Fastmarkets has corrected the pricing rationale for MB-CO-0004 - cobalt alloy grade, in-whs Rotterdam, $/lb, which was published incorrectly on Wednesday September 8 due to a reporting team error.One bid of $23.80/lb, which was reported by a seller, was incorrectly reported at $24.80/lb.Fastmarkets' rationale database has been updated to reflect this change. There is no change to the final assessm...Read More
The price of steel H-beams in the European domestic market was unchanged in the week to Wednesday September 8 despite reduced buying interest, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,050-1,080 ($1,245-1,281) per tonne on Wednesday, unchanged week on week.While sellers were comfortably booked for September, they con...Read More
Domestic hot-rolled coil prices in China edged lower on Wednesday September 8; demand has not yet shown a significant improvement despite the advent of peak season.DomesticEastern China (Shanghai): 5,750-5,820 yuan ($890-901) per tonne, down by 30-50 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange climbed up after touching an intraday low of 5,674 yuan per tonne in over...Read More
The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesJuly 22, 2021: 5 tonnes for August 2021 at $25 per lbJuly 23: 5 tonnes for September 2021 at $25.20 per lbJuly 28: 176 tonnes (88 tonnes for August at $25.04 per lb; 88 tonnes for December at $25.40 per...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
A second lithium trade has been brokered against the CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea. A total of five tonnes of the October contract was traded at $19.75 per kg on Tuesday September 7. The transaction follows the first such trade involving the sa...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 8.Please click...Read More
The Russian government is proposing to abolish or reduce its recently-imposed export taxes on ferro-alloys - with the exception of ferro-silicon - in a surprise decision announced on Tuesday September 7. No firm date was given for the introduction of the planned changes.The Russian government introduced duties on 340 steel and non-ferrous metals outside the Eurasian Economic Union (EAEU) in June 2...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 8.Key driversThe spot price range for ferro-titanium consolidated higher in the week to Wednesday September 8, cementing a small gain from the week prior.Suppliers reported low-key but steady buying interest from steelmakers, and there are bigger tenders to be concluded for hundreds of tonnes being delivered in the fourth...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at 23.70-24.60 on Wednesday September 08,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and ...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 8.Please click...Read More
A correction has been issued for this article. The update can be found here.Read More
UG2 chrome ore prices fell by $11 per tonne on Tuesday September - the largest weekly drop since mid-July 2020 - after sellers cut their offers to revive buying interest dented by production cuts in the downstream alloy and stainless steel markets.Fastmarkets' calculated its chrome ore, South Africa UG2 concentrates index, basis 42%, cif China, down by $11 per tonne (6.3%) at $165 per tonne on Tue...Read More
The price of premium hard coking coal fob jumped on Wednesday September 8 with news of a fresh offer, while sources heard part of the tender result of Russian company Mechel.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $460.63 per tonne, up $2.82 per tonneHard coking coal, cfr Jingtang: $433.94 per tonne, up $2.52 per tonnePremium hard coking coal, fob DBCT: $300.87 per tonne, up $17...Read More
Seaborne iron ore prices decreased on Wednesday September 8 due to limited liquidity in the physical market, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $132.19 per tonne, down by $5.78 per tonne62% Fe low-alumina fines, cfr Qingdao: $133.29 per tonne, down by $4.81 per tonne58% Fe fines high-grade premium, cfr Qingdao: $106.66 per tonne, down by $4.03 per tonne...Read More
The Russian government is proposing to abolish or reduce its recently-imposed export taxes on ferro-alloys - with the exception of ferro-silicon - in a surprise decision announced on Tuesday September 7. No firm date was given for the introduction of the planned changes.The Russian government introduced duties on 340 steel and non-ferrous metals outside the Eurasian Economic Union (EAEU) in June 2...Read More