The price of steel H-beams in Europe remained stable on Wednesday October 27 amid improving demand linked to better sentiment, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams domestic, delivered northern Europe was ?,?1,010-1,030 ($1,172-1,195) per tonne on Wednesday, unchanged week on week."We are seeing sentiment starting to turn and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More
The low-carbon ferro-chrome market in Europe leapt over the two weeks to Tuesday October 26 to a multi-year high due to extremely tight availability, with some sellers not offering on the spot market and consumers scrambling to find material.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe was $3.43-3.75 per lb Cr on October 26, up by 38-50 cents (13.97%)...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 27.Please click...Read More
Consolidating its position in the battery materials supply chain amid fierce competition is the biggest challenge facing Greatpower Nickel & Cobalt Materials Co, company president Dongqiang Cao told Fastmarkets in an interview.Previously, attracting investment and improving the ability to provide finance had proved to be a bottleneck in the early stages of Greatpower's development, when it expande...Read More
Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Wednesday October 27, following a further drop in coal prices and widespread selling."Today's news that [China's] National Development & Reform Commission has set the price of thermal and coking coal at levels [that will reduce] key input prices for energy-intensive metals - pertinent to alumi...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 27.Please click...Read More
A summary of production results and earnings figures for Southern Copper Corp (SCC) in the third quarter of 2021, as stated in the company's latest quarterly report released on Tuesday October 26.In brief Lower copper grades and recovery rates at open-pit mines offset a significant 10% output increase reported at SCC's Cuajone mine in the Peruvian Andes region, resulting in an overall slight produ...Read More
From Wednesday December 1, Fastmarkets will publish its seaborne Asia battery-grade lithium carbonate and hydroxide assessments on a daily basis. Fastmarkets had proposed in July to increase the pricing frequency for the two battery-grade lithium prices - assessed on a cif China, Japan and South Korea basis - to daily from weekly. This proposal had originally stated that the consultation period fo...Read More
Consolidating its position in the battery materials supply chain amid fierce competition is the biggest challenge facing Greatpower Nickel & Cobalt Materials Co, company president Dongqiang Cao told Fastmarkets in an interview.Previously, attracting investment and improving the ability to provide finance had proved to be a bottleneck in the early stages of Greatpower's development, when it expande...Read More
Labor shortages across the global scrap industry pose the biggest threat to growth, according to a panel discussion at the Bureau of International Recycling (BIR) conference in Brussels on Tuesday October 26."We are having tremendous difficulties in hiring employees as we grow," George Adams, president of SA Recycling said as part of the discussion."There is going to be a massive shortage of scrap...Read More
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More
Aluminium producer Rusal's sales dipped by nearly 12% quarter-on-quarter to 915,000 tonnes in July-September 2021, according to its latest statement of operating results."Aluminium sales dynamics can largely be explained by an increase of goods in transit that are recognized as inventory, which was caused - among other factors - by transport capacity restrictions in supply chains globally," the co...Read More
Guidance for China to achieve its carbon emissions peak by 2030 and carbon neutrality by 2060 was jointly released by the Central Committee of the Communist Party of China and the State Council on Sunday October 24.The guidance specifies that by the year 2025, China's energy consumption per unit of gross domestic product will be reduced by 13.5% from 2020 levels, carbon dioxide (CO2) emissions per...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More
Aluminium producer Rusal's sales dipped by nearly 12% quarter-on-quarter to 915,000 tonnes in July-September 2021, according to its latest statement of operating results."Aluminium sales dynamics can largely be explained by an increase of goods in transit that are recognized as inventory, which was caused - among other factors - by transport capacity restrictions in supply chains globally," the co...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
Prices for aluminium P1020A cargoes offered into China have come down from multi-year highs because of a marked decline in demand, an uncertain near-term outlook and the closure of the London-Shanghai arbitrage window, Fastmarkets heard on Wednesday October 27.Fastmarkets' latest monthly assessment of the aluminium P1020A premium, cif Shanghai, was $130-140 per tonne on Tuesday, down from a six-ye...Read More
Domestic steel reinforcing bar prices in the United States were sideways on Wednesday October 27, but import tags went up for the first time in nearly two months.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on October 27, unchanged since August 11 at its highest level since late 2008. This marks the 11th week of that the a...Read More