Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
Mexican ferrous scrap prices declined again over the past week, with lower prices becoming more widespread among buyers in the country's two main markets, sources told Fastmarkets.But market participants believe prices are close to reaching a bottom, with some buyers having difficulty securing deals at lower prices."We continued to see low prices, but it seems that prices are reaching a minim...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau of International Recycling (BIR) conference in Brussels heard on Tuesday October 26.The recycling industry is facing tremendous challenges, panelists said. The EU has proposed restrictions on the export of "waste" ma...Read More
Mexican ferrous scrap prices declined again over the past week, with lower prices becoming more widespread among buyers in the country's two main markets, sources told Fastmarkets.But market participants believe prices are close to reaching a bottom, with some buyers having difficulty securing deals at lower prices."We continued to see low prices, but it seems that prices are reaching a minim...Read More
International cobalt spot metal prices have trended upward since the beginning of September, with sellers keeping the material in tight hands and offering aggressively, sources said. Meanwhile, the "mating season" is in full swing and talks about long-term contract renewals are ongoing amid an improved demand outlook for the coming year.Fastmarkets' benchmark price assessment for cobalt standard g...Read More
A summary of the operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021In brief?EUR? In the third quarter, NLMK's consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division.?EUR?...Read More
Seaborne iron ore prices rose on Tuesday October 26 amid some short-term positivity in demand for iron ore, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $122.30 per tonne, up $3.22 per tonne62% Fe low-alumina fines, cfr Qingdao: $124.11 per tonne, up $3.63 per tonne58% Fe fines high-grade premium, cfr Qingdao: $94.41 per tonne, up $3.44 per tonne65% Fe Brazil-ori...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 26 that are worth another look.A decision by the European Union on the future of the bloc's scrap metal export trade, which is worth billions of euros per year, could come as early as December this year, the Bureau...Read More
The seaborne manganese ore market strengthened further in the week to Friday October 22, with sentiment supported by price increases at Chinese ports so far this month that has improved demand despite a recent downward correction of silico-manganese prices.Prices at Chinese ports consolidated their increases, with suppliers citing tighter supply and financial losses they had incurred in the first...Read More
A summary of the operational results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021In brief?EUR? In the third quarter, NLMK's consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division.?EUR?...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...Read More
International cobalt spot metal prices have trended upward since the beginning of September, with sellers keeping the material in tight hands and offering aggressively, sources said. Meanwhile, the "mating season" is in full swing and talks about long-term contract renewals are ongoing amid an improved demand outlook for the coming year.Fastmarkets' benchmark price assessment for cobalt standard g...Read More
Seaborne premium coking coal prices inched downward on Tuesday October 26 with no trading in the market. Meanwhile, Chinese mills were still to accept the domestic coke price increase proposed on Monday.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $614.37 per tonne, down by $0.77 per tonneHard coking coal, cfr Jingtang: $568.59 per tonne, unchangedPremium hard coking coal, fob DBCT:...Read More
Rebar demand in China's domestic market strengthened on Tuesday October 26 amid good weather, though prices were unchanged with sellers coming under destocking pressure.Domestic Eastern China (Shanghai): 5,350-5,400 yuan ($838-846) per tonne, unchangedRebar consumption rates among end users strengthened during the day with most parts of China experiencing mild weather conditions. This improved dem...Read More
International cobalt spot metal prices have trended upward since the beginning of September, with sellers keeping the material in tight hands and offering aggressively, sources said. Meanwhile, the "mating season" is in full swing and talks about long-term contract renewals are ongoing amid an improved demand outlook for the coming year.Fastmarkets' benchmark price assessment for cobalt standard g...Read More
The aluminium industry could reduce the carbon intensity of its metal production to under one tonne by 2050 if it works towards limiting the rise in the mean global temperature to 1.5 ?C above pre-industrial levels, the International Aluminium Institute (IAI) said.In this 1.5 ?C scenario, carbon intensity would fall from an average of 16.1 tonnes of carbon dioxide (CO2) per tonne of aluminium curr...Read More
Silicon prices in the United States continued to rise, chasing earlier increases in other regions. The US price hit an all-time high for the fifth week in a row, although prices in Europe and China were flat to down in the week to Friday October 22.The US price moved sharply during the assessment week, with range widening to a $1.25-per-lb spread and a high end hit $5 per lb for a commodity that w...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
A summary of Norwegian aluminium and energy company Hydro's third-quarter results.In brief Hydro's third-quarter adjusted earnings before income tax depreciation and amortization (Ebitda) was 7,219 million Norwegian krone ($862 million), compared with 3,100 million krone in the same quarter last year. This was due to higher all-in metal and alumina prices, as well as improved upstream volumes, but...Read More