Indian hot-rolled coil export prices rose by $25-40 per tonne in the week to Friday August 6 due to mills expanding their markets to the Gulf region, North Africa, Central and South America.Fastmarkets assessed steel hot-rolled coil (commodity) export, fob main port India at $920-950 per tonne on Friday, an increase of $25-40 per tonne from $895-910 per tonne last week."Indian mills are...Read More
The import pig iron market in the United States declined during the week ended Friday August 6 due to a new booking from Brazil.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $585-600 per tonne on Friday, down from $620-635 per tonne a week earlier.One large buyer purchased a cargo from the south of Brazil at $585-587 per tonne cfr for...Read More
A question:Why do the health authorities refuse to acknowledge the possibility of severe vaccination side effects? Here is the likely answer:The "Noble Lie." Details to follow.As we maintained yesterday - in grim detail - the COVID-19 vaccines are likely not so safe as health authorities claim.Jabbings have likely accounted for thousands of deaths - perhaps tens of thousands - and at least hundred...Read More
The price of shredded steel scrap into Pakistan and India fell on Friday August 6 having moved progressively lower across the working week, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $530.64 per tonne on Friday, down from $544.77 per tonne one week earlier.Offers and deals were reported during the first half...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne over the week ending Friday August 6, with weaker European export markets into Turkey and the Indian subcontinent dragging down British dockside prices, which had a knock-on effect on the domestic market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delive...Read More
Turkish steel mills were silent on Friday August 6 after booking at least five deep-sea cargoes earlier this week, market participants told Fastmarkets.The most recent deal was recorded on Wednesday August 4, when a steel mill in the Izmir region booked a United States cargo comprising 15,000 tonnes of heavy melting scrap 1&2 (80:20) at $464 per tonne, and 14,000 tonnes of shredded and 2,000 tonne...Read More
Major steelmakers in China and Japan lowered their domestic scrap buy prices on Friday August 6 amid reduced intake volumes, sources told Fastmarkets.Large Chinese steelmakers drop domestic scrap purchase pricesJapan's Tokyo Steel reduces buy prices for most grades at most factoriesSouth Korea closes deals at lower prices for Japanese scrap.ChinaTwo major mills in Jiangsu province lowered their do...Read More
A summary of operational results for Ukrainian steelmaker Metinvest for the second quarter of 2021In brief?EUR? Merchant slab production decreased by 19% quarter on quarter to 395,000 tonnes due to the redistribution of slab to flat-rolled product.?EUR? Flat product output increased by 9%...Read More
Iron ore prices increased slightly on Friday August 6 after a slump on Thursday, although overall sentiment remains bearish, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $172.51 per tonne, up $0.96 per tonne62% Fe low-alumina fines, cfr Qingdao: $173.53 per tonne, up $0.77 per tonne58% Fe fines high-grade premium, cfr Qingdao: $139.23 per tonne, up $2.95 per ton...Read More
Seaborne coking coal prices maintained their upward trend in both the cfr and fob markets on Friday August 6, with good buying interest in the latter.Prices for seaborne pulverized coal injection (PCI) material inched upward in both the cfr and fob markets in the week to August 6, amid continuous supply tightness and necessary restocking demand, market sources said.Fastmarkets indicesPremium hard...Read More
Eastern China rebar prices were flat on Friday August 6 on rising demand from trading houses, but the end user demand kept weak, causing a week-on-week decrease of 130-140 yuan per tonne.DomesticEastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,100-5,150 yuan per tonne, down by 150-170 yuan per tonneHeavy rain in Sichuan provinc...Read More
Prices for hot-rolled coil in China's domestic market were largely unchanged on Friday August 6, with trading activity remaining quiet because of the seasonal lull.DomesticEastern China (Shanghai): daily assessment 5,790-5,800 yuan ($896-898) per tonne on August 6, narrowing by 20 yuan per tonne at both ends of the range.Northern China (Tangshan): weekly assessment: 5,700-5,710 yuan per tonne on A...Read More
Base metal prices were mixed on the London Metal Exchange during morning trading on Friday August 8, with copper and aluminium leading the complex and lead down by 0.7%."Concerns about the delta strain's impact on growth have been weighing on metals this week - about half of China's provinces are trying to limit the spread. In Australia, two-thirds of the population is back in lockdown," Anna Stab...Read More
Key data from Fastmarkets' pricing sessions in Europe, Asia and the United States for the week ending Friday August 6.ChinaThe seaborne low-grade manganese ore price edged lower after suppliers cut offers on September cargoes amid rising port inventories and weakness in the domestic portside market.The seaborne high-grade manganese ore price ticked up with higher offer prices in the spot market, t...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...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...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.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...Read More