An overview of the new energy raw materials markets and their latest price moves.Susan Zou, Sally Zhang, Carrie Shi, Jon Stibbs, Cristina Belda,...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Friday November 13.Fastmarkets' alumina index, fob Australia has been mostly between $271 per tonne and $275 per tonne over the past month.Key drivers Alumina prices have been mostly static over the week with higher aluminium prices supporting the current market level despite weak demand.The London Metal Exch...Read More
The US Department of Commerce has set affirmative preliminary anti-dumping margins against imports of pre-stressed concrete (PC) steel wire strand from Indonesia, Italy, Malaysia, South Africa, Spain, Tunisia and Ukraine. Commerce found that PC strand was dumped into the United States at the following rates: Indonesia: 2.96-72.28% Italy: 3.67-19.26% Malaysia: 3.70-18.93% South Africa: 59.27% Spain...Read More
A summary of Tata Steel's financial results for the third quarter of 2020, running from July to September.In brief Quarterly deliveries at India operations rose by 22% year-on-year. Tata Steel is now in talks with Swedish steelmaker SSAB for a sale of its IJmuiden plant in the Netherlands. The producer has initiated a process to separate Tata Steel Netherlands and Tata Steel UK, and will pursue se...Read More
Domestic prices for ferrous scrap in Italy have been fairly stable in the month to Friday November 13, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was unchanged over the month at ?,?220-240 ($259-283) per tonne on Friday November 13. The assessment was based on transactions heard in the market.D...Read More
Flat steel prices in the Turkish market continued to increase sharply during the week to Friday November 13, with demand remaining firm amid low stock levels, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment of steel hot-rolled coil, domestic, exw Turkey was $575-585 per tonne on Friday, up by $25 from $550-560 per tonne a week earlier.Turkish HRC producers were offerin...Read More
The price of stainless steel scrap in Europe and the UK moved up this week because of tight supply and higher nickel costs, sources told Fastmarkets on Friday November 13.Fastmarkets' weekly assessment for stainless steel scrap, 18/8 solids, domestic, delivered merchants UK, was ?950-1,000 ($1,251-1,317) per tonne on Friday, up by ?20-50 per tonne week on week from ?930-950 per tonne.Prices in...Read More
Improving demand for finished and semi-finished steel products across the major outlets has increased scrap prices in the major markets over the week to Friday November 13.Turkish mills continued to pay more for deep-sea scrap cargoes, because they have secured a lot of rebar sales, while demand for billet in China drove up the prices in Asia. The supply of scrap, however, was tightening and suppo...Read More
The market for deliveries of steel scrap to domestic consumers in the UK has increased for contracts in November, bouncing on firm fundamentals, with tighter supplies into yards and strong demand from local and overseas buyers, industry sources said in the week to Friday November 13.The market to domestic steel mills and foundries, which is delivered on a monthly basis, has been settled at prices...Read More
The market for imported pig iron in the United States increased during the week to Friday November 13 due to a global uptrend.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $390-395 per tonne on Friday, up from $377-385 per tonne a week before."Higher prices in China...Read More
The export pig iron market in Brazil was strong during the week to Friday November 13 on firm demand both from traders and end buyers, sources told Fastmarkets.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $375 per tonne on Friday, compared with $370-375 per tonne a week ago. A sale...Read More
The price of shredded steel scrap imported into India and Pakistan moved up once again on Friday November 13, with material shortage and logistics issues still causing concern, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $337.41 per tonne on Friday, up from $330.32 per tonne one week earlier.Offers of shredded material on the...Read More
Turkish steel mills skipped the last working day of the week, with no deep-sea bookings reported and offer prices continuing to climb, sources told Fastmarkets on Friday November 13.After booking a US cargo at $306.50 per tonne cfr on HMS 1&2 (80:20) basis late on Wednesday November 11, mills stepped back from the deep-sea purchases, as the suppliers started to seek higher prices."A supplier...Read More
The Shanghai Futures Exchange aluminium price rose to a three-year high on Friday November 13 on expectations of a better macroeconomic environment following the end of the United States presidential election campaign as well as good downstream demand, according to market participants. The most active aluminium price on the SHFE hit 15,700 yuan ($2,373) per tonne on November 13, up 1% or 150...Read More
The seaborne premium hard coking coal cfr price edged up on Friday November 13 due to continued restrictions on Australian coal imports, while seaborne coking coal fob prices across the board remained flat, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.40 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $153.58 per tonne, up $0.51 per tonneHard co...Read More
Seaborne iron ore prices dipped on Friday November 13 amid weakened demand for downstream steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.37 per tonne, down $1.37 per tonne62% Fe low-alumina fines, cfr Qingdao: $123.10 per tonne, down $0.64 per tonne58% Fe fines high-grade premium, cfr Qingdao: $113.56 per tonne, down $0.85 per tonne65% Fe Braz...Read More
The London Metal Exchange three-month base metals prices continued to oscillate around the levels established on Thursday's close on Friday November 13 morning, with aluminium and lead being the notable exceptions.Lead posted the biggest gains during Friday's morning trading while aluminium continued to make fresh highs. The three-month lead price rose for a third day on Friday morning, reaching $...Read More
Eastern China's domestic prices were unchanged on Friday November 13 amid healthy demand ahead of the weekend despite early losses in the futures market. Spot prices in the region ended the week 170 yuan per tonne higher, however. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, unchanged Northern China (Beijing) weekly assessment: 3,930-3,960 yuan per tonne, up by 170 yuan...Read More
The London Metal Exchange three-month price for aluminium was at a year-to-date high and spreads have flipped back into contango, but bullish futures have yet to materialise in a bullish physical market, Fastmarkets heard on Thursday November 12.The benchmark three-month aluminium price has remained consistently above $1,900 per tonne this week. It hit a year-to-date high of $1,935 per tonne on No...Read More
German carmaker Mercedes-Benz will soon transition to sourcing cobalt and lithium for electric vehicles (EV) batteries only from certified mines to reduce the environmental and social impact of its supply chains, it said on Thursday November 12.The company added it is planning to shift away from cobalt usage in the coming generation of batteries and it is exploring different battery's chemistries....Read More