Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Australian miner AVZ Minerals Limited has signed a transaction implementation agreement with China's Suzhou CATH Energy Technologies to jointly develop the Manono Lithium and Tin Project in the Democratic Republic of Congo (DRC), the Australian miner said on Monday September 27.CATH is a private investment entity jointly owned by Contemporary Amperex Technology (CATL) and Shenzhen-listed Suzhou TA...Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.Higher oil prices are adding to inflationary concerns......US 10-year treasuries yields rise to levels not seen since JulyBase metalsThree-month base metals prices on the LME were mainly weaker this morning, with the exc...Read More
Silicon prices hit their highest-ever prices worldwide in the week to Friday September 24 on reduced supply, especially out of China - the biggest global supplier - where a power shortage is limiting production of all metals.Chinese silicon prices shot up by 65.2% in the week to Friday, following a 47% increase the week before. In the United States, silicon metal gained 12.3% in the week to Thursd...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
For aluminium market participants globally, the global energy shortage is one of the many shortages producers of the light metal are facing.Market participants say the energy crunch, caused by a lack of incentive to produce additional supply when energy prices hit lows in 2020, will particularly be felt by producers who have large exposures to the spot energy markets, although many say that most s...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Swiss trading firm SiderAlloys has hired Matteo Chareun this month as manager of its commercial division, Chareun told Fastmarkets.Prior to this role, Chareun spent seven years as commercial division manager at Swiss trading house Euromet SA, a position in which he...Read More
The latest data for the global manganese ore market for the week ended September 27, 2021.Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
Fastmarkets proposes changes to the name and specifications of its UG2 chrome ore price index.Fastmarkets proposes to change the specification for its chrome ore South Africa UG2 concentrates index basis 42%, cif China to include MG material and to amend some qualities, including to clarify a base chrome iron ratio and to implement a normalization process to meet this base level. Fastmarkets...Read More
China's domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.DomesticEastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and pric...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Rebar import prices in Singapore fell in the past week amid a surge in Covid-19 infections and volatile iron ore prices.Rebar offers from Turkey were made at $730-735 per tonne cfr Singapore during the week. Other Middle Eastern mills offered cargoes at $750-760 per tonne cfr Singapore."Rebar producers are not willing to sell below $730 per tonne cfr Singapore too much because the price spread [be...Read More
Export rebar and wire rod prices from the Commonwealth of Independent States continued to slide at the end of September amid a lack of trading and competition with Turkish suppliers, sources told Fastmarkets.Rebar offers, which were coming mainly from Ukraine, were varying within the range of $690-710 per tonne fob Black Sea in the week to Monday September 27, against $710-720 per tonne fob a week...Read More
European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
Export slab prices from the Commonwealth of Independent States (CIS) region continued to fall toward the end of September. Mills had to make significant concessions to conclude deals in major export outlets due to the continuous weakening of finished flat-steel prices there.Fastmarkets' price assessment for steel domestic plate 8-40mm, exw Southern Europe was ?,?880-900 ($1,031-1,055) per ton...Read More