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
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
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
Fastmarkets' assessment of the zinc treatment charge (TC) was stable for a third time in a row on November 12, with a negative arbitrage and sufficient domestic production for winter stockpiles keeping Chinese smelters at bay.The zinc spot concentrate TC, cif China was assessed at $75-88 per tonne on Friday, unchanged since September 24. With only a few deals reported this week, smelter purch...Read More
Local and export prices for hot-dipped galvanized coil decreased in Turkey in the week to Friday, November 12, with buyers holding back in anticipation of further price falls, sources told Fastmarkets.Demand for color-coated coil in the domestic market, meanwhile, improved because of low stock levels at end users, the sources added.Domestic pricesFastmarkets' weekly price assessment for steel HDG...Read More
Automotive and industrial supplier Schaeffler has signed an off-take agreement with Sweden's H2 Green Steel (H2GS) to purchase 100,000 tonnes of its near-zero CO2- free steel on an annual basis from 2025, the company announced earlier in the week.The steel will be produced via direct reduction with hydrogen from renewable energy, replacing coking coal and reducing emissions by 95% in comparison wi...Read More
Brazilian slab export prices increased in the week ended Friday November 12, with producers raising offers but negotiations slow due to uncertainty in the flat steel markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $730-760 per tonne on Friday November 12, up from $730-740 per tonne a week before.Offers were reported at $740-760 per tonne fob, with the...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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...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 Rotterdam,...Read More
A summary of production figures and financial results from Argentinian aluminium producer Aluar for the first quarter of its fiscal year 2022 (July-September 2021), as stated in its earnings report published on Wednesday November 10.In brief ?EUR?The company continued to operate its smelter at 75% capacity during the July-September quarter. ?EUR?As soon as the Argentinian government's resolution...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
Domestic prices for steel rebar have been reduced in Brazil for November orders, with previous discounts from mills consolidating at even lower levels, Fastmarkets heard on Friday November 12.Market participants were still seeing room for a price increase given the much higher import offers, and there were reports of some attempts for a 7% rise, but delivery at stable prices until the year-end was...Read More
The export pig iron market from the Black Sea area softened again in the week ended Thursday November 11 on weaker market fundamentals, sources have told Fastmarkets.Fastmarkets' price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $520-540 per tonne on November 11, narrowing downward from $520-545 per tonne a week before."Iron ore prices are weak, the Chinese ma...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 the Friday November 12 pricing session in LondonKey driversInternational spot cobalt metal prices continued to post daily gains during the week with tight availability of certain brands and an increase in consumer inquiries.Strength filtering through from ongoing long-term...Read More
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
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
Spot copper concentrate processing charges dropped slightly during the week ended Friday November 12, with the market focused on 2022 contract negotiations. Spot activity was minimal, with treatment charges for smelter purchases and trader purchases in the low-$60-per-tonne and low-$50-per-tonne range respectively. As a result, Fastmarkets' calculation of the copper concentrate TC index, cif...Read More