Iron ore trading liquidity was still limited on Thursday October 7, mainly due to China's Golden Week holiday, but improving supplies from Brazil were helping to stabilize prices, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $117.02 per tonne, up $0.31 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.87 per tonne, up $0.24 per tonne58% Fe fines high-grade pr...Read More
Seaborne coking coal prices in the fob market on Thursday October 7 were largely flat amid limited trading activity in the market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $603.28 per tonne, unchangedHard coking coal, cfr Jingtang: $565.14 per tonne, unchangedPremium hard coking coal, fob DBCT: $404.05 per tonne, down by $0.48 per tonne ...Read More
The Brazilian automotive association, Anfavea, has cut its forecast for production and sales in 2021, due to a shortage of semiconductors and logistics issues.Vehicle production is now expected to reach between 2.13-2.22 million units this year, an increase of 6-10% from the 2.01 million units produced in 2020, the association said on Wednesday October 6.The new forecast is 10-13% lower than the a...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.It has a five-year target to install more than 100 megawatts of power to cover 20% of the group's energy requirements in its production sites in Italy.The investment will reduce its CO2 emissions by approximately 85,000 tonnes a year on completion of.....Read More
Trafigura Pte is developing a program that will provide its customers with data on the carbon dioxide (CO2) emissions in its nickel and cobalt supply chains, the physical trading company said.The service will have a particular focus on the company's electric vehicle (EV) customers and will be provided by Circulor, a blockchain-based supply chain traceability and CO2 emissions tracking services pro...Read More
Local reinforcing bar and imported billet prices in Egypt were stable in the week to Thursday October 7, while demand from the private sector was still weak, sources told Fastmarkets."Government funded projects continue, but private sector demand remains slow," one trader told Fastmarkets.Some market participants expect prices to decrease due to weak demand, except for government projects, while s...Read More
Steel billet prices in Turkey increased in tthe week to Thursday October 7, in response to rising scrap and energy costs, market sources told Fastmarkets.Turkish steel producers continued with deep-sea scrap purchases for November shipment over the past week, with Fastmarkets' calculation of the daily index for steel scrap HMS 1&2 (80:20 mix) United States origin, cfr Turkey at $447.83 per tonne o...Read More
Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.It has a five-year target to install more than 100 megawatts of power to cover 20% of the group's energy requirements in its production sites in Italy.The investment will reduce its CO2 emissions by approximately 85,000 tonnes a year on completion of.....Read More
The Brazilian automotive association, Anfavea, has cut its forecast for production and sales in 2021, due to a shortage of semiconductors and logistics issues.Vehicle production is now expected to reach between 2.13-2.22 million units this year, an increase of 6-10% from the 2.01 million units produced in 2020, the association said on Wednesday October 6.The new forecast is 10-13% lower than the a...Read More
Brazil-based multi-metal producer Nexa Resources has resumed activity at its San Gerardo zinc-lead open-pit mine in central Peru after a week-long stoppage caused by community blockades, the company said on Wednesday October 6.In a filing to the Peruvian securities and exchange commission, SMV, Nexa said operations began to reopen early in the week and by Wednesday had returned to full capacity.Ro...Read More
The Brazilian automotive association, Anfavea, has cut its forecast for production and sales in 2021, due to a shortage of semiconductors and logistics issues.Vehicle production is now expected to reach between 2.13-2.22 million units this year, an increase of 6-10% from the 2.01 million units produced in 2020, the association said on Wednesday October 6.The new forecast is 10-13% lower than the a...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
Shipping companies importing steel to Brazil are facing long lines at S??o Francisco do Sul port in the southern state of Santa Catarina due to congestion, mainly at warehouses.Ships are being diverted from S??o Francisco do Sul port, which is the main steel importing hub in Brazil, because of unloading lines.The main reason is the unusually high amount of steel products in storage, and a low with...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 7 that are worth another look.Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.Vale has resumed activities at its On??a...Read More
Steel producer Feralpi Group is to invest ?,?100 million ($115 million) in renewable power at its Italian sites, it announced on Thursday October 7.It has a five-year target to install more than 100 megawatts of power to cover 20% of the group's energy requirements in its production sites in Italy.The investment will reduce its CO2 emissions by approximately 85,000 tonnes a year on completion of.....Read More
The premium for fourth-quarter supply of aluminium ingot to main Japanese ports (MJP) rose to its highest level in six years, continuing its upward climb despite a marked slowdown in domestic consumption in Japan.Currently, domestic market fundamentals stand in stark contrast to a tightly supplied global market where premiums are supported by firm demand. Sources, weighing in on why premiums have...Read More
Vale has resumed activities at its On??a Puma nickel unit in Brazil after a legal injunction re-established the facility's operating license, the company said in a filing with securities and exchange commission CVM on Thursday October 7.On??a Puma, located in Brazil's northern Par?? state, had been stopped on Monday October 4 following the suspension of its operating permit by state environme...Read More
Hot-rolled coil prices in the United States rose for the first time this month, while some buyers said that they were delaying purchases because they expect material will be cheaper in the coming weeks.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $97.94 per hundredweight ($1,958.80 per short ton) on Thursday October 7, up by 0.64% from $97.32 per cwt on Wednesday O...Read More
The Turkish long steel export market has shown signs of a revival over the past week, after an upturn in prices, sources told Fastmarkets on Thursday October 7.Turkish steelmakers increased their rebar and wire rod export offer prices, in the wake of rising raw materials and power costs.Steel mills in the country raised their rebar offers to $690-695 per tonne fob on an actual-weight basis this we...Read More