The export market for pig iron from the Commonwealth of Independent States went down during the week to Thursday August 19 due to buyer pessimism and a fall in iron ore prices.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $525-540 per tonne on Thursday, down from $540-560 per tonne the previous week."Trade has been muted - buyers have been very...Read More
The price of austenitic alloy steel scrap in Europe moved higher this week because of tight supply, despite nickel costs dropping off sharply through the week, Fastmarkets heard on Friday August 20.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids import, cif main European port was ?,?1,600-1,670 ($1,869-1,951) per tonne on Friday, up...Read More
Prices for shredded steel scrap into Pakistan and India continued to diverge on Friday August 20, with demand in India slowing down during the monsoon season, while there was active trading in Pakistan, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $ 539 per tonne on Friday, up from$532.37 per tonne.The Ashura p...Read More
Turkish steel mills continued to book deep-sea scrap cargoes with prices continuing to weaken at the end of the week to Friday August 20, market participants told Fastmarkets. A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $450 per tonne and 3,000 tonnes of bonus and 7,000 tonnes of shredded at $470 per tonne cfr. ...Read More
Iron ore prices rebounded on Friday August 20 from losses the day before, although demand from Chinese mills showed no sign of picking up and market participants remained cautious.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $140.44 per tonne, up by $7.78 per tonne62% Fe low-alumina fines, cfr Qingdao: $141.15 per tonne, up by $7.85 per tonne58% Fe fines high-grade premium, cfr Qingdao:...Read More
Prices of hot-rolled coil in China's domestic market edged higher on Friday August 20 following two days of sharp losses sparked by increased demand concerns.DomesticEastern China (Shanghai): 5,620-5,670 yuan ($865-872) per tonne, up by 20-50 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,600-5,640 yuan ($862-868) per tonne, down by 100-110 yuan per tonneThe most-traded HRC contract...Read More
Seaborne coking coal prices maintained their upward trend in the cfr China market following a strong domestic coking coal market and prices inched higher in the fob market on Friday August 20 amid necessary restocking demand.Prices for seaborne pulverized coal injection (PCI) increased in both the cfr China and fob Australia markets in the week to August 20 due to supply tightness in both markets,...Read More
Eastern China rebar prices rose on Friday August 20 due to restocking demand ahead of the weekend, but a drop earlier in the week means that prices are down by 120 yuan ($18) per tonne week on week.DomesticEastern China (Shanghai): 5,080-5,110 yuan per tonne, up by 70 yuan per tonneNorthern China (Beijing) weekly assessment: 5,010-5,050 yuan per tonne, down by 160 yuan per tonneBuyers raised procu...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.Dalila Ouerghi and...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,...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
Shares of Intrepid Potash (NYSE: IPI) have lost almost 20% of their value in two days, as the company announced it was "reviewing its options" following a court ruling that determined the miner no longer has water rights for commercial use from the Pecos River in New Mexico. Intrepid's use of the Pecos River water became controversial after the company disclosed it planned to pump wat...Read More
Roscan Gold (TSXV: ROS; US-OTC: RCGCF) has released a new batch of drill results from its Kandiole project in Mali, about 400 km west of the nation's capital, Bamako, and says it expects to deliver a first resource estimate before the end of the year.Results from the project's Southern Mankouke zone included 3.53 grams gold per tonne over 17 metres starting from 121 metres in drillhole RCMAN21-55;...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) revealed this week that it has fired 48 employees since 2019 for sexual harassment at its remote fly-in, fly-out (FIFO) mines in Western Australia. In a submission to the state's parliamentary inquiry into the issue, the world's largest miner said that between 2019 and 2021 it received six confirmed cases of sexual assault and 73 of sexual harassment at i...Read More
Newcrest Mining (TSX: NCM; ASX: NCM) has delivered a prefeasibility study for its Cadia underground gold mine expansion.The mine, in New South Wales, Australia, produces gold dor?(C) and gold-rich copper concentrates.The prefeasibility study, which the company refers to as PC1-2, outlined a net present value of US$1.5 billion and an internal rate of return of 21.5%. The total capital expenditure i...Read More
A reduction in South Korean bid prices for steel scrap on Friday August 20 has further lowered sentiment in the Japan steel scrap export market, sources have told Fastmarkets.Some Japanese suppliers accept lower bid prices from South KoreaChinese mills reduce local scrap buy prices againExpensive Japan-origin offers persist in cfr China market.South KoreaA major steelmaker in South Korea announced...Read More
Ferrous scrap buyers in Vietnam resisted higher offers for bulk cargoes from the United States in the week to Friday August 20 amid poor downstream demand, sources told Fastmarkets.This is due to a worsening Covid-19 situation in Vietnam, especially in its business hub Ho Chi Minh City. The country will further extend its lockdown to September 15 amid surging Covid-19 infections. The city was the...Read More