Steel slab export prices from Brazil remained unchanged in the week ended Friday February 5, with producers holding offers steady despite limited availability.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, remained at $760-780 per tonne fob on Friday, stable from the previous week.In recent weeks, buyers have tried to achieve lower prices because they were fearf...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Pakistan long steel producer Agha Steel is to install solar polar at its production facility in a push to achieve green steelmaking, the company said on Thursday February 4. As part of its "Green Steel Revolution," the company has signed a contract with Renewable Power Pvt Ltd to install a 2.25 Megawatt solar power project at its production facility. Using solar power would reduce its carbon emiss...Read More
Hot-rolled coil prices in the United States have remained at an all-time high while mills have benefited from a tight market, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $59.23 per hundredweight ($1,184.60 per short ton) on Friday February 5, flat day on day, but up by 4.83% from $56.50 per cwt one week ago and roughly double $29.67 per cwt...Read More
Steel slab export prices from Brazil remained unchanged in the week ended Friday February 5, with producers holding offers steady despite limited availability.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, remained at $760-780 per tonne fob on Friday, stable from the previous week.In recent weeks, buyers have tried to achieve lower prices because they were fearf...Read More
South American import prices for flat-rolled steel were mostly down week-on-week on Friday February 5 on a persistent Chinese downtrend.The price of hot-rolled coil, on the other hand, increased on the same basis of comparison, with material from other origins such as Japan and Brazil returning to the market with April-shipment offers.China-origin HRC was also more expensive, with market participa...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
The uptrend in European vanadium prices continued to accelerate at the beginning of February while end-user demand increased amid tight prompt supplies, sources told Fastmarkets.Fastmarkets' assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price was at $28.25-29.50 per kg on Friday February 5, up 2.2% from the midweek assessment of $28-28.50 per kg, when prices had...Read More
Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.At least two major steelmakers were heard making inquiries for scrap with Japanese trading houses and suppliers on Friday February 5. The hive of activity comes just ahead of China's Lunar New Year holiday next week, with som...Read More
Base metals prices on the London Metal Exchange ended the first week of February on markedly positive figures, with nickel showing a day-on-day increase of 2% on Friday February 5 and zinc rising by nearly 4% since the start of the week, on a slowdown of the US Dollar Index.Nickel's three-month price showed the biggest reaction to the Dollar Index during the day on Friday, rising by 2.1% to $18,02...Read More
Customers should be given the choice to source aluminium on a spectrum of carbon levels and defining low-carbon aluminium by a numerical threshold could have unintended consequences, London Metal Exchange chief executive officer Matthew Chamberlain told Fastmarkets. Chamberlain noted the way of defining low-carbon aluminium by a number could be disruptive and counter-productive, during Fastmarkets...Read More
The seaborne premium hard coking coal price in the fob market declined on Friday February 5, while Australian coking coal cargoes that had been in anchorage at Chinese ports may lead the seaborne premium fob price down, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.53 per tonne, down $1.01 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard...Read More
Sentiment in the pig iron import market in the United States remained negative during the week to Friday February 5 on bearish consumers, who are the only large pig iron buyers while China is out of the market ahead of the Lunar New Year holiday (February 11-17). Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $500-520 per tonne on Friday, widening up...Read More
Brazil's pig iron export market was calm in the week to Friday February 5 because suppliers wanted to wait and see where the market would turn after the Lunar New Year holiday in China.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $480 per tonne on Friday, unchanged week on week.No new sales were reported during the week,...Read More
Base metals prices on the London Metal Exchange ended the first week of February on markedly positive figures, with nickel showing a day-on-day increase of 2% on Friday February 5 and zinc rising by nearly 4% since the start of the week, on a slowdown of the US Dollar Index.Nickel's three-month price showed the biggest reaction to the Dollar Index during the day on Friday, rising by 2.1% to $18,02...Read More
Customers should be given the choice to source aluminium on a spectrum of carbon levels and defining low-carbon aluminium by a numerical threshold could have unintended consequences, London Metal Exchange chief executive officer Matthew Chamberlain told Fastmarkets. Chamberlain noted the way of defining low-carbon aluminium by a number could be disruptive and counter-productive, during Fastmarkets...Read More
Copper concentrate treatment and refining charges (TC/RCs) dropped marginally during the week to Friday February 5, with smelters continuing to stock up ahead of the Lunar New Year holidays.It is the second consecutive week that the Fastmarkets copper concentrates TC index, cif Asia Pacific has dipped below $40 per tonne / 4 cents per lb. It was calculated at $37 / 3.70 cents on Friday, compared...Read More
Base metals inventories went up in Shanghai Futures Exchange-registered warehouses in the week to Friday February 5, with the the sole exception of nickel, and with zinc showing the biggest rise in percentage terms, up by 34.9% over the week.Zinc inventories rose by 15,615 tonnes week on week to 60,361 tonnes, from 44,746 tonnes the week before.The inflows mainly came to warehouses operated by Nan...Read More
Three-month base metals prices on the London Metal Exchange were up across the board on the morning of Friday February 5, led by a 1.4% gain in nickel, with the US Dollar Index easing after reaching a three-month high on Thursday.Nickel's three-month price was up to $17,900 per tonne on Friday at 9am, with dip-buying having emerged below the 40 daily moving average, at $17,600 per tonne, a price l...Read More
With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness. Asian-Pacific equities were stronger this morning......as was the US Dollar IndexBase metalsThree-month tin prices were down by 0.4% at $22,880 pe...Read More