China's hot-rolled coil prices were largely stable on Monday June 22 amid low inventories.DomesticEastern China (Shanghai): 3,750-3,760 yuan ($530-532) per tonne, narrowing downward by 10 yuan per tonneTrading activity was moderate on Monday amid futures losses, but sellers were reluctant to cut their offer prices due to low inventories, according to a Shanghai-based trader.A second Shanghai-based...Read More
China's domestic rebar market was flat on Monday June 22 despite falling futures, with mills' high ex-works prices keeping it supported.Domestic Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedShagang, a major rebar producer in eastern China, rolled over its list price of 3,850 yuan per tonne for HRB400 F16-25mm rebar ordered during the June 21-30 period.This is 240-270 y...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...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...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday June 19. China Export price fell in line with concluded business at the low end of the price range. Overseas market remained sluggish due to foreign consumers putting...Read More
China's electrolytic manganese flake export price maintained its one-year low on Friday June 19 on lower offers from traders amid sluggish overseas demand, sources said.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, fob China was $1,430-1,500 per tonne on Friday June 19, unchanged from a week earlier. This is a new annual low since June 21, 2019, when the pr...Read More
China-based minor metals producer Vital Materials will restart the Xianxi bismuth products plant in Hunan province, owned by producer Hunan Jinwang Bismuth. The Xianxi plant, which was opened in November 2012, stopped production at the end of January 2019 and has been running under heat preservation only since. Before its closure, the plant produced 200-300 tonnes per month of bismuth. Owner Hunan...Read More
Markets underwent a knee-jerk downward reaction earlier this morning, Tuesday June 23, when it looked like the phase one trade deal between the United States and China was over, but markets snapped back once US President Donald Trump announced the deal was “fully intact”. The fact that a White House official said it was “over” only to retract that later suggests there have at l...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 33 points in pre-opening trade. Apple gained $5.63 to $364.50 after Deutsche Bank and UBS raised their target price on the stock. Nike advanced $2.09 to $101.60 after Susquehanna raised its target price from $100 to $130.Lowe's added $$1.34 to $136.06 after Instinet raised its target price from $130 to $146.Peloton gai...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
Brazil's steel use dropped by a quarter year on year in May, after Covid-19 restrictions led to a slump in both supplies and demand, the country's steel association, Instituto A??o Brasil, said this week.Apparent steel consumption in the country totaled 1.35 million tonnes in May, down by 24.8% year on year from 1.79 million tonnes in May 2019, the institute said on Thursday June 18.Flat-roll...Read More
Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.Pig iron production at Tata Steel IJmuiden in the Netherlands was stopped on June 19, while the plant's workers went on a 24-hour strike, sources told Fastmarkets.The London Metal Exchange has fined warehouse operator Istim ?30,000 ($37,120) for breaching clauses of its warehouse agreement, the e...Read More
The London Metal Exchange recently reiterated its willingness to facilitate spot trading of low carbon aluminium. While not a new concept for the exchange, it would serve two important purposes. First, it would provide more transparent, digitalized data on the specification of its aluminium brands and determine whether people are actually paying more for low carbon metal. Second, it would pro...Read More
Just over a year ago, US Section 232 tariffs against imports of aluminium from Canada were removed. Now there are calls to reintroduce them.The American Primary Aluminum Association (APAA), which represents US producers Century Aluminum and Magnitude 7, says that Canadian imports have "surged" since the tariffs were removed and are threatening the viability of the US primary aluminium industry.&nb...Read More
An expected shortfall in Brazilian supply of high-grade iron ore will likely result in 2020 becoming a boom year for Australian miners.While Brazilian miner Vale, a key producer of high-grade iron ore fines and pellets, is maintaining its production guidance despite a suspension of operations at its Itabira mining complex, many market participants in Asia are expecting a shortage of Brazil-origin...Read More