standard grade, in-whs Rotterdam was $24.60-25.00 per lb on Monday, up from $24.45-25.00 per lb on the previous Friday.This marks the first time t...Read More
The world's largest cobalt supplier is the Democratic Republic of Congo (DRC), which leaves a growing market dependent on a region that poses challenges, among them the risk of human rights abuses.Cobalt is a key ingredient in batteries that power electric vehicles (EVs), and its use is expected to grow exponentially as the world shifts to a greener economy. As a result, in recent years, market s...Read More
Manganese semi-carbonate prices have risen in the past week on renewed liquidity, although inventories continued to weigh heavily on the market, limiting any potential gains.Fastmarkets' latest calculation of the manganese ore index, 37% Mn, cif Tianjin, was $4.56 per dry metric tonne unit (dmtu) on Friday September 17, up by 8 cents per dmtu (1.79%) from $4.48 per dmtu the previous week.Fresh liq...Read More
Manganese semi-carbonate prices have risen in the past week on renewed liquidity, although inventories continued to weigh heavily on the market, limiting any potential gains.Fastmarkets' latest calculation of the manganese ore index, 37% Mn, cif Tianjin, was $4.56 per dry metric tonne unit (dmtu) on Friday September 17, up by 8 cents per dmtu (1.79%) from $4.48 per dmtu the previous week.Fresh liq...Read More
The Malaysia Smelting Corporation, one of the largest tin producers in the world, is currently operating its main smelter with 80% of its staff present, one company representative confirmed to Fastmarkets on September 21. MSC declared force majeure in early June after the third wave of Covid-19 cases began to rapidly affect the country. The spokesperson for the company noted that the force ma...Read More
Domestic prices for hot-rolled coil in northern Europe and Italy declined on Tuesday September 21 due to low trading activity, sources told Fastmarkets.Spot buyers have been holding back from making new orders because they have sufficient stocks and they expect domestic prices to move down further. Negative sentiment has been supported by reduced demand from the automotive segment. Car manufacture...Read More
The export market for flat steel products from the Commonwealth of Independent States went down again in the week to Monday September 20 because buyers were still cautious and were still expecting a further reduction in prices.Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $840-865 per tonne on Monday, down from $850-870 per tonne a week before."Overall market...Read More
The market for steel rebar and billet in the United Arab Emirates was silent in the week to September 21 because buyers were waiting for new local rebar prices to be announced, sources told Fastmarkets.Most market participants expect prices to follow the global downtrend.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $700-710 per tonne on Sep...Read More
CIS wire rod export prices had an up-and-down week in the seven days to Monday 20 September, particularly in Russia, where mill offer prices went in different directions, sources told Fastmarkets.Russia's Abinsk Electric Steel Works continued to drop its offer prices to attract customers and outflank competitive offers from Turkey.The most recent offers from the mill were heard at $767-772 per ton...Read More
ArcelorMittal is preparing to invest $100 million from its innovation fund into a company founded by Bill Gates, best known as the founder of Microsoft, to develop decarbonization technologies, it announced on Monday September 20.The $100 million equity investment in Gates' Breakthrough Energy will be made over five years via ArcelorMittal's XCarb innovation fund, and will go toward scaling-up the...Read More
Mexican ferrous scrap prices posted widespread declines in the week ended on Friday September 17 despite steady demand in the country.Almost all scrap buyers reduced their prices during the week, with most reductions ranging from 300-500 pesos ($15-25) per tonne, market participants said.The movement was believed to be a lagged response to lower ferrous scrap prices in the United States due t...Read More
Turkish steel mills continued to ignore the deep-sea scrap market on Tuesday September 21, with no transactions heard so far this week, market participants told Fastmarkets.While mills have not yet booked any new transactions so far this week, another transaction emerged from last week, which sources said was a top-up shipment for a cargo booked two...Read More
En+ Group is eyeing a partnership with the manufacturer of an electric vehicle to produce aluminium with low-carbon greenhouse gas emissions, its executive chairman told Fastmarkets.Speaking in an interview on Tuesday September 21, Lord Gregory Barker said that partnerships of this kind would "absolutely" become more common as the group scaled up its inert anode technology, which generates direct...Read More