Domestic prices for steel rebar in Russia's Central Federal District around Moscow were largely flat in the week to Monday February 8, with buyers expecting prices to fall due to slow demand and declining exports, several sources told Fastmarkets.Buying activity in the region's rebar market was quiet over the assessment week.Construction activity in Russia, the main market for rebar, typically slo...Read More
Iron ore prices went up on Monday February 8, with growing steel mill interest in mid-grade fines at ports, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $160.50 per tonne, up $3.49 per tonne62% Fe low-alumina fines, cfr Qingdao: $160.80 per tonne, up $3.27 per tonne58% Fe fines high-grade premium, cfr Qingdao: $146.45 per tonne, up $2.16 per tonn...Read More
Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More
The CIS export market for steel slab remained quiet in the week to Monday February 8 with no major bookings heard.No offers were heard in the market because mills preferred to invite bids from customers, but such bids were rare because the market lacked clarity."There are no offers because everybody is waiting for the Chinese New Year holiday to end," one trader said, adding that he expected price...Read More
Polish ferro-silicon producer Huta Laziska is producing standard grade ferro-silicon (Si 75%) at close to full capacity, extending its rate of output from late last year, amid a rally in European prices that started in August, an industry source has told Fastmarkets. Huta Laziska has an annual production capacity of close to 80,000-90,000 tonnes per year of the grade, and made only minor adjustmen...Read More
Seaborne low-grade manganese ore prices dropped for the second consecutive week on Friday February 5 on weakening demand and high Chinese port stocks, which outweighed logistical disruptions. Fastmarkets' manganese ore index 37% Mn, cif Tianjin dropped 6 cents week on week to $4.62 per dry metric tonne unit (dmtu) on February 5. Fastmarkets' manganese ore 44% Mn, cif Tianjin edged up 2 c...Read More
Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More
Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More
Spot hot-rolled coil prices in the United States remained stable to begin the week. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $59.24 per hundredweight ($1,184.80 per short ton) on Monday February 8, up by a penny from $59.23 per cwt on Friday February 5 and an increase of 4.7% from $56.56 per cwt one week earlier. Inputs were received across all three sub-i...Read More
Domestic prices for steel hot-rolled coil across Europe stabilized at a high level in the week ended Friday February 5, supported by good order books at domestic producers and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?710.00 ($855.36) per tonne on Friday, down by ?,?2.50 per tonne week on week, but up by ?,?43.75 per tonne month...Read More
The CIS export market for steel slab remained quiet in the week to Monday February 8 with no major bookings heard.No offers were heard in the market because mills preferred to invite bids from customers, but such bids were rare because the market lacked clarity."There are no offers because everybody is waiting for the Chinese New Year holiday to end," one trader said, adding that he expected price...Read More
Here are five Fastmarkets stories you might have missed on Monday February 8 that are worth another look.European steel association Eurofer is concerned that the EU's Carbon Border Adjustment Mechanism (CBAM) will result in a substantial rise in the costs of steel production, it said on Friday February 5.China's...Read More
The London Metal Exchange copper price closed above the $8,000 per tonne mark for the first time in nearly two weeks on Monday February 8, with the majority of the other base metals prices also increasing on account of a falling dollar index. Copper's price closed at $8,037 per tonne on Monday, a 1.6% rise from its price on Friday at 5pm of $7,912.50 per tonne and its first time closing above $8,0...Read More
Iron ore prices went up on Monday February 8, with growing steel mill interest in mid-grade fines at ports, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $160.50 per tonne, up $3.49 per tonne62% Fe low-alumina fines, cfr Qingdao: $160.80 per tonne, up $3.27 per tonne58% Fe fines high-grade premium, cfr Qingdao: $146.45 per tonne, up $2.16 per tonn...Read More
The seaborne fob coking coal market trended down on Monday February 8 amid weakened market sentiment and limited trading activity, sources said. Fastmarkets indices Premium hard coking coal, fob DBCT: $154.04 per tonne, down $2.49 per tonne Premium hard coking coal, cfr Jingtang: $217.23 per tonne, unchanged Hard coking coal, fob DBCT: $133.57 per tonne, down $1.63 per tonne Hard coking coal, cfr...Read More
The London Metal Exchange copper price closed above the $8,000 per tonne mark for the first time in nearly two weeks on Monday February 8, with the majority of the other base metals prices also increasing on account of a falling dollar index. Copper's price closed at $8,037 per tonne on Monday, a 1.6% rise from its price on Friday at 5pm of $7,912.50 per tonne and its first time closing above $8,0...Read More
Domestic prices for steel rebar in Russia's Central Federal District around Moscow were largely flat in the week to Monday February 8, with buyers expecting prices to fall due to slow demand and declining exports, several sources told Fastmarkets.Buying activity in the region's rebar market was quiet over the assessment week.Construction activity in Russia, the main market for rebar, typically slo...Read More
Sir Mick Davis, former chief executive officer of Xstrata plc, has launched an investment company focused on battery minerals and has made its first strategic financing move in a graphite mine in Madagascar.The new company is called Vision Blue Resources. It has said that it intends to capitalize on the structural change in battery mineral demand now under way globally, by acquiring a portfolio of...Read More
The spot premium for copper rod has moved for the first time in eight months, boosted by improving demand for the commodity in the United States.Although copper rod is mostly traded on long-term contracts, spot demand for rods has been growing recently.Fastmarkets assessed the copper rod premium, ddp Midwest US at 17-18 cents per lb on Thursday February 4, rising from the previous range of 16-17 c...Read More
Peru reported a year-on-year decrease in copper production for the second month in a row in December, while zinc output continued to recover, according to the latest data from the country's Ministry of Energy & Mines (Minem).The country produced 221,980 tonnes of copper equivalent the last month of 2020, down 1.6% from the 225,496 tonnes produced in December 2019. Production had fallen 2.4% y...Read More