A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 27.Please click...Read More
Consolidating its position in the battery materials supply chain amid fierce competition is the biggest challenge facing Greatpower Nickel & Cobalt Materials Co, company president Dongqiang Cao told Fastmarkets in an interview.Previously, attracting investment and improving the ability to provide finance had proved to be a bottleneck in the early stages of Greatpower's development, when it expande...Read More
Seaborne coking coal prices in both the fob and cfr markets were relatively flat on Wednesday October 27. And China's National Development and Reform Commission (NDRC) intervened in the coal market to curb thermal coal prices, which led to a sharp drop in the coal and coke futures market.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $614.46 per tonne, up by $0.09 per tonneHard coking...Read More
The low-carbon ferro-chrome market in Europe leapt over the two weeks to Tuesday October 26 to a multi-year high due to extremely tight availability, with some sellers not offering on the spot market and consumers scrambling to find material.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe was $3.43-3.75 per lb Cr on October 26, up by 38-50 cents (13.97%)...Read More
The low-carbon ferro-chrome market in Europe leapt over the two weeks to Tuesday October 26 to a multi-year high due to extremely tight availability, with some sellers not offering on the spot market and consumers scrambling to find material.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe was $3.43-3.75 per lb Cr on October 26, up by 38-50 cents (13.97%)...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More
A summary of the financial results for Swedish steelmaking group SSAB for the third quarter of 2021.In brief SSAB reported another strong quarterly performance, linked to higher steel prices First fossil-free plates rolled in Oxel??sund Strong earnings reported despite maintenance at some locations Shortage of semi conductors muted automotive demand in EuropeSSAB Special steels revenue5.99 bi...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,...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, $/lb at 27.10-27.65 on...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
Key data from Fastmarkets' pricing session in Europe on Wednesday October 27Key drivers?EUR? As of Wednesday October 27, European ferro-titanium suppliers have held their offer prices steady for the second consecutive week. This came amid subdued trading activity ahead of Fastmarkets' annual conference scheduled for next month in Prague.?EUR? Suppliers expected prices to be stable until that confe...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More
The nickel briquette premium in the United States surged by 10% this week amid supply tightness while those in China also rallied amid a favorable arbitrage.?EUR? US briquette premiums hit all-time high?EUR? Chinese premiums rally to 2-year high?EUR? European premiums stableNew peaks for both US premiumsHaving been flat for many weeks, nickel premiums in the US rose to new all-time highs.The two p...Read More
Guidance for China to achieve its carbon emissions peak by 2030 and carbon neutrality by 2060 was jointly released by the Central Committee of the Communist Party of China and the State Council on Sunday October 24.The guidance specifies that by the year 2025, China's energy consumption per unit of gross domestic product will be reduced by 13.5% from 2020 levels, carbon dioxide (CO2) emissions per...Read More
The three-month aluminium price on the London Metal Exchange was the underperformer during morning trading on Wednesday October 27, but all the base metals were weaker amid growing macroeconomic headwinds.Aluminium was down to $2,734 per tonne at 9am on Wednesday, with over 15,000 lots of the light metal traded, accounting for three quarters of the total volume traded on Tuesday, of 20,371 lots. A...Read More
A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-September 2021.In brief?EUR? Erdemir Group produced 6.815 million tonnes of crude steel over the first nine months of 2021, equivalent to 23% of the national total.?EUR? The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased year-on-year by 291.98% in January-Septe...Read More
Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the Brazil-based company said on Wednesday October 27.Brazilian steel consumption was likely to rise by 4-6% next year from 2021 levels, chief executive officer Gustavo Werneck said in conference...Read More
The United States' imports of finished steel products increased moderately month on month but ballooned year on year in September, with most tracked commodities showing gains.A total of 2.94 million tonnes of steel imports arrived in September, up by 16.70% from the final tally of 2.52 million tonnes in August and up by 156.45% from 1.15 million tonnes in September 2020, according to prelimin...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More
Prices for aluminium P1020A cargoes offered into China have come down from multi-year highs because of a marked decline in demand, an uncertain near-term outlook and the closure of the London-Shanghai arbitrage window, Fastmarkets heard on Wednesday October 27.Fastmarkets' latest monthly assessment of the aluminium P1020A premium, cif Shanghai, was $130-140 per tonne on Tuesday, down from a six-ye...Read More