The downward pressure on flat-rolled steel import prices in South America persisted in the week ended Friday November 5, with buyers still cautious of ordering January-shipment cargoes while gauging future demand and overall pricing trends.More market participants expressed their fears during the week regarding an export duty being imposed on steel products from China from January 2022. They said...Read More
China's domestic rebar prices declined on Friday November 5, with market participants expecting the downward trend to continue amid weakening end-user demand.DomesticEastern China (Shanghai): 4,880-4,910 yuan ($762-767) per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, down by 360-370 yuan per tonneThe third round of land auctions is taking...Read More
The price of 18/8 (grade-304) stainless steel scrap in the United Kingdom domestic market decreased during the week to Friday November 5 on lower nickel costs, but the losses were capped by tight supply, sources told Fastmarkets.Indeed, in the European market, prices were largely unchanged, despite the lower nickel costs, because material is so tight.Fastmarkets assessed stainless steel scrap 18/8...Read More
Seaborne lithium prices continued to edge up in Asia on tight availability over the week to Thursday November 4, with momentum in China filtering through to the wider regional market.?EUR? Seaborne Asian battery-grade lithium hydroxide prices continued to make notable gains amid elevated offers.?EUR? Battery-grade lithium prices steady in China on strengthened optimism for LFP batteries.?EUR? Euro...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...Read More
Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) indices were largely stable this past week. More tonnages are available on tender for shipment next year, while smelters' buying has been relatively limited ahead of annual negotiations. For clean concentrate, a 90,000-tonne Cozamin tender for 2022 production was due to be awarded later on Friday November 5, with winning ter...Read More
Ferrous scrap prices in the global markets were unstable in the week ended Friday November 5 because deep-sea import prices in Turkey, the biggest scrap importer, fell earlier. But they rebounded toward the end of the week, while suppliers in the United States were able to resist the decline because of strong domestic demand. Turkish import prices rebounded late in the week Strong domestic demand...Read More
The Commonwealth of Independent States' (CIS) billet export price declined on Friday November 5 amid limited buying interest; most producers continued to hold back from trading.Trading activity remained limited in the Black Sea basin this week amid bearish sentiment.Softening scrap and long steel prices in Turkey, one of the key buyers of CIS billet, has made buyers cautious."The steel market is s...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was stable during the week to Friday November 5 on tight availability and steady dockside prices into export markets such as Turkey and the Indian subcontinent.With international scrap markets trading in United States dollars, the sterling/dollar exchange rate has a major effect on the UK's steel exports. Weaker sterling makes UK...Read More
Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.Among the drivers for lower prices, the CEO cited capacity usage in...Read More
Prices for shredded steel scrap imported into Pakistan and India dipped on Friday November 5 after trading slowed for both markets, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $557.89 per tonne on Friday, compared with $563.74 per tonne one week previous.Deals were heard at $552-562 per tonne in the reported...Read More
The downward pressure on flat-rolled steel import prices in South America persisted in the week ended Friday November 5, with buyers still cautious of ordering January-shipment cargoes while gauging future demand and overall pricing trends.More market participants expressed their fears during the week regarding an export duty being imposed on steel products from China from January 2022. They said...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...Read More
Some flat steel prices decreased in Turkey during the week ended Friday November 5; buyers were hesitant to book large tonnages because of the uncertainty, sources told Fastmarkets.Falling prices in China are behind the price drop; prices from the Commonwealth of Independent States have also decreased recently.Turkish flat steel producers accepted orders for January production during the week...Read More
United States-based lithium producer Livent has increased its revenue forecasts for October-December 2021 despite higher costs for energy and raw materials, it said on Thursday November 4.The company also noted the tight supply of lithium hydroxide and expected non-Chinese battery production to increase, according to its third-quarter financial results released on Thursday and a conference call on...Read More
Prices for steel scrap imported into Bangladesh were boosted this week by a strong domestic market in the South Asian country, sources told Fastmarkets on Friday November 5.Bangladesh's local shipbreaking scrap prices were heard this week at 53,500-54,700 taka ($613-627) per tonne ex-yard including VAT, which a leading Bangladeshi trader said was an all-time high.It surpassed the previous record h...Read More
China's domestic rebar prices declined on Friday November 5, with market participants expecting the downward trend to continue amid weakening end-user demand.DomesticEastern China (Shanghai): 4,880-4,910 yuan ($762-767) per tonne, down by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 4,780-4,820 yuan per tonne, down by 360-370 yuan per tonneThe third round of land auctions is taking...Read More
Base metals prices on the London Metal Exchange were down across the board at the 5pm close on Thursday November 4, with strength in the United States Dollar supporting price weakness across the complex.The US Dollar Index was most recently at $94.39 after hitting an intraday high of $94.47, the highest level since October 13, with base metals trading downward as a result. The three-month alu...Read More
Major companies in logistics and heavy industry have come together as part of an initiative launched by the World Economic Forum at the the 2021 United Nations Climate Change Conference - COP26 - in Glasgow to create a critical mass of demand for low carbon technologies aimed at decarbonising heavily polluting sectors.The First Movers Coalition, announced on November 4, is a partnership between th...Read More