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 22.00-22.95 on Monday June...Read More
The biggest steel producer in the United Arab Emirates, Emirates Steel, decreased its rebar price by 55 dirhams ($14.97) per tonne with effect from Sunday June 27. The company is offering rebar at 3,012 dirhams per tonne ex-works, down from 3,067 dirhams per tonne ex-works. This is the first rebar price...Read More
Seaborne iron ore concentrate and pellet prices fell in the week ended Friday June 25 due to a weaker demand outlook for steel, sources said. Fastmarkets iron ore indices Pellet premium over 65% Fe fines, cfr China: $62 per tonne, down $0.40 66% Fe concentrate, cfr Qingdao: $241.32 per tonne, down $1.31 65% Fe blast furnace pellet, cfr Qingdao: $300.81 per tonne, down $4.11 Key drivers Sentiment w...Read More
Key data from the Friday June 25 pricing session in China.Key drivers China's cobalt metal market rose further due to strengthening Chinese futures amid bullish sentiment following continuous increases experienced by global benchmark metal prices. Most sellers held back from selling in anticipation of higher prices in July. Some cobalt tetroxide suppliers kept their offers steady...Read More
Domestic prices for hot-rolled coil were rangebound on Monday June 28 after buyers held back from trading, sources told Fastmarkets. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,189.20 ($1,419.30) per tonne on Monday, down by just ?,?1.94 from ?,?1,191.14 per tonne on Friday. The index was, however, up by ?,?18.20 per tonne week on week a...Read More
Turkish steel producers made no deep-sea scrap bookings on the first day of the working week, but are expected to return to the market for August cargoes soon, market sources said on Monday June 28.The most recent deal was done on Thursday June 24, when a steel mill in the Izmir region booked a United States cargo at $499 per tonne cfr on heavy melting scrap 1&2 (80:20) basis and $519 per tonne cf...Read More
Flat steel market in Russia's Central Federal District in Moscow was broadly flat in the week to Monday June 28 with most producers preferred to roll over their price into July amid softer trading activity while buyers assessed the impact of recently introduced export duties on the domestic market. Russia on June 25 approved export duties on 340 metal products, including hot-rolled steel, effectiv...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More
The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were weaker across the board this morning, Tuesday June 29, with the spread of Covid-19 Delta variant a worrisome development. While lockdowns can hit demand, there is also risk to supply from mine closures or further logistical delays.Base metalsLME three-month base metals prices were down across the board...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points in pre-opening trade. General Motors added $0.05 to $60.35 after Honda announced plans to manufacture its first two fully electric vehicles in North America on General Motor's platform.Boeing (BA $248.38) is expected to open lower after the FAA raised safety concerns over the new Boeing 777x aircraft. Certifica...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed.The spread of the Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa is causing concern about a 4th wave.Base metalsLME three-month base metals prices, with the exception of tin that was untraded, were down acro...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More