Key data from the pricing sessions in Asia and Europe in the week to Friday December 13. China Key drivers The price of antimony, MMTA standard grade II, ddp China recorded of a drop of 2.6% in the week ended December 13 after an increasing number of suppliers slashed offer prices further to promote sales and generate cash. Widespread pressure to generate cash by the end of the ye...Read More
Key data from the pricing sessions in New York, London and Shanghai for the week ended Friday December 13. United States Key drivers Monthly spot silicon price dropped again, following a brief plateau in November after 19 straight months of decline. Domestic producers' cuts are being felt, but cheaper imports of silicon metal to the US mean oversupply endures. Some sources see ri...Read More
Turkish steel producers began the week by booking deep-sea scrap for shipment in February, sources told Fastmarkets on Monday December 16.A steel mill in northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $299 per tonne cfr, 15,000 tonnes of shredded at $304 per tonne cfr and 3,500 tonnes of bonus at $310 per tonne cfr.A steel mill in the Izmir region booked a...Read More
Turkish steel producers continued to raise their domestic scrap purchase prices over the past week amid higher imported scrap values, sources said on Monday December 16.The price of scrap imported into Turkey has risen over the past week due to tightening supply and firm demand.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $296.06 per tonne...Read More
Broader markets are generally upbeat this morning, Monday December 16, helped by last week's partial United States-China trade deal and some positive economic data out of China.But the base metals are mixed and gold prices are up, which suggests there is still some concern about the terms of the trade deal.Chinese industrial production rose 6.2% in November, up from 4.7% previously while retail sa...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.To view the latest price assessments, follow the links below:Europe- Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V- Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5China- Ferro-vanadium 78% V min, fob China, $/kg V- Vanadium pentoxide 98% V2O5 m...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5%...Read More
The domestic price of hot-rolled coil in Northern Europe was largely stable on Monday December 16 although steelmakers continue to insist on higher prices, market sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe was calculated at ?,?431.88 ($480.14) per tonne on Monday compared with ?,?432.08 per tonne on Friday.The assessment is based on "...Read More
South American steel import prices continued to climb during the week ended Friday December 13, following the trend of global prices, as customers rushed to book February-shipment cargoes ahead of the holidays, sources said.Fastmarkets' latest price assessment for steel hot-rolled coil import, cfr main ports South America, was $500-515 per tonne on Friday December 13, a three-month high and up fro...Read More
Chinese products have become more competitive in the Asian hot-rolled coil market in recent weeks due to cargoes from other parts of the world being offered into the region at higher prices.Fastmarkets' assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $480-485 per tonne cfr Vietnam for the...Read More
China's finished steel output grew by 10.4% year-on-year in November as mills raised production in response to steel price gains, according to the National Bureau of Statistics.Finished steel production reached 104 million tonnes during the month, which was also up 1.34% from October.Market participants said that mills had been accelerating their production amid price surges.Hot-rolled coil prices...Read More
China's domestic rebar prices moved down slightly on Monday December 16 amid falling futures.Eastern China (Shanghai): 3,860-3,890 yuan ($553-558) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, down 20 yuan per tonneThe losses in the futures market led to a deterioration of sentiment in the spot market. In the northern region, end-user demand dropped sharply...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Turkish steel producers began the week by booking deep-sea scrap for shipment in February, sources told Fastmarkets on Monday December 16.A steel mill in northern Turkey booked a Baltic Sea cargo comprising 10,000 tonnes of HMS 1&2 (80:20) at $299 per tonne cfr, 15,000 tonnes of shredded at $304 per tonne cfr and 3,500 tonnes of bonus at $310 per tonne cfr.A steel mill in the Izmir region booked a...Read More
Turkish steel producers continued to raise their domestic scrap purchase prices over the past week amid higher imported scrap values, sources said on Monday December 16.The price of scrap imported into Turkey has risen over the past week due to tightening supply and firm demand.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $296.06 per tonne...Read More
Environmental, social and corporate governance (ESG) is no longer a niche concern in the natural resources sector.Corporate governance and community issues have typically dominated the sustainability and ethical criteria of mining companies and their investors. But more recently, the focus has shifted.Environmental factors, particularly decarbonization, have come to the fore amid increasingly stri...Read More
China's domestic rebar prices moved down slightly on Monday December 16 amid falling futures.Eastern China (Shanghai): 3,860-3,890 yuan ($553-558) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,550-3,570 yuan per tonne, down 20 yuan per tonneThe losses in the futures market led to a deterioration of sentiment in the spot market. In the northern region, end-user demand dropped sharply...Read More
Major steel billet prices around the world continued to strengthen last week with suppliers securing higher prices for their materials amid increasingly costlier ferrous scrap.Scrap prices in Turkey, the world's largest importer of the steelmaking raw material, breached the psychological $300-per-tonne level for the first time in five months last Friday December 13, though limited demand for Turki...Read More
Environmental, social and corporate governance (ESG) is no longer a niche concern in the natural resources sector.Corporate governance and community issues have typically dominated the sustainability and ethical criteria of mining companies and their investors. But more recently, the focus has shifted.Environmental factors, particularly decarbonization, have come to the fore amid increasingly stri...Read More
Chinese ferro-chrome producers cut their offers last week to generate cash, putting downward pressure on spot prices. Selling pressure weighs on Chinese spot domestic ferro-chrome marketCharge chrome, chrome ore prices flat in thin tradingEuropean ferro-chrome prices tick up on tight supplyUS market widens slightly lower in lackluster tradingThe Chinese spot domestic ferro-chrome price continued l...Read More