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Glencore coal assets head Nagle to become new CEO, Glasenberg to step down in 6 months
Gary Nagle will become the new chief executive officer of Glencore when Ivan Glasenberg retires during the first half of 2021, the company said on Friday December 4.
December 4, 2020
·
Insights
FOCUS: Market doubtful of near-term end to China’s ban on Australian coal imports
Nearly two months after Chinese steel mills were verbally notified to halt imports of Australian coal, market participants and industry analysts tell Fastmarkets about the consequences of the ban and their predictions for its future.
December 4, 2020
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By Min Li
Insights
CFR China soybeans trade at below netback cost as traders hit bids
Soybeans delivered into China are trading at a theoretical discount to the origin price as a fall-off in futures over the...
December 4, 2020
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By Johnny Huang
Insights
US HRC nears $42/cwt, may be poised to test ’08 highs
Hot-rolled coil prices in the United States are testing highs not seen since the Section 232 market shock in 2018 and might soon be pushing up against highs last seen in 2008, in the heady days before the financial crisis.
December 4, 2020
·
Insights
Argentina’s Jan-Oct corn exports hit 34.5m mt record: chamber
Argentina has exported a record 34.5 million mt of corn in the January-October period, up 10% compared with the same...
December 4, 2020
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By Juan Pedro Tomas
Insights
Glencore, GEM extend cobalt supply deal until 2029
Swiss miner-trader Glencore and Chinese battery materials producer GEM have extended their agreement for cobalt hydroxide supply by another five years.
December 3, 2020
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Insights
Copper price hikes may no longer lead to huge rise in availability of scrap
The recent surge in copper prices might not lead to swathes of scrap being suddenly released into the market, as happened after a similar situation nearly a decade ago, sources told Fastmarkets this week.
December 3, 2020
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By Julian Luk
Insights
BANGLADESH STEEL SCRAP: Containerized shredded prices break $400/t cfr
Small and medium-sized steel mills in Bangladesh have been forced to re-enter the market for scrap at high prices, market participants said on Thursday December 3.
December 3, 2020
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By Lee Allen
Insights
US hot-rolled coil index holds above $40/cwt; market eyes domestic scrap trade
Hot-rolled coil prices in the United States have held above $40 per hundredweight ($800 per short ton) while the availability of spot tons remains limited, according to sources.
December 3, 2020
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By Elizabeth Ramanand
Insights
Liberty-Thyssenkrupp steel talks move to the next stage
Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on Wednesday, December 2.
December 2, 2020
·
By Julia Bolotova
Insights
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