The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More
China's rebar futures rebounded on Wednesday September 15 after the National Bureau of Statistics (NBS) released data indicating lower steel output in August, but spot prices continued to drop on weak end-user demand. DomesticEastern China (Shanghai): 5,480-5,520 yuan ($850-857) per tonne, down by 20 yuan per tonneChinese steel output continued to decline on both a yearly and monthly basis in Augu...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
China's domestic spot market for high-carbon ferro-chrome went up in the week to Tuesday September 14, reflecting tight availability and an expectation of good consumer demand.Fastmarkets' weekly price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, rose by 100-200 yuan per tonne to 10,000-10,300 yuan ($1,553-1,599) per tonne on Tuesday, from 9,800-10,200 yuan per tonne previou...Read More
Inner Mongolia, China's ferro-chrome production heartland, has imposed restrictions on its metallurgical sector in a move that has fueled the high-carbon ferro-chrome markets in China and Europe, and although this may ease off, the gains were unlikely to be lost while alloy ramp-ups continue, sources have told Fastmarkets.The decision to restrict energy consumption in Inner Mongolia since December...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Recent weeks have brought two key developments with regard to trade policy on stainless steel products that will be to the detriment of consumers.In China, the country's stainless steelmakers no longer enjoy a 13% export rebate as of May 1, reducing greatly their incentive to export and instead leading them to focus on supply...Read More
Fastmarkets has corrected the pricing rationale for MB-CO-0005 cobalt standard grade, in-whs Rotterdam, $ per lb, which was published incorrectly on Wednesday September 15 due to reporter errors.The range of offers was entered incorrectly for publication in the rationale as $24.30-24.80 per lb, and has been corrected to $24.60-24.80 per lb.One bid at $24.30 was discarded from the assessment due to...Read More
A Turkish mill has returned to the United States' deep-sea ferrous scrap market to secure material at a $1.50- to $5.00-per-tonne increase compared with the previously reported US sale to the region.An East Coast exporter sold a cargo comprising 23,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $441.50 per tonne cfr, and 5,000 tonnes of shred and 3,000 tonnes of bonus-g...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More
Stainless steel prices continue to register new highs around the end of the first half of 2021 and steelmakers continue to enjoy outsized margins.They have responded in recent months by increasing their output, which has now pushed above pre-pandemic levels and will eventually restore balance to the market.For now, though, supply gaps are still being filled and buyers find themselves competing aga...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Fastmarkets analysts were invited to present our outlook for the coking coal market at Coaltrans Asia, held online on November 23-25. One of the key topics at the event was the trade tensions between China and Australia, which overtook Mongolia to become the largest coking coal exporter to China this year...Read More
Russia's Metalloinvest has finished modernization work on one of the blast furnaces (BF) at its Ural Steel asset, enabling it to increase pig iron capacity while at the same time cutting greenhouse gas emissions.Metalloinvest has restarted BF No3 at its Ural Steel asset in at Novotroitsk in the Orenburg region to the south of Moscow, the company said late last week. BF No3's capacity to make pig i...Read More
London Metal Exchange prices bounced back on September 15, with lead the only metal under selling pressure. Aluminium had an intraday high of $2,924 per tonne. This is its highest price since it touched $3,000 per tonne on Monday prior to the sell-off on Monday afternoon. Its closing price was lower, at $2,893 per tonne, but still 2.2% higher than Tuesday's closing price. Similarly, nickel's...Read More
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 14 that are worth another look....Read More
Standard Lithium Ltd it is undertaking a pilot project in southern Arkansas to test carbon-capture technology to reduce emissions, the company said. The pilot project will be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture AS, and will be installed at a natural gas processing site in Columbia County, Arkansas, that is owned and operated by oil and gas explorat...Read More
Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 14 and their latest price moves.China Tighter production curbs strengthened sentiment in the ferro-chrome market, underpinning domestic spot prices. With looming concerns over domestic supply, and demand for material expected to be resilient, buyers' appetite for imported ferro-chrome was enh...Read More
Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More