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
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More
German industrial giant Siemens plans to build "one of Europe's largest energy storage facilities" at Wunsiedel in eastern Germany, it announced on Monday July 19.The Siemens facility will have power capacity of 100MW and energy storage capacity for 200MWh, and will store electricity generated locally from surplus renewable energy. It will also cover demand peaks on the power grid. The electricit...Read More
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide index, via an open consultation process between June 16 and July 13. This consultation was done as part of our published annual methodology review process.No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.This consultation sou...Read More
China's domestic rebar prices picked up slightly on Wednesday July 21 following major mills raising ex works prices.DomesticEastern China (Shanghai): 5,230-5,250 yuan ($808-811) per tonne, up by 10 yuan per tonneEastern China major rebar producer, Shagang, raised their ex works price by 250 yuan per tonne to 5,550 yuan...Read More
Prices for steel hollow sections in Europe remained flat on Wednesday July 21 following a summer slowdown in the market, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,656-1,691) per tonne on July 21, unchanged week on week."Prices are stable, the market is slowing down now for three to four weeks," a d...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...Read More
Iranian steel billet export prices continued to rise in the second half of July on improving demand from China, but availability is being constrained by a slowdown in steel production caused by electricity shortages, sources told Fastmarkets on Wednesday July 21.Extreme heat and drought conditions, combined with industrial growth and high energy-use cryptocurrency mining were cited as the reasons...Read More
China's domestic rebar prices picked up slightly on Wednesday July 21 following major mills raising ex works prices.DomesticEastern China (Shanghai): 5,230-5,250 yuan ($808-811) per tonne, up by 10 yuan per tonneEastern China major rebar producer, Shagang, raised their ex works price by 250 yuan per tonne to 5,550 yuan...Read More
Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More
Iron ore prices fell on Wednesday July 21 due to steel production cuts in some Chinese provinces for the second half of 2021, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $214.79 per tonne,down $6.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $216.17 per tonne,down $6.85 per tonne58% Fe fines high-grade premium, cfr Qingdao: $176.44 per tonne,down $5.83 per tonne65% Fe...Read More
The Turkish deep-sea scrap market reported no new trading activity on Wednesday July 21, because of the week-long Eid al-Adha public holiday.Turkish steel mils have not booked any new scrap material since July 13.The country is currently off work for the week-long religious holiday of...Read More
Prices in the United States for domestic and imported carbon steel wire rod rose by $40 per ton in July, nearing an all-time high for domestic product and a record for imports.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $55-57 per hundredweight ($1,100-1,140 per short ton) on Tuesday July 20, up by 3.70% from 53-55 per cwt on June 1...Read More
Belgian flat steel re-roller NLMK La Louviere has declared force majeure after a fire at its rolling mill, sources told Fastmarkets on Wednesday July 21.The fire at La Louviere's hot-rolling mill occurred on July 17. It was extinguished within about 30 minutes and there were no injures, according to a company spokesperson."The equipment installed during the [recent] modernization of the mill was n...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Declan...Read More
Base metals prices on the London Metal Exchange were broadly stable on Wednesday July 21, with minimal reaction to China's announcement to sell more state reserve metal during the day. The three-month zinc price closed 1.1% lower than the previous day at $2,929 per tonne, while the three-month aluminium price was down 0.5% to close at $2,453.5 per tonne from a day ago,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
Domestic prices for heavy steel plate in Italy declined slightly in the week to Wednesday July 21 due to lower slab costs and mills' needs to book more orders, sources told Fastmarkets.Competitive import offers have also contributed to the softening of domestic prices.Southern EuropeOfficial offers for plate from Italian re-rollers have been heard at ?,?980-1,000 ($1,155-1,178) per tonne ex-works....Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More