The export market for pig iron from the Commonwealth of Independent States softened during the week to Thursday January 21 on buyers' pessimism amid a falling scrap market, sources told Fastmarkets.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $540-555 per tonne on Thursday, widening downward from $550-555 per tonne fob previously."The s...Read More
The price of shredded steel scrap imported into India and Pakistan plunged by more than $50 per tonne on Friday January 22, following a sharp correction in the international scrap market, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $430.83 per tonne on Friday, down from $480.38 per tonne a week earlier.There wer...Read More
Turkish steelmakers continued to hold back from deep-sea scrap purchases at the end of the week, due to poor sales of finished long steel and billet, sources said on Friday January 22.After the most recent deep-sea transaction heard on January 20, at $440 per tonne cfr on an HMS 1&2 (80:20) basis, Turkish steel producers stepped back from the markets.The transaction on Wednesday pushed the da...Read More
The first delivery of imported scrap to arrive in China since last month's relaxation of import restrictions has been held up by delays at the port, market sources told Fastmarkets on Friday January 22.The bulk vessel of Japan-origin heavy scrap was sold to a Chinese steelmaker early in January.The vessel was originally expected to arrive at port in Shanghai this week, according to a loc...Read More
Seaborne premium hard coking coal price in the cfr market edged up on Friday January 22, on higher offers for Canada-origin coal, but fob prices remained relatively flat, with no transactions heard during the day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.99 per tonne, down $0.48 per tonnePremium hard coking coal, cfr Jingtang: $212.95 per tonne, up $1.13 per tonneHard c...Read More
Iron ore prices fell on Friday January 22 due to a negative near-term outlook following the introduction of stronger measures to control the resurgence of Covid-19 cases in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $169.97 per tonne, down $1.54 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $1.36 per tonne 58% Fe fines high-grade premium, cfr Qingdao:...Read More
Latest analysis from recent activity on the CME's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam. Key data Jan 20, 2021, 30 tonnes (10 tonnes each for March ($17.95 per lb), April ($18.00 per lb), May ($18.05 per lb)) Jan 11, 2021, 15 tonnes (5 tonnes each for February, March and April, all at $17.45 per lb)&n...Read More
China's domestic rebar prices edged up slightly on Friday January 22, but they remain lower than a week earlier on softening demand ahead of the Chinese New Year holiday.DomesticEastern China (Shanghai): 4,260-4,290 yuan ($659-663) per tonne, widening upward by 10 yuan per tonne Northern China (Beijing) weekly assessment: 4,060-4,110 yuan per tonne, up by 40-50 yuan per tonnePrices in eastern Chin...Read More
The London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the 'Biden bounce', even as the dollar continued to weaken. LME tin's three-month price was at $21,935 per tonne, for example, shortly after 9am, a slight move sideways from its Thursday closing price of $22,000 per tonne. ...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought. Republicans in US Congress thought to be willing to work with President Joe Biden on his $1.9 trillion...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 22.USAThe US manganese alloys markets continued their uptrend this week while thin available inventory and renewed demand strength continue to drive price strength.Lagging US imports and global production cutbacks have been credited with creating the present shortage of material on the groun...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 specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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.Fastmarkets assessed...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 grade,...Read More
Prices for steel scrap across Asian markets have plummeted in recent days due to weak sentiment and buyers abstaining from purchases, market participants told Fastmarkets on Friday January 22.Asian markets started the week with a slump amid lower steel consumption and falling ferrous futures in China.Market expectations of further price drops ahead of the Chinese New Year - observed in a week-long...Read More
Taiwanese scrap buyers have stayed away from the import markets on sharply correcting prices during the week to Friday January 22, markets sources told Fastmarkets.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $400-405 per tonne on Friday, down $5 per tonne from a day earlier and down by $26-30 per tonne...Read More
There remained a dearth of interest for imported ferrous scrap in key buyer market Vietnam due to the sharp price downtrend in the week to Friday January 22, market sources told Fastmarkets. Offers for Japanese H2 were at $425-435 per tonne cfr southern Vietnam, down $30-40 per tonne week on week. Steel mills did not show any interest at this price. The limited interest for heavy scrap was exacerb...Read More
(Updates prices) LONDON, Jan 22 (Reuters) - Copper fell on Friday alongsidestock markets and oil prices as poor economic data and newcoronavirus restrictions in China, the world's biggest rawmaterials consumer, weakened the outlook for economic growth anddemand.But losses eased after U.S. factory figures showed activitysurging to its highest level in nearly 14 years in earlyJanuary. Benchmark copp...Read More