Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More
Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More
Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More
Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain, the companies said in a press release on Tuesday December 15. Both companies have the shared goal of significantly reducing carbon emissions across the entire steel...Read More
Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.It produced 533,000 tonnes of rolled steel between November 1 and December 15, or around 11,800 tonnes per day, up by 0.2% from the daily average in January-March this year and b...Read More
Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More
Here are five Fastmarkets stories you might have missed on Friday December 18 that are worth another look.Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain,...Read More
Morning Technical Notes for Monday December 21stKinder Morgan (KMI), an S&P 100 stock moved below $14.00 completing a double top pattern.Alphabet (GOOG GOOGL) an S&P 100 stock moved below $1717.30 and $1710.18 respectively completing a double top pattern.Industrial SPDRs (XLI) moved below $87.53 completing a double top pattern.Southern Companies (SO), an S&P 100 stock moved below $59.4...Read More
Uncertainty surrounding Brexit - with no trade deal agreed yet between the United Kingdom and the European Union - has prompted spot activity in some minor metals and ferro-alloys markets, with market participants finding difficulties in moving their material across the borders. Traders in the UK have increased their orders in the last few weeks ahead of potential import duties that might be comin...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 18, during which the European aluminium pressure diecasting ingot, DIN226/A380 price climbed to its highest level since August 2015.Key drivers: European sellers continued to report strong export demand from Asia and raw materials shortages across the continent as the key tailwind for higher offers of 226 ingots, with scrap un...Read More
Following a six-week consultation period, Fastmarkets will change the frequency of its zinc spot concentrate treatment charges (TC) price assessment to fortnightly from its present monthly timing.Fastmarkets will change the frequency of its price assessment from January 2021 for MB-ZN-0110 zinc spot concentrate TC, cif China, $/tonne after receiving overwhelmingly positive feedback from our reader...Read More
Aluminium billet premiums in the United States, Europe and Asia rose on Friday December 18, with strong fundamentals supporting the increases.Low stocks propel US premium higher European spot market tight; participants focused on Q2 negotiations Bullish Q1 MJP P1020 negotiations pull Thailand premium upUnited StatesFastmarkets assessed the aluminium 6063 extrusion billet premium, delivered Midwest...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday December 18.China Domestic prices held steady, with suppliers quoting their offer prices firm due to limited supply and continuing rising prices of semi-coke and coal, although weakness emerged in the futures market.The most-traded January ferro-silicon contract price on the Zhengzhou Commodity Excha...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 18.China Seaborne prices for both low-and high-grade manganese ore were further strengthened by rises in the portside ore and futures alloy markets.Portside prices of both grades of manganese ore increased after the rally in the alloy futures market encouraged ore traders to raise...Read More
Spot market copper concentrate treatment and refining charges were largely unchanged while the market began to conclude annual benchmark-related supply contracts, Fastmarkets heard in the week to December 18.United States mining company Freeport-McMoRan agreed 2021 copper concentrate TC/RCs with its Chinese smelter counterparts at $59.50 per tonne / 5.95 cents per lb, their lowest since 2011.Short...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 18, during which the European aluminium pressure diecasting ingot, DIN226/A380 price climbed to its highest level since August 2015.Key drivers: European sellers continued to report strong export demand from Asia and raw materials shortages across the continent as the key tailwind for higher offers of 226 ingots, with scrap un...Read More
Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.Turkish import scrap prices hit an eight-year high after new bookings confirmed Recent US export scrap sales shrouded in secrecy Vietnamese scrap prices buoyed by strong Japan market Taiwanese import market hits historical high India prices jump on difficult mar...Read More