Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
The seaborne prices of both low and high-grade manganese ore rose but at a slower rate in the week to Friday January 15 following weakness emerging in the portside market, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin climbed up by 5 cents or 1.1% week on week to $4.58 per dry metric tonne unit (dmtu) on Friday from $4.53 per dmtu the previous week.Fastmarkets' manganese ore in...Read More
Turkish domestic prices for auto bundle steel scrap have gone down slightly over the past week, following the downturn in the deep-sea scrap import values, sources said on Monday January 18.Deep-sea scrap import prices went down sharply in a fresh Baltic Sea cargo deal at the end of the previous week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, wa...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Friday January 15, following and supported by the trend in the international market, sources told Fastmarkets. Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?370-405 ($445-489) per tonne on January 15, up by ?,?85-95 from ?,?285-310 per ton...Read More
Italian domestic steel scrap prices surged in the month to Friday January 15, supported by the global uptrend in December and the first half of January, sources told Fastmarkets. Fastmarkets assessed the monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy at ?,?325-360 ($392-435) per tonne on Friday, up by ?,?65-95 (or 30.5%) month on month from...Read More
The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter. Metals prices firmer despite stronger US dollarBase metals Three-month ba...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
A strong performance in the electric vehicle (EV) sector is set to give a significant boost to demand for cobalt in 2021, an exclusive survey by Fastmarkets reveals. And while there were mixed messages about demand in certain downstream sectors, such as superalloys which are mostly applied in the aerospace sector, with a cautious expectation of steady or growing demand in the key consumer electron...Read More
Share this articleVANCOUVER - The 38th annual Mineral Exploration Roundup, hosted by the Association for Mineral Exploration, launched today as Remote Roundup. This virtual experience is safely facilitating the largest ever online gathering of the global exploration industry. Hosted by explorers for explorers, Roundup is always one of the world's premier technical mineral exploration conferences....Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
Prices for domestic steel hot-rolled coil increased in Europe in the week ended Friday January 15, due to limited availability of the material.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?716.00 ($864.56) per tonne on Friday, up by ?,?48.50 per tonne week on week and by ?,?79.75 per tonne month on month.The calculation of the index was based on...Read More
After a rapid rise of domestic steel prices across Europe in the second half of 2020, market sources have been voicing concerns that the situation will echo the scenario in 2008 of a price spike quickly followed by a sharp fall. Fastmarkets takes a look at the differences and similarities in the market situations of 2008 and 2020. Domestic prices for both flat and long steel products increased dra...Read More
The IPO market went absolutely wild last year.Despite the COVID-19 pandemic and its devastating economic effects, IPOs raised a whopping $150 billion in 2020 - including more than 20 companies that raised over $1 billion each.Among them, Airbnb, DoorDash, and database software company Snowflake all raised over $3 billion in their IPOs.Meanwhile, Bill Ackman's new special purpose acquisition compan...Read More
European distributors of flat steel products have reported an 8.9% year-on-year rise in shipment volumes during November 2020, regional steel industry association Eurometal said on Monday January 18.Over the first 11 months of 2020, however, flat steel distributors' shipments dropped by 12.00% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel...Read More
Apparent steel consumption in Brazil grew by 30.2% year on year in December and finished the year up by 1.2% overall, the country's steel association, Instituto A??o Brasil, said on Monday January 18.According to A??o Brasil data, December consumption totaled 2.03 million tonnes, up from 1.56 million tonnes a year before.Flat-rolled steel demand reached 1.23 million tonnes in December, up 31.5% fr...Read More
The domestic rebar market in Russia's Central Federal District around Moscow moved up in the week to January 18 on higher offers from mills, with market activity, however, subdued due to seasonal factors, several sources told Fastmarkets.Trading activity in Russia's rebar market was slow over the assessment week due to seasonally slow end-user demand, sources said."It's extremely cold outside, con...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
Turkish domestic prices for auto bundle steel scrap have gone down slightly over the past week, following the downturn in the deep-sea scrap import values, sources said on Monday January 18.Deep-sea scrap import prices went down sharply in a fresh Baltic Sea cargo deal at the end of the previous week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, wa...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Friday January 15, following and supported by the trend in the international market, sources told Fastmarkets. Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?370-405 ($445-489) per tonne on January 15, up by ?,?85-95 from ?,?285-310 per ton...Read More
Export prices for steel slab from the Commonwealth of Independent States (CIS) decreased in the week to Monday January 18 because customers were not ready to accept the levels being asked by mills amid weakening prices for finished flat steel products.Fastmarkets' weekly price assessment for steel hot-rolled coil, import, cfr main port Turkey, was $730-800 per tonne on January 15, falling from $74...Read More