The latest data for the global manganese ore market for the week ended December 14, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Several minor metals prices have increased sharply in the week ended Friday December 11 following rising offers from China and higher transportation costs while uncertainty about logistics and demand in the near term are preventing some traders from taking long positions, Fastmarkets learned. "Price increases are massive... Almost all materials are currently strongly moving higher," a minor metals...Read More
Turkish deep-sea scrap import prices have continued to increase, reaching their highest point since August 2012 with a fresh Baltic Sea cargo traded over the weekend, sources said on Monday December 14.A steel mill in the Marmara region booked the Baltic Sea cargo, consisting of HMS 1&2 (80:20) at $419 per tonne and shredded at $429 per tonne cfr. The cargo composition was not clear at the time of...Read More
Base metals prices on the London Metal Exchange were mainly firmer this morning, Monday December 14, following the pullback from highs at the end of last week, but the base metals on the Shanghai Futures Exchange were mainly weaker while they followed Friday's weakness on the LME. Germany to enter a hard lockdown on Wednesday, South Korea considers raising Covid-19 restrictions to highest level.Un...Read More
Cobalt hydroxide prices and payables stretched to new highs in the week ended Friday December 11 when buyers came back to the market looking for prompt January cargoes and evaluating the availability of January-shipment material, after a lull in activity since the second half of November.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grad...Read More
Chinese automotive production rose by 9.6% year on year in November, supporting prices of upstream materials such as steel and aluminium. Carmakers in the country produced 2.85 million units in November, up by 9.6% from a year ago and up by 11.5% from the month prior, China Association of Automobile Manufacturers said (CAAM) on Friday December 11. Auto sales totaled 2.77 million units, up by 12.6%...Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Prices for carbon steel plate in the United States jumped after buyers realized that they will need to wait until later in the first quarter of 2021 for spot material. Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed to $36.50 per hundredweight ($730 per short ton) on Friday December 11 from $35 per cwt on December 4. The assessment has now gaine...Read More
Transaction prices for domestic steel hot-rolled coil continued to rise across Europe in the week to Friday December 11, due to tight supply from both domestic and overseas suppliers and solid demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?606.25 ($734.19) per tonne on Friday, up by ?,?31.25 per tonne week on week and by ?,?81.75 per tonne...Read More
The domestic price for rebar in Brazil increased for the sixth month in a row in December, with limited supply and persistently increasing demand continuing to support this year's price uptrend.Fastmarkets' price assessment of steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 3,800-3,945 Reais ($750-778) per tonne on Friday December 11, a 7.6% increase from 3,515-3,680 Reais...Read More
Egyptian rebar producers added E ?100-154 ($6.35-9.78) per tonne to their prices - in effect from Monday December 14 - sources told Fastmarkets.Producers are now offering rebar at E ?12,450-12,465 ($791-804) per tonne ex-works including 14% VAT, rising from E ?11,450-11,600 per tonne including VAT previously, market participants said.The last time prices changed was on December 7, while the latest...Read More
The domestic steel rebar price in Russia's Central Federal District around Moscow has jumped in the week to Monday December 14, pushed by shortages and strong export markets, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 55,000 roubles per tonne including 20% value-added tax on Monday, up from 42,000-44,000 r...Read More
Turkish deep-sea scrap import prices have continued to increase, reaching their highest point since August 2012 with a fresh Baltic Sea cargo traded over the weekend, sources said on Monday December 14.A steel mill in the Marmara region booked the Baltic Sea cargo, consisting of HMS 1&2 (80:20) at $419 per tonne and shredded at $429 per tonne cfr. The cargo composition was not clear at the time of...Read More
Seaborne iron ore prices fell on Monday December 14 after steelmakers in China called on authorities to clamp down on price speculation after it led iron ore prices to surge to multi-year highs last week, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $154.37 per tonne, down $5.76 per tonne62% Fe low-alumina fines, cfr Qingdao: $154.71 per tonne, down $5.70 per to...Read More
Prices for seaborne iron ore concentrate and pellets surged in the week to Friday December 11 amid strong gains in the iron ore fines segment, market sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $162.57 per tonne, up $18.68 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $185.71 per tonne, up $18.32 per tonne Key driversThe weekly average of the Fastmar...Read More
Import prices for steel billet to Southeast Asia are likely to continue rising with strong scrap prices and resurgent demand leading sellers to contemplate another sharp offer price increase."On Friday, all sellers withdrew their offer prices - let's see if new offers are made by mills on Tuesday," an Indian trader said on Monday December 14."Prices are going up on a daily basis but at the start o...Read More
Chinese automotive production rose by 9.6% year on year in November, supporting prices of upstream materials such as steel and aluminium. Carmakers in the country produced 2.85 million units in November, up by 9.6% from a year ago and up by 11.5% from the month prior, China Association of Automobile Manufacturers said (CAAM) on Friday December 11. Auto sales totaled 2.77 million units, up by 12.6%...Read More
Chinese automotive production rose by 9.6% year on year in November, supporting prices of upstream materials such as steel and aluminium. Carmakers in the country produced 2.85 million units in November, up by 9.6% from a year ago and up by 11.5% from the month prior, China Association of Automobile Manufacturers said (CAAM) on Friday December 11. Auto sales totaled 2.77 million units, up by 12.6%...Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More