Australia's Port Hedland shipped lower volumes of iron ore in July month on month, according to data from the Pilbara Ports Authority (PPA) released on Wednesday August 11.The port on the northern coast of Western Australia exported 44.3 million tonnes of iron ore in July - a 12.1% drop compared with the 50.4 million tonnes shipped in June. On a year-on-year basis, exports...Read More
Iron ore prices went up on Wednesday August 11 following the uptrend in steel and coke prices, but the demand outlook remained bearish, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $165.48 per tonne, up by $3.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $165.97 per tonne, up by $3.22 per tonne58% Fe fines high-grade premium, cfr Qingdao: $134.28 per tonne, up by $3.34...Read More
Base metals prices on the LME were mainly weaker this morning, Wednesday August 11, after average rebound gains of 1.4% on Tuesday, while SHFE base metals prices were mainly stronger in reaction to yesterday's LME gains.US Senate passes $1 trillion infrastructure bill, focused on the transport system Wall Street set fresh record highs on Tuesday US dollar strong and climbing and US treasury yields...Read More
Seaborne coking coal prices increased in the fob Australia market amid increased buying interest on Wednesday August 11, while the cfr China market stayed strong due to domestic supply tightness, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $222.09 per tonne, up $0.98 per tonneHard coking coal, fob DBCT: $195.91 per tonne, up $5.75 per tonnePremium hard coking co...Read More
Ferrous scrap exports from the United States tumbled by 20.68% month on month in June, with shipments to Turkey down by two thirds compared with May, according to the latest data from the US Census Bureau.Ferrous scrap exports dropped to 1.61 million tonnes in June from 2.03 million tonnes in May and 1.63 million tonnes in April.Exports to Turkey, typically the top buyer of US ferrous scrap, plumm...Read More
Export billet prices from the Commonwealth of Independent States (CIS) region declined at the beginning of the week, pressured by low prices and poor demand.Lower import scrap prices in Turkey as well as low demand in major sales outlets due to the summer slowdown were the main reasons for the negative mood."[The] market seems very soft. August is a quiet month in general as well," a Europe-based...Read More
Japanese steel scrap exporters were unwilling to part with large tonnages of material at current market prices ahead of a long holiday in the country starting this week, sources told Fastmarkets on Wednesday August 11.Japanese sellers cautious about new salesLarge gap between containerized and bulk-shipment prices for Taiwan imported scrapChinese scrap import market quiet despite futures gains; pr...Read More
A summary of German steelmaker Salzgitter's financial results for the second quarter of 2021, running from April 1 to June 30.In brief Recovery in the steel market and surging steel prices led to a strong performance in the second quarter, particularly in Strip Steel and Trading. Steel demand in Europe has continued to increase from 2020's Covid-19 slump. Not only have steelworks' order intakes in...Read More
Domestic prices for hot-rolled coil were stable in Northern Europe and down in Italy on Wednesday August 11 due to seasonally weak trading activity, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,138.13 ($1,334.51) per tonne on August 11, down by ?,?0.62 per tonne from ?,?1,138.75 per tonne on August 10.The index was dow...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
Tin's three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Most other base metals, copper being the sole exception, were also up while the US Dollar Index pulled back slightly.Months-long supply tightness and continued demand for tin meant that its three-month price has risen by 70% since the start of the year, having been $2...Read More
Japanese steel scrap exporters were unwilling to part with large tonnages of material at current market prices ahead of a long holiday in the country starting this week, sources told Fastmarkets on Wednesday August 11.Japanese sellers cautious about new salesLarge gap between containerized and bulk-shipment prices for Taiwan imported scrapChinese scrap import market quiet despite futures gains; pr...Read More
Stainless steel sheet prices in the United States surged to decade highs in July due to increasing mill base price and rising surcharges.Buyers, who were unable to buy sufficient metal on allocation from mills, reported that non-mill sources prices rose sharply, widening the spread between the two. Fastmarkets' monthly assessment for stainless steel 304 cold-rolled sheet, fob mill US was $179...Read More
Hot-rolled coil prices in the United States remained firmly above $94 per hundredweight on Wednesday, setting an all-time high for the third day in a row.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $94.86 per hundredweight ($1,897.20 per short ton) on Wednesday August 11, up by 0.20% from $94.67 per cwt on August 10 and by 1.72% from $93.26 per cwt one week earlie...Read More
Domestic prices for hot-rolled coil were stable in Northern Europe and down in Italy on Wednesday August 11 due to seasonally weak trading activity, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,138.13 ($1,334.51) per tonne on August 11, down by ?,?0.62 per tonne from ?,?1,138.75 per tonne on August 10.The index was dow...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday August 11Key drivers The titanium alloy market was steady for the third consecutive week during the week to Wednesday August 11 amid reported buying interest for various grades.The European alloy market is facing a potential shortage of supply from Russia through the rest of the year after new Russian export duties were set from the...Read More
Base metals prices were mixed on the London Metal Exchange during morning trading on Wednesday August 11 and were largely consolidating following Tuesday's highs after the United States Senate passed a $550 billion infrastructure package."The passing of the US infrastructure bill bodes well for the base metals as the spending is focused on upgrading the US transport system. Some $550 billion will...Read More
A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) for the second quarter of 2020, according to its earnings report released on Tuesday August 10.In brief Total aluminium sales increased year on year during the second quarter amid a "consistent" recovery of Brazilian demand following the 2020 low caused by the Covid-19 pandemic, CBA said....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....Read More