Steel scrap prices continued to surge this week due to sustained demand from buyers in all markets, with the exception of India. Downstream steel prices have supported raw material price increases in Asia, with buyers melting scrap to feed demand for billet and long steel products.Turkey books Canadian, Baltic Sea scrapUS export prices to go higherVietnam buys deep-sea bulk cargoesTaiwan chases co...Read More
Prices for shredded steel scrap imported into India and Pakistan were largely unchanged over the week to Friday March 5 on lackluster interest among mills, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $460.86 per tonne on Friday, only slightly up from $459.75 per tonne one week earlier.A deal was heard at $455 per to...Read More
The recent rally in the light iron steel scrap market in the UK extended into a third week amid a persistent tightness of supply into yards and firm demand for exports, sources told Fastmarkets on Friday March 5.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?150-165 ($209-230) per tonne on Friday, up from ?145-160 per tonne...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
The spot cobalt market was treading water on Thursday March 4 while market sources mulled whether falls in copper, nickel and Chinese cobalt futures prices could spill over to hit benchmark cobalt metal prices, sources told Fastmarkets Fastmarkets' benchmark price assessment for cobalt standard grade, in-whs Rotterdam stood at $24.75-25.65 per lb on Thursday, unchanged from the previous day b...Read More
Share this article VANCOUVER - Denarius Silver Corp. will commence trading on the TSX Venture Exchange on Monday March 8, 2021, under the symbol DSLV.The company's mining portfolio has exposure ranging from exploration to near-term production of multi-metal assets offering leverage across multiple markets.The Lomero-Poyatos Project, to be acquired by the company, is a polymetallic deposit locate...Read More
China's domestic battery-grade lithium hydroxide price surged by 19.8% to a 19-month high on Thursday March 4, driven by tight spot supply and higher offering prices from most producers - conditions that have supported bullish market sentiment across the other global regions.The ex-works China battery-grade lithium hydroxide price hit a 19-month high after producers offered aggressively in respons...Read More
Flat-rolled steel import prices continued to trend upward in South America during the week ended Friday March 5, with China and Japan raising their offers for May-shipment material and freight costs remaining elevated.The price increases were taking into account costlier bulk freight rates in addition to the potential export tax rebate cut in China, market participants said. The pot...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
You may not notice it, but the world around you is changing drastically.Earlier this year, for the first time ever, New York City's beloved Empire State Building became a smart-energy skyscraper that is now 100% powered by wind.Last summer in Chattanooga, city officials completed the installation of its Ultra Smart Streetlight system, created by Global Green Lighting. The system uses a technology...Read More
Some hot-rolled coil producers closed their orderbooks for June production during the week ending Friday March 5 and have started to offer product in Turkey for July production at higher prices, sources told Fastmarkets. Russia, one of the main import sources for HRC to Turkey, sold two cargoes during the week and stopped accepting new orders. The offer prices from Ukraine and China were also high...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
The domestic steel rebar market in Poland was largely quiet during the week to Friday March 5, despite producers' push for price increases, sources told Fastmarkets on Friday March 5.Buying activity in Poland's rebar market became quiet this week after a series of bookings were made in the week before. Additionally, ArcelorMittal announced a ?,?30-40 ($36-48)-per-tonne increase for long steel pri...Read More
The eastern China rebar price fell for the second day in a row on Friday March 5 amid sparse trading, reversing the gains made on Wednesday and leaving a week-on-week rise of just 20 yuan ($3) per tonne. Domestic Eastern China (Shanghai): 4,640-4,670 yuan ($730-736) per tonne, down by 80-90 yuan per tonne Northern China (Beijing) weekly assessment: 4,530-4,550 yuan per tonne, up by 30-40 per tonne...Read More
The pig iron export market from Brazil continued to increase during the week to Friday March 5 on new sales.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $520 per tonne on Friday, up from $500-515 per tonne a week before.One sale of pig iron from the south of Brazil was heard to the United States at $520 per tonne fob...Read More
The pig iron import market in the United States went up again during the week to Friday March 5 on new sales at higher prices, market sources have said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $570 per tonne on Friday, an increase of $20 per tonne from $550 per tonne a week earlier.One cargo of 50,000 tonnes for May shipment was booked from Russia at...Read More
Steel scrap prices continued to surge this week due to sustained demand from buyers in all markets, with the exception of India. Downstream steel prices have supported raw material price increases in Asia, with buyers melting scrap to feed demand for billet and long steel products.Turkey books Canadian, Baltic Sea scrapUS export prices to go higherVietnam buys deep-sea bulk cargoesTaiwan chases co...Read More
Export prices for Brazil-origin slab widened upward due to continued strong demand in the United States.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $740-780 per tonne on Friday March 5, widening upward by $20 from $740-760 per tonne on February 26. Past deals were closed at $740-760 per tonne fob for April shipment, with the higher end of the ran...Read More
Prices for CIS-origin steel billet in the Black Sea market remained largely unchanged on Friday March 5 with more reported sales to Turkey.A cargo from a small Russian mill was sold at "slightly above $610 per tonne cfr," one market source said. Considering the current cost of freight, around $25 per tonne, the price would be equivalent to $586 per tonne...Read More
Technical analyst market forecaster David Brady joins us for a discussion of the current trends in the precious metals as well as his forecast for where prices will head later this year and into 2022.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater ec...Read More