Glencore has cut its production guidance for cobalt in 2020 to 25,000-33,000 tonnes, down by about a third from 2019's 41,000-45,000 tonnes, the Swiss miner-trader said this week.In an investor presentation on Tuesday December 3, the company said that for 2021 and 2022 it expects to produce 28,000-36,000 tonnes of cobalt. It said the decline in production was mainly a...Read More
Turkish steel producers skipped the day with no deep-sea bookings, while prices remained unchanged on tight supply, sources said on Thursday December 5.There were rumors of a UK or European cargo being sold at $282 per tonne cfr for HMS 1&2 (80:20), but market participants said the deal had not been closed."Suppliers have already...Read More
Prices in Southeast Asia's steel billet market gained during the week to Thursday December 5 amid concerns over a potential supply deficit after a Russian steelmaker halted production. Sources told Fastmarkets that the Russian mill was facing difficulty in obtaining financing for raw materials due to a government probe into the company. A total of 100,000 tonnes of February-shipment billet from th...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lithi...Read More
Glencore has cut its production guidance for cobalt in 2020 to 25,000-33,000 tonnes, down by about a third from 2019's 41,000-45,000 tonnes, the Swiss miner-trader said this week.In an investor presentation on Tuesday December 3, the company said that for 2021 and 2022 it expects to produce 28,000-36,000 tonnes of cobalt. It said the decline in production was mainly a...Read More
Hot-rolled coil prices in the United States continued to edge upward on higher mill offers, limited spot activity and increased scrap costs.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.08 per hundredweight ($561.60 per short ton) on Thursday December 5, up by 0.5% from $27.93 per cwt on December 4.US HRC prices have not been calculated above $28 per cwt si...Read More
Expectations for a recovery in Brazilian steel demand this year have been postponed to 2020 since the economy did not grow as previously forecast, national steel institute A??o Brasil said on Thursday December 5.The institute forecast apparent steel consumption at 21.78 million tonnes next year, a 5.2% increase from the 20.71 million tonnes expected in 2019. This year's outlook was cut f...Read More
Northern European steelmakers are expected to achieve increased domestic transaction prices in December, partially reflecting higher offers, sources told Fastmarkets on Thursday December 5.Fastmarkets' steel hot-rolled coil index domestic, exw Northern Europe, was ?,?431.63 ($479.15) per tonne on December 5.The assessment is based on "workable" prices reported by market sources at ?,?425-430 per t...Read More
Expectations for a recovery in Brazilian steel demand this year have been postponed to 2020 since the economy did not grow as previously forecast, national steel institute A??o Brasil said on Thursday December 5.The institute forecast apparent steel consumption at 21.78 million tonnes next year, a 5.2% increase from the 20.71 million tonnes expected in 2019. This year's outlook was cut f...Read More
Large regional construction projects will remain the main driver of steel demand in the Middle East in the medium term, steel sector professionals told Fastmarkets in a survey ahead of the 23nd Middle East Iron & Steel Conference in Dubai later this month.Infrastructure construction in Qatar for the 2022 Football World Cup and in the United Arab Emirates related to the Dubai Expo 2020 exhibition i...Read More
Domestic long steel prices in Turkey continued to increase over the past week in line with the rising imported scrap values, sources said on Thursday December 5.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey, was 2,920-2,950 Turkish lira ($508-514) per tonne, including 18% VAT, on Thursday up from last week's 2,840-2,880 lira per tonne.Mills in the...Read More
Large regional construction projects will remain the main driver of steel demand in the Middle East in the medium term, steel sector professionals told Fastmarkets in a survey ahead of the 23nd Middle East Iron & Steel Conference in Dubai later this month.Infrastructure construction in Qatar for the 2022 Football World Cup and in the United Arab Emirates related to the Dubai Expo 2020 exhibition i...Read More
Turkish steel producers skipped the day with no deep-sea bookings, while prices remained unchanged on tight supply, sources said on Thursday December 5.There were rumors of a UK or European cargo being sold at $282 per tonne cfr for HMS 1&2 (80:20), but market participants said the deal had not been closed."Suppliers have already...Read More
The seaborne iron ore prices have stayed rangebound on Thursday December 5, while demand for iron ore lump has started to improve.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.65 per tonne, down $0.41 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $87.74 per tonne, down $0.41 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.25 per tonne, down $0.38 per tonne.58%...Read More
Northern European steelmakers are expected to achieve increased domestic transaction prices in December, partially reflecting higher offers, sources told Fastmarkets on Thursday December 5.Fastmarkets' steel hot-rolled coil index domestic, exw Northern Europe, was ?,?431.63 ($479.15) per tonne on December 5.The assessment is based on "workable" prices reported by market sources at ?,?425-430 per t...Read More
Large regional construction projects will remain the main driver of steel demand in the Middle East in the medium term, steel sector professionals told Fastmarkets in a survey ahead of the 23nd Middle East Iron & Steel Conference in Dubai later this month.Infrastructure construction in Qatar for the 2022 Football World Cup and in the United Arab Emirates related to the Dubai Expo 2020 exhibition i...Read More
Prices for steel billet in Egypt continued to rise in the week to Thursday December 5, despite only moderate demand for rebar from the construction sector, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?10,000-10,750 ($619-665) per tonne ex-works including 14% VAT, sources said, up from last week's E ?10,000-10,500 per tonne ex-works including VAT. ...Read More
With competition in the global steel markets still fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in November 2019.1. US: stainless pressure pipe from China, Malaysia, Thailand and VietnamRead More
Chinese stainless steel prices in both the domestic and export markets fell over the past week amid bearish sentiment stemming from the high inventories held at a major mill in eastern China.DomesticFastmarkets' weekly price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,400-15,000 yuan ($2,040-2,125) per tonne incl...Read More
With competition in the global steel markets still fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in November 2019.1. US: stainless pressure pipe from China, Malaysia, Thailand and VietnamRead More