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...Read More
Precious metals mining company Sibanye-Stillwater is going to buy the Sandouville nickel hydrometallurgical processing facility from French mining group Eramet SA in a move to build on its strategy to diversify into the battery metals supply chain, the company said.The current Sandouville facilities, located in Normandy, France, include a hydrometallurgical nickel refinery with a capacity of 12,00...Read More
The global manganese ore and alloy price and their recent price movesIndiaThe market was stable after declining for three weeks, with demand in Europe drying up due to the holiday season and soaring freight costs. Sentiment remained bearish this week with traders reporting prices may fall further once consumers return to the market.EuropeThe European silico-manganese market...Read More
A change in China's tax rebates for several steel products brought trade to a halt in the South American coil import market, while prices continued to rise.China's announcement of a cut in existing tax rebates on several steel products brought an already slow import market to a stop.The cut in rebates will affect flat steel products classified under Harmonized System codes 7209, 7210, 7225, 7226,...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Domestic prices for rebar in Poland were stable in week to Friday July 30 amid the seasonal slowdown, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was 4,000-4,150 zloty ($1,036-1,075) per tonne on Friday, unchanged week on...Read More
Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.Turkey import buy prices drop amid poor long steel salesRising scrap availability on US East Coast depresses export pricesVietnam remains out of import scrap market am...Read More
Key data from Fastmarkets' pricing session in China on Thursday July 29.Key drivers: The vanadium pentoxide price fell following the previous rally due to weakened crude steel manufacturing demand caused...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
The Vietnamese steel market remained in a state of shutdown during the week ended Friday July 30 due to a worsening of the Covid-19 pandemic situation in the country, which limited interest in imported scrap, sources told Fastmarkets.Offers for bulk Japanese H2-grade material were heard at $485 per tonne cfr Vietnam, although there was a bid at $480 per tonne cfr Vietnam by a southern Vietnamese s...Read More
Weaker demand for imported containerized ferrous scrap in Taiwan as a result of lower operating rates among electric-arc furnace operators and surging Covid-19 cases in many parts of Asia dampened spot prices in the week to Friday July 30.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap 1&2 (80:20), United States material import, cfr main port Taiwan was $440...Read More
The light iron scrap market in the UK was unchanged on Friday July 30, but a change in direction was likely due to a recent drop on the export markets, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?180-195 ($251-272) per tonne on Friday, unchanged at a multi-year high.Market participants expecte...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies,...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 29 that are worth another look.Industrial group Thyssenkrupp has agreed the sale of its mining business to Danish engineering company FLSmidth, the German company said on July 29.Former schoolteacher and union leader Pedro Castillo...Read More
The London Metal Exchange's base metals prices were robust at the close of trading on Thursday July 29, supported in part by a US Dollar Index that reached its lowest since June 29 and fundamental factors affecting the metals themselves.The dollar index bottomed at 91.87 on Thursday, having reached a year-to-date high of 93.19 on June 21, following the US Federal Reserve bank's renewed dovish stat...Read More
Chinese importers have been buying double the copper scrap from overseas under the category of 'recyclable copper material', yet its growth in secondary copper production is relatively modest. The country's import volume of copper scrap (HS code: 7404) almost doubled in the first half of 2021 to 821,376 tonnes. It is up 90.8% year on year from a base number affected by outbreak of Covid-19 in 2020...Read More
A multi-country trade case involving silicon metal imported to the United States concluded on Wednesday July 28, when the US International Trade Commission (ITC) decided to apply the recommended 12.27% anti-dumping duty on Malaysian silicon imports."The United States International Trade Commission today determined that a US industry is materially injured by reason of imports of silicon metal from...Read More
Fastmarkets has modified the name of one of its Japan steel scrap export prices to reflect the product's usage in the market.Heavy scrap (HS) is a grade of obsolete scrap traded widely in the Japan and South Korea market, used for material of equivalent quality to plate and structural (P&S).Fastmarkets' price assessment for Japan export HS had previously been named steel scrap, plate and structura...Read More
Bangladeshi steelmakers have dipped into the market for small tonnages of containerized heavy melting scrap at slightly lower prices over the past week, market participants told Fastmarkets on Thursday July 29.Overall steel scrap demand remained low, with the country still in a strict Covid-19 lockdown and facing production restrictions, but a small number of deals were heard closed...Read More
Lundin Mining's copper production was down during the first half of the year because planned lower grades at its Chapada mine reduced its output.The company's profit in the first half was up by 160% at $835.2 million, boosted by higher gold, copper and zinc prices.In brief: At 120,811 tonnes, copper production was down...Read More