The price of shredded steel scrap imported into India and Pakistan moved down in the week to Friday February 5 as a result of poor trading conditions, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $408.73 per tonne on Friday, down from $415.83 per tonne one week earlier.A deal was heard at the start of the week at $41...Read More

The price range for UK-origin light iron fell for the third consecutive week as lower European export prices to traditional deep-sea markets, such as Turkey, dragged down domestic markets in Europe, sources said this week.However, tighter supplies arriving into British scrapyards as a result of a slump in scrap generation during the Covid-19 pandemic - with the automotive and construction sectors...Read More

Zoom (ZM), a NASDAQ 100 stock moved above $486.83 resuming an intermediate uptrend. Canadian "gassy" stocks are moving higher. Nice breakout by Birchcliff Energy above $2.42 extending an intermediate uptrend!Bausch Health (BHC), a TSX 60 stock moved above $35.45 extending an intermediate uptrend.Cisco Systems (CSCO), a Dow Jones Industrial Average stock moved above $47.62 extending an intermediate...Read More

Turkish steel producers resumed their deep-sea scrap purchases on Friday February 5 after achieving lower prices, sources told Fastmarkets.A steel mill in the Iskenderun region booked a UK cargo consisting of 18,000 tonnes of HMS 1&2 (80:20) at $387 per tonne cfr.A steel mill in the Marmara region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $380 per tonne and bonus at $390 per tonne cf...Read More

Brazil exported 19,002 tonnes of ferrous scrap in January 2021, a 62.3% decline from 50,348 tonnes in the corresponding month of 2020, according to data published by the country's economy ministry on Thursday February 4.Exports for the first month of the year were at their lowest level for a January in 11 years.January's figures continued the trend of lower outgoing shipments with suppliers focusi...Read More

Chinese steelmakers have been actively bidding for Japanese import scrap cargoes at prices above the China domestic market level in recent days, sources have told Fastmarkets.At least two major steelmakers were heard making inquiries for scrap with Japanese trading houses and suppliers on Friday February 5. The hive of activity comes just ahead of China's Lunar New Year holiday next week, with som...Read More

The seaborne premium hard coking coal price in the fob market declined on Friday February 5, while Australian coking coal cargoes that had been in anchorage at Chinese ports may lead the seaborne premium fob price down, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $156.53 per tonne, down $1.01 per tonnePremium hard coking coal, cfr Jingtang: $217.23 per tonne, unchangedHard...Read More

Iron ore prices in the seaborne market dipped despite a recovery in liquidity, but port prices pushed up, sources told Fastmarkets on Friday February 5. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $157.01 per tonne, down $1.02 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.53 per tonne, down $1.08 per tonne58% Fe fines high-grade premium, cfr Qingdao: $144.29 per t...Read More

The Wuxi Stainless Steel Exchange launched an electronic trading contract for ammonium paratungstate (APT) with the trading code APT2105 on Friday February 5. For this new contract, the delivery period is May 2021 and the last trading day is May 17, 2021 with the deadline for delivery of bill of lading of May 18, the exchange said. The trading hours for this contract are 8:30-11:30 each trading da...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 5.China The seaborne markets were quiet ahead of the Lunar New Year (February 11-17). Continuing weakness in the portside market and persistently high inventories weighed on the market despite major suppliers declaring force majeure on some shipments after heavy rain in South Africa caused l...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 grade, in-whs Rotterdam, $/lb at 21.75-22.35...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 Cobalt alloy...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...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...Read More

The price of flat-rolled stainless steel produced in Europe rose further this week while supply struggled to keep pace with demand, sources told Fastmarkets on Friday February 5. Fastmarkets' weekly price assessment of stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe was ?,?2,500-2,550 ($2,998-3,058) per tonne on Friday, up by ?,?120-150 per...Read More

Pakistan long steel producer Agha Steel is to install solar polar at its production facility in a push to achieve green steelmaking, the company said on Thursday February 4. As part of its "Green Steel Revolution," the company has signed a contract with Renewable Power Pvt Ltd to install a 2.25 Megawatt solar power project at its production facility. Using solar power would reduce its carbon emiss...Read More

Prices for imported containerized ferrous scrap in Taiwan have continued to trend downward despite efforts by some market participants to shore up the market.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $350-360 per tonne on Friday February 5, unchanged from a day earlier but down by $5-10 per tonne from...Read More

The upcoming Lunar New Year holiday in Vietnam, also known as Tet, has dampened buying sentiment during the week to Friday February 5, sources told Fastmarkets. Offers for bulk Japanese H2 materials were at $385 per tonne cfr Vietnam this week, with a buyer bidding at $380 per tonne cfr Vietnam.A rebound in the Japanese scrap market has led some Japanese sellers to raise offers to $400-405 per ton...Read More