Prices for shredded steel scrap imported into India and Pakistan are following the trend of the international market and moving up over the week to February 26, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $459.75 per tonne this week, up from $430.86 per tonne one week earlier.There were no deals heard in the market t...Read More
The recent bounce in the United Kingdom's light iron steel scrap market extended into this week due to tight domestic supplies amid renewed export demand, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was ?145-160 ($205-226) per tonne on Friday February 26, up from ?140-150 per tonne on February 19. The...Read More
Seaborne premium hard coking coal prices in both the fob and cfr markets edged down on Friday February 26 with most market participants, especially trading houses, taking a wait-and-see attitude.Fastmarkets indicesPremium hard coking coal, fob DBCT: $125.73 per tonne, down $1.27 per tonnePremium hard coking coal, cfr Jingtang: $218.55 per tonne, down $0.49 per tonneHard coking coal, fob DBCT: $119...Read More
Iron ore prices increased on Friday February 26, with low-grade iron ore fines rising fast due to lower coke prices, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $175.78 per tonne, up $1.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $176.27 per tonne, up $1.57 per tonne58% Fe fines high-grade premium, cfr Qingdao: $161.74 per tonne, up $1.68 per tonne65% Fe Brazil-orig...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...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 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 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...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...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
Key data from the February 26 pricing session in London.Key drivers:Prices drift lower amid less active inquiries, leaving oxide sellers content to accept bids near the lower end of the previous quotes. Bids below...Read More
Turkish steel producers continued to make deep-sea scrap bookings at firming prices on Friday February 26, market sources said.A steel mill in the Marmara region booked a United Kingdom cargo comprising HMS 1&2 (80:20) at $454 per tonne and shredded and plate and structural (P&S) at $464 per tonne cfr.The same mill also booked a Baltic Sea cargo consisting of HMS 1&2 (80:20) at $452.50 per tonne a...Read More
Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high prices and the narrow scrap-billet spread, according to market sources.Japanese H2 was offered at $440-445 per tonne cfr Vietnam in the early part of the week, up $20 per tonne week on week. But offers increased...Read More
Prices for containerized ferrous scrap into key import market Taiwan have increased on the back of higher bunker prices, freight rates and strong demand from buyers for containerized cargoes due to a dearth of berthing spaces for bulk-shipment cargoes. Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $425-430 per...Read More
The European Commission has started an investigation on the possible extension of existing safeguard measures into 26 steel product categories imported into the European Union, the EC said on Friday February 26. The safeguard measures were imposed for an initial period of three years and will expire on June 30, 2021. The measure currently in force consists of a tariff-rate quota based on hist...Read More
There are substantial gold resources in Central Newfoundland, people have just been slow to find them. Sokoman Minerals Corp. (TSXV:SIC) has doubled down on the Moosehead drilling program and added a second drill to unlock them.Company president and CEO Tim Froude compares Central Newfoundland to another famous gold camp. "It's at the point that Timmins was in 1910. The dawn of gold in Newfoundlan...Read More
The U.S. Army Corps of Engineers has accepted the request of Northern Dynasty Minerals (TSX:NDM) to appeal the latest refusal to grant a water licence to the Pebble copper-gold-molybdenum project. The Corps issued a negative Record of Decision in November 2020, the latest in a long line of permitting delays.Northern Dynasty has taken the position that the 'significant degradation' finding by the C...Read More
Vale - the largest supplier of iron ore pellets and a trendsetter in the global market - has again hiked its premiums for blast furnace (BF) and direct-reduced (DR) pellets up for the second quarter of 2021, Fastmarkets understands.Vale settled its BF pellet premium for the second quarter of 2021 at $52 per tonne, compared with a first-quarter 2021 premium of $40 per tonne, Fastmarkets learned.Val...Read More
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Satori Resources (TSXV:BUD) has received the permits needed to begin drilling at its wholly owned Tartan Lake gold mine near Flin Flon, Man. Work has already begun on repairing the access road, drilling tenders are out for quote, and technical staff is being hired.The plans call for a 3,200-metre diamond drill program that targets the down-plunge continuation of the Main zone vein system. Satori n...Read More