Activity in the pig iron market in the United States remained muted in the week to Friday June 26, because of wide gap between the "workable" levels of buyers and suppliers.Fastmarkets' weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was unchanged at $325-330 per tonne on Friday.Most buyers continued to stick with $320-325 per tonne cfr as a workable&...Read More
Pig iron export prices from Brazil were stable during the week to Friday June 26 with trading activity slowing down and no new deals reported.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $310-320 per tonne on Friday, unchanged from the previous week.Offers remained at $320 per tonne fob and the most recent deal from the south...Read More
The price of austenitic stainless steel scrap in the European domestic market moved slightly higher this week because of tight supply, despite low demand from mills and lower nickel costs, Fastmarkets heard on Friday June 26.Traders had by this week settled their terms with stainless steel mills for July, and in some cases had secured slightly lower nickel discounts - when traders sell to mills, t...Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week to Friday June 26, continuing the stability seen last week amid low-key but steady trading and little change in export prices, trade sources said.There was also some market expectation that monthly delivery settlement prices would be rolled over after the conclusion of negotiations due to start next week.Trade s...Read More
Steel scrap prices in the major regions started to weaken during the working week from Monday June 22 to Friday June 26, amid softening demand.Turkish mills booked only two deep-sea cargoes this weekUS export prices down $6 per tonneSteady demand could not prevent prices weakening in VietnamImport prices down in Taiwan ahead of festival periodLower prices entice buyers in India.TurkeyTurkish steel...Read More
The price of ferrous scrap in containers imported into India moved down this week with fresh transactions breaking the trade stalemate and confirming the market level, sources told Fastmarkets on Friday June 26.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $274.28 per tonne on Friday, down from $282.25 per tonne on June 19.Market sources reported offer...Read More
Turkish steel mills skipped the last working day of the week with no deep-sea bookings, but still expect to buy more cargoes for August shipment, sources told Fastmarkets on Friday June 26.The country's steelmakers have booked only two deep-sea cargoes so far this week, totalling 67,500 tonnes. A steel mill in the Iskenderun region booked a 27,500-tonne US cargo, comprising HMS 1&2 (80:20) at $26...Read More
Seaborne iron ore prices were stable on Friday June 26 due to China's absence from the market during the Dragon Boat Festival holidays, with no visible trading activity seen on platforms or in spot market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $103.34 per tonne, unchanged. 62% Fe low-alumina fines, cfr Qingdao: $106.49 per tonne, unchanged. 58% Fe fines high-grade premium, cfr Qing...Read More
China's public holiday for the Dragon Boat Festival kept the seaborne coking coal market muted for a second day on Friday June 26.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.79 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $122.83 per tonne, unchangedHard coking coal, fob DBCT: $89.57 per tonne, unchangedHard coking coal, cfr Jingtang: $101.01 per tonne, unchangedA bi...Read More
Markets were mainly firmer this morning, Friday June 26, with the base metals up across the board and most Asian-Pacific equities indices showing gains, while gold prices were consolidating - all of which suggesting a slight risk-on sentiment.Pre-market major European equity index futures were up by around 0.7%, following gains in the United States on Thursday.Global trade dropped by 12.1% in Apri...Read More
Seaborne premium hard coking coal prices were unchanged on Thursday June 25 amid an absence of Chinese market participants due to a public holiday in China to mark the Dragon Boat Festival.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.79 per tonne, unchanged. Premium hard coking coal, cfr Jingtang: $122.83 per tonne, unchanged.Hard coking coal, fob DBCT: $89.57 per tonne, unchangedHa...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 it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy...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...Read More
Prices for bulk cargoes of steel scrap imported to South Korea fell sharply in the week to Friday June 26 amid a decline in Japanese offer prices, sources told Fastmarkets.High prices for Japanese cargoes had forced Korean mills to procure scrap from Russia and the United States in recent weeks. One mill purchased 32,000 tonnes of HMS 1 scrap from the US West Coast on June 12 for $282 per tonne cf...Read More
Import prices for containerized ferrous scrap in Taiwan softened this week with buyers slowing down their purchases ahead of the Dragon Boat Festival on Thursday and Friday, which reduced the number of working days.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $245 per tonne on Friday June 26, unchanged f...Read More
Import prices for ferrous scrap in Vietnam trended downward during the week to Friday June 26 despite steady demand among buyers.A transaction involving a bulk cargo of Japanese H2 scrap was heard to have been concluded at $265 per tonne cfr southern Vietnam on Tuesday, but by the end of the week, another 5,000 tonnes of the same grade of steelmaking raw material changed hands at $253 per tonne cf...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week.Demand for copper in Europe is weak and economies are struggling to restart after coronavirus-related lockdowns, forcing c...Read More
The three-month price of lead on the London Metal Exchange continued its upward trajectory at the close of trading on Thursday June 25, closing more than 1% higher and topping gains across the base-metals complex.But a steady uptick in copper futures over the afternoon was not enough to breach nearby resistance.Lead's outright price on the LME closed at $1,786 per tonne on Thursday afternoon, near...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Thursday June 25. Key drivers: The most recent deal concluded on a fob Gladstone, Australia, basis at $261 per tonne for 30,000 tonnes with loading in the second half of July. A power outage at Hydro's Paragomias bauxite mine means production output at the Alunorte alumina refinery has been reduced to...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week.Demand for copper in Europe is weak and economies are struggling to restart after coronavirus-related lockdowns, forcing c...Read More