The Cobalt standard grade, in-whs Rotterdam, $/lb 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.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at...Read More
News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China's spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April."With continuing energy controls in Inner Mongolia in June, our production has been increasingly disrupted due to tightened power restrictions," Jietie Ferroalloy sa...Read More
Turkish steel producers continued their deep-sea scrap purchases, but at a slow pace dictated by limited long steel demand, market sources told Fastmarkets on Wednesday June 30.A steel mill in the Marmara region booked a US cargo, comprising HMS 1&2 (80:20) at $501 per tonne, along with shredded and bonus scrap at $521 per tonne cfr late on Tuesday June 29, the seller told Fastmarkets.But some mar...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 30 that are worth another look.BHP announced in 2018 that the depletion of its 80-million-tonnes-per-year Yandi mine in its Western Australia iron ore operations would begin from the second half of 2021. Fastmarkets explores how the low-grade fines landscape...Read More
With the Chinese government setting 2030 as the target for China's carbon emissions to peak and 2060 for it to achieve carbon neutrality, the country's steel sector will have to change the way it does business.Fastmarkets speaks to market participants for their views on what these changes might be, and what challenges lie ahead.1. Reduce hot metal productionReducing hot metal output - such as via...Read More
Prices for steel hollow sections in Europe remained flat on Wednesday June 30, with mills continuing to struggle to obtain feedstock material, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,370-1,420 ($1,631-1,690) per tonne on June 30, unchanged week on week.Hot rolled coil, the feedstock for hollow sections,...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look....Read More
Domestic prices for hot-rolled coil in Europe remained stable on Tuesday June 29 with trading activity still limited, sources told Fastmarkets.Buyers have been more cautious about making new deals because they have sufficient stocks for the next few months and delivery times from the EU mills for HRC are reaching late 2021. For downstream coil, several producers said they were now sold out for the...Read More
The steel rebar and billet import market in the United Arab Emirates was slow after the country's biggest steel producer announced reduced rebar prices, sources told Fastmarkets on Tuesday June 29.Emirates Steel, the biggest producer in the UAE, decreased its rebar price by 55 dirhams ($14.97) per tonne to 3,012 dirhams per tonne ex-works in effect from June 27.The new rebar price did not improve...Read More
Domestic prices for hot-rolled coil in Europe remained stable on Tuesday June 29 with trading activity still limited, sources told Fastmarkets.Buyers have been more cautious about making new deals because they have sufficient stocks for the next few months and delivery times from the EU mills for HRC are reaching late 2021. For downstream coil, several producers said they were now sold out for the...Read More
The seaborne premium hard coking coal price stayed large stable in the cfr market because most market participants adopted a wait-and-see attitude on Tuesday June 29, market sources said, while the price of premium hard coking coal fob DBCT inched higher on buying interest.Fastmarkets indicesPremium hard coking coal, fob DBCT: $184.92 per tonne, up $1.10 per tonnePremium hard coking coal, cfr Jing...Read More
All prices on the London Metal Exchange except for copper finished the day on June 29 at higher prices than Monday, with lead showing the biggest gains and setting a new year-to-date high, and aluminium up by 2.5%.Copper was the only price to close lower on Tuesday, falling 0.6% to $9,334.50 per tonne from Monday's $9,388 per tonne. The three-month price of lead rose by 3.2% to $2,305 per ton...Read More
Ferrous scrap prices in Mexico's steelmaking regions of Monterrey and Baj?-o were mostly stable week on week while demand remained high, according to several sources.Few changes were reported during the past week, with prices appearing to stabilize at currently high levels. There were reports of some buyers adjusting their prices upward for some grades in the region near the northeastern Monterrey...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look....Read More
The European ferro-titanium and titanium scrap markets may be set to push higher in the coming months after news that Russia will impose an export tax on ferro-alloys between August 1 and December 31 this year, according to industry sources.Europe imported around 1,500 tonnes of ferro-titanium per month on average from Russia in the past three years, including Scandinavia and Turkey, with 1,700-1,...Read More
Flat steel prices for imports into the United Arab Emirates and Saudi Arabia decreased during the week ended Tuesday June 29, but demand was better because of low stock levels, Fastmarkets was told.Some market participants expected flat steel prices to increase because of Russia's recently proposed export duty.Russia will impose a base 15% export duty on 340 metal products, including hot-rolled co...Read More
Prices for steel billet exports from the Commonwealth of Independent States softened early in the week started Monday June 28 due to a lack of support from buyers.Russian suppliers mostly continued to stay away from the market, with no fresh offers placed yet following news last Friday of the planned introduction of an export duty on steel products from August 1.The duty's base rate will be 15%, w...Read More
Iron ore prices fell amid Chinese emissions restrictions and depressed market sentiment on Tuesday June 29, with the ongoing rainy season in southern China also dampening demand, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $212.33 per tonne, down $6.29 per tonne62% Fe low-alumina fines, cfr Qingdao: $214.94 per tonne, down $5.83 per tonne58% Fe fines high-grade...Read More
Export prices for steel rebar and wire rod from the Commonwealth of Independent States softened in the week ended Tuesday June 29 with the market under pressure from the introduction of a duty on steel product exports from Russia, as well as the extension of safeguard duties in Europe."The introduction of an export duty in Russia is an unprecedented event, and it will now take time to understand w...Read More
Tin demand is likely to exceed 400,000 tonnes per year by 2025, while supplies from greenfield projects and recycled material are not expected to keep pace, leading to a deficit over the next decade, according to the International Tin Association (ITA).At an ITA seminar on Tuesday June 29, delegates heard that tin demand for 2020 was calculated at 355,200 tonnes, with more than 50% being used for...Read More