October 2021

Vale restarts Salobo copper mine ops after 18-day downtime

Vale has restarted a conveyor belt at its Salobo copper mine in Brazil following an 18-day stoppage due to a fire, the multi-metal producer said on Friday October 22.

MANGANESE SNAPSHOT: Portside ore price rises support seaborne market

Key data from Fastmarkets’ pricing sessions in India, Europe, China and the United States on Friday October 22.

GLOBAL FERRO-SILICON SNAPSHOT: US supply squeeze forces prices to new heights

Key data from Fastmarkets’ pricing sessions in China, Europe and the United States on Friday October 22.

Cleveland-Cliffs aims to up share of domestic prime scrap market

Unites States steelmaker Cleveland-Cliffs plans to increase its share of the US domestic prime scrap market amid increasing demand and the failure of the country’s own manufacturing supply to keep up, the company’s chairman, president and chief executive officer said.

STEEL SCRAP WRAP: Prices in major markets continue to rise on bullish sentiment

Ferrous scrap prices in the global markets continued to strengthen in the week ended Friday October 22 amid firm demand and tight supply. Turkish steel mills continued to pay higher prices for deep-sea scrap cargoes, while buyers in Southeast Asia had to raise their bids because of limited supply.

EUROPE ALLOY STEEL SCRAP: Grade 18/8 prices rise on higher nickel costs; fundamentals stable

The price for grade 18/8 alloy steel scrap increased due to higher nickel costs, while underlying market fundamentals remained stable, sources told Fastmarkets on Friday October 22.

COPPER CONCS SNAPSHOT: TC/RC falls for fourth week in a row

The spot copper concentrate processing charge continued to drop for the fourth consecutive week.

UK STEEL SCRAP WEEKLY: Light iron market returns to annual peak on firm fundamentals

The inter-merchant market for light-iron steel scrap in the United Kingdom moved higher over the week to Friday October 22 amid tight domestic supplies and strong export markets into both deep-sea and short-sea destinations, trade sources told Fastmarkets.

Aerospace materials market report 22/10: Logistics issues, raw materials shortages push up chromium prices in Europe

An overview of the aerospace materials markets and the latest price moves in the week to Friday October 22.

SOUTH ASIA STEEL SCRAP: Prices continue to climb

Prices for shredded steel scrap imported into Pakistan and India moved up on Friday October 22, as lively trading continued, sources told Fastmarkets.