Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 12, but those on the Shanghai Futures Exchange were mainly firmer while they followed Thursday's strong gains on the LME.Geopolitical tensions rise after the United States warns the European Union that Russia might invade Ukraine.Given the EU has become rather dependent on Russian natural gas, Russia may f...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Key data from Fastmarkets' ferro-silicon pricing sessions in China, Europe and the United States on Friday November 12.China?EUR?The ferro-silicon price in China continued its downward trend this week, followed by weak futures, thin deal numbers and inquiries, and the decreasing price of semi-coke, a key raw material in ferro-silicon production.?EUR?Weak market sentiment clouded the ferro silicon...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Key data from Fastmarkets' European secondary aluminium pricing session on Friday November 12.Key drivers:The price of secondary aluminium ingot DIN226 dropped by more than ?,?200 per tonne in the week to Friday November 12 because of ow demand and falling silicon and scrap prices.Market participants noted quiet demand because most consumers are well stocked until the end of the first quarter of 2...Read More
A summary of stainless steel producer Aperam's results for third quarter of 2021, from July to September.In briefCompany posts third consecutive record results, with earnings before interest, taxes, depreciation and amortization (Ebitda) of ?,?278 million ($319 million) for the third quarter, up from ?,?271 million in the preceding quarter.The company's strong...Read More
A likely decline in the South Korea domestic steel scrap price and lower Japan export and local prices has resulted in a drop in buying interest in South Korea in the week to Friday November 12, sources told Fastmarkets.South Korea bids lower for Russia import scrapTokyo Steel announces another drop in domestic scrap buy priceBuying interest for scrap minimal in China amid volatile finished steel...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Prices for aluminium primary foundry alloy (PFA) in Europe and the US were steady, with global silicon prices starting to ease during the last few weeks.Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $800-900 per tonne on Friday November 12, flat at a record high from the previous assessment, on October 8.Fastmarkets' monthly aluminium primary fou...Read More
A wide gap between bids and offers in the major deep-sea markets for ferrous scrap prevented deals being made for much of the week ended Friday November 12, sources have told Fastmarkets.?EUR?Turkey steelmakers struggle to buy December-delivery scrap?EUR?US suppliers resist lower bids amid tight supplies?EUR?Vietnam quiet amid volatile markets?EUR?Bids, offers remain far apart in cfr China market?...Read More
The market for pig iron exports from the south of Brazil remained stable during the week ended Friday November 12 due to limited trading.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $500-510 per tonne on Friday, unchanged week on week.Read More
Prices for flat-rolled steel products imported into South America fell further in the week to Friday November 12 amid lower offers from China and weakening demand from clients on both coasts of the continent, market participants have said.January-shipment negotiations had not yet gained traction, with buyers holding back in anticipation of even cheaper offers and with traders concerned about booki...Read More
Futures prices across the London Metal Exchange base metal complex were relatively steady with only modest price movements at the 9am open on Friday November 12, following a strong performance at the 5pm close on November 11.The US dollar index continued to perform strongly. It was at 95.13 at the 9am open, posting only a modest decline from 95.16 at yesterday's close. This strong dollar has the p...Read More
Prices for aluminium primary foundry alloy (PFA) in Europe and the US were steady, with global silicon prices starting to ease during the last few weeks.Fastmarkets assessed the aluminium primary foundry alloy, silicon 7 ingot premium, ddp Germany at $800-900 per tonne on Friday November 12, flat at a record high from the previous assessment, on October 8.Fastmarkets' monthly aluminium primary fou...Read More
Brazilian domestic flat steel prices dipped in November after a series of discounts and amid weakening market demand.Steel producers started granting discounts on spot prices for coil in late September and October, which sparked a fight for market share among sellers, leading to additional price reductions.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Braz...Read More
The Turkish steel mills have ended the working week with only three deep-sea cargoes amid limited finished long steel demand in the export markets, sources told Fastmarkets on Friday November 12.A steel mill in the Izmir region booked a United States cargo late on Thursday November 11 consisting of 14,000 tonnes of HMS 1&2 (80:20) at $500 per tonne and 30,000 tonnes of shredded at $520 per tonne c...Read More
Sellers in China's domestic rebar market on Friday November 12 attempted to build on the momentum of a day earlier by raising their offers, but losses in the futures market due to falling coal prices capped the increases.Domestic Eastern China (Shanghai): 4,800-4,830 yuan ($751-755) per tonne, up by 30-50 yuan per tonneNorthern China (Beijing) weekly assessment: 4,520-4,600 yuan per tonne, down by...Read More
Prices for shredded steel scrap imported into Pakistan and India diverged on Friday November 12; the latter weakened and halted purchases, sources told Fastmarkets.PakistanTraders opted to sell their material into the Pakistan market during the week after the nearby Indian market underwent a downward correction, while Pakistan prices remained firm.Fastmarkets calculated its weekly steel scrap, shr...Read More
The United Kingdom inter-merchant light-iron steel scrap spot price was steady for the second consecutive week as of Friday November 12, with tight supplies from lower scrap generation and competitive dockside trading supporting the British domestic market, trade sources said.The UK market has also garnered support from domestic monthly prices into British steelworks that settled ?20-25 ($27-33)...Read More