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 assessed Cobalt alloy grade, in-whs...Read More
The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...Read More
China's domestic rebar prices retreated on Tuesday June 15 amid lower transaction volumes as a result of a mixed outlook for supply and demand.DomesticEastern China (Shanghai): 5,050-5,080 yuan ($789-793) per tonne, down by 20 yuan per tonneSome market participants expect an iron ore mine accident in Shanxi last week to lead to a nationwide inspection to ensure industrial safety, including for ste...Read More
Base metals prices were all in decline during morning trading on Monday June 15, with copper experiencing the most significant fall after the Chinese markets reopened and futures prices were sold.LME copper's three-month price fell to an intraday low of $9,623.50 per tonne, the lowest since April 27 and a 3.5% decrease from $9,971.50 per tonne at Monday's close. As of 9am, LME three...Read More
The seaborne premium hard coking coal price was flat in the cfr market amid weak buying activity but inched up in the fob market with firm demand on Tuesday June 15, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $172.27.30 per tonne, up $0.51 per tonnePremium hard coking coal, cfr Jingtang: $283.29 per tonne, flatHard coking coal, fob DBCT: $153.43 per tonne, flatHard coking...Read More
Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More
Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More
Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More
Ferrous scrap prices in Mexico continued to rise across nearly all grades in the week ended Friday June 11, with most consumers struggling to secure volumes.Both the obsolete and prime grades are in heavy demanded, with the market outlook for most steel products positive.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,200 pesos ($566)...Read More
Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.Ukraine still has a significant quota volume available for second-quarterimports into Europe (27.52% or 69,502 tonnes remaining), and one supplier from the country offered material at $860-870 per tonne fob Bl...Read More
Alongside Fastmarkets' annual global ranking of steelmakers by crude steel output in 2020, our correspondents around the world review developments in their regional steel sectors.The year 2020 will forever be remembered as the one in which the Covid-19 pandemic spread globally, impacting every area of life and business. The world's steel industry was no exception, with many of the largest steelmak...Read More
Turkish steel mills have booked two new deep-sea cargoes at prices that continue the recent downward trend, sources told Fastmarkets on Tuesday June 15.Two US cargoes were heard on Tuesday, and were heard to be of similar composition.A mill in the Marmara region bought the two US cargoes, consisting of unknown tonnages of HMS 1&2 (80:20) at $500 and $501 per tonne, plus shredded and bonus material...Read More
Tight steel scrap supply in the UK, due to reduced car production and demolition projects, in addition to strong demand for feedstock from steelmakers, has pushed up domestic scrap prices in June for the second month in a row, sources said on Tuesday June 15.Scrap supplies in the UK and across Europe have been further tightened by steady export demand into traditional destinations such as Turkey a...Read More
Export wire rod prices from the Commonwealth of Independent States changed in a variety of ways in the week to Monday June 14 with the trading situation being different from market to market.Ukraine still has a significant quota volume available for second-quarterimports into Europe (27.52% or 69,502 tonnes remaining), and one supplier from the country offered material at $860-870 per tonne fob Bl...Read More
The United Kingdom and Australia secured a free trade deal on Tuesday June 15, which marks the first agreement negotiated from scratch since Britain's departure from the European Union.The UK government has hailed the agreement as an important step in building new trade relationships post Brexit. Previous deals reached with other nations such as Japan and Norway were built upon existing arrangemen...Read More
Alongside Fastmarkets' annual global ranking of steelmakers by crude steel output in 2020, our correspondents around the world review developments in their regional steel sectors.The year 2020 will forever be remembered as the one in which the Covid-19 pandemic spread globally, impacting every area of life and business. The world's steel industry was no exception, with many of the largest steelmak...Read More
The government of Pakistan has suggested the reduction or removal of custom duty, additional customs duty and regulatory duty on imports of hot-rolled coil and hot-rolled stainless steel in the country's budget for 2021-22, announced on Friday June 11.The proposal came under the heading of industrial relief measures. The details have yet to be announced, sources told Fastmarkets.The Pakistan parli...Read More
Most prices for flat steel imported into the United Arab Emirates and Saudi Arabia increased during the week ended Tuesday June 15, with several deals heard, sources have told Fastmarkets.Demand was moderate in the region for flat steel products but the new deals were expected because most users have low stock levels, the sources added.Saudi ArabiaHot-rolled coil was offered at $1,000 per tonne cf...Read More
Here are five Fastmarkets stories on Tuesday June 15 that are worth another look.With responsibilities across Tata Steel's diverse international portfolio of steelmaking assets, chief executive officer and managing director T V Narendran has a wide-ranging view of, and experience in, the global steel industry. He told Kunal...Read More
Seaborne iron ore prices mostly edged upward on Tuesday June 15 despite limited liquidity and the downtrend in the financial markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $221.87 per tonne, up by $1.10 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.09 per tonne, up by $1.47 per tonne58% Fe fines high-grade premium, cfr Qingdao: $194.60 per tonne, down by $0.62 per tonne65% F...Read More