Here are five Fastmarkets stories you might have missed on Monday November 1 that are worth another look....Read More
Japanese imports of aluminium rose by 24.9% in August from the prior month, according to data released by the Japan Aluminium Association. Japan imported 250,700 tonnes of aluminium in August, an increase of 50,000 tonnes from July and 104,000 tonnes more than that in August 2020. July's volume of 200,700 tonnes marked a nine-month low.Imports include unwrought and wrought aluminium and aluminium...Read More
The Commonwealth of Independent States' export prices for hot-rolled coil increased during the week ended Monday November 1, but market activity was weak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $870-880 per tonne on November 1, rising from $850-870 per tonne on October 25.Offers from Ukraine to Turkey were at $900-910...Read More
Base metals prices on the London Metal Exchange were little changed on the morning of Monday November 1 compared with their month-end figures from last Friday, with Chinese data pointing to a slowdown in its economy and a strong US Dollar index capping price moves. The official purchasing managers' index (PMI) readings from China over the weekend showed the manufacturing PMI fell to 49.2 in Octobe...Read More
China's domestic rebar prices dropped on Monday November 1 after the release of a lower steel industry purchasing managers' index.DomesticEastern China (Shanghai): 5,120-5,150 yuan ($799-804) per tonne, down by 100 yuan per tonneThe PMI for the steel industry was 38.3 points in October, down by 6.7 points from September, according to the China Federation of Logistics & Purchasing's Steel Logistic...Read More
Hot-rolled coil prices were little changed in Europe on Monday November 1 reflecting a lack of trading activity, but market sources are optimistic about the market's prospects, they told Fastmarkets.Trading activity in the spot HRC market remained slow, mainly because European mills were busy negotiating long-term contracts with end users for next year.Producers are hopeful of substantial increase...Read More
Most flat steel prices continued to increase in Turkey during the week ending Monday November 1, but future price moves remain uncertain because of decreasing prices in China and weak demand in the Turkish local market, sources told Fastmarkets.Hot-rolled coil prices in China have been decreasing, which may affect global prices.Local demand for flat steel was also weak because most buyers placed t...Read More
The Commonwealth of Independent States' export prices for hot-rolled coil increased during the week ended Monday November 1, but market activity was weak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $870-880 per tonne on November 1, rising from $850-870 per tonne on October 25.Offers from Ukraine to Turkey were at $900-910...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
Prices for seaborne iron ore concentrate and pellets fell in the week ended Friday October 29 amid a narrowing of margins among steelmakers in China, sources said.Fastmarkets iron ore indices 66% Fe concentrate, cfr Qingdao: $137.48 per tonne, down $10.10 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $182.04 per tonne, down $9.37 per tonne.Iron ore pellet premium over 65% Fe fines, cfr China...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 grade, in-whs...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More
Fastmarkets is increasing the frequency of iron ore value-in-use indices from weekly to daily from Monday November 1.Following a consultation during which favorable feedback was received, Fastmarkets is increasing the frequency of iron ore value-in-use indices from weekly to daily. Fastmarkets' iron ore value-in-use indices will be calculated and updated every Monday based on a regression analysis...Read More
The three-month aluminium price gained $3 to $2,719.50 per tonne from $2,716.50 per tonne at Friday's 5pm close. Volumes came off, with around 13,530 lots traded versus last week's average of 28,471 lots."Lackluster buying is still evident because high freight costs and persistent logistics constraints mean that consumers are likely...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
Turkish steel producers were quiet in the deep-sea scrap markets on Monday November 1, following the national holiday period in the country, market sources said.The most recent cargo deal was recorded last Tuesday, when a steel mill in the Marmara region booked a cargo from the United States comprising 20,000 tonnes of heavy melting scrap 1&2 (90:10) and 10,000 tonnes of shredded at an average pri...Read More
Here are five Fastmarkets stories you might have missed on Friday October 29 that are worth another look.Apparent steel consumption in the European Union continued to grow in the first half of 2021, but demand has probably reached its peak and the recovery is now slowing, the...Read More