Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
Chile produced 492,500 tonnes in copper content during May, up 1% from 487,800 tonnes in the corresponding month of 2019, according to data from the country's copper commission Cochilco on Thursday July 2.Chile has been increasing its copper production this year compared to falling volumes in other South American nations like Peru, where the Covid-19 pandemic forced units to close. Including May f...Read More
Three-month prices for base metals on the London Metal Exchange were higher at the close of trading on Thursday July 2, with positive employment statistics from the United States lending support to the complex, while forward-buying in LME copper futures prompted a tightening of the metal's forward curve.Economic data released in the afternoon from the US showed the country's unemployment rate for...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
Chile produced 492,500 tonnes in copper content during May, up 1% from 487,800 tonnes in the corresponding month of 2019, according to data from the country's copper commission Cochilco on Thursday July 2.Chile has been increasing its copper production this year compared to falling volumes in other South American nations like Peru, where the Covid-19 pandemic forced units to close. Including May f...Read More
Scott Shi and Ben Liu have joined Shanxi Securities while the Chinese brokerage company looks to enhance its commodities business, Fastmarkets understands.Shi - formerly of Hong Kong Exchanges and Clearing (HKEX) - and Liu - who worked at Gelin Dahua previously - will...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
The Turkish scrap import market was quiet on Thursday July 2, following two bookings on Wednesday, with mills stepping back to wait for lower prices, sources told Fastmarkets. On Wednesday, a steel mill in the Iskenderun region booked a cargo from the United States, comprising 16,000 tonnes of HMS 1&2 (80:20) at $256 per tonne, 6,000 tonnes of shredded at $261 per tonne and 8,000 tonnes of plate a...Read More
Markets participants are in an optimistic mood while they focus on economic data that is improving and hopes of a Covid-19 vaccine this morning, Thursday July 2, while apparently choosing not to focus on the havoc that the pandemic is causing.US total vehicle sales climbed to an annualized 13.1 million units in June, after 8.7 million units in May; sales were around 17 million in 2019. Spanish une...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets...Read More
The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard grade, in-whs...Read More
China imported more than double the volume of cobalt metal in May compared with the same period last year due to arbitrage opportunities, according to market sources. China imported 435 tonnes of cobalt metal in May, up 107% year on year from 210 tonnes and 151% higher than April 2020 when imports totaled only at 173 tonnes, according to China Customs data. Several market participants cited the na...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
European domestic prices for cold-rolled coil moved up over the week ended Wednesday July 1, supported by a degree of demand revival and higher prices for hot-rolled coil feedstock, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Northern Europe, was ?,?480-510 ($539-573) per tonne on July 1, up by ?,?10-20 per tonne week on week from ?,...Read More
The daily index for hot-rolled coil in Northern Europe has inched up further supported by demand recovery and the continuing lack of competitive imports, sources told Fastmarkets on Thursday July 2.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?401.52 ($451.17) per tonne on Thursday, up by ?,?1.52 per tonne day on day from ?,?400.00 per tonne on...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.Chilean...Read More
Steel billet import prices decreased in Egypt on lower bids in the week to Thursday July 2, sources told Fastmarkets.In addition, Egypt imposed a 10% duty on imports of finished steel products under HS code 7208, 7209, 7210, 7211, 7212, 7213, 7214, 7215, and 7216, in effect from June 24.The duty does not affect semi-finished product imports, but billet is already subject to a 16% safeguard duty un...Read More
European importers of long steel and hot-rolled coil have claimed that this week's definitive decision in the EU steel imports safeguard case review ignored the interests of independent buyers and focused protection only on steelmakers, market sources told Fastmarkets on Wednesday July 1.The European Commission (EC) presented its definitive decision in the safeguard case on June 30. The adjusted m...Read More
The Turkish scrap import market was quiet on Thursday July 2, following two bookings on Wednesday, with mills stepping back to wait for lower prices, sources told Fastmarkets. On Wednesday, a steel mill in the Iskenderun region booked a cargo from the United States, comprising 16,000 tonnes of HMS 1&2 (80:20) at $256 per tonne, 6,000 tonnes of shredded at $261 per tonne and 8,000 tonnes of plate a...Read More
Iron ore prices maintained their current level on Thursday July 1 amid active trading in the seaborne market and the ports in China, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $99.47 per tonne, up $0.30 per tonne.62% Fe low-alumina fines, cfr Qingdao: $102.10 per tonne, down $0.40 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $90.97 per tonne, up $0...Read More