The Turkish steel mills continued to hold back from deep-sea scrap purchases on Monday February 3, expecting lower prices to emerge, sources told Fastmarkets.The daily scrap indices went down by almost $10 per tonne on January 29, when a US cargo was heard sold at $275 per tonne cfr for HMS 1&2 (90:10).That was the sole cargo sold last week, with mills seeking even lower prices because they were s...Read More
Domestic auto bundle scrap prices in the Turkish market have weakened further, although slightly, over the past week in response to the fall in imported scrap values, sources said on Monday February 3.Turkish deep-sea scrap import prices have declined by around $10 per tonne, after a deal heard on January 29 for a United States cargo containing 30,000 tonnes of HMS 1&2 (90:10) at $275 per tonne cf...Read More
Global scrap prices fell last week due to weak downstream demand and market jitters following the outbreak of the Wuhan coronavirus in China. Turkish import prices slide on weak downstream demandUnited States' ferrous scrap export prices tumble in latest dealsTaiwan import prices dip on virus jittersIndian import prices dip in line with international pricesTurkeyTurkish imported ferrous scrap pric...Read More
While markets in China catch up after more than a week of holiday, most base metals prices on the London Metal Exchange are rebounding because China's sell-off has not been as severe as feared.China's CSI 300 was down by 7.7%, while pre-market Dow Jones Futures are indicated up by 0.6%.SHFE copper price falls 7%, which was limit down, but were recently quoted off by 6.5%, suggesting some buying ha...Read More
Cobalt prices held on to their recent gains on Monday February 3, finding support because of the limited supplies of readily available material.Fastmarkets' inaugural daily price assessments on February 3 for cobalt standard grade, in-whs Rotterdam, and cobalt alloy grade, in-whs Rotterdam, were unchanged at $16.50-16.90 per lb and $17.40-17.80 per lb respectively. The previous assessments were on...Read More
Fastmarkets MB today launched daily publication for its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam. Folllowing a consultation period in 2019, Fastmarkets has launched daily price assessments for cobalt standard grade, in-whs Rotterdam, $/lb and cobalt alloy grade, in whs Rotterdam $/lb. The increase in frequency is intended to provide greater transparenc...Read More
Sigma Lithium Resources is scheduled to begin construction of its "green" open-pit mine and lithium concentrator at the Xuxa deposit in Brazil's southeastern state of Minas Gerais in June.The facility, which will have an initial lithium concentrate capacity of 220,000 tonnes per year, will start producing battery-grade, 6%-lithium spodumene concentrate from June 2021. Capacity will then be ramped...Read More
Hot-rolled coil prices in the United States have remained broadly stable despite increasing market jitters about downside risks from lower raw material costs and the potential fallout from the Wuhan coronavirus outbreak in China.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.75 per hundredweight ($595 per short ton) on Monday February 3, nearly unchange...Read More
Domestic prices for hot-rolled coil in Northern Europe increased again on Monday February 3 due to mills' good order books and a lack of competitive imports, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?479.66 ($531.95) per tonne on Monday, up by ?,?5.64 per tonne day on day from ?,?474.02 per tonne on January 31.The index...Read More
Brazilian slab export prices increased in the week ended Friday January 31 amid recent deals, but there was growing uncertainty in the market for February bookings.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil rose to $460-475 per tonne on January 31 from $430-450 per tonne a week earlier.Deals for March-shipment Brazilian slab to the United States occu...Read More
Here are five Fastmarkets MB stories you might have missed on Monday February 3 that are worth another look. The sell-off of Chinese steel futures this morning is a sign that "worse is to come" for global steel prices, market sources told Fastmarkets on February 3.Canadian copper producer Taseko has decided to take action to protect itself against the tumbling London Metal Exchange copper pri...Read More
Competition in the global steel markets remains fierce and here Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in January 2020.1. Turkey: rebar, pig iron, cold-rolled coil2. China: copper, aluminium and ferrous scrap3. Morocco: HRC from Turkey4....Read More
View the Fastmarkets holiday pricing schedule for 2020 and 2021. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2020 and 2021.The 2020 calendar has been updated to include the extended Lunar New Year holiday in China, which affected certain prices. See the following pricing notices for...Read More
The Turkish steel mills continued to hold back from deep-sea scrap purchases on Monday February 3, expecting lower prices to emerge, sources told Fastmarkets.The daily scrap indices went down by almost $10 per tonne on January 29, when a US cargo was heard sold at $275 per tonne cfr for HMS 1&2 (90:10).That was the sole cargo sold last week, with mills seeking even lower prices because they were s...Read More
Domestic auto bundle scrap prices in the Turkish market have weakened further, although slightly, over the past week in response to the fall in imported scrap values, sources said on Monday February 3.Turkish deep-sea scrap import prices have declined by around $10 per tonne, after a deal heard on January 29 for a United States cargo containing 30,000 tonnes of HMS 1&2 (90:10) at $275 per tonne cf...Read More
View the Fastmarkets holiday pricing schedule for 2020 and 2021. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2020 and 2021.The 2020 calendar has been updated to include the extended Lunar New Year holiday in China, which affected certain prices. See the following pricing notices for...Read More
Brazilian slab export prices increased in the week ended Friday January 31 amid recent deals, but there was growing uncertainty in the market for February bookings.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil rose to $460-475 per tonne on January 31 from $430-450 per tonne a week earlier.Deals for March-shipment Brazilian slab to the United States occu...Read More
Recent bookings of CIS-origin billet by customers in North Africa and by traders have helped to slow the downward trend seen in pricing in the week ended January 31.Nevertheless, market sentiment remained negative amid falling international prices for ferrous scrap as well as low demand for finished long steel products.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $393 per...Read More
View the Fastmarkets holiday pricing schedule for 2020 and 2021. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2020 and 2021.The 2020 calendar has been updated to include the extended Lunar New Year holiday in China, which affected certain prices. See the following pricing notices for...Read More
The high-carbon ferro-chrome price in Europe rose at the top of the range on Friday January 31 following a bigger increase the week before. Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe price widened upward by 2 cents to $0.82-0.92 per lb on Friday. The market had risen by 5 cents in the previous week in response to increased demand from c...Read More