Indian domestic prices for secondary steel billet tumbled by 1,900 rupees ($26) per tonne in the week ended Friday August 27 with the price of the key raw material, direct-reduced iron (DRI), dropping by 1,200 rupees per tonne.The slide in billet prices through the week was driven by sluggish demand and fewer inquiries from buyers.The price of steel billet, domestic, exw India, assessed by Fastmar...Read More
The domestic steel rebar price in Poland was flat in the week to Friday August 27 due to a seasonal slowdown, though expectations for September are rather bright amid solid construction demand, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was unchanged at 4,050-4,100 zloty ($1,041-1,054) per tonne on Friday.Read More
Indian domestic prices for secondary steel billet tumbled by 1,900 rupees ($26) per tonne in the week ended Friday August 27 with the price of the key raw material, direct-reduced iron (DRI), dropping by 1,200 rupees per tonne.The slide in billet prices through the week was driven by sluggish demand and fewer inquiries from buyers.The price of steel billet, domestic, exw India, assessed by Fastmar...Read More
At $3 below $2,700 per tonne, aluminium reached its highest three-month price on the London Metal Exchange since May 2011 on Friday August 27, and most prices on the complex were also up following long-awaited statements from the US Federal Reserve Chair. The new year-to-date peak for aluminium was $2,697 per tonne on Friday; the metal was up by 1.1% at 5pm to $2,649.50 per tonne from Thursday's $...Read More
Premiums in Europe and the United States continue to push higher, with market participants starting to negotiate contracts for 2022 supply.EuropeFastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,220-1,270 per tonne on Friday August 27, up from $1,200-1,250 per tonne a week earlier and from $1,190-1,240 at the beginning of the month.Fastmarkets'...Read More
At $3 below $2,700 per tonne, aluminium reached its highest three-month price on the London Metal Exchange since May 2011 on Friday August 27, and most prices on the complex were also up following long-awaited statements from the US Federal Reserve Chair. The new year-to-date peak for aluminium was $2,697 per tonne on Friday; the metal was up by 1.1% at 5pm to $2,649.50 per tonne from Thursday's $...Read More
Indian domestic prices for secondary steel billet tumbled by 1,900 rupees ($26) per tonne in the week ended Friday August 27 with the price of the key raw material, direct-reduced iron (DRI), dropping by 1,200 rupees per tonne.The slide in billet prices through the week was driven by sluggish demand and fewer inquiries from buyers.The price of steel billet, domestic, exw India, assessed by Fastmar...Read More
Fastmarkets has corrected its weekly price assessment for Molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam following a data entry error.The weekly price assessment for MB-FEO-0003 molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam on Friday August 27 should have been $20.50-20.65 per lb Mo, but was published as $2.50-20.65 per lb MoFastmarkets' pricing database has been u...Read More
Low-volatility pulverized coal injection (PCI) prices in both the fob and cfr market jumped following price gains in coking coal the week to Friday August 27. And a shortage of railway wagons in Russia has delayed the transport of PCI to China, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $408.51 per tonne, down $0.42 per tonneHard coking coal, cfr Jingtang: $385.67 per...Read More
Seaborne iron ore prices mostly increased on Friday August 27 amid stable trading activity in the physical market, particularly at China's ports, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $157.55 per tonne, up $4.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.84 per tonne, up $4.04 per tonne58% Fe fines high-grade premium, cfr Qingdao: $126.50 per tonne, up $3.62...Read More
At $3 below $2,700 per tonne, aluminium reached its highest three-month price on the London Metal Exchange since May 2011 on Friday August 27, and most prices on the complex were also up following long-awaited statements from the US Federal Reserve Chair. The new year-to-date peak for aluminium was $2,697 per tonne on Friday; the metal was up by 1.1% at 5pm to $2,649.50 per tonne from Thursday's $...Read More
Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.This includes projects and targets for green steel, carbon capture, carbon neutral, net zero, low-carbon emissions and fossil-free steel. Hotspots appear in Germany, France and Sweden, where steelmaking is already well established. Policy, funding and sharing of infras...Read More
The import pig iron market in the United States weakened during the week to Friday August 27 on low demand and a weak scrap market, which adds pessimism to buyers.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $545-550 per tonne on Friday, down $15-30 from $560-580 per tonne cfr a week before."Everyone was well covered [with pig iron] and then some panicked and boug...Read More
Low-volatility pulverized coal injection (PCI) prices in both the fob and cfr market jumped following price gains in coking coal the week to Friday August 27. And a shortage of railway wagons in Russia has delayed the transport of PCI to China, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $408.51 per tonne, down $0.42 per tonneHard coking coal, cfr Jingtang: $385.67 per...Read More
Treatment charges for lead concentrate rose in August on a strongly negative import arbitrage and a steep backwardation on the London Metal Exchange, market participants told Fastmarkets.In addition, more mined material has become available to the Chinese market, which has been tightly supplied for the past three months.Fastmarkets' lead spot concentrate TC, low silver, cif China and the lead spot...Read More
Fastmarkets copper concentrate treatment charge/ refining charge (TC/RC) index continued to rise in the week to August 27. Fastmarket's calculation of the copper concentrates TC index, cif Asia Pacific is now at its highest level since mid-April 2020, with smelters bidding for clean tonnage at mid-to-high $60s. Blended cargos from Asia were offered in the mid-$60s...Read More
Treatment charges for lead concentrate rose in August on a strongly negative import arbitrage and a steep backwardation on the London Metal Exchange, market participants told Fastmarkets.In addition, more mined material has become available to the Chinese market, which has been tightly supplied for the past three months.Fastmarkets' lead spot concentrate TC, low silver, cif China and the lead spot...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 26 that are worth another look.Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.The striking workers union at...Read More
Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said. Glencore, which declined to commen...Read More
Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said.Glencore, which declined to comment...Read More