The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More
The export market for steel billet from the Commonwealth of Independent States improved on Tuesday October 12 on bullish sentiment among suppliers.Fastmarkets' calculation of its daily steel billet index, export, fob Black Sea, CIS, was up by $23 per tonne day on day to $625 per tonne on October 12.One supplier from Ukraine offered billet at prices no...Read More
Export prices for Chinese steel cold-rolled coil and hot-dipped galvanized coil have moved slightly higher from those seen in late September, while trading liquidity remained quiet.Demand for Chinese CRC and HDG has been poor in the week to Tuesday October 12, with buyers shifting their attention to cheaper resources from other origins and overall demand weak due to Covid-19 pandemic situations ac...Read More
Interest in importing steel billet fell in China on Tuesday October 12 amid a fall in the country's domestic billet market on the same day, sources have told Fastmarkets.A sharp drop in ferrous futures markets in China on Tuesday due to market expectations of a rise in Chinese steel output over the short term was also accompanied by a weakening in physical markets.Local billet prices in Jiang...Read More
Aurubis, Europe's biggest copper producer, is considering plans to set up a new copper scrap processing facility in North America to tap into the growing availability of raw materials outside China and Malaysia, the company's chief executive told Fastmarkets.Aurubis, which acquired recycling firm Metallo in May last year, is now investigating its options in expanding its scrap-processing capacity...Read More
The two biggest ferro-alloys producers in Ukraine - Nikopol and Zaporozhye - are almost halving production of manganese alloys in October due to surging electricity prices, a source told Fastmarkets on Monday October 11.The Privat Group, which owns the facilities is shutting five of its 13 furnaces at Nikopol, cutting its monthly manganese alloys output to 35,000 tonnes, from 65,000 tonnes in Sept...Read More
Spot prices for hot-rolled coil in China fell sharply on Tuesday October 12 after futures prices tumbled on potential increases in supply.Domestic Eastern China (Shanghai): 5,750-5,760 yuan ($891-892) per tonne, down by 110-130 yuan per tonne The most-traded HRC contract on the Shanghai Futures Exchange shed more than 200 yuan per tonne, or 3.58%, on Tuesday, marking the biggest one-day loss sin...Read More
Export prices for Chinese steel cold-rolled coil and hot-dipped galvanized coil have moved slightly higher from those seen in late September, while trading liquidity remained quiet.Demand for Chinese CRC and HDG has been poor in the week to Tuesday October 12, with buyers shifting their attention to cheaper resources from other origins and overall demand weak due to Covid-19 pandemic situations ac...Read More
Ecobat's Stolberg lead smelter will remain shut until spring 2022; regional tightness is pushing more consumers to look for spot units.The German lead plant, which declared force majeure due to floods in July, is still undergoing repair work, a company statement seen by Fastmarkets on Tuesday October 12 said. The smelter is in the process of procuring parts and equipment for the rebuild, the...Read More
Here are five Fastmarkets stories you might have missed on Monday October 11 that are worth another look.Global cobalt supply can't keep pace with surging cobalt consumption because its production is tied to copper and nickel mining rather than underlying demand, the chief executive officer of diversified mining company Eurasian Resources Group...Read More
Deep-sea scrap import prices in Turkey have continued to increase due to strong demand from Turkish steelmakers, market participants told Fastmarkets on Tuesday October 12.Late on Monday October 11, a steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 34,000 tonnes of HMS 1&2 (80:20) at $463 per tonne and 2,000 tonnes of shredded at $478 per tonne, along with 4,000 tonnes of...Read More
Here are five Fastmarkets stories you might have missed on Monday October 11 that are worth another look.Global cobalt supply can't keep pace with surging cobalt consumption because its production is tied to copper and nickel mining rather than underlying demand, the chief executive officer of diversified mining company Eurasian Resources Group...Read More
Interest in importing steel billet fell in China on Tuesday October 12 amid a fall in the country's domestic billet market on the same day, sources have told Fastmarkets.A sharp drop in ferrous futures markets in China on Tuesday due to market expectations of a rise in Chinese steel output over the short term was also accompanied by a weakening in physical markets.Local billet prices in Jiang...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 12 that are worth another look.A sharp rise in electricity prices has forced Spanish stainless long steel producer Sidenor Aceros Especiales to suspend production, Fastmarkets has heard.The London Metal Exchange has...Read More
Here are five Fastmarkets stories you might have missed on Monday October 11 that are worth another look.Global cobalt supply can't keep pace with surging cobalt consumption because its production is tied to copper and nickel mining rather than underlying demand, the chief executive officer of diversified mining company Eurasian Resources Group...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
China will allow its floating electricity prices to rise further from October 15 to stabilize supply amid a shortage in the country, according to a notice released by the country's National Development & Reform Commission (NDRC), its top economic planner, on Tuesday October 12.Electricity supplied to the national grid is priced using a formula that comprises a base price and a floating price, acco...Read More
Here are five Fastmarkets stories you might have missed on Monday October 11 that are worth another look.Global cobalt supply can't keep pace with surging cobalt consumption because its production is tied to copper and nickel mining rather than underlying demand, the chief executive officer of diversified mining company Eurasian Resources Group...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade 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.Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More