Chinese cobalt tetroxide prices moved up on improved demand from downstream consumers in the first half of this week, with most producers raising their offers, sources told Fastmarkets on Wednesday September 8.Fastmarkets' price assessment for cobalt tetroxide 72.6% Co min, delivered China narrowed up to 275,000-285,000 yuan ($42,568-44,116) per tonne on September 8, from 270,000-285,000 yuan per...Read More

If you invest in oil, here's a noteworthy observation...After Hurricane Katrina hit in 2005, energy investors were obsessed with the loss of oil output.It was a very big deal. After all, within the 10 days following Katrina, more than 5.3 million barrels of crude were lost. That's not negligible.But after Hurricane Ida hit last week, more than 16.8 million barrels of output was lost. That's 68% mo...Read More

Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More

Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for the port operator told Fastmarkets on Thursday September 9.From September 7-9, around 140,000 tonnes of steel products and fertilizers were prevented from reaching customers, th...Read More

Road blockades throughout Brazil have disrupted transportation on important routes in five different states, with access to main steel trade hub, S??o Francisco do Sul port, cut off by truckers' demonstrations, Fastmarkets learned on Thursday September 9.The port of S??o Francisco do Sul, in Brazil's southern state of Santa Catarina, had to stop unloading ships on Wednesday September 8, two source...Read More

Domestic steel reinforcing bar prices in the United States were flat in the week to Wednesday September 8, while imported rebar prices slipped.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday, unchanged since August 11 but up by 68.38% from $29.25 per cwt at the same time last year.US marketMarket participants lar...Read More

The US Department of Commerce has issued final anti-dumping determinations on steel concrete reinforcing bar from Mexico following an administrative review, the agency said on Thursday September 9.The department determined that rebar from Mexico was sold in the United States at less than normal value during the period of review from November 1, 2018, through October 31, 2019. The following pr...Read More

Demand for steel billet and rebar was low in Egypt because buyers expected prices to decrease, sources told Fastmarkets on Thursday September 9.Rebar prices have decreased recently in many global markets, in line with falling scrap prices.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $660-670 per tonne on September 9, compared with $665-6...Read More

Turkish steelmakers remained silent in the deep-sea scrap import market, due to only achieving limited finished long steel sales, sources told Fastmarkets on Thursday September 9.The most recent trades were heard on Tuesday, when three steel producers booked four deep-sea cargoes from various locations at between $435 and $445 per tonne cfr on HMS 1&2 (80:20) basis.However, the mills went quiet on...Read More

Sellers of Japanese scrap have closed deals to both Bangladesh and Vietnam at lower prices, market participants told Fastmarkets on Thursday September 9.Japan sells cargoes to Vietnam, BangladeshTaiwan containerized scrap prices steadyChina's bids edge upward amid futures gainsJapanThe September Kanto Tetsugen auction was concluded for Japanese H2 scrap on Thursday morning at an average of ?46,26...Read More

The import market for China's pig iron weakened during August 26 to September 9 in transactions for Brazilian cargoes, according to sources.Around 100,000 tonnes of basic pig iron were sold from Brazil to China on Thursday September 2 at $535-540 per tonne cfr China, sources said.Fastmarkets' fortnightly assessment for the price of pig iron, import, cfr China was at $535-540 per tonne on Thur...Read More

CIS steel billet export prices remained firm on Thursday September 9, supported by surging demand in China, sources told Fastmarkets.Chinese interest in imported billet increased over the past week, along with indications of workable prices from customers, on the expectation that further domestic production cuts will be imposed in China at the start of next year.And CIS billet producers were looki...Read More

Demand for steel billet and rebar was low in Egypt because buyers expected prices to decrease, sources told Fastmarkets on Thursday September 9.Rebar prices have decreased recently in many global markets, in line with falling scrap prices.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $660-670 per tonne on September 9, compared with $665-6...Read More

A Haywood Securities report noted that "initial 2021 reverse circulation results highlight deep value in Liberty Gold's asset portfolio." In a Sept. 9 research note, Haywood Securities analyst Geordie Mark reported that the first drill results from Liberty Gold Corp.'s (LGD:TSX; LGDTF:OTCQB) Goldstrike in Utah bode well for the project.They "demonstrate the potential to not only derisk the asset...Read More

China's domestic rebar prices increased sharply on Thursday September 9 after the news that Jiangsu will restrict steel production in the remaining months of this year.DomesticEastern China (Shanghai): 5,410-5,440 yuan ($837-842) per tonne, up by 90-110 yuan per tonne.Jiangsu province will be conducting decarbonization compliance inspections of local enterprises with high energy consumption and em...Read More

Traditional relationships between prime steel scrap and lower-grade material in key Asian markets have shattered over recent months, market sources told Fastmarkets in early September 2021.Busheling scrap - which is known as Shindachi in Japan - is a prime scrap grade generated from offcuts from the making of steel sheet-intensive products such as vehicles and white goods. Reduced output at leadin...Read More

Swedish steelmaker SSAB will deliver fossil-free steel to Finnish provider of cargo and load handling solutions Cargotec for cargo handling equipment manufacturing, SSAB said on September 8.SSAB and Cargotec will work together on the introduction of fossil-free steel to the cargo handling industry. The companies will start coordinated development toward the use...Read More

Germany's federal government plans to fund ?,?55 million ($65 million) for the construction of the first industrial-scale hydrogen direct-reduced iron (DRI) plant at ArcelorMittal Hamburg steelworks, the company said on September 8.The German government will provide half of the total required investment of ?,?110 million. The funding plan now must be approved by the European Commission (EC) before...Read More

Here are five Fastmarkets stories you might have missed on Thursday September 9 that are worth another look.Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for...Read More

Truck transportation has ceased at the Brazilian S??o Francisco do Sul port and at least five ships have failed to be unloaded since Tuesday September 7, when demonstrations broke out across the country, a spokesperson for the port operator told Fastmarkets on Thursday September 9.From September 7-9, around 140,000 tonnes of steel products and fertilizers were prevented from reaching customers, th...Read More