The federal court in Bel?(C)m, in the northern Brazilian state of Par??, has scheduled a second conciliatory hearing on April 12 to discuss the production embargo of Norsk Hydro's Alunorte alumina refinery. The first hearing took place on Thursday April 4, with Norsk Hydro and Brazil's federal prosecutors' office (MPF) producing information to the judge regarding the progress of the ongoing third-...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The London Metal Exchange has received an application to list grade-I cobalt cut cathodes produced by Norilsk, it specified in a note to members on Friday April 5.The application marks the first time a new brand has been listed since the LME opted to suspend brand listing fees for new cobalt brands on March 26, 2019. Produced in the Murmansk region in Siberia, Norilsk produces cobalt cathodes...Read More
Austenitic steel scrap prices in the UK and Europe increased in the week ended Friday April 5, with mills agreeing to increase what they will pay for the nickel component in the material, traders have told Fastmarkets.When mills purchase austenitic steel scrap, the nickel component of that scrap is priced as a percentage of the London Metal Exchange nickel price. While sources routinely decline to...Read More
Global steel scrap prices continued to move downward in the week ending Friday April 5, with the exception that prices in the US market remained unchanged on a lack of trading, and with prices in India bucking the downtrend by $0.07 per tonne. Turkish import prices drop by more than $10 per tonne week on week on political uncertainty Lack of fresh trading keeps US exports flat Good availability of...Read More
The price of shredded ferrous scrap imported into India was stable this week, with deals done at similar levels to the previous week, sources said on Friday April 5.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $334.45 per tonne cfr on April 5, little changed from $334.38 per tonne cfr on March 29.This week deals were heard for shredded done at $333 and $335...Read More
Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Friday April 5, while trading has been quiet due to a public holiday in China. Nickel and tin were both up by 0.2%, aluminium was down by 0.3% and the rest were either unchanged or either side of unchanged - with copper flat at $6,450 per tonne. Prices for the red metal are holding up relatively well i...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The London Metal Exchange has received an application to list grade-I cobalt cut cathodes produced by Norilsk, it specified in a note to members on Friday April 5.The application marks the first time a new brand has been listed since the LME opted to suspend brand listing fees for new cobalt brands on March 26, 2019. Produced in the Murmansk region in Siberia, Norilsk produces cobalt cathodes...Read More
Domestic prices of flat steel products in Brazil increased in April as producers have been pushing for a readjustment after prices of imported material soared in the first quarter of the year.Fastmarkets' monthly price assessment of Brazilian domestic hot-rolled coil was 2,560-2,610 Reais ($662-675) per tonne ex-works on Friday April 5, up from 2,425-2,470 Reais per tonne on March 1.The assessment...Read More
Indian mills have kept their domestic hot-rolled coil (HRC) prices stable for April sales while cheaper imported material continued to put pressure on domestic product, Fastmarkets heard on Friday April 5.Fastmarkets' assessment of the Indian domestic HRC price was 40,500-41,000 rupees ($586-594) per tonne ex-mill on Friday, the same as last week's assessment."We have tried to keep domestic HRC pr...Read More
Prices for coated-steel products in Turkey decreased in the seven days to Friday April 5, with demand weak in both the domestic and export markets.Demand was weak in March because of market uncertainty ahead of the mayoral elections held across the country on March 31, sources told Fastmarkets.Unofficially, the Justice & Development Party (AKP) - the party of national government - won the majority...Read More
Polish steelmakers were expected to increase their domestic offer prices for rebar, supported by strong demand in the construction industry, sources told Fastmarkets on Friday April 5.In the meantime, Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,220-2,290 zloty ($581-599) per tonne ex-works on April 5, compared with 2,220-2,320 zloty per tonne ex-works last wee...Read More
Austenitic steel scrap prices in the UK and Europe increased in the week ended Friday April 5, with mills agreeing to increase what they will pay for the nickel component in the material, traders have told Fastmarkets.When mills purchase austenitic steel scrap, the nickel component of that scrap is priced as a percentage of the London Metal Exchange nickel price. While sources routinely decline to...Read More
Global steel scrap prices continued to move downward in the week ending Friday April 5, with the exception that prices in the US market remained unchanged on a lack of trading, and with prices in India bucking the downtrend by $0.07 per tonne. Turkish import prices drop by more than $10 per tonne week on week on political uncertainty Lack of fresh trading keeps US exports flat Good availability of...Read More
The price of shredded ferrous scrap imported into India was stable this week, with deals done at similar levels to the previous week, sources said on Friday April 5.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $334.45 per tonne cfr on April 5, little changed from $334.38 per tonne cfr on March 29.This week deals were heard for shredded done at $333 and $335...Read More
European stainless steel mills were pushing for increases to the price of grade-304 cold-rolled (CR) sheet and were likely to be successful because of reduced competition from imported tonnages out of Asia, sources told Fastmarkets on Friday April 5.Mills were seeking price increases beyond those which were dictated by the higher monthly alloy surcharges for April.Grade-304 CR sheet surcharges for...Read More
Gerald Reichmann has been appointed the new chief executive officer of British Steel, the UK long steel producer said on Friday April 5.Reichmann joined British Steel in November 2017 as chief financial officer. He was previously the managing director at Austrian steelmaker Voestalpine's wire technology division.Reichmann also briefly served in the role of British Steel's deputy CEO from January 2...Read More
The Norwegian government has granted a mining concession for the Sydvaranger Iron Ore Project, paving the way for concentrates shipments to recommence in 2020.Owned by the Tschudi Group - a Norwegian shipping and logistics company - the Sydvaranger project consists of several high-grade magnetite iron deposits with indicated resources of 475 million tonnes and inferred resources of 43 mi...Read More
Domestic prices of flat steel products in Brazil increased in April as producers have been pushing for a readjustment after prices of imported material soared in the first quarter of the year.Fastmarkets' monthly price assessment of Brazilian domestic hot-rolled coil was 2,560-2,610 Reais ($662-675) per tonne ex-works on Friday April 5, up from 2,425-2,470 Reais per tonne on March 1.The assessment...Read More