Turkish steel billet prices have increased sharply over the past week and pushed even higher on Thursday November 26, due to strong demand and rising imported scrap costs, sources told Fastmarkets.Steel mills in Turkey have been booking deep-sea scrap cargoes over the past week at increasing prices and growing demand for long steel products in the export market has also supported&nb...Read More

Turkish domestic long steel prices have continued to increase over the week to Thursday November 26 on the back of rising imported scrap costs. Turkish steel mills have been booking deep-sea scrap cargoes in the past week at increasing prices to fulfil growing demand for long steel products in the export markets. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Tu...Read More

Steel billet import prices have increased in Egypt over the week ending Thursday November 26, but demand was weak, sources have told Fastmarkets.Demand for steel rebar and billet has been slow in the country since a ban on construction activity was introduced on May 25.The rules of the ban were eased on September 29, but buying has remained...Read More

Markets were generally buoyant this morning, Thursday November 26, with more certainty on the horizon than of late, helped by US president-elect Joe Biden’s transition to the White House and with a rollout of the vaccines now insight, if things go according to plan.* Optimism pushes current economic and health problems to the background* UK Chancellor warns of biggest contraction in 300 years...Read More

Swedish state-owned iron-ore producer LKAB will undergo a transformation with a new company strategy to meet its goals for net-zero carbon emissions, and will invest heavily in its operations to achieve this, the company said on Monday November 23.LKAB's new strategy sets out the path the company will take to achieve net-zero carbon emissions from its own processes and products by 2045, and to sec...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Fastmarkets analysts were invited to present our outlook for the coking coal market at Coaltrans Asia, held online on November 23-25. One of the key topics at the event was the trade tensions between China and Australia, which overtook Mongolia to become the largest coking coal exporter to China this year...Read More

The Asian ferrous scrap market has been turning increasingly in sellers' favor and this has caused a price surge in Japan, market participants told Fastmarkets on Wednesday November 25.Japanese scrapyards have sold cargoes of H2-grade scrap at ?32,500-33,000 ($311-316) per tonne fob in the past week, with offers heard at ?32,500-33,000 per tonne fob.Vietnamese buyers had received offers at $345-...Read More

Bangladeshi ferrous scrap buyers are opting to purchase smaller quantities of containerized materials instead of bulk shipments to hedge against the sudden price increases in scrap markets in the week to Thursday November 26, sources told Fastmarkets. Finished steel product prices have not been able to absorb the sudden hikes in raw materials prices, and Bangladeshi steel mills have not been inter...Read More

Iron ore prices gained on Thursday November 26 on support from decreasing steel inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $128.39 per tonne, up $0.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $128.10 per tonne, up $0.41 per tonne58% Fe fines high-grade premium, cfr Qingdao: $120.67 per tonne, up $1.43 per tonne65% Fe Brazil-origin fines, cf...Read More

Seaborne premium hard coking coal prices in both the cfr and fob markets moved up on Thursday November 26, with trading in the fob market active while Chinese market participants expect the premium cfr price to go up further. Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.54 per tonne, up $0.04 per tonnePremium hard coking coal, cfr Jingtang: $164 per tonne, up $0.77 per tonneHard cok...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...Read More

The cobalt alloy 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...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday November 25. Key drivers  Traders reported difficulty finding available material in both Asia and Europe amid higher offers from producers and increasing freight costs.  Although demand continues to be limited in Europe, traders said it would be unprofitable...Read More

A summary of China's battery raw materials exports for October 2020.In brief  China's cobalt tetroxide exports continued to rise on a monthly basis due to a recovery of industrial activities in the countries outside China and major smartphone producers' ambition to develop models with fifth generation (5G) functionality. China's lithium carbonate exports registered a slight increase in O...Read More

A summary of China's battery raw materials imports for October 2020.In brief China's imports of cobalt metal set a new historical high in October, surpassing the August record of 1,130 tonnes. The higher imports in October compared with September is mainly due to new buying in August-September by speculative investors and traders who intended to lock in decent import profits from the Chinese dome...Read More

Fastmarkets proposes to change the publication day of its four China minor metals price assessments from Wednesday to Friday, 2-3pm London time. This proposed change will apply to the following price assessments:Antimony MMTA standard grade II, ddp China, yuan/tonne Gallium 99.99% Ga min, in-whs China, yuan/kg Germanium 99.999% Ge min, in-whs China, yuan/kg Indium 99.99%, exw China, yuan/kg T...Read More

A summary of China's minor metals exports for October 2020. In brief Chinese gallium suppliers preferred to sell cargoes in the domestic market where prices were more favorable compared with those abroad, resulting in an evident reduction in exports in October.Foreign buyers purchased greater amounts of...Read More

Key data from Fastmarkets' pricing session in China on Wednesday November 25. Key driversPrices halted their recent decline after many sellers held back from offering in the market upon noticing that futures prices on the Wuxi Stainless Steel Exchange were rising.The December indium contract on the Wuxi Stainless Steel Exchange closed at 1,160 yuan ($176) per kg on November 25, up...Read More

Domestic and export prices for Chinese stainless cold-rolled coil increased slightly in the week ended Wednesday November 25 on improved demand.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 13,200-14,300 yuan ($2,008-2,175) per tonne, narrowed upward by 100 yuan per tonne from a week earlier. Sellers kept prices steady from late last week until early this week after they...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsMicromine's global summit unpacks the future in mining softwareSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningBack-to-back presentations in late October by the two companies' chief executives portrayed notice...Read More