Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.?EUR?Bangladeshi import prices ease downward?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr?EUR?Lack of demand for scrap in China due to hot metal being mor...Read More
The logistics of a cluster of copper mines in western Canada have been disrupted by extreme weather conditions in the province of British Columbia (BC) this week, Fastmarkets has learnt."All transportation routes, rails and highways, to the interior of the province are closed due to washouts and [land]slides," one Canadian miner source said on Thursday November 18.The province declared a state of...Read More
Italian domestic steel scrap prices increased in the month to Tuesday November 16, supported by a combination of reduced supply and strong demand, sources have told Fastmarkets.Month-on-month comparison prices have recovered by about ?,?10 ($11) per tonne. But market sources said that, taking into account that scrap prices dropped in the second half of October, the recovery since the start of Nove...Read More
Chinese nickel sulfate producers face difficult annual contract negotiations for 2022, with upstream miners taking an aggressive stance while downstream battery precursor material producers are hinting at lower demand amid plans to implement integrated operations.The Chinese nickel sulfate price has undergone considerable volatility in 2021, climbing in August to its highest since Fastmarkets bega...Read More
Turkish steel producers have resumed their deep-sea scrap import bookings with a single cargo deal, sources told Fastmarkets on Thursday November 18.A steel mill in the Marmara region booked a United Kingdom cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $488 per tonne and 5,000 tonnes of shredded at $507 per tonne cfr.The previous...Read More
The removal of a safeguard duty on imports of steel billet into Egypt earlier this week has resulted in a revival of trading activity in the local market, with various sellers rushing to grasp the opportunity because of unfavorable situations in other areas.The Egyptian Ministry of Industry & Trade suspended the country's 10% safeguard duty on imported billet with effect from Monday November 15.Fo...Read More
Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.?EUR?Bangladeshi import prices ease downward?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr?EUR?Lack of demand for scrap in China due to hot metal being mor...Read More
Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.?EUR?Bangladeshi import prices ease downward?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr?EUR?Lack of demand for scrap in China due to hot metal being mor...Read More
Seaborne coking coal prices in the cfr China market dropped further on Thursday November 18 after domestic cargoes plunged due to weak demand, while the fob Australia coking coal market continued to be quiet without firm buying interest, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $523.84 per tonne, down $26.35 per tonneHard coking coal, cfr Jingtang: $348.75 per...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...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 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...Read More
Tight supply and steep backwardation on London Metals Exchange continued to support European premiums while China premiums retreated slightly amid increased arbitrage loss, and US premiums were stable in the week to November 16, Fastmarkets learned.European premiums strong while long term contact negotiations for 2022 ongoingChina premiums slid amid increased arbitrage lossUS premiums unchanged wi...Read More
Domestic stainless steel prices in China maintained their downward trend for the week ended Wednesday November 17 due to soft demand.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 18,800-19,000 ($2,942-2,974) per tonne, down by 500 yuan per tonne from a week earlier.Downstream industries performed poorly, leading to lower stainless steel demand.Market sentiment became bear...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...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
Price movements for seaborne iron ore were largely rangebound on Wednesday November 17 except for the mid- and high-grade iron ore fines segments, which tracked the stronger transacted prices on a trading platform, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.08 per tonne, up $1.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.30 per tonne, up $0.30 per...Read More
Domestic prices for hot-rolled coil were fairly stable in Northern Europe and Italy on Wednesday November 17; buyers and sellers both remained in "wait-and-see" mode, sources told Fastmarkets.Spot buyers preferred to hold back from booking any significant volumes for next year before the steelmakers settled their long-term contracts with end consumers. Some sources said that negotiations are likel...Read More
Exports of finished steel from the Association of Southeast Asian Nations (Asean) rose by 20.4% year-on-year in January-June 2021 amid rising demand in both Asia and Europe, according to the latest statistics from the South East Asia Iron & Steel Institute (Seaisi).Both long and flat steel exports flourished in the first half of the year, against a backdrop of rising prices and improved demand in...Read More