A Polish subsidiary of US steelmaker Commercial Metals Company (CMC) is likely to commission a new wire rod mill in the second quarter 2021, several sources told Fastmarkets on April 23.Sources that spoke to Fastmarkets expect CMC's long products facility in Zawiercie, Poland to commission a new 200,000-tonne-per-year capacity wire rod facility during the second quarter of 2021."CMC Zawierice will...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening comments. American Express dropped $4.84 to $142.32 after reporting lower than consensus first quarter revenues. Intel dropped $1.10 to $61.47 after reporting higher than consensus first quarter earnings, but less than consensus first quarter revenues. The company also released lower than consen...Read More

The pig iron import market in the United States increased further during the week to Friday April 23 amid strong demand.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $575-585 per tonne on Friday, up by $5 per tonne from $570-580 per...Read More

The red flag came down on Wall Street today... and the green flag went running up the pole.Stocks had run negative the past two sessions, jittered by surging COVID cases globally.But today, recovery is back on its legs - evidently.The Dow Jones leapt 316 points. The S&P jumped 38, the Nasdaq 164.The 10-year Treasury yield rose by the merest fraction, to 1.56%… still markedly off its late...Read More

The range for British domestic prices for grade-5C steel scrap widened in the week ended Friday April 23 on firm demand both at home and in export outlet regions, sources have told Fastmarkets.The demand for light iron scrap came from major scrap processors in the country, a steady rate of exports to key destinations such as Turkey and the Indian subcontinent, and short sea sales into Europe, they...Read More

Prices for shredded steel scrap imported into the South Asia region inched downward on Friday April 23, with the rise in new cases of coronavirus infection bringing trading to a halt in India, and material being redirected to Pakistan, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $456.50 per tonne on Friday, compared with...Read More

Pig iron export prices from the Commonwealth of Independent States went up again during the week to Thursday April 22 in new sales to Italy and Turkey, but once again no spot sales were reported to the United States.Fastmarkets' price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $550-558 per tonne on Thursday, up from $535-550 per tonne one week earlier.A sale...Read More

Deliverable stocks of base metals in Shanghai Futures Exchange-registered warehouses all declined in the week to Friday April 23, due to consumers trucking their cargoes out before the Labour Day holiday in China, sources said.SHFE nickel stocks totaled 8,560 tonnes this week, down by 994 tonnes or 10.4% from 9,554 tonnes last Friday, data shows.The largest outflow of nickel this week left Zhongch...Read More

Iron ore prices increased on Friday April 23 on support from better liquidity in the seaborne market, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $186.25 per tonne, up $2.63 per tonne62% Fe low-alumina fines, cfr Qingdao: $187.51 per tonne, up $2.13 per tonne58% Fe fines high-grade premium, cfr Qingdao: $162.88 per tonne, up $3.50 per tonne65% Fe Brazil-origin fines, cfr Q...Read More

A lower United States dollar index propelled aluminium's price to new highs during morning trading on the London Metal Exchange on Friday April 23, while copper continued its climb higher and other metals remained within their recent ranges.Aluminium's three-month price reached $2,389 per tonne during early trading on Friday. The light metal opened at $2,386 per tonne, $23 per tonne higher than Th...Read More

The base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday April 23, as were the wider markets while US President Joe Biden prepares to announce his plans on tax.Markets awaiting direction from purchasing managers' index (PMI) dataBase metalsLME three-month base metals prices were mixed, but on average were up by 0.4% this morning, with le...Read More

LME aluminium's three-month price surpassed its May 2018 high in intraday trading on Thursday April 22, with lead's price up by 1.3%, while nickel and copper retreated from their Wednesday prices at the close.Aluminium's price reached $2,375 per tonne on Thursday, taking out the May 2018 high of $2,374.50 per tonne to stand at a level last seen in April 2018, when the metal's highest intraday pric...Read More

Key data from pricing session in London on Friday April 23. Key data from pricing session in London on Friday April 23.Key drivers:  Aggressive offers below $21 per lb seen in the market, although deals at higher levels are...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade 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 assessed Cobalt standard...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 assessed...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade 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 assessed Cobalt hydroxide p...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade 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 assessed Cobalt sulfate 20.5% Co...Read More

European ferro-titanium producers are increasingly looking for feedstock alternatives, such as vacuum scrap, to tackle weaker alloy bid prices from consumers in the steel sector. Some producers have been switching more of their intake of smelting feed to make alloy, using higher quality vacuum scrap, after turnings prices jumped by almost 65% since the start of the year. Turnings scrap has been in...Read More