Here are five Fastmarkets stories you might have missed on Monday July 26 that are worth another look.China's drive to achieve peak carbon by 2030 and carbon neutrality by 2060 will likely mean a higher steel industry concentration ratio in time, sources told Fastmarkets.Norway-based aluminium and renewable...Read More
ArcelorMittal is to enter a partnership with Sekisui Chemical on a carbon capture project, and invest in a renewable energy storage company as part of its XCarb innovation fund, the steelmaker has announced.The project will be intended to capture and re-use carbon waste gases from the steelmaking process, contributing to the decarbonization of steelmaking and reducing dependence on fossil resource...Read More
Copper's three-month price on the London Metal Exchange rose to $9,809.50 per tonne at the close of trading on Monday July 26, an increase which led most other prices in the complex higher as well.The red metal closed near its intraday high of $9,826.50 per tonne, the highest for copper since June 15. Intense buying took its volumes on Monday to 24,000 lots traded by 5pm, also the highest since th...Read More
Here are five Fastmarkets stories you might have missed on Monday July 26 that are worth another look.China's drive to achieve peak carbon by 2030 and carbon neutrality by 2060 will likely mean a higher steel industry concentration ratio in time, sources told Fastmarkets.Norway-based aluminium and renewable...Read More
Here are five Fastmarkets stories you might have missed on Monday July 26 that are worth another look.China's drive to achieve peak carbon by 2030 and carbon neutrality by 2060 will likely mean a higher steel industry concentration ratio in time, sources told Fastmarkets.Norway-based aluminium and renewable...Read More
Domestic prices for hot-rolled coil were fairly stable in Europe over the week ended Friday July 23 due to a seasonal demand slowdown and limited availability.Firm offers were still scarce in the Northern European HRC market. Mills in the region had good order books and could only offer fourth-quarter production HRC, with some of them claiming to be sold out until the year-end.The already short su...Read More
CIS slab exporters remained quiet this week, waiting for the return of Turkish customers from a week-long religious holiday, sources told Fastmarkets."I think sales will wait to see the reaction of Turkish market and prices this week," a Russian producer source said."[Ukraine's] Metinvest is looking for bids but not really offering a price," a trader said.Another trading source said that offers he...Read More
Copper's three-month price on the London Metal Exchange rose to $9,809.50 per tonne at the close of trading on Monday July 26, an increase which led most other prices in the complex higher as well.The red metal closed near its intraday high of $9,826.50 per tonne, the highest for copper since June 15. Intense buying took its volumes on Monday to 24,000 lots traded by 5pm, also the highest since th...Read More
Base metals prices on the Shanghai Futures Exchange were up by an average of 1.1% this morning, Monday July 26, while they followed Friday's gains on the London Metal Exchange that averaged 1.3%. Chinese equities under pressure after authorities tighten regulationsPre-market western equity index futures showing a weaker startBase metalsLME three-month base metals prices were mainly weaker this mor...Read More
A summary of China's battery raw materials exports for June 2021.In brief Exports of cobalt tetroxide increased both month on month and year on year in June amid rising buying appetite from South Korea, the Netherlands and Belgium.Lithium carbonate exports fell slightly on a monthly...Read More
China's leading stainless steel producer, Tsingshan Group, has set its tender price for August-delivery ferro-chrome at 10,795 yuan ($1,665) per tonne, the company announced on Monday July 26. This is its highest tender price since September 2008.The tender price is also 2,400 yuan per tonne (29%) than what the eastern Chinese mill had sought for July-delivery material.Supply interruptions Market...Read More
Iron ore prices edged up on Monday July 26 due to higher steel prices, while news of production cuts in China affected the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $202.74 per tonne, up by $1.41 per tonne62% Fe low-alumina fines, cfr Qingdao: $203.93 per tonne, up by $1.07 per tonne58% Fe fines high-grade premium, cfr Qingdao: $167.65 per tonne, up b...Read More
Copper's three-month price on the London Metal Exchange rose to $9,809.50 per tonne at the close of trading on Monday July 26, an increase which led most other prices in the complex higher as well.The red metal closed near its intraday high of $9,826.50 per tonne, the highest for copper since June 15. Intense buying took its volumes on Monday to 24,000 lots traded by 5pm, also the highest since th...Read More
China's drive to achieve peak carbon by 2030 and carbon neutrality by 2060 will likely mean a higher steel industry concentration ratio in time, sources told Fastmarkets.This means that the share of total crude steel production by major steel producers will increase, leading to low-carbon steel production via unified research, development efforts for low-carbon technology and improved production e...Read More
(Updates with prices) LONDON, July 26 (Reuters) - Copper prices rose on Monday asfloods in top consumer China sparked demand hopes at a time wheninventories were falling, while a softer dollar also supportedprices. Benchmark copper on the London Metal Exchange was up3.2% at $9,820 per tonne by 1700 GMT, after touching its highestsince June 15 at $9,819.50, in its fifth straight session ofgains. Fl...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More