Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarke...Read More
The Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao crossed the $95-per-tonne mark for the first time since October 25 on Thursday November 14.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.42 per tonne, up $2.39 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.45 per tonne, up $2.39 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.92 per tonne, up...Read More
Steel billet import and export prices in Turkey have increased slightly over the past week, in line with improving demand. But domestic prices have remained fairly stable, sources said on Thursday November 14.Suppliers in the Commonwealth of Independent States (CIS) region kept their offers firm, with some of them managing to secure several deals to North Africa at higher prices earlier this week....Read More
Prices for steel rebar and billet in Egypt rose in the week ended Thursday November 14, stimulating demand as buyers looked to avoid being caught by any further increases, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,600-10,370 ($594-641) per tonne ex-works including 14% VAT, up from last week's E ?9,600-9,900 per tonne ex-works including VAT.Some Egyptian rebar pr...Read More
Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarke...Read More
While the ferro-alloys industry prepares to gather in Budapest for the annual International Ferro-alloys conference on November 17-19, Fastmarkets looks at the key price moves since last year's conference. An overall bearish mood has prevailed in most of the ferro-alloys and related markets for most of the year amid oversupply and weakening demand. Some prices are now trading at multi-year lows in...Read More
Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarke...Read More
Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarke...Read More
Brazilian apparent steel use is showing signs of recovery and will increase significantlyfrom next year, ArcelorMittal Long Carbon Latin America chief executive officer Jefferson de Paula said this week. Brazil's steel consumption reached an all-time high of 28.02 million tonnes in 2013, according to the national steel association, Instituto A??o Brasil, De Paula told delegates at the La...Read More
The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Thursday November 14, closing at its lowest level since late-October, while zinc's outright price similarly fell to its lowest level in just over a month.Aluminium's outright price on the LME closed at $1,742 per tonne on Thursday afternoon, its lowest closing price since October 28, although turnover...Read More
The fob Australia price for alumina has hovered around the $280 per tonne mark in relatively liquid trading over the week ended Thursday November 14.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $281.10 per tonne on Thursday, up from $279.72 per tonne on the previous day.Key drivers Market participants heard of several deals throughout the week, for a combined total o...Read More
Turkish steel producers have continued to book scrap shipments for December deliveries at prices remaining largely stable, sources said on Thursday November 14.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 12,000 tonnes of shredded at $265 per tonne and 3,000 tonnes of plate and structural scrap (P&S) at $270 per tonne cfr late...Read More
Key data from the Wednesday November 13 pricing sessions in Shanghai and London. Key drivers China's cobalt sulfate price dropped by 6% from last Friday when weak demand forced suppliers to cut offers to encourage sales and facilitate cashflow in the run-up to year-end.The cobalt tetroxide price is under...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday November 14 that are worth another look.China's annual scrap consumption could reach 330 million tonnes by 2030 and account for up to half of the country's steel output, according to the China Association of Metal Scrap Utilization (Camu).Copper miners and smelters look set to agree the lowest annual benchmark for concentrate i...Read More
The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Thursday November 14, closing at its lowest level since late-October, while zinc's outright price similarly fell to its lowest level in just over a month.Aluminium's outright price on the LME closed at $1,742 per tonne on Thursday afternoon, its lowest closing price since October 28, although turnover...Read More
The fob Australia price for alumina has hovered around the $280 per tonne mark in relatively liquid trading over the week ended Thursday November 14.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $281.10 per tonne on Thursday, up from $279.72 per tonne on the previous day.Key drivers Market participants heard of several deals throughout the week, for a combined total o...Read More
An informal suspension of coal imports at ports in the eastern Chinese province of Jiangsu province and some parts of southern China has raised uncertainties in the seaborne coking coal market, though the country's downstream steel market strengthened on Thursday November 14.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.53 per tonne, down $0.88 per tonnePremium hard coking coal, cfr...Read More
Argentina's steel consumption is likely to be little changed from this year's level in 2020 and recover only in 2021, according to a preliminary forecast by Ternium Argentina.Next year is expected to be a period of transition due to the change of government in the country, Ternium Argentina general director Mart?-n Berardi said on Wednesday November 13 during the 60th Latin American Steel Congress...Read More
Support for steel plate prices in Asia was likely to continue in 2020 because of the environmental restrictions imposed by the Chinese government on steelmaking during the coming winter, a source at a leading Japanese steel mill told Fastmarkets this week."Reduced supply in winter, when Chinese producers cut back their output, means that prices are likely to move up from now on," the source said.C...Read More
Here are five Fastmarkets MB stories you might have missed on Thursday November 14 that are worth another look.China's annual scrap consumption could reach 330 million tonnes by 2030 and account for up to half of the country's steel output, according to the China Association of Metal Scrap Utilization (Camu).Copper miners and smelters look set to agree the lowest annual benchmark for concentrate i...Read More