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....Read More
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...Read More
Seaborne iron ore concentrate, and pellet prices continued to rise in the week ended Friday June 11 on gains in the futures market.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $62.80 per tonne, up $2 per tonne66% Fe concentrate, cfr Qingdao: $237.13 per tonne, up $5.12 per tonne65% Fe blast furnace pellet, cfr Qingdao: $297.69 per tonne, up $6.70 per tonne Key driversTh...Read More
Seaborne coking coal prices in the fob market rose on Monday June 14 amid firm buying interest for July-laycan cargoes from Australia and limited supply in the physical spot market, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $171.76 per tonne, up by $2.54 per tonnePremium hard coking coal, cfr Jingtang: $283.29 per tonne, unchangedHard coking coal, fob DBCT: $153.43...Read More
The European Commission (EC) will extend the existing safeguard measures on 26 steel products imported into the European Union by three years, market sources told Fastmarkets on Friday June 11.Quota volumes for all 26 steel products will increase by 3% year on year - lower than the 5% rise expected by market participants.The draft document of the adjusted measures was released to member states on...Read More
The price of ferro-titanium scrap in the United States has fallen for the first time since August 2020 following a push-back by ferro-titanium manufacturers who are facing weaker US prices for their products, some market sources said.Just over a month ago, scrap prices were reportedly rising by 5-10% week on week amid an extreme shortage related to a decline in aircraft building during the Covid-1...Read More
The European Commission plans to start an anti-dumping investigation into hot-dipped galvanizing coil from Turkey and Russia, market sources told Fastmarkets on Friday June 11. Multiple market participants said that European steel association Eurofer has lodged a complaint and that the executive arm of the European Union is likely to announce the start of the case soon. Eurofer declined to comment...Read More
Weakness was evident across the base metals in London and Shanghai on the morning of Tuesday June 15 despite pre-market Western equity index futures driving higher and high volumes traded on the London Metal Exchange.* 14,205 lots had been traded on the LME by 5.52am London time compared with typical volume of 6,000 lots at this time* Markets seem to be nervous about the measures China’s auth...Read More
There was little liquidity in the iron ore market on Monday June 14 due to Chinese market participants being away for the Dragonboat Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $220.77 per tonne, up $1.51 per tonne 62% Fe low-alumina fines, cfr Qingdao: $221.62 per tonne, up $0.37 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $195.22 per tonne, up $2.44 per tonne 65...Read More
Turkish steel mills had a quiet start to the week on Monday June 14, with no new cargo bookings heard due to uncertainty in the finished steel markets, market participants said.On Friday, another cargo was heard booked following the closure of the indices, according to sources.A steel mill in the Iskenderun region booked a Canadian cargo comprising 17,500 tonnes of heavy melting scrap 1&2 (95:5) a...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More
There was little liquidity in the iron ore market on Monday June 14 due to Chinese market participants being away for the Dragonboat Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $220.77 per tonne, up $1.51 per tonne 62% Fe low-alumina fines, cfr Qingdao: $221.62 per tonne, up $0.37 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $195.22 per tonne, up $2.44 per tonne 65...Read More
Futures prices on the London Metal Exchange were mixed at the close on Monday June 14, with a quiet day of trading for such metals as copper due to the Dragon Boat Festival holiday observed in China. Nickel logged the biggest price gain on Monday, with the three-month contract rising by 1.39% to $18,480 per tonne from Friday's closing price of $18,227 per tonne and by 3.29% from the...Read More
With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
(Corrects paragraph 3 to show Ganfeng has a project in Mexico,not Canada) * Goulamina stake firm's first foray into Africa * Mali government has right to take 10% for free * Firefinch says mine has high-quality lithium asset By Tom Daly June 14 (Reuters) - Ganfeng Lithium Co , one of the world's biggest lithium producers, said onMonday it would pay $130 million for a stake in the Goulaminahard-roc...Read More
Here are five Fastmarkets stories you might have missed on Friday June 11 that are worth another look.The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of...Read More
Here are five Fastmarkets stories you might have missed on Friday June 11 that are worth another look.The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of...Read More
Here are five Fastmarkets stories you might have missed on Friday June 11 that are worth another look.The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of...Read More
Here are five Fastmarkets stories you might have missed on Friday June 11 that are worth another look.The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of...Read More