Fastmarkets will publish its price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, on a daily basis from Monday February 3, 2020.Join members of Fastmarkets' editorial and pricing team for a discussion on the results from its recent consultation on cobalt pricing frequency, insights from Fastmarkets' pricing database and details on the practicalities of daily cobalt pricing. Cli...Read More
Fastmarkets will increase the frequency of its benchmark price assessments for standard and alloy-grade cobalt, in-whs Rotterdam, to daily from Monday February 3, 2020.From February 3, Fastmarkets will assess prices for the following two markets on a daily basis: Cobalt alloy grade, in-whs Rotterdam, $/lb Cobalt standard grade, in-whs Rotterdam, $/lb The decision to increase frequency follows an e...Read More
Belgian battery-materials manufacturer Umicore has completed its purchase of cobalt refining and cathode precursor activities in Kokkola, Finland, from Freeport Cobalt for $203 million. The purchase is on a debt and cash-free basis and includes about $50 million of net working capital. It is anticipated that the acquisition will be earnings accretive from 2020 and value accretive from 2021, Umicor...Read More
Here are five Fastmarkets MB stories you might have missed on Monday December 2 that are worth another look.United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2.A major Japanese steel mill plans to raise its hot-rolled coil offers to Asian buyers by $50 per tonne on a cfr b...Read More
Hot-rolled coil prices in the United States went up slightly on consistently and firmly higher offer prices at mills, but the market was largely unchanged compared with the short working week before the national Thanksgiving holiday, celebrated Thursday November 28.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $27.79 per hundredweight ($555.80 per short ton) on...Read More
Brazilian steelmaker Usiminas will increase domestic steel prices by an additional 5% in January 2020, following a previous notification of a 5% hike to be implemented in the fourth quarter this year.The company saw the opportunity to raise its flat-steel prices amid the unfavorable currency exchange for imports in the country and the current global uptrend, commercial vice president Miguel Homes...Read More
Singapore rebar import prices have risen in the past week on higher raw materials prices.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore, which mainly looks at cargoes sold into Singapore on a theoretical-weight basis, was at $430-440 per tonne in the week to Monday December 2, widening upwards by $5 per tonne.Offers for Qatari rebar were at $445-4...Read More
Northern China's rebar prices decreased on Monday December 2 on weakening demand, but those in eastern China held steady amid support from gains in the futures market. Eastern China (Shanghai): 4,010-4,040 yuan ($570-575) per tonne, unchangedNorthern China (Beijing): 3,760-3,790 yuan per tonne, down 20-30 yuan per tonne Average working hours at construction sites in northern areas o...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 continued to book deep-sea scrap for January shipment at steady prices, but at a slower pace, sources told Fastmarkets on Monday December 2.A steel mill in the Marmara region booked a US cargo late on Friday November 29, comprising 10,000 tonnes of HMS 1&2 (80:20) at $272 per tonne and 30,000 tonnes of shredded at $277 per tonne cfr.This was the first US deal since November...Read More
The 62% Fe iron ore market trended lower in November, with prices falling 5.5% month on month, while the 65% price fell 1% from October. Traded volumes in the 65% Fe derivatives contract on the Singapore Exchange, which is settled against Fastmarkets' daily 65% Fe iron ore index, were 2.27 million tonnes in November, the second-highest total since its launch in December 2018. Open interest on Nove...Read More
Domestic ship scrap prices in Turkey increased over the past week in line with rising imported scrap values, sources said on Monday December 2.One steel mill in the Izmir region raised its buy price for ship scrap by $10 per tonne to $275 per tonne delivered, while three fellow mills were buying the same material at $270 per tonne.Read More
Here are five Fastmarkets MB stories you might have missed on Monday December 2 that are worth another look.United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2.A major Japanese steel mill plans to raise its hot-rolled coil offers to Asian buyers by $50 per tonne on a cfr b...Read More
Slab prices in the CIS region continued to increase over the past week supported by the positive mood in finished flat steel products both inside the region and in some of the outlet customers' markets.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $380-385 per tonne on Monday December 2, up from $370-375 per tonne on Monday last week.In Turkey, offers of CIS-...Read More
United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2. "Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not good for our farmers. Therefore, effective immediately, I will restore the tariffs on all steel and aluminium that is ship...Read More
Brazilian steelmaker Usiminas will increase domestic steel prices by an additional 5% in January 2020, following a previous notification of a 5% hike to be implemented in the fourth quarter this year.The company saw the opportunity to raise its flat-steel prices amid the unfavorable currency exchange for imports in the country and the current global uptrend, commercial vice president Miguel Homes...Read More
The 62% Fe iron ore market trended lower in November, with prices falling 5.5% month on month, while the 65% price fell 1% from October. Traded volumes in the 65% Fe derivatives contract on the Singapore Exchange, which is settled against Fastmarkets' daily 65% Fe iron ore index, were 2.27 million tonnes in November, the second-highest total since its launch in December 2018. Open interest on Nove...Read More
United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2. "Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not good for our farmers. Therefore, effective immediately, I will restore the tariffs on all steel and aluminium that is ship...Read More
Here are five Fastmarkets MB stories you might have missed on Monday December 2 that are worth another look.United States President Donald Trump has imposed new tariffs on steel and aluminium imports from Brazil and Argentina, he said on social media platform Twitter on December 2.A major Japanese steel mill plans to raise its hot-rolled coil offers to Asian buyers by $50 per tonne on a cfr b...Read More
Hot-rolled coil prices in the United States went up slightly on consistently and firmly higher offer prices at mills, but the market was largely unchanged compared with the short working week before the national Thanksgiving holiday, celebrated Thursday November 28.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $27.79 per hundredweight ($555.80 per short ton) on...Read More