Key data from Fastmarkets' ferro-silicon pricing sessions in China, Europe and the United States on Friday November 12.China?EUR?The ferro-silicon price in China continued its downward trend this week, followed by weak futures, thin deal numbers and inquiries, and the decreasing price of semi-coke, a key raw material in ferro-silicon production.?EUR?Weak market sentiment clouded the ferro silicon...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...Read More
The Turkish steel mills have ended the working week with only three deep-sea cargoes amid limited finished long steel demand in the export markets, sources told Fastmarkets on Friday November 12.A steel mill in the Izmir region booked a United States cargo late on Thursday November 11 consisting of 14,000 tonnes of HMS 1&2 (80:20) at $500 per tonne and 30,000 tonnes of shredded at $520 per tonne c...Read More
Sellers in China's domestic rebar market on Friday November 12 attempted to build on the momentum of a day earlier by raising their offers, but losses in the futures market due to falling coal prices capped the increases.Domestic Eastern China (Shanghai): 4,800-4,830 yuan ($751-755) per tonne, up by 30-50 yuan per tonneNorthern China (Beijing) weekly assessment: 4,520-4,600 yuan per tonne, down by...Read More
Local and export prices for hot-dipped galvanized coil decreased in Turkey in the week to Friday, November 12, with buyers holding back in anticipation of further price falls, sources told Fastmarkets.Demand for color-coated coil in the domestic market, meanwhile, improved because of low stock levels at end users, the sources added.Domestic pricesFastmarkets' weekly price assessment for steel HDG...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was steady for the second consecutive week as of Friday November 12, with tight supplies from lower scrap generation and competitive dockside trading supporting the British domestic market, trade sources said.The UK market has also garnered support from domestic monthly prices into British steelworks that settled ?20-25 ($27-33)...Read More
Nornickel has said no ship was late bringing nickel to the United States last week, refuting reports in the market that such a delay was the reason for US nickel premiums reaching new heights earlier this week.Some sources had said that a vessel delay had triggered short covering by customers who bought nickel briquette in a 41% higher range in the week to Tuesday, November 9. "All deliveries have...Read More
Carbon steel plate prices in the United States were steady at an all-time high on Friday November 12, but market sentiment has grown increasingly mixed for the rest of the year.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US held at $90 per hundredweight ($1,800 per short ton) on November 12, an all-time high and up sharply from $27.50 per cwt one ye...Read More
A wide gap between bids and offers in the major deep-sea markets for ferrous scrap prevented deals being made for much of the week ended Friday November 12, sources have told Fastmarkets.?EUR?Turkey steelmakers struggle to buy December-delivery scrap?EUR?US suppliers resist lower bids amid tight supplies?EUR?Vietnam quiet amid volatile markets?EUR?Bids, offers remain far apart in cfr China market?...Read More
Steel wire rod prices were largely unchanged in the week ended Friday November 12, but mills are mulling an attempt to increase offers for December, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was stable at 3,850-3,950 zloty ($954-979) per tonne on November 12.Trading during the assessment period was slower than the...Read More
Key data from Fastmarkets' European secondary aluminium pricing session on Friday November 12.Key drivers:The price of secondary aluminium ingot DIN226 dropped by more than ?,?200 per tonne in the week to Friday November 12 because of ow demand and falling silicon and scrap prices.Market participants noted quiet demand because most consumers are well stocked until the end of the first quarter of 2...Read More
A summary of production figures and financial results from Argentinian aluminium producer Aluar for the first quarter of its fiscal year 2022 (July-September 2021), as stated in its earnings report published on Wednesday November 10.In brief ?EUR?The company continued to operate its smelter at 75% capacity during the July-September quarter. ?EUR?As soon as the Argentinian government's resolution...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was steady for the second consecutive week as of Friday November 12, with tight supplies from lower scrap generation and competitive dockside trading supporting the British domestic market, trade sources said.The UK market has also garnered support from domestic monthly prices into British steelworks that settled ?20-25 ($27-33)...Read More
China's output and sales of automobiles continued their year-on-year decline in October due to the continuing semiconductor chip shortage, the China Association of Automobile Manufacturers (CAAM) said in its monthly report published on Wednesday November 10.Automobile output and sales in the country dropped by 8.8% and 9.4% year on year respectively, both to 2.33 million units in October, CAAM dat...Read More
European hot-rolled coil prices were stable to slightly lower on Thursday November 11, on subdued activity, but producers hope to achieve higher prices in the first quarter of 2022, sources told Fastmarkets.Trading activity was slow, with buyers refraining from making purchases and instead assessing the situation. Producers, meanwhile, were looking to achieve higher prices for the first quarter of...Read More
Seaborne coking coal cfr prices continued to drop on Thursday with new offers at lower prices emerging, while there was a trade in the fob market after a quiet week.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $522.01 per tonne, down $8.14 per tonneHard coking coal, cfr Jingtang: $464.62 per tonne, down $10.10 per tonnePremium hard coking coal, fob DBCT: $400.49 per tonne, down $0.99...Read More
Base metals prices on the London Metal Exchange were largely up at the 5pm close of trading on Thursday November 11, after a strong morning performance and reassuring news that emerged from the Chinese property sector."Chinese stock markets gained, on growing confidence that the authorities would ease the crackdown on the property sector and support developers," Anna Stablum, LME desk analyst at M...Read More
Steel billet prices in Turkey have weakened over the past week amid limited demand in the country, market participants told Fastmarkets on Thursday November 11.Steelmakers in the country have been struggling with weak finished long steel sales in the export outlets. Therefore, demand for billet has remained soft.Suppliers in the Commonwealth of Independent States have lowered their billet offers t...Read More
Johnson Matthey (JM) is pursuing the sale of all or parts of its battery materials division following a detailed review.This reflects the high capital intensity of those operations in the face of competition from more established large-scale, low-cost producers, the UK-based specialty chemical and sustainable technologies company said in a press release on Thursday November 11.Growth in demand for...Read More
The United States' imports of steelmaking raw materials fell by 7.36% month on month in September, spurred by a reduction in inflows of pig iron and a drop in ferrous scrap intake from Canada, according to the latest data from the US Census Bureau.Raw material imports totaled 931,030 tonnes in September, compared with 1 million tonnes in August and nearly 1.30 million tonnes in July.Overall ferrou...Read More