Turkish domestic auto bundle scrap prices have increased slightly over the past week, but ship scrap prices were fairly stable, market sources said on Monday April 12.In response to the upturn in imported scrap values over the past week, a number of steel mills have raised their buy prices for domestic auto bundle scrap.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix),...Read More
Seaborne Iron ore prices moved up on Monday April 12 amid steelmakers reporting healthy steel margins, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.57 per tonne, up $1.03 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.85 per tonne, up $0.84 per tonne58% Fe fines high-grade premium, cfr Qingdao: $156.34 per tonne, up $1.87 per tonne65% Fe Brazil-origin...Read More
The premium hard coking coal price increased in the cfr market on Monday April 12 due to necessary replenishment demand from some large-sized Chinese steel mills, while the fob price inched downslightly amid weak buying activity, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.86 per tonne, down by $0.85 per tonnePremium hard coking coal, cfr Jingtang: $...Read More
Prices for seaborne iron ore concentrate and pellet strengthened further in the week ended Friday April 9 due to solid demand for high-grade products amid measures to control emissions in China, sources told Fastmarkets.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $228.98 per tonne, up $7.14 per tonne.66% Fe concentrate, cfr Qingdao: $200.06 per tonne, up $2.16 per tonne.K...Read More
Australia's Port of Port Hedland shipped 24.5% more iron ore in March than a month earlier, according to data from the Pilbara Ports Authority (PPA) released on Monday April 12.The port exported 46.7 million tonnes of iron ore last month, compared with 37.5 million tonnes in February.Volumes shipped in March were largely flat with that shipped in the...Read More
Luo Tiejun, the vice president of the China Iron & Steel Association (Cisa) said the country will take measures to push down steel production in 2021 and raise imports.Luo, who spoke at the Regional Comprehensive Economic Partnership's (RCEP's) Steel Development Forum on Friday April 9, emphasized five major points, according to a report on Cisa's website.Lower crude steel outputCisa is of the opi...Read More
China's hot-rolled coil prices tumbled on Monday April 12 amid a government call for stable commodity prices, but exporters raised their offers after a rise in trading activity last week.DomesticEastern China (Shanghai): 5,350-5,390 yuan ($817-823) per tonne, down 100-110 yuan per tonneSellers in the spot market had to lower their offers after sentiment was dampened by slumping futures.Several dom...Read More
Key data from the pricing session in London on Friday April 9. Key drivers Buyers have started to resist numbers above $3,100 per tonne while shipment offers from China kept falling and end-user demand has started to slow.Still, tight prompt availability in Europe and continuing shipping delays from China are supporting prices above...Read More
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
The pace of decline in the Chinese cobalt sulfate market eased on Friday April 9 after aggressive offers for scrap-fed material started to disappear. Lower offers for cobalt sulfate produced from scrap has put downward pressure on the whole market since the second half of March. They prompted most sellers to continue lowering offers for sulfate produced from hydroxide (regular-fed material) t...Read More
Chinese battery maker Contemporary Amperex Technology's (CATL) indirectly controlled subsidiary Ningbo Brunp Times New Energy will acquire a 25% share of China Molybdenum Co's (CMOC) KFM Holding Ltd to develop Kisanfu copper-cobalt project together, CATL said on Sunday April 11. CMOC Ltd, a wholly-owned subsidiary of CMOC, signed a strategic co-operation agreement with Ningbo Brunp Times New Energ...Read More
Seaborne low and high-grade manganese ore prices continued to fall in the week to Friday April 9 while market activity was light and sentiment continued to drop concurrent with pricing expectations among participants from both sell and buy sides failing to approach portside prices levels.Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was calculated at $4.49 per dmtu on Friday April 9, down...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.* China’s trade data showed imports and exports grew, highlighting broad-based economic recovery* Markets waiting for the release of United States consumer prices today and to see how tha...Read More
Nvidia (NVDA), a NASDAQ 100 stock moved above $614.69 to an all-time high extending an intermediate uptrend.Oil and Gas Exploration SPDRs (XOP) moved below $76.09 setting an intermediate downtrend.CooncoPhillip (COP), an S&P 100 stock moved below $50.53 setting an intermediate downtrend.Oil Services ETF (OIH) moved below $179.54 setting an intermediate downtrend.Schlumberger (SLB), an S&P...Read More
Here are five Fastmarkets stories you might have missed on Friday April 9 that are worth another look.Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record...Read More
Here are five Fastmarkets stories you might have missed on Friday April 9 that are worth another look.Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record...Read More
Here are five Fastmarkets stories you might have missed on Friday April 9 that are worth another look.Export prices for Brazil-origin slab have increased amid high offers to the United States, where demand for the semi-finished steel is strong and flat steel prices are near record...Read More
Automotive manufacturer Volvo Group and Swedish steelmaker SSAB have signed a collaboration agreement for the research, development, serial production and commercialization of the world's first vehicles to be made of fossil-free steel, the companies said on Thursday April 8. Volvo plans to start the production of concept vehicles and components produced from steel made by SSAB using hydrogen this...Read More
Hybrit, the joint venture involving Swedish steelmaker SSAB, iron-ore producer LKAB and power company Vattenfall, will build a hydrogen storage facility as part of its plans for fossil-free steel production, it announced on Wednesday April 7. Hybrit will build a rock cavern storage facility for fossil-free hydrogen gas next to its pilot facility for direct reduction in Lule??, Sweden.The inve...Read More