Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index is currently at its highest level since April 2019.Treatment charges of October cargoes were reportedly sold to smelters in the range of $58-62 per tonne this week, roughly equivalent to the 2021...Read More
The price of austenitic alloy steel scrap in Europe moved higher this week because of tight supply, despite nickel costs dropping off sharply through the week, Fastmarkets heard on Friday August 20.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids import, cif main European port was ?,?1,600-1,670 ($1,869-1,951) per tonne on Friday, up...Read More
Seven UK-based organizations have joined forces to set up a consortium to develop solid-state battery technology for automotive applications, the members said on Friday August 20.Specialty chemicals company Johnson Matthey and Britishvolt, a UK-based investor in lithium-ion battery cells which began a long-term strategic partnership with Glencore this week, have joined the consortium.The other mem...Read More
South American flat-rolled steel import prices edged lower in the week to Friday August 20 amid aggressive bidding from customers for material from origins other than China and much more competitive alternatives emerging from the Commonwealth of Independent States.Chinese offers to the continent remained scarce due to uncertainties involving a potential export tax expected to be introduced in the...Read More
The light iron scrap market in the United Kingdom was stable over the week to Friday August 20 while scrap processors held their offer prices to ensure a steady flow of material into their yards, sources told Fastmarkets.UK export prices were also relatively stable despite quieter trade due to the seasonal slowdown, cementing support for domestic British prices. The export market accounts for more...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
Coated steel coil prices decreased in Turkey during the week to Friday August 20 because of low levels of demand, sources have told Fastmarkets.Buyers wanted to see which direction global prices would move before placing orders, they said.Many export market participants were on holiday, so demand for exports was low during the week.Domestic pricesFastmarkets' weekly price assessment for steel hot-...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
Toyota is to suspend automotive production for between two days and just over a month at 27 of its 28 production lines in Japan in August and September.The suspensions were due to "parts shortages resulting from the spread of Covid-19 in southeast Asia," the company said on Thursday August 19.The main Toyota Motor Corp production facilities affected include Motomachi, Takaoka, Tsusumi, Tahara...Read More
A large drop in Chinese import steel billet bid prices has caused sellers to slash offer prices in an attempt to sell material to alternative markets, sources told Fastmarkets on Friday August 20.Chinese ferrous futures were in free-fall from Monday August 16 to Thursday August 19 amid pessimistic outlook for near-term economic growth and steel demand in China. Although contracts recovered slightl...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...Read More
Prices of imported scrap in Turkey continued to weaken amid limited finished steel trade in the week to August 20, while buyers in Asia resisted higher offers. Turkish steel mills book more scrap for September shipments at decreasing prices The United States scrap export market reports further price decrease with a fresh cargo sale to Turkey Buyers in Vietnam resist higher offers for bulk cargoes...Read More
Brazil's pig iron export market was calm but prices weakened during the week to Friday August 20 due to low demand.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $510-520 per tonne on Friday, down from $540-545 per tonne a week earlier."[The] market is very slow now because demand is almost non-existent, buyers are very cautious...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 20.Susan Zou, Yingchi Yang and...Read More
Steel wire rod prices in Poland were unchanged in the week to August 20 amid slow trading, while local producers were heard mulling a post-holiday price increase, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 4,200-4,250 zloty ($1,071-1,084) per tonne on August 20, unchanged from seven days ago.Trading in the loca...Read More
The steel rebar market in Poland remained quiet in the week to Friday amid the usual summer slowdown but the outlook for September among market participants is quite upbeat amid good end-user demand and robust order books at mills.Steel reinforcing bar (rebar), domestic, exw Poland was 4,050-4,100 zloty ($1,033-1,046) per tonne on Friday August 20, narrowing from 4,000-4,150 zloty per tonne in the...Read More
Global aluminium prices and premiums have been on a near-vertical uptrend, touching record highs along the way, with consumers of aluminium in various sectors finding ways to absorb and pass on the increasing costs.Managing high raw material costs has become a key theme in quarterly earnings reports and in conference calls for manufacturing companies throughout the summer months of 2021. Despite h...Read More