European hot-rolled coil prices remained broadly stable on Thursday November 18 on limited trading, but sentiment for the first quarter of 2022 has turned cautiously optimistic, sources told Fastmarkets. Limited tonnages of December-rolling HRC are still available at lower prices, but for January next year mills are targeting higher levels to cover surging c...Read More
Japanese steel scrap export prices fell again in the week to Thursday November 18, after lower-priced deals to South Korea emerged, sources told Fastmarkets.A major South Korean mill purchased about 30,000 tonnes of Japanese steel scrap at bid prices that it had lodged earlier this week, sources told Fastmarkets on Thursday.On Wednesday, the mill bid at ?49,500 ($432) per tonne fob for H2 scrap,...Read More
Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.It is to collaborate on the research and development of fossil-free steel with automotive safety supplier Autoliv for use in products such as airbags and seatbelts, it said on November 15."We are looking forward to working...Read More
The removal of a safeguard duty on imports of steel billet into Egypt earlier this week has resulted in a revival of trading activity in the local market, with various sellers rushing to grasp the opportunity because of unfavorable situations in other areas.The Egyptian Ministry of Industry & Trade suspended the country's 10% safeguard duty on imported billet with effect from Monday November 15.Fo...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More
The infrastructure to recycle electric vehicle (EV) batteries is currently not optimized either to handle end-of-life battery capacity or to meet critical materials demands placed on the market with the ramping-up of electrification, according to US-based consultancy Lux Research.In a report issued on Thursday November 18, the consultancy said that, despite a flurry of activity in the past few yea...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More
The removal of a safeguard duty on imports of steel billet into Egypt earlier this week has resulted in a revival of trading activity in the local market, with various sellers rushing to grasp the opportunity because of unfavorable situations in other areas.The Egyptian Ministry of Industry & Trade suspended the country's 10% safeguard duty on imported billet with effect from Monday November 15.Fo...Read More
Passenger car sales in the EU declined month-on-month in October 2021 due to the continuing global shortage of semiconductors for use in onboard electronics, making it the fourth consecutive month to show a double-digit percentage decrease.In October, EU passenger car sales decreased by 30.26% year-on-year to 665,001 units, the lowest October volume since 1995, the European Automotive Manufacturer...Read More
Turkish steel producers have resumed their deep-sea scrap import bookings with a single cargo deal, sources told Fastmarkets on Thursday November 18.A steel mill in the Marmara region booked a United Kingdom cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $488 per tonne and 5,000 tonnes of shredded at $507 per tonne cfr.The previous...Read More
Domestic prices for cold-rolled coil in Southern Europe moved down in the week to Wednesday November 17 due to limited trading activity and competitive import offers, sources told Fastmarkets.In the meantime, domestic prices in the north of Europe have been fairly stable despite a similar lack of demand.Both Southern and Northern European spot buyers have been avoiding booking significant volumes...Read More
The logistics of a cluster of copper mines in western Canada have been disrupted by extreme weather conditions in the province of British Columbia (BC) this week, Fastmarkets has learnt."All transportation routes, rails and highways, to the interior of the province are closed due to washouts and [land]slides," one Canadian miner source said on Thursday November 18.The province declared a state of...Read More
Chinese nickel sulfate producers face difficult annual contract negotiations for 2022, with upstream miners taking an aggressive stance while downstream battery precursor material producers are hinting at lower demand amid plans to implement integrated operations.The Chinese nickel sulfate price has undergone considerable volatility in 2021, climbing in August to its highest since Fastmarkets bega...Read More
Domestic prices for cold-rolled coil in Southern Europe moved down in the week to Wednesday November 17 due to limited trading activity and competitive import offers, sources told Fastmarkets.In the meantime, domestic prices in the north of Europe have been fairly stable despite a similar lack of demand.Both Southern and Northern European spot buyers have been avoiding booking significant volumes...Read More
Fastmarkets has summarized mining-related policy proposals for the key candidates ahead of Chile's presidential election as presented on their political programs, with the population of the world's biggest copper producing country set to cast their vote on Sunday November 21.What is at stake? Chile produced a third of the world's copper in 2020, in the form of concentrates, anodes and cathode...Read More
Italian domestic steel scrap prices increased in the month to Tuesday November 16, supported by a combination of reduced supply and strong demand, sources have told Fastmarkets.Month-on-month comparison prices have recovered by about ?,?10 ($11) per tonne. But market sources said that, taking into account that scrap prices dropped in the second half of October, the recovery since the start of Nove...Read More
A summary of London Metal Exchange warrant premiums for the week to Wednesday November 17.Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
Chinese metals production and processing group Daye Nonferrous will postpone the start of operations at its new double-flash copper smelter for six months because of a lack of essential buiding components that have been sourced from overseas, Fastmarkets has learnt.The 400,000 tonnes per year project in Huangshi, close to Wuhan, was scheduled to come online by the end of this year, but commissioni...Read More