Copper smelters were still looking for May and June shipments this week, while traders were also actively acquiring copper concentrate in the tightly supplied market, sources told Fastmarkets on Friday April 9.Fastmarkets' copper concentrates treatment charge/ refining charge(TC/RC) index, cif Asia Pacific, dropped to low $20s/2 cents this week for the first time.Smelters in China have been b...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.High supply hits Turkish import market again US export prices rise in sales to Turkey Vietnamese import prices keep rising despite calmer steel markets Chinese buyers re-enter market for bulk cargoes at higher prices Taiwan import prices stabilize following recent rises In...Read More
The price for UK light iron scrap narrowed upward in the week to Friday April 9 as a result of the rising international market in key export destinations, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?145-155 ($199-213) per tonne on Friday, up by ?5 per tonne on the low end of the range from ?140-155 per t...Read More
Copper smelters were still looking for May and June shipments this week, while traders were also actively acquiring copper concentrate in the tightly supplied market, sources told Fastmarkets on Friday April 9.Fastmarkets' copper concentrates treatment charge/ refining charge(TC/RC) index, cif Asia Pacific, dropped to low $20s/2 cents this week for the first time.Smelters in China have been b...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Lithium prices across the globe have been moving up slowly over the week to Thursday April 8 while the market is keeping an eye on the potential impact of fresh new market restrictions in Chile, sources told Fastmarkets.The battery-grade lithium hydroxide price in the domestic Chinese market continued to edge higher, with some key suppliers claiming to have sold out prompt cargoes and expecting fu...Read More
The one-month border closure and tightened restrictions in Chile are not likely to impact the lithium operations in the country, two incumbent producer sources told Fastmarkets. "Thanks to the preventive measures we have taken, many of which were agreed upon by the communities near our Salar de Atacama Plant, we continue to operate normally at our sites in Chile with no impact to our production or...Read More
The South American flat-rolled steel import market strengthened during the week ended Friday April 9, with clients accepting what little material was available from China and other origins at higher prices."Customers on the South American Pacific coast seem to be increasingly anxious that they may not be able to receive firm offers for June shipment from Chinese mills [and] already started to acce...Read More
Hot-dipped galvanized and pre-painted galvanized iron, or color coated coil, prices in Turkey increased further in the week to Friday April 9, on continuing strong demand in both the domestic and export markets, sources told Fastmarkets.Demand is strong for HDG exports especially in Europe, sources said.Prices for hot-rolled coil - the base product for coated coil - have also been rising.Fastmarke...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
Brazil's domestic steel rebar price rose again in April following an average 15% increase announced by mills, market participants said.Fastmarkets assessed the price for steel reinforcing bar (rebar) domestic, monthly, delivered Brazil at 5,630-5,700 Reais ($1,006-1,019) per tonne on Friday April 9, up by 17.53% from 4,740-4,900 Reais per tonne a month earlier.New offers were mostly reported withi...Read More
The domestic steel rebar market in Poland was broadly stable during the week to Friday April 9, but sources expect prices to pick up by the end of the month on improving end-user demand, they told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland was unchanged week on week at 2,900-2,930 ($757-764) zloty per tonne on Friday.The assessment was...Read More
The price range for domestic steel wire rod in Poland widened upward during the week to Friday April 9, supported by good buying and expectations of further increases, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 3,050-3,150 zloty ($796-822) per tonne on Friday, widening upward by 50 zloty from 3,050-3,100 zloty...Read More
Brazilian iron ore pellet producer Samarco, a 50:50 joint venture between Vale and BHP, on Friday April 9 filed a petition for bankruptcy protection under a Brazilian court as a "last resort" to restructure its liabilities, both parent companies said.Samarco filed the petition in a commercial court in Brazil's southeastern Minas Gerais state. If the petition is accepted by the presiding judge, act...Read More
Major global steel scrap markets have started to level off in recent days following sharp increases in the preceding few weeks.High supply hits Turkish import market again US export prices rise in sales to Turkey Vietnamese import prices keep rising despite calmer steel markets Chinese buyers re-enter market for bulk cargoes at higher prices Taiwan import prices stabilize following recent rises In...Read More
Pig iron export prices from the south of Brazil increased due to new sales during the week to Friday April 9.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $520-525 per tonne on Friday, up by $10-20 from $500-515 per tonne the previous week.One sale...Read More
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 highs.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $850-870 per tonne on Friday April 9, up by 8.18% from $780-810 per tonne the previous week. Early in the week, compan...Read More
The price of steel billet sold to China increased again over the seven days to Friday April 9, stalling by the end of the week due to higher domestic billet supply to Tangshan, sources said. More sales of steel billet imported to China booked at the end of last week from Asean-origin sellers came to light during the start of this week. Cargoes from both Indonesia and Malaysia of 3sp blast furnace...Read More