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Supply woes, scrap gains propel US HRC price to $63/cwt
Hot-rolled coil prices in the United States have hit another all-time high, driven by supply shortages and strength in domestic ferrous scrap pricing.
March 5, 2021
·
By Patrick Fitzgerald
Insights
China hog recovery, biodiesel to underpin ‘very strong 2021’: ADM
The recovery in China’s hog herd and renewed interest in biofuels, particularly from emerging green diesel solutions, will ensure...
March 4, 2021
·
By Timothy Worledge
Insights
EXCLUSIVE: Glencore puts South American zinc, silver mine portfolio up for sale – sources
Glencore has appointed BMO Capital Markets to arrange the sale or explore partnerships for its entire wholly-owned zinc, lead and silver mining portfolio in South America, according to several sources and documents viewed by Fastmarkets.
March 3, 2021
·
Insights
PRICING NOTICE: Proposal to launch standalone iron ore pellet premium index
Fastmarkets is proposing to launch a weekly iron ore pellet premium index to reflect the spot premium that "tier one" pellets achieve to its 65% Fe fines index on a cfr China basis. This would replace its existing implied pellet premium, which would be subsequently discontinued.
March 3, 2021
·
Insights
FOCUS: Key effects of China’s latest industrial crackdown in Tangshan on steel sector
A crackdown on industrial activity in Tangshan, China’s steelmaking hub, is sending jitters throughout the sector. Fastmarkets examines what it means for the steel industry.
March 3, 2021
·
By Alex Theo
Insights
HRC hits another record high in US; spot tons elusive
Hot-rolled coil prices in the United States climbed again, surpassing the record high established the previous day, after market participants noted an acute shortage of spot-market material.
March 3, 2021
·
By the Fastmarkets team
Insights
Chile copper production down 0.7% year on year in January
Chile produced 457,100 tonnes of copper in January, down by 0.7% from 460,100 tonnes in the same month in 2020, the Chilean copper commission, Cochilco, said on Tuesday March 2.
March 2, 2021
·
By Renato Rostás
Insights
LIVE FUTURES REPORT 02/03: LME nickel drops 1%, tin above $23,500/t
Base metals prices on the London Metal Exchange were in consolidation mode on Tuesday March 2, with tin declining slightly following a near 9% dive on Monday and nickel decreasing by 1%, amid a stronger US Dollar Index, which is at its highest since the first week of February.
March 2, 2021
·
By the Fastmarkets team
Insights
MORNING VIEW: Base metals prices weaker in Shanghai, mixed in London
Base metals prices on the London Metal Exchange were mixed this morning, Tuesday March 2, while on the Shanghai Futures Exchange they were mainly weaker.
March 2, 2021
·
By William Adams
Insights
US hot-rolled coil index passes $62/cwt
The hot-rolled coil price has hit a new high in the United States, moving above $62 per hundredweight.
March 2, 2021
·
By Patrick Fitzgerald
Insights
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