Fastmarkets has corrected its Shanghai copper cathode premiums, which were published in error on December 25 and December 28.Fastmarkets published prices for registered copper cathode premiums on a seaborne and in-warehouse basis for the Shanghai market outside of its pricing calendar, and has now removed this information.Fastmarkets prices commodity-grade base metal premiums on days when the Lond...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
The discount paid for ferro-nickel with 26-32% nickel content in China fell to its lowest level on Fastmarkets' records in December due to a lack of demand and no price competitiveness. Fastmarkets assessed the ferro-nickel premium/discount, 26-32% Ni contained, cif China at a discount of $1,800-2,200 per tonne on Tuesday December 29, widening from a discount of $1,000-1,300 per tonne on November...Read More
Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays. Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose 18 cents (4.6%) week on week to $4.12 per dry metric tonne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
The Turkish deep-sea scrap market remained quiet due to the year-end holiday period, sources said on Wednesday December 30.The most recent transactions were heard on December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cfr, and another steel mill in the Iskenderun...Read More
Shipments of copper scrap for import into China have been trading at a bigger discount in December, with many cargoes stranded at Chinese ports while customs officials carry out inspections under the new import policy."For birch/cliff covered with paint or other impurities the samples are sent to laboratories, so it is taking a long time for clearance," a scrap importer said. A scrap trader said c...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on Wednesday December 30.In late December bankruptcy trustee Mateusz Bienioszek signed a lease agreement for Huta Czestochowa with Corween Investments, several sources familiar with the matter told Fastmarkets "I ca...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Steel reinforcing bar prices in the United States climbed on Wednesday December 30 to a more than eight-year high as the market continued to accept the latest round of price increases, according to market participants. Fastmarkets assessed steel reinforcing bar (rebar), fob mill US at $37 per hundredweight ($740 short ton) on December 30, up 4.2% from $35.50 per cwt the week before and its highest...Read More
Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More
The Turkish deep-sea scrap market remained quiet due to the year-end holiday period, sources said on Wednesday December 30.The most recent transactions were heard on December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per tonne cfr, and another steel mill in the Iskenderun...Read More
Closures at Hyundai Steel's electric arc furnaces (EAFs) in Incheon have reduced supply and raised prices for steel beams in South Korea, a company spokesman told Fastmarkets.Hyundai closed two EAFs at its Incheon works in mid-October due to a $100-million upgrade of its steel beam rolling process, the spokesman said on Tuesday December 29.Following the update, South Korea's second largest steelma...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Iran's export prices for steel slab and billet increased again over the week to Wednesday December 30 following deals being secured at even higher prices over the week, Fastmarkets learned.A total of 110,000 tonnes of Iranian slab was sold in two tenders during the week, sources told FastmarketsThis comes at a time when Iran's export billet and slab prices are at their highest since early 2018, wh...Read More
Fastmarkets proposes to make two amendments to the specifications of its daily price for steel billet, import, cfr Southeast Asia.The proposed changes are in response to market feedback requesting a change in the price specification to make the price assessment more representative of the cfr Manila steel billet import market.The Philippines is the largest steel billet importing nation in Southeast...Read More
Seaborne prices of both low- and high-grade manganese ore in China continued to find support from persistent strength in the portside ore and alloy markets in the latest pricing period ended Tuesday December 29, despite the absence of some participants due to the Christmas holidays. Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose 18 cents (4.6%) week on week to $4.12 per dry metric tonne...Read More
The latest data for the global manganese ore market for the week ended December 29, 2020.Read More
Steel reinforcing bar prices in the United States climbed on Wednesday December 30 to a more than eight-year high as the market continued to accept the latest round of price increases, according to market participants. Fastmarkets assessed steel reinforcing bar (rebar), fob mill US at $37 per hundredweight ($740 short ton) on December 30, up 4.2% from $35.50 per cwt the week before and its highest...Read More