The price for pig iron exports from Brazil went up again during the week to Friday December 11 on continued strong demand in the United States.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $445-450 per tonne on Friday, up from $420 per tonne a week before.A sale to the United States was heard at...Read More
Global steel scrap prices continued to increase throughout the week to Friday December 11 on active purchasing from steel mills and tight supply in the spot market.Turkey purchases at increasingly higher prices on tight supplyUS exporters see brisk trade on East CoastTaiwan sees continued shortage in containerized scrap supplySurge in Kanto Tetsugen auction cause H2 offers to spike in VietnamIndia...Read More
Steel slab export prices from Brazil showed a steep increase in the week ended Friday December 11, with sellers achieving higher deals because of the positive trend in the flat steel markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, reached $650-670 per tonne on Friday, up by $60-70 per tonne from $590-600 per tonne a week earlier.As a result of recent pric...Read More
Chinese rebar exporters were more active this week amid an increase in overseas prices that made China-origin cargoes more attractive to potential buyers.DomesticEastern China (Shanghai): 4,200 -4,230 yuan ($642-647) per tonne, up by 130 yuan per tonneNorthern China (Beijing) weekly assessment: 3,840-3,870 yuan per tonne, up by 140 yuan per tonneThe May rebar contract on the Shanghai Futures Excha...Read More
Hebei Iron and Steel Group (HBIS), China's second-largest steelmaker, has increased its purchase price for December-delivery silico-manganese to 6,350 yuan ($971) per tonne, market participants told Fastmarkets on Thursday December 10.The latest price is 270 yuan per tonne higher than the mill's purchase price of 6,080 yuan per tonne for November-delivery cargoes. HBIS' price, which applies to car...Read More
Rails made from "green steel" by Liberty France, a subsidiary of the Liberty Steel Group, have been approved for use on the French rail network by national service supplier SNCF R?(C)seau, the company said on Thursday December 10.The key focus for Liberty after it acquired the operations in August this year was to connect the Ascoval steelworks near Saint-Saulve with the Hayange rail mill in Mosel...Read More
ArcelorMittal has signed a binding agreement with Invitalia, an Italian state-owned company, forming a public-private partnership for the Taranto flat steel plant in the south of Italy, formerly known as Ilva, the steelmaker said late on December 10.The investment agreement will result in a recapitalization of AM InvestCo, ArcelorMittal's subsidiary, which signed the purchase agreement for Ilva's...Read More
Aluminium primary foundry alloy (PFA) premiums in Europe rose for a fifth consecutive month on Friday December 11 due to stronger demand, while the premium in the United States was steady despite stronger demand in that market as well.EuropeDemand in Eastern Europe continues to improve along with primary aluminium premiums.But the move was capped by low liquidity, with participants focusing on lon...Read More
Steel slab export prices from Brazil showed a steep increase in the week ended Friday December 11, with sellers achieving higher deals because of the positive trend in the flat steel markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, reached $650-670 per tonne on Friday, up by $60-70 per tonne from $590-600 per tonne a week earlier.As a result of recent pric...Read More
A persistent global uptrend and a quick shift to negotiations for March-shipment cargoes, in some cases, continued to drive import prices for flat-rolled steel in South America significantly upward during the week to Friday December 11.A few Chinese mills took the unusual decision to change their offer prices twice in the week. Demand remained strong, but market participants started to become caut...Read More
The UK market for steel scrap deliveries to domestic steelmakers for monthly contracts increased for the second month in a row in December, against rallying European export markets and tight flows of scrap into British yards, industry sources said in the week to Friday December 11.The British market has also been affected by surging costs for containers for the export of metal goods internationall...Read More
Zinc showed the biggest fall in its three-month price on the London Metals Exchange at the 5pm close on Friday December 11, with other base metals ending the week around established highs after days of rallying to new year-to-date peaks.The LME base-metals complex was boosted during the week by positive sentiment, driven by an expectation that the Food & Drug Administration (FDA) in the United Sta...Read More
Seaborne iron ore prices stayed on an upward trend on Friday December 11, despite environmental restrictions being imposed on steel mills in the steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $160.13 per tonne, up $3.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $160.41 per tonne, up $3.62 per tonne58% Fe fines high-grad...Read More
The price paid for seaborne low-volatile pulverized coal injection (PCI) material in the fob market rose on Friday December 11 due to tight supply, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.04 per tonne, up $0.15 per tonnePremium hard coking coal, cfr Jingtang: $179.63 per tonne, up $1.03 per tonneHard coking coal, fob DBCT: $92.97 per tonne, up $0.41 per tonneHard...Read More
The price for pig iron exports from Brazil went up again during the week to Friday December 11 on continued strong demand in the United States.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $445-450 per tonne on Friday, up from $420 per tonne a week before.A sale to the United States was heard at...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 11.China Domestic spot prices hit a two-year peak amid looming concerns over supply tightness after Zhongwei city ordered ferro-alloys refineries to shut down to tackle pollution during winter period.The futures market responded sharply to the news of winter production cuts, with the most-t...Read More
Zinc showed the biggest fall in its three-month price on the London Metals Exchange at the 5pm close on Friday December 11, with other base metals ending the week around established highs after days of rallying to new year-to-date peaks.The LME base-metals complex was boosted during the week by positive sentiment, driven by an expectation that the Food & Drug Administration (FDA) in the United Sta...Read More
Key data from Fastmarkets' pricing session in Europe on Friday December 11. Key drivers: European sellers reported strong export demand to Asia as the key tailwind for higher offers for 226 ingots, with some indicating that Asian buyers are increasing offers by ?,?100 ($121) per day. Aluminium scrap prices have increased amid tightening supply after many cargoes were delayed due to a s...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sybil Pan, and Sally...Read More
Spot copper concentrate treatment and refining charges were largely unchanged over the week to Friday December 11, reflected in hand-to-mouth buying from smelters. Fastmarkets' copper concentrates TC index, cif Asia Pacific was $44 per tonne on Friday, down from $44.80 per tonne a week before. Deals reported to Fastmarkets continue to show smelter buying between $47 and $49 per tonne for clea...Read More